Most Affordable Neighborhoods in Coral Gables, FL
Some of the cheapest neighborhoods in Coral Gables are Coconut One, Granada, and Douglas. These neighborhoods offer some of the lowest rent prices in Coral Gables, making them ideal for renters on a budget. As of September 13, 2025, the average rent in Coral Gables is $2,590, which is 1.1% higher than last year. However, it's important to remember that rental prices can vary significantly based on factors such as location, amenities, and floor plans.
Coconut One
Average Rent
$2,264/Month
TransitScore® Rating
56/100
Units Available
11 Rentals
If you’re looking for a great, affordable neighborhood in Coral Gables, Coconut One might be the perfect place! It has an average rent price of $2,264, while the city’s average stands at $2,590. Coconut One is near Financial District, Miami Science Museum - Closed, and Brickell (Metromover).
Granada
Average Rent
$2,282/Month
TransitScore® Rating
40/100
Units Available
28 Rentals
Granada is a top choice for budget-conscious renters for a variety of reasons. The average rent in Granada is $2,282 while the city average is $2,590. Residents enjoy convenient access to Univ. of Miami, Uhealth, Miami Intl Airport Ground Level, and Arena/State Plaza. The neighborhood is considered walkable with a WalkScore® of 71.
Douglas
Average Rent
$2,315/Month
Year-Over-Year Rent Change
1%
TransitScore® Rating
44/100
Units Available
67 Rentals
Douglas is a centrally located neighborhood offering a mix of residential homes and commercial spaces. Renters will appreciate the walkability and access to Coral Gables' shopping and dining.
Crafts
Average Rent
$2,819/Month
Year-Over-Year Rent Change
4.6%
TransitScore® Rating
45/100
Units Available
41 Rentals
Crafts is a charming downtown neighborhood filled with palm trees and Mediterranean-style architecture. The Miracle Mile, Coral Gable’s premier shopping, dining, and entertainment hub, is located on the north side of the neighborhood.
Coral Gables Section
Average Rent
$3,156/Month
Year-Over-Year Rent Change
1.2%
TransitScore® Rating
43/100
Units Available
62 Rentals
Coral Gables Section is one of the most popular neighborhoods in the city, known for its beautiful homes and historic charm. Renters will enjoy the proximity to downtown Coral Gables, with its shopping, dining, and cultural attractions.
Upper Riviera
Average Rent
$3,283/Month
TransitScore® Rating
47/100
Units Available
48 Rentals
Wrapped around the University of Miami and home to the Riviera Country Club, Upper Riviera is a popular neighborhood near everything Coral Gables has to offer, including downtown shops, restaurants, and entertainment.
Lower Riviera
Average Rent
$3,340/Month
Year-Over-Year Rent Change
12.8%
TransitScore® Rating
49/100
Units Available
32 Rentals
Lower Riviera is a quiet residential neighborhood located near the University of Miami, offering a mix of historic homes and modern developments. Renters will appreciate the peaceful, tree-lined streets and proximity to local amenities.
Village of Merrick Park
Average Rent
$3,393/Month
TransitScore® Rating
58/100
Units Available
98 Rentals
When you’re looking for a great Coral Gables neighborhood on a budget, check out Village of Merrick Park. The average rent is $3,393, compared to the city average of $2,590. Village of Merrick Park is convenient to Brickell (Metromover), Financial District, and Miami Dade Coll., InterAm.. The community is walkable with a WalkScore® of 89.
Golden Gate
Average Rent
$3,424/Month
TransitScore® Rating
53/100
Units Available
22 Rentals
Golden Gate is an affordable neighborhood in Coral Gables with an average rent price of $3,424. Compare this to the city average of $2,590. Golden Gate provides easy access to Brickell (Metromover), The Barnacle Historic State Park, and Airport Station. It’s a walkable neighborhood with a WalkScore® of 84.
Country Club Section
Average Rent
$3,717/Month
TransitScore® Rating
41/100
Units Available
11 Rentals
Country Club Section is a prestigious neighborhood known for its elegant homes and proximity to the Coral Gables Country Club. Renters will enjoy the luxurious atmosphere and access to golf courses, parks, and fine dining.
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Methodology
Transit Score measures access to public transit. Scores range from 0 (minimal transit) to 100 (rider’s paradise). Learn more about the Transit Score methodology. Rental data is sourced from CoStar Group’s Market Trend reports. As a leading authority in commercial real estate information, analytics, and news, CoStar performs in-depth research to build and sustain an extensive database of commercial real estate insights.
We've combined this data with public records to provide the most current rental information available.