$4,250 Per Month
- 3 Beds
- 2 Baths
- 1,396 Sq Ft
- House for Rent
4345 SW 5th Terrace, Coral Gables, FL 33134
4345 SW 5th Terrace, Coral Gables, FL 33134
Frequently Asked Questions
How much does it cost to rent a single-family home in Coral Gables, FL?
The median rent for a single-family home in Coral Gables, FL is $7,000 per month, though prices vary by neighborhood, size, and property type. As of August 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 $180,000 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 $4,500 per month in Coral Gables, FL, renters typically need to show $13,500 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 23.1, 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 single-family home?
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 single-family home include South Miami-Kendall, Lower Riviera, Cocoplum, Sunrise Point and Southwest Coconut Grove, each with its own character and price range.
