$2,850 Per Month
- 1 Bed
- 1 Bath
- 728 Sq Ft
- Condo for Rent
888 S Douglas Rd Unit 1513, Coral Gables, FL 33134
888 S Douglas Rd Unit 1513, Coral Gables, FL 33134
Frequently Asked Questions
How much does it cost to rent a condo in Coral Gables, FL?
The median rent for a condo in Coral Gables, FL is $2,900 per month, though prices vary by neighborhood, size, and property type. As of June 2026, condos tend to be the most affordable option while townhouses and single-family homes are currently more expensive.
How much do you need to make to afford rent in Coral Gables, FL?
To comfortably afford the median rent in Coral Gables, FL, a household needs to earn roughly $192,000 per year. This is based on the common guideline that households should spend no more than 30% of gross income on housing. Most landlords require monthly household income of at least 3x the monthly rent, and with a median rent of $4,800 per month in Coral Gables, FL, renters typically need to show $14,400 per month in gross income to qualify. Actual affordability will vary depending on household debts, other living expenses, and overall budget.
Is it more affordable to rent or buy in Coral Gables, FL?
In Coral Gables, FL, the price-to-rent ratio is 22.5, which generally favors renting. This ratio divides the median home price by the annual median rent: below 15 typically favors buying, 15 to 20 is balanced, and above 20 typically favors renting. Your finances, how long you plan to stay, and costs like mortgage rates, taxes, and maintenance all factor into the decision.
What neighborhoods in Coral Gables, FL are best for renting a condo?
The best neighborhood for renting in Coral Gables, FL depends on your priorities: commute, walkability, budget, and lifestyle all play a role. Popular areas for renting a condo include Southeast Gables, Southwest Coconut Grove, Central Coral Gables, Coral Gables Section and Coral Way, each with its own character and price range.
