Living here
Average rent in Coral Gables
What renters actually pay, by number of bedrooms, and how Coral Gables compares with Florida and the US.
Median rent
$2,121/mo
57% above US
1 bedroom
$1,865/mo
58% above US
2 bedrooms
$2,407/mo
80% above US
Renters paying 30%+ of income
51%
US 50%
Renter households
6,840
Rent by number of bedrooms
Median gross rent (contract rent plus utilities) for occupied rental units, by bedrooms. Income needed uses the 30% rule.
How Coral Gables compares
- Coral Gables$1,723
- Florida$1,283
- United States$1,185
- Coral Gables$1,865
- Florida$1,332
- United States$1,180
- Coral Gables$2,407
- Florida$1,560
- United States$1,338
- Coral Gables$3,501
- Florida$1,773
- United States$1,500
Two-bedroom rent in nearby cities
- Coral Gables$2,407
- Miami Beach$2,191
- Hialeah$1,683
- Pembroke Pines$1,909
- Delray Beach$1,951
- Fort Myers$1,480
- Palm Bay$1,356
- Orlando$1,715
- Daytona Beach$1,326
- Coral Gables51%
- Miami Beach63%
- Hialeah63%
- Pembroke Pines66%
- Delray Beach60%
- Fort Myers59%
- Palm Bay55%
- Orlando57%
- Daytona Beach59%
Nearby cities are other Local City Network guides in Florida, nearest first.
What rent can you afford?
At 30% of income you can spend about $2,407 a month.
- Studio $1,723
- 1 bedroom $1,865
- 2 bedrooms $2,407
- 3 bedrooms $3,501
- 4 bedrooms $2,825
- 5+ bedrooms $3,501
Green means the median Coral Gables rent for that size fits your budget. Landlords often ask for income of 2.5–3× the monthly rent.
How stretched are renters?
51% of Coral Gables renters spend 30% or more of their income on rent, and 30% spend half or more. The typical renter household puts 30.5% of its income toward rent (US: 50% and 25%).
Rent by zip code
Median gross rent for each ZIP Code Tabulation Area that overlaps Coral Gables.
HUD fair market rents
HUD’s 2027 fair market rents for Miami-Miami Beach-Kendall, FL HUD Metro FMR Area are the payment benchmarks for housing vouchers (about the 40th percentile of recent movers’ rents), so they often differ from the medians above.
More on living in Coral Gables
Neighborhoods of Coral Gables
Questions
What is the average rent in Coral Gables?
The median gross rent (rent plus utilities) is $2,121 a month, 36% above the Florida median and 57% above the national median.
How much is a one-bedroom apartment in Coral Gables?
The median one-bedroom rents for $1,865 a month (US: $1,180).
How much is a two-bedroom in Coral Gables?
The median two-bedroom rents for $2,407 a month (US: $1,338).
How much do you need to make to rent in Coral Gables?
Using the common 30% rule, a median two-bedroom ($2,407) takes a household income of about $96,280 a year, and a one-bedroom about $74,600.
Is rent affordable in Coral Gables?
About 51% of Coral Gables renters spend 30% or more of their income on rent, and 30% spend at least half (US: 50% and 25%).
Source: U.S. Census Bureau, American Community Survey 2019–2023 5-year estimates (tables B25031, B25070 and B25071). Estimates have margins of error; figures are in 2023 dollars.