South Coconut Grove 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 South Coconut Grove is about $1,669 per month. This puts it in the 78th percentile compared to the city average cost of rent, which is $1,735. Households in South Coconut Grove have a median income of $7,465 per month so the average renter in South Coconut Grove is spending roughly 22% of their earnings on housing.
Nationally, and in South Coconut Grove, home values are the data point most closely correlated with the cost of rent. The median price of a home in South Coconut Grove is $804,221 right now, which is lower than nearby neighborhoods, meaning that rents in South Coconut Grove also tend to be lower versus these nearby neighborhoods.
Higher rent prices are common in the southeastern parts of South Coconut Grove while lower rent rates are often available in northwestern areas.
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