ZIP Code · FL

ZIP 33134

Pop. 38,174·Miami-Dade County·63rd most expensive ZIP in Florida
Median rent (all units)
$2,953/mo
Year-over-Year
+3.9%
Month-over-Month
Stable
vs US Median
+$1,021
Reported rents
Stable (Monthly)
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Most AffordableMost Expensive
ZIP 33134 · $2,953
More expensive than 90% of US ZIP codes · National median $1,932/mo
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Medians by bedroom

Rent by unit size

Studio
$2,170
1 BR
$2,370
2 BR
$2,890
3 BR
$3,710
4 BR+
$4,290
Research median
$2,890/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: October 17, 2026

From the history

What the numbers show

Cheapest month to sign

February. Asking rents in ZIP 33134 usually run 0.6% below trend in February and 0.7% above it in July, about $38 a month apart at today's median. Based on 11 years of data.

Compared with the peak

Rent in ZIP 33134 is at its highest level since Zillow's records here began in January 2015.

Past year vs. the rest of Florida

Rent in ZIP 33134 changed +3.9% over the year to September 2026. Across the 623 Florida ZIP codes Zillow tracks, the typical change was +1.8%.

Rent vs. income since 2019

From 2019 to 2024, rent in ZIP 33134 rose 53.4% while median household income rose 44.9% ($68,868 to $99,766). Rent outpaced income.

Since before the pandemic

Rent in ZIP 33134 is 60.7% higher than in March 2020. Across the US, rent is up 37.3% over the same stretch.

Recent direction

Rent has risen 7 months in a row, and rose in 11 of the last 12 months.

What a typical income covers

30% of the median household income ($99,766) is $2,494 a month. That covers HUD's Fair Market Rent for up to a 1-bedroom ($2,370); a 2-bedroom is $2,890.

Cheaper nearby

ZIP 33135, 2 miles away, rents for 30% less ($2,067/mo), about $10,600 a year in savings.

From Zillow's monthly rent index (ZORI) for ZIP 33134. The seasonal pattern compares Zillow’s seasonally adjusted and unadjusted series. Income is the Census median household income (5-year estimates). Fair Market Rents are HUD’s, which include utilities.

Annual cost
$35,436/yr
At $2,953/mo median
Location
StateFL
CountyMiami-Dade County
Rent Market Meter
Landlord's Market
Renter's MarketBalancedLandlord's Market
Rents are climbing (3.9% YoY), so leverage tilts toward landlords. Act sooner rather than later.
Based on rent-price momentum (+3.9% YoY, +0.0% MoM), not inventory.
Demographics

Who lives here

ZIP 33134 (Coral Gables, FL) is majority owner-occupied, has a large retiree population, has a median income above the national average, 56.5% of residents hold a bachelor's degree or higher.

Population
38,174
Median income
$99,766
Median age
45.7
Renters
42.3%
Age distribution
17.9%
17.6%
28%
15.9%
20.6%
Under 1817.9%
18–3417.6%
35–5428%
55–6415.9%
65+20.6%
Gender
49.9%
50.1%
Male49.9%
Female50.1%
Race & ethnicity
34.7%
74.5%
White34.7%
Black1%
Hispanic74.5%
Asian1.8%
Education (25+)
18.7%
16.2%
56.5%
No HS diploma8.6%
HS diploma18.7%
Some college16.2%
Bachelor's+56.5%
Housing tenure
57.7%
42.3%
Owner57.7%
Renter42.3%

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

2021 vs 2026

How ZIP 33134 in Coral Gables, FL has changed in 5 years

Rent
$1,925 → $2,953
up 53.4%
Income
$79,544 → $99,766
up 25.4%
Population
39,082 → 38,174
down 2.3%
Renter share
44.6% → 42.3%
-2.3 pts
Bachelor's+
54.5% → 56.5%
+2.0 pts
Median age
43.9 → 45.7
+1.8 yrs

Rent in ZIP 33134 in Coral Gables, FL has climbed 53.4% since 2021, going from about $1,925 per month to roughly $2,953 today. On the earnings side, the typical household in ZIP 33134 in Coral Gables, FL now reports about $99,766, up from $79,544 in 2021. Rent outpaced income growth by roughly 28.0 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 39,082 to 38,174 between 2021 and 2024, a 2.3% change. About 42.3% of households rent today, against 44.6% in 2021. Educational attainment has shifted as well, with the share of adults holding a bachelor's degree or higher climbed from 54.5% to 56.5%. For context, the 2021 to 2026 window covers an unusually volatile run for US rents nationally, and ZIP 33134 in Coral Gables, FL reflects that arc in its own way.

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About renting in ZIP 33134

Last updated: October 17, 2026

ZIP code 33134 covers Coral Gables, FL. The median rent here is $2,953/mo as of October 2026. A 1-bedroom rents for a median of $2,370/mo. A 2-bedroom rents for a median of $2,890/mo.

At 36% of local median household income ($99,766/yr), ZIP 33134 ranks as moderate compared to the national benchmark of 30%. Rents have increased 3.9% over the past year.

FAQ

Frequently asked questions

How much income do you need to rent in ZIP 33134?

To keep rent at or below 30% of gross income, you would need to earn at least $118,000/year (about $57/hour full-time) to afford the median rent of $2,953/mo in ZIP 33134. The local median household income is $99,766/yr, so the typical household falls short of that bar.

Is rent going up or down in ZIP 33134?

Rent in ZIP 33134 has risen 3.9% over the past year as of September 2026. That is the highest level since Zillow's records here began in January 2015.

When is the cheapest time to rent in ZIP 33134?

Asking rents in ZIP 33134 are usually lowest in February, about 0.6% below their yearly trend, and highest in July, about 0.7% above it. At today's median that is a gap of roughly $38 a month. This pattern comes from 11 years of Zillow rent data.

Has rent outpaced income in ZIP 33134?

Yes. From 2019 to 2024, rent in ZIP 33134 rose 53.4% while median household income rose 44.9%, from $68,868 to $99,766. Rent is Zillow's yearly average; income is the Census 5-year estimate for the same years.

How does ZIP 33134 compare to other ZIPs in Florida?

ZIP 33134 is one of the pricier among Florida ZIP codes for rent, ranking #63 of 656 at $2,953/mo. Over the year to September 2026, rent in ZIP 33134 changed +3.9%, against a typical +1.8% across the 623 Florida ZIP codes Zillow tracks.

How does ZIP 33134 compare to the rest of Coral Gables?

At $2,953/mo, ZIP 33134 is $392 below the Coral Gables citywide median of $3,345/mo.
Income Affordability
36%
MODERATE

At $2,953/mo, rent takes ~36% of ZIP 33134's median household income ($99,766/yr). The standard benchmark is 30%.

ZIP 33134 36%Benchmark 30%
State income taxNone
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