Coral Gables renters looking for the least expensive areas to rent should look for the areas towards the red end of the spectrum on the rent cost map. Those who don't mind paying for high-end and luxury apartments should seek out apartments in the purple and dark green areas.
Rental Price Key
On average, the cost of rent in Coral Gables is about $2,571 per month. This puts it in the 98th percentile compared to the state average cost of rent, which is $1,532. Households in Coral Gables have a median income of $9,794 per month so the average renter in Coral Gables is spending roughly 26% of their earnings on housing.
Nationally, and in Coral Gables, home values are the data point most closely correlated with the cost of rent. The median price of a home in Coral Gables is $1,131,561 right now, which is higher than cities nearby, meaning that rents in Coral Gables also tend to be higher versus these nearby cities.
Higher rent prices are common in the western parts of Coral Gables while lower rent rates are often available in northeastern areas.
Nearby Cities
- South Miami, FL: less expensive rent prices
- Coral Terrace, FL: less expensive rent prices
- West Miami, FL: less expensive rent prices
- Shenandoah, FL: less expensive rent prices
- Miami, FL: less expensive rent prices
- Glenvar Heights, FL: less expensive rent prices
- Westchester, FL: less expensive rent prices
- Sunset, FL: less expensive rent prices
- Virginia Gardens, FL: less expensive rent prices
- Fountainebleau, FL: less expensive rent prices
Cities with Similar Populations
- New Albany, IN: less expensive rent prices
- Zephyrhills, FL: less expensive rent prices
- Evans, GA: less expensive rent prices
- East Honolulu, HI: more expensive rent prices
- Wauwatosa, WI: less expensive rent prices
- Chesterfield, MO: less expensive rent prices
- Cocoa, FL: less expensive rent prices
- Spring Valley, NY: less expensive rent prices
- Gadsden, AL: less expensive rent prices
- Kapolei, HI: less expensive rent prices
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