Coral Gables, FL Rental Market Trends
What is the average rent in Coral Gables?
The average rent for an apartment in Coral Gables is $2,049, a 1% decrease compared to the previous year, when the average rent was $2,072. Read the full Rent Report to learn more details on how apartment rents compare to other locations in the area, and what are the most affordable or most expensive cities for renting around Miami, FL.
Average Rent in Coral Gables, FL
|Average Rent||Y-o-Y Change||Average Apartment Size|
|$2,049||-1%||889 sq. ft.|
What is the average apartment size in Coral Gables?
The average size for a Coral Gables, FL apartment is 889 square feet, but this number varies greatly depending on unit type, with cheap and luxury alternatives for houses and apartments alike. Studio apartments are the smallest and most affordable, 1-bedroom apartments are closer to the average, while 2-bedroom apartments and 3-bedroom apartments offer a more generous square footage.
Coral Gables, FL Apartment Rent Ranges
- > $2,00043%
Coral Gables, FL Occupied Housing Units
- Renter-occupied Households37%
- Owner-occupied Households62%
6,740 or 37% of the households in Coral Gables, FL are renter-occupied while 11,181 or 62% are owner-occupied.
Coral Gables, FL Rent Trends
|Mar / 2018||Jul / 2018||Nov / 2018||Mar / 2019||Jul / 2019||Nov / 2019||Mar / 2020||Jul / 2020||Nov / 2020||Apr / 2021|
Average Rent in Coral Gables, FL By Neighborhood
|Coral Gables Country Club||$2,454|
|Coral Gables Crafts||$2,306|
|College Groves - Southern Pines||$1,967|
|Dill Manor - Ponce De Leon Heights||$1,967|
|Granada Park - High Crest||$1,967|
|High Land Estates - Stewart Acres||$1,967|
|Kingsleys - Stonegate||$1,967|
|San Juan Heights - University Place||$1,967|
|Sunset Acre Estates - Ponce Road Estates||$1,967|
|Weeling Estates - Snapper Creek Village||$1,967|
|Coral Ridge Acre Estates||$1,626|
|Fairchild Manors - Hammock Heights||$1,626|
|Gables By The Sea - Coral Bay||$1,626|
|Hammock Oaks Harbor||$1,626|
|Journeys End Estates||$1,626|
|Old Cutler Bay||$1,626|
|Pine Bay Estates||$1,626|
|Snapper Creek Lakes||$1,626|
|Snapper Creek Oaks||$1,626|
What are the most affordable neighborhoods in Coral Gables?
The most affordable neighborhoods in Coral Gables are Snapper Creek, where the average rent goes for $1,595/month, Coral Ridge Acre Estates, where renters pay $1,626/mo on average, and Deering Bay, where the average rent goes for $1,626/mo. If you’re looking for other great deals, check out the listings from Fairchild Manors - Hammock Heights ($1,626), Gables By The Sea - Coral Bay ($1,626), and Gables Estates ($1,626), where the asking prices are below the average Coral Gables rent of $2,049/mo.
What are the most expensive neighborhoods in Coral Gables?
The most expensive neighborhoods in Coral Gables are Granada ($2,306), Coral Gables Country Club ($2,454) and Riviera ($2,518).
What are the most popular neighborhoods in Coral Gables?
The most popular neighborhood in Coral Gables is Coconut Grove, where there are 3 verified RENTCafé listings with an average rent of $2,269. Next up is Riviera, where apartments go for $2,518/month, followed by Coral Gables Crafts with $2,306 If you’re looking to rent in Coral Gables’s most popular neighborhoods, make sure to also check out Biltmore, where renters pay $2,306 on average, and Biscayne Bay, where the average monthly rent is $1,967.
Coral Gables | Rent Comparison by Neighborhood
Rent in Biltmore is 17% higher than in Biscayne Bay
Biltmore rent is 13% higher than Coral Gables average
Biscayne Bay rent is 4% lower than Coral Gables average
How Coral Gables Compares to Other Cities
|Average Rent||Y-o-Y Change|