Coral Way renters looking for the least expensive areas to rent should look for the areas towards the red end of the spectrum on the rent cost map. Those who don't mind paying for high-end and luxury apartments should seek out apartments in dark green areas.
On average, the cost of rent in Coral Way is about $1,784 per month. This puts it in the 84th percentile compared to the city average cost of rent, which is $1,735. Households in Coral Way have a median income of $5,583 per month so the average renter in Coral Way is spending roughly 32% of their earnings on housing.
Nationally, and in Coral Way, home values are the data point most closely correlated with the cost of rent. The median price of a home in Coral Way is $469,745 right now, which is lower than nearby neighborhoods, meaning that rents in Coral Way also tend to be lower versus these nearby neighborhoods.
Higher rent prices are common in the southeastern parts of Coral Way while lower rent rates are often available in southern areas.
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