Last updated
Average Rent in Coconut Grove & Rent Trends
Rent prices and market trends across 6 apartment communities in Coconut Grove, Miami, FL. Updated daily.
Market Average
$2,952/mo
▼ 11.5% from last month
Lowest Available
$2,275/mo
cheapest unit on market
Communities
6
tracked daily
Units Listed
49
available now
Coconut Grove vs Miami, FL Average
Coconut Grove is cheaper the Miami, FL average by $289/mo (9%). The citywide average is $3,241/mo across all neighborhoods.
Is Rent Going Up or Down in Coconut Grove?
As of July 2026, the average rent in Coconut Grove is $2,952 per month across 6 apartment communities and 49 available units. Rents have decreased $376 (11.5%) over the past month.
The most affordable option is Legacy at The Roads starting at $2,275/mo. By unit type, a studio averages $2,568/mo, a 1-bedroom averages $2,979/mo, a 2-bedroom averages $3,498/mo, a 3-bedroom averages $2,975/mo.
Prices range from $2,275 to $4,350 per month. The most common price point is the $2,600 range, where 13 units are currently listed.
Coconut Grove Rent Price History
View as table
| Month | Avg Rent | Change | Properties |
|---|---|---|---|
| July 2026 | $2,999 | - | 6 |
Average Rent by Bedroom
Rent Price Distribution
Rent by Bedroom Type in Coconut Grove
Rent Prices by Apartment in Coconut Grove
| Property | Starting at | Average | Units | Rating |
|---|---|---|---|---|
| Legacy at The Roads | $2,275/mo | $2,275/mo | 1 | 4.2 |
| Legacy at Brickell | $2,300/mo | $2,300/mo | 1 | 4.2 |
| SoMa at Brickell Apartments | $2,376/mo | $2,852/mo | 24 | 3.9 |
| Camden Brickell Apartments | $2,640/mo | $3,017/mo | 19 | 3.5 |
| Brickell First Apartments | $3,113/mo | $3,113/mo | 1 | 4.5 |
| Brickell View Terrace | $3,395/mo | $3,740/mo | 3 | 4.2 |
Frequently Asked Questions About Rent in Coconut Grove
What is the average rent in Coconut Grove?
Is rent going up or down in Coconut Grove?
What is the cheapest apartment in Coconut Grove?
How much is a 1-bedroom apartment in Coconut Grove?
How many apartments are available in Coconut Grove?
What salary do I need to live comfortably in Coconut Grove?
Built on the 25 to 30 percent rent-to-income guideline used by most landlords and credit-scoring models.
Minimum to afford average rent
$118,000/year
Based on the 30 percent rule, using our tracked average rent of $2,952/mo.
Comfortable income
$142,000/year
Based on the 25 percent rule, leaving more room for savings, transport, and groceries.
To afford the cheapest tracked apartment ($2,275/mo), you need to earn at least $91,000/year.
Median household income in Coconut Grove is $59,390 , about 58% below the comfortable-living threshold.
Cost of living in Coconut Grove
Overall prices in Coconut Grove runs above the national average by about 12% (BEA Regional Price Parity index 112.1, where 100 equals the U.S. average). The breakdown below estimates monthly costs for a single adult, using national consumer-spending baselines from the Bureau of Labor Statistics scaled by Coconut Grove's regional price parities.
| Category | Monthly estimate |
|---|---|
| Rent (market average) | $2,952 |
| Utilities | $673 |
| Groceries | $550 |
| Transportation | $1,605 |
| Healthcare | $783 |
| Other goods and services | $1,253 |
| Estimated total | $7,817/mo |
Population
446,663
Median household income
$59,390
Census median rent
$1,657/mo
Rent as % of income
36.3%
Median age
39.7
Mean commute
27 min
Methodology
Rent data
Sourced directly from each tracked apartment community and refreshed every 24 hours. Every listed unit price on this page is real and listed today.
Cost of living
Estimates combine national consumer-spending baselines from the U.S. Bureau of Labor Statistics (Consumer Expenditure Survey) with the U.S. Bureau of Economic Analysis Regional Price Parities (MARPP dataset). Both are peer-reviewed federal data releases published annually.
Salary to live comfortably
Applies the standard 25 to 30 percent rent-to-income rule on top of the listed rent. This is the same affordability guideline used by most landlords and credit-scoring models.
Demographic figures
Median household income, population, median age, commute time, Census median rent, and rent as percentage of income come from the U.S. Census Bureau's American Community Survey 5-year estimates, the most recent complete release.
Cost of living and demographic figures were last published in 2023.
Google Search Trends for Coconut Grove Apartments
Search interest for apartments in this area over the past 12 months.
Search Interest Over Time
Explore Coconut Grove Apartments
Browse all 6 communities with daily-updated pricing and availability.