Most Affordable Neighborhoods in Coral Gables, FL
Some of the cheapest neighborhoods in Coral Gables are Granada, Coconut One, and Douglas. These neighborhoods offer some of the lowest rent prices in Coral Gables, making them ideal for renters on a budget. As of June 14, 2025, the average rent in Coral Gables is $2,589, which is 0.8% 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.
Granada
Average Rent
$2,289/Month
TransitScore® Rating
40/100
Units Available
23 Rentals
Granada is a top choice for budget-conscious renters for a variety of reasons. The average rent in Granada is $2,289 while the city average is $2,589. Residents enjoy convenient access to Airport Station, Miami Science Museum - Closed, and Sense of Wonder Nature Center and A.D. Barnes Park. The neighborhood is considered walkable with a WalkScore® of 71.
Coconut One
Average Rent
$2,292/Month
TransitScore® Rating
56/100
Units Available
13 Rentals
When you’re looking for a great Coral Gables neighborhood on a budget, check out Coconut One. The average rent is $2,292, compared to the city average of $2,589. Coconut One is convenient to Miracle Mile, Univ. of Miami, Uhealth, and Miami Science Museum - Closed. The community is walkable with a WalkScore® of 85.
Douglas
Average Rent
$2,410/Month
Year-Over-Year Rent Change
0.7%
TransitScore® Rating
44/100
Units Available
42 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.
Baker Homestead
Average Rent
$2,675/Month
Year-Over-Year Rent Change
1.1%
TransitScore® Rating
27/100
Units Available
13 Rentals
Baker Homestead is a well-established neighborhood offering spacious homes and a suburban feel. Renters will enjoy the proximity to parks, schools, and local shopping centers. The area provides a peaceful atmosphere while still being close to downtown Coral Gables.
Sunrise Point
Average Rent
$2,675/Month
TransitScore® Rating
27/100
Units Available
13 Rentals
Sunrise Point is a waterfront neighborhood offering beautiful views and easy access to outdoor activities like boating and fishing. Renters will appreciate the serene atmosphere and proximity to parks and local amenities. The neighborhood is ideal for those seeking a quiet, coastal lifestyle.
Crafts
Average Rent
$2,940/Month
Year-Over-Year Rent Change
0.7%
TransitScore® Rating
45/100
Units Available
46 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
$3,344/Month
Year-Over-Year Rent Change
2.5%
TransitScore® Rating
43/100
Units Available
63 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.
Lower Riviera
Average Rent
$3,379/Month
Year-Over-Year Rent Change
10.4%
TransitScore® Rating
49/100
Units Available
20 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.
Upper Riviera
Average Rent
$3,428/Month
TransitScore® Rating
47/100
Units Available
70 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.
Golden Gate
Average Rent
$3,486/Month
TransitScore® Rating
53/100
Units Available
40 Rentals
Golden Gate is an affordable neighborhood in Coral Gables with an average rent price of $3,486. Compare this to the city average of $2,589. Golden Gate provides easy access to Fort Lauderdale/Hollywood International, The Barnacle Historic State Park, and Financial District Metromover Station. It’s a walkable neighborhood with a WalkScore® of 84.
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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.