Coral Gables, Florida Rental Market Trends
Any shifts in rent prices brought forth by the COVID-19 pandemic are not yet reflected in the statistics on this page. Please bear this in mind when referencing the data below, as it may not accurately describe the current context of the Coral Gables, Florida rental market.
Coral Gables, Florida
Average Apartment Rent
$4,127
Y-o-Y Change in Average
Apartment Rent
1.5%
As of May 2026
Compared to a year ago, Coral Gables, Florida apartments have recorded a 1.5% rent increase.
Coral Gables, Florida Average apartment rent trend
Coral Gables, Florida Average Apartment Rent
Coral Gables, Florida Apartment rent ranges
At 85.16%, apartments priced Over $3,000 represent the bulk of Coral Gables, Florida rentals, while condos priced $1,000 - $1,500 hold the lowest share of the market – 2.02%.
Coral Gables, Florida Housing tenure**
Renters take up 36% of Coral Gables, Florida real estate, occupying a total of 6,771 units, while homeowners live in 12,176 properties.
Median number of rooms of renter-occupied housing units**
3.3
Renter median household income**
$70,078
Average household size of renter-occupied housing units**
1.92
Rental vacancy rate**
9.6%
Coral Gables, Florida Renter-occupied housing units by no. of bedrooms**
There are 2,509 rentals in Coral Gables, Florida with 1 bed making up the highest share of the market, at 37%. Units with 4 beds, on the other hand, hold the lowest percentage (1%), amounting to 92 units. Overall, the median number of rooms in Coral Gables, Florida homes for rent is 3.3.
Coral Gables, Florida Renter-occupied units by age of householder**
Most condos for rent in Coral Gables, Florida are occupied by residents in the 25 - 34 years age group (25%), followed by those in the 45 - 54 years age group (20%). At the same time, people in the 85 years and over age group make up the lowest share of the local rental market – 3%.
Coral Gables, Florida Renter-occupied housing units by family type**
Coral Gables, Florida Renter-occupied housing units by the presence of own children**
A total of 2,874 apartments for rent in Coral Gables, Florida, or 42% of all rentals are family households. Additionally, 16% of rental homes include children under the age of 18 – that’s 1,081 units. All in all, the median size of a renter-occupied household in Coral Gables, Florida is 1.92.
Coral Gables, Florida Renter-occupied housing units by educational attainment**
In terms of education, renters holding bachelor degrees or higher make up 61% of the rental market. In contrast, residents with less than a high school degree reside in 3% of the homes for rent in Coral Gables, Florida.
Coral Gables, Florida Renter-occupied units by year structure built**
The highest share of Coral Gables, Florida apartment rentals, namely 17% or 1,123 units, were Built 1960 - 1969, followed by those Built 2010 - 2019 (15%, 1,020 units), and the ones Built 2000 - 2009 (14%, 962 units).
Coral Gables, Florida Renter-occupied units by year householder moved in**
Median year renter moved into unit 2018
Most Coral Gables, Florida renters (40%) moved in 2018 to 2020, while only 1% of them moved in 1989 or earlier. Overall, the median year renters have occupied their Coral Gables, Florida condos for rent is 2018.
Coral Gables, Florida Renter-occupied housing units by vehicles available**
When it comes to transportation options, 60% of Coral Gables, Florida renters have 1 vehicle available per household, 24% of them have 2 vehicles available, and 10% have No vehicle available.
Coral Gables, Florida Means of transportation to work of householders living in renter-occupied housing units**
Coral Gables, Florida Geographical mobility in the past year for householders living in renter-occupied housing units**
The rental statistics on this page were compiled using data provided by our sister company, Yardi Matrix, an apartment market intelligence solution which offers comprehensive information on all Coral Gables, Florida apartment buildings 50 units or larger. Yardi Matrix covers ~80% of the U.S. metro area population, including over 80,000 properties and 15.2 million apartments across 124 U.S. markets.
*Average single-family rent calculated from point2homes.com data.
**Data sourced from U.S. Census Bureau; American Community Survey, 2022 American Community Survey 5-Year Estimates
