Cheapest Neighborhoods in Coral Gables, FL
Some of the cheapest neighborhoods in Coral Gables are Douglas, Granada, and Riviera Waterways. These neighborhoods offer some of the lowest rent prices in Coral Gables, making them ideal for renters on a budget. As of July 30, 2026, the average rent in Coral Gables is $2,692, which is 1.4% lower 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.
Douglas
Average Rent
$2,472/Month
Year-Over-Year Rent Change
1.3%
Units Available
50 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.
Granada
Average Rent
$2,661/Month
Units Available
38 Rentals
Granada is an affordable neighborhood in Coral Gables with an average rent price of $2,661. Compare this to the city average of $2,692.
Riviera Waterways
Average Rent
$2,823/Month
Units Available
11 Rentals
If you’re looking for a great, affordable neighborhood in Coral Gables, Riviera Waterways might be the perfect place! It has an average rent price of $2,823, while the city’s average stands at $2,692.
Golden Gate
Average Rent
$2,837/Month
Units Available
38 Rentals
Golden Gate is a top choice for budget-conscious renters for a variety of reasons. The average rent in Golden Gate is $2,837 while the city average is $2,692. Residents enjoy convenient access to Univ. of Miami, Uhealth, Miami International, and 4700-4712 S Le Jeune Rd.
Coral Gables Section
Average Rent
$2,948/Month
Year-Over-Year Rent Change
10.9%
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
$2,962/Month
Units Available
74 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
$3,022/Month
Year-Over-Year Rent Change
3.5%
Units Available
34 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.
Crafts
Average Rent
$3,381/Month
Year-Over-Year Rent Change
0.3%
Units Available
86 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.
Village of Merrick Park
Average Rent
$3,447/Month
Units Available
122 Rentals
When you’re looking for a great Coral Gables neighborhood on a budget, check out Village of Merrick Park. The average rent is $3,447, compared to the city average of $2,692.
Country Club Section
Average Rent
$3,858/Month
Units Available
15 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.
Ready to make your move to Coral Gables? Check out the rent specials, price drops, and great deals on ApartmentFinder.com!
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.