What is the median rent in Coral Gables, FL?
The median gross rent in Coral Gables, FL is $2,373 (±$209) a month, according to the US Census Bureau’s 2020–2024 American Community Survey.
That is across 6,531 rented homes; gross rent is the contract rent plus the utilities and fuels a renter pays separately.
In Coral Gables, the median gross rent went from $1,693 in 2015–2019 to $2,373 in 2020–2024 (+40.2%).
Prices (CPI-U) rose 22.7% over the same years, so it rose faster than prices: a measurable increase after inflation.
Figures last updated on .
- Median gross rent
- $2,373 (±$209)
- Rented homes
- 6,531 (±592)
- $2,000 or more
- 58.8%
- Since 2015–2019
- +40.2%
How much rent costs in Coral Gables
| Monthly gross rent | Coral Gables | Miami-Dade County | Florida | United States |
|---|---|---|---|---|
| Less than $500 | 0.5% (±0.6 points) | 5.7% | 3.6% | 6.3% |
| $500 to $999 | 1.9% (±1.4 points) | 6.3% | 10.7% | 20.2% |
| $1,000 to $1,499 | 14.2% (±3.5 points) | 19.0% | 26.0% | 28.1% |
| $1,500 to $1,999 | 24.5% (±4.5 points) | 28.8% | 28.8% | 21.1% |
| $2,000 to $2,499 | 11.8% (±3.7 points) | 19.5% | 17.4% | 12.0% |
| $2,500 to $2,999 | 14.3% (±5.1 points) | 9.9% | 7.2% | 5.5% |
| $3,000 or more | 32.7% (±5.0 points) | 10.8% | 6.3% | 6.8% |
The most common range is $3,000 or more, paid by 32.7% of renting households.
58.8% of rented homes in Coral Gables cost $2,000 or more a month.
Coral Gables against Miami-Dade County, its state and the nation
| Coral Gables | Miami-Dade County | Florida | United States | |
|---|---|---|---|---|
| Median gross rent | $2,373 (±$209) | $1,829 (±$10) | $1,669 (±$5) | $1,413 |
| Rented homes paying rent | 6,531 (±592) | 451,853 (±5,202) | 2,716,443 (±16,958) | 42,849,984 |
In Coral Gables, median gross rent is higher than in Miami-Dade County ($1,829).
It is also higher than in Florida ($1,669).
It is higher than the national figure ($1,413).
In Miami-Dade County, Coral Gables ranks 11 of 66 places with a published estimate, from highest to lowest median gross rent.
Statewide, it ranks 56 of 793.
Rankings use the estimates alone; where margins of error overlap, neighboring ranks may not truly differ.
How rent in Coral Gables has changed since 2015–2019
| 2015–2019 | 2020–2024 | Amount of change | Verdict | |
|---|---|---|---|---|
| Median gross rent | $1,693 (±$80) | $2,373 (±$209) | +40.2% | Up after inflation |
| Households that rent | 36.5% (±2.5 points) | 35.5% (±2.8 points) | −1.0 percentage points | Not a measurable change |
| Rental vacancy rate | 11.9% (±3.3 points) | 11.4% (±4.2 points) | −0.5 percentage points | Not a measurable change |
The Census Bureau publishes 2015–2019 dollars in 2019 dollars and 2020–2024 dollars in 2024 dollars.
Prices (the CPI-U, US Bureau of Labor Statistics) rose 22.7% between 2019 and 2024, so a dollar figure’s verdict compares the two after raising the earlier one by that much, using the Census Bureau’s test for a difference.
The two periods do not overlap, as the Census Bureau recommends for 5-year estimates.
Median gross rent in places near Coral Gables
| Place | Distance | Median gross rent | Compared with this place |
|---|---|---|---|
| Coral Gables | — | $2,373 (±$209) | — |
| South Miami | 2.7 mi | $1,764 (±$149) | Lower |
| Pinecrest | 3.0 mi | $1,946 (±$173) | Lower |
| Glenvar Heights | 3.8 mi | $1,973 (±$96) | Lower |
| Coral Terrace | 5.1 mi | $1,759 (±$168) | Lower |
| Palmetto Bay | 5.5 mi | $2,101 (±$274) | Not measurably different |
| West Miami | 5.6 mi | $2,210 (±$140) | Not measurably different |
| Olympia Heights | 5.7 mi | $2,124 (±$583) | Not measurably different |
| Sunset | 5.9 mi | $2,118 (±$158) | Not measurably different |
Nearby places with a measurably lower figure: South Miami, FL ($1,764), Pinecrest, FL ($1,946), Glenvar Heights, FL ($1,973).
Distance is measured in a straight line between the Census Bureau’s internal points for each place.
Median gross rent across Miami-Dade County, place by place
| Rank | Place | Median gross rent |
|---|---|---|
| 5 | Doral | $2,669 (±$73) |
| 6 | Miami Shores | $2,657 (±$664) |
| 7 | Richmond West | $2,644 (±$264) |
| 8 | Aventura | $2,513 (±$128) |
| 9 | Westwood Lakes | $2,472 (±$474) |
| 10 | Bay Harbor Islands | $2,442 (±$309) |
| 11 | Coral Gables | $2,373 (±$209) |
| 12 | Three Lakes | $2,361 (±$126) |
| 13 | West Miami | $2,210 (±$140) |
| 14 | The Hammocks | $2,187 (±$67) |
| 15 | North Bay Village | $2,157 (±$107) |
| 16 | Olympia Heights | $2,124 (±$583) |
| 17 | Miami Lakes | $2,120 (±$93) |
Showing 13 of 66 places in Miami-Dade County, ranked from highest to lowest.
Survey years: 2020–2024 (American Community Survey 5-year estimates), compared with 2015–2019.
Margins of error are at the 90% confidence level.
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Questions about Coral Gables
What is the average rent in Coral Gables, FL?
The Census Bureau publishes the median rather than the average: the median gross rent in Coral Gables is $2,373 (±$209) a month (2020–2024 American Community Survey), so half of renting households pay less and half pay more.
How much has rent gone up in Coral Gables?
In Coral Gables, the median gross rent went from $1,693 in 2015–2019 to $2,373 in 2020–2024 (+40.2%).
Prices (CPI-U) rose 22.7% over the same years, so it rose faster than prices: a measurable increase after inflation.
How many rentals in Coral Gables cost more than $2,000 a month?
58.8% of rented homes in Coral Gables have a gross rent of $2,000 or more a month, and 0.5% cost less than $500.
Is rent in Coral Gables higher than in Miami-Dade County?
In Coral Gables, median gross rent is higher than in Miami-Dade County ($1,829).
It is also higher than in Florida ($1,669).
It is higher than the national figure ($1,413).
Is this the rent for an apartment listed today?
No: these are rents households reported paying across 2020–2024, not asking rents for vacant homes, which usually run higher.
Sources
- Selected Housing Characteristics (DP04), 2020–2024 ACS 5-year estimates — Coral Gables city, Florida
- Median Gross Rent (B25064), 2015–2019 ACS 5-year estimates — Coral Gables city, Florida
- Selected Housing Characteristics (DP04), 2015–2019 ACS 5-year estimates — Coral Gables city, Florida
- Consumer Price Index for All Urban Consumers (CPI-U), US city average, all items, US Bureau of Labor Statistics: annual averages 2019 and 2024
To check these figures in the Census Bureau’s own API, request the variables below from the 2024 ACS 5-year data profile (acs/acs5/profile) for Coral Gables city, Florida (place:14250, in state:12).
Each estimate (E or PE) has a margin of error beside it (M or PM).
The 2015–2019 figures are B25064_001E, B25064_001M, DP04_0047PE, DP04_0047PM, DP04_0005E, DP04_0005M from the 2019 release.
The API needs a free key.
DP04_0134E, DP04_0134M, DP04_0126E, DP04_0126M, DP04_0127PE, DP04_0127PM, DP04_0128PE, DP04_0128PM, DP04_0129PE, DP04_0129PM, DP04_0130PE, DP04_0130PM, DP04_0131PE, DP04_0131PM, DP04_0132PE, DP04_0132PM, DP04_0133PE, DP04_0133PM
This product uses the Census Bureau Data API but is not endorsed or certified by the Census Bureau.
Figures are published by the US Census Bureau, HUD, the Bureau of Labor Statistics and the FBI; Seayora reproduces them and does not adjust them, except where a sentence says it compares dollar figures after inflation. They describe the whole place, not any one building or street, and are not an appraisal, a rent determination, a tax bill, a safety rating or legal advice.
Figures last updated on .
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- Population growth in Coral Gables
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- Fair Market Rent in Coral Gables
- Florida landlord and tenant rules
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