How much does it cost to rent in Coral Gables, FL?

As of July 2026, the median monthly rent in Coral Gables, FL is $3,678. This figure is based on aggregated data from public sources and community-submitted rents.

Is Coral Gables cheaper than other Florida cities?

Coral Gables is one of the pricier cities in Florida, ranking #16 out of 288 cities tracked at $3,678/mo.

When was Coral Gables rent data last updated?

Coral Gables rent data reflects July 2026 and was last refreshed on July 20, 2026. RentDataNow refreshes all data monthly using public and private datasets.

City Report · FL

Coral Gables

Name: Average Rent Prices in Coral Gables, FL
Creator: RentDataNow
License: https://rentdatanow.com/terms-of-service

Pop. 49,802·16th most expensive in Florida·Coral Gables rents are up 15.1% over the past year

Median rent (all units)

$3,678/mo

Year-over-Year

+15.1%

Month-over-Month

+0.3%

vs US Median

+$1,713

Stable (Monthly)

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Most AffordableMost Expensive

Coral Gables · $3,678

More expensive than 96% of US cities · National median $1,965/mo

Rent Reality Score

51/100

Fairly priced

OverheatedFairGreat value

Rents are right about where Coral Gables's 10-year trend predicts.

Actual rent

$3,678/mo

Expected by trend

$3,689/mo

The Rent Reality Score compares today's median rent to where Coral Gables's own long-run trajectory projects it should be. See the full rankings →

Medians by bedroom

Rent by unit size

Studio

$2,235

1 BR

$2,480

2 BR

$3,045

3 BR

$3,935

4 BR+

$4,610

Research median

$3,045/mo

Bedroom estimates are gross rents that include essential utilities (electricity, water, gas, sewer, trash).

Rent trends

12-month history

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Last updated: July 20, 2026

Annual cost

$44,136/yr

At $3,678/mo median

Rent Market Meter

Strong Landlord's Market

Renter's MarketBalancedLandlord's Market

Rents are up 15.1% year-over-year. Expect competition, and move quickly to lock in terms.

Based on rent-price momentum (+15.1% YoY, +0.3% MoM), not inventory.

Rent check

Is your rent fair?

Compare your rent to the local median.

Demographics

Who lives here

Coral Gables, FL is majority owner-occupied, has a median income above the national average, 73.6% of residents hold a bachelor's degree or higher.

Population

49,802

Median income

$134,216

Median age

39.1

Renters

35.5%

Age distribution

17.2%

27.8%

22.4%

13.7%

18.9%

Under 1817.2%

18–3427.8%

35–5422.4%

55–6413.7%

65+18.9%

Gender

46.3%

53.7%

Male46.3%

Female53.7%

Race & ethnicity

46.2%

56.6%

White46.2%

Black4.1%

Hispanic56.6%

Asian3.3%

Education (25+)

13.8%

73.6%

No HS diploma3.1%

HS diploma9.4%

Some college13.8%

Bachelor's+73.6%

Housing tenure

64.5%

35.5%

Owner64.5%

Renter35.5%

Source: U.S. Census Bureau · ACS 2024 5-Year Estimates

2021 vs 2026

How Coral Gables, FL has changed in 5 years

Rent

$2,166 → $3,678

up 69.8%

Income

$113,623 → $134,216

up 18.1%

Population

49,269 → 49,802

up 1.1%

Renter share

35.5% → 35.5%

+0.0 pts

Bachelor's+

71.5% → 73.6%

+2.1 pts

Median age

39.9 → 39.1

-0.8 yrs

Rent in Coral Gables, FL has increased 69.8% since 2021, going from about $2,166 per month to roughly $3,678 today. Census figures show median household income at $134,216 today, compared with $113,623 five years earlier. Rent outpaced income growth by roughly 51.7 percentage points, which means renters are spending a larger slice of each paycheck on housing than they did in 2021. Headcount in the area went from 49,269 to 49,802 between 2021 and 2024, a 1.1% change. Educational attainment has shifted as well, with the share of adults holding a bachelor's degree or higher climbed from 71.5% to 73.6%. The combined trend lines point to a market that has changed measurably from where it stood in early 2021.

Community

Discussions about Coral Gables

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View Coral Gables rent history (2015–2026) →

Salary vs rent

Can you afford rent in Coral Gables on your salary?

At $3,678/mo, how Coral Gables rent compares to typical pay (30% rule).

Registered Nurse

Avg $87,866/yr · Rent = 50.2% income

severely rent-burdened

Elementary School Teacher

Avg $62,384/yr · Rent = 70.7% income

severely rent-burdened

Police Officer

Avg $71,861/yr · Rent = 61.4% income

severely rent-burdened

Software Developer

Avg $128,442/yr · Rent = 34.4% income

stretched

Lawyer

Avg $164,117/yr · Rent = 26.9% income

affordable

Firefighter

Avg $58,413/yr · Rent = 75.6% income

severely rent-burdened

Truck Driver

Avg $52,740/yr · Rent = 83.7% income

severely rent-burdened

Electrician

Avg $65,007/yr · Rent = 67.9% income

severely rent-burdened

By apartment size

Coral Gables rent by bedroom count

Median rent for each apartment size in Coral Gables. Click any size for full breakdown.

Local insights

Tips for renters in Coral Gables

About renting in Coral Gables, FL

Last updated: July 20, 2026

The median rent in Coral Gables is $3,678/mo as of July 2026. A studio apartment averages $2,235/mo while a 2-bedroom runs $3,045/mo. One-bedroom apartments average $2,480/mo and 3-bedroom units go for $3,935/mo.

At 33% of local median household income ($134,216/yr), Coral Gables ranks as moderate compared to the national benchmark of 30%. Rents have increased 15.1% over the past year.

FAQ

Frequently asked questions

Is Coral Gables an affordable city for renters?

Coral Gables is considered moderate for renters. At $3,678/mo, rent takes approximately 33% of the local median household income ($134,216/yr). The standard benchmark is 30%. Coral Gables slightly exceeds that threshold, so budgeting carefully matters here.

How much income do you need to rent in Coral Gables?

To keep rent at or below 30% of gross income, you would need to earn at least $147,000/year (~$71/hour full-time) to afford the median rent of $3,678/mo in Coral Gables. The local median household income is $134,216/yr, meaning the typical Coral Gables household falls short of that threshold.

Is rent going up or down in Coral Gables?

Rent in Coral Gables has increased 15.1% over the past year as of July 2026, putting upward pressure on renter budgets.

Which Coral Gables neighborhoods have the lowest rent?

The most affordable ZIP codes in Coral Gables are 33134 ($3,137/mo), and 33146 ($3,647/mo). Citywide, the median rent in Coral Gables is $3,678/mo.

How does Coral Gables rent compare to other cities in Florida?

Coral Gables is one of the pricier cities in Florida for rent, ranking #16 out of 288 tracked cities at $3,678/mo.

Which nearby cities are cheaper to rent in than Coral Gables?

Several nearby cities have lower median rents than Coral Gables ($3,678/mo): West Miami ($2,353/mo), Fountainbleau ($2,491/mo), Brownsville ($2,554/mo).

What percentage of Coral Gables residents rent vs. own?

According to Census data, approximately 35.5% of Coral Gables households are renters, while 64.5% are owner-occupied. Coral Gables leans toward homeownership, which can mean a smaller rental inventory.

How does Coral Gables rent compare to the national average?

Coral Gables's median rent of $3,678/mo is $1,713 (87%) above the US national median of $1,965/mo. Within Florida, it ranks #16 out of 288 tracked cities.

Income Affordability

33%

MODERATE

At $3,678/mo, rent takes ~33% of Coral Gables's median household income ($134,216/yr). The standard benchmark is 30%.

Coral Gables 33%Benchmark 30%

State income taxNone

Run the Coral Gables affordability calculator →

Nearby cities