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Coral Terrace, FL rent trends

Average rent in Coral Terrace, FL

$2,369/mo Coral Terrace, FL average rental price, February 2026
Image Average Rent

The average monthly rent of apartments in Coral Terrace, FL is $2,369.

    What's the typical rent budget in Coral Terrace, FL?

    Around 40% of Miami’s apartments are in the $2,501-$3,000 price range. 60% of apartments are priced between $2,001-$2,500.

    The largest share of rentals in Coral Terrace, FL (60%) fall between $2,001-$2,500 per month. This suggests that most people succesfully find suitable apartments within this price.

    Getting around in Coral Terrace, FL

    71 /100
    Very Walkable
    35 /100
    Some Transit
    50 /100
    Bikeable
    Walk Score®: 71, Transit Score®: 35, Bike Score®: 50

    Frequently asked questions

    What is the average rent in Coral Terrace, FL?

    The average rent in Coral Terrace, FL is $2,484.

    What type of rental buildings are in Coral Terrace, FL?

    In Coral Terrace, 40% of the residents are renting compared to 60% owning a home, according to data from the U.S. Census Bureau. Large-scale apartment buildings with more than 50 units represent 13% of Coral Terrace's rentals, 51% are small-scale complexes with under 50 units, and 34% are single-family rentals.

    What do typical apartment communities look like in Coral Terrace, FL?

    The age and size of multifamily buildings are among the most visible characteristics of the rental market in a city. In this case, the apartment buildings in Coral Terrace are about 13 years old, on average. Of these, 79% have been built since 2000, representing the newer options on the market and typically offering more amenities. Rental buildings in the city have an average height of 6 stories. About 40% of the rental communities here are low-rise, garden-style communities, 76% are mid-rises, and none are high-rise buildings. These are true especially for large-scale multifamily buildings with over 50 apartments.

    What apartment floorplans are common in Coral Terrace, FL?

    Rental apartments in Coral Terrace come in a range of sizes and floorplans. Studio apartments represent 11% of units for rent, ideal for singles, renters on a budget and people who value central locations more than space. Rentals with 1-bedroom floorplans make up 44% of the total apartments in the city, while 2-bedroom floorplans represent around 41% of all rentals in Coral Terrace. The rest are larger floorplans with 3 bedrooms or more, typically preferred by families, larger households or roommates sharing space.

    Living in Coral Terrace, FL

    Coral Terrace is strategically located in Miami-Dade County, just a few miles southwest of Downtown Miami and close to the renowned city of Coral Gables. This proximity to major urban centers makes Coral Terrace an appealing option for those looking to rent near Miami but prefer a quieter residential area. The local economy benefits significantly from its closeness to Miami's bustling business districts and the University of Miami, attracting professionals and students alike.

    The area boasts several parks and green spaces, including the popular Coral Pine Park, which offers sports fields, tennis courts, and scenic walking paths. The arts scene in the vicinity is enriched by nearby Coral Gables, known for its galleries and theaters. Historical features are prominent in the surrounding areas, with Coral Gables' iconic Mediterranean Revival architecture influencing Coral Terrace's residential styles.

    Coral Terrace is home to a diverse culinary scene, reflecting the broader Miami area's blend of Latin American and Caribbean influences. Restaurants serving Cuban, Colombian, and Nicaraguan cuisines are particularly prevalent and popular among locals.

    The educational opportunities in Coral Terrace are well-regarded, thanks in part to the proximity of several high-performing Miami-Dade County public schools and private institutions, making it a favorable option for families.

    Renting in Coral Terrace, FL

    Coral Terrace offers a variety of rental options ranging from single-family homes to multi-story apartment complexes. The architectural style in the area largely mirrors the Mediterranean and Spanish influences seen throughout Greater Miami, with stucco exteriors and red-tile roofs being common.

    Renters can find properties close to essential amenities, such as shopping centers, schools, and parks. The neighborhood is particularly appealing to young professionals due to its nearness to Miami's central business district and families because of its quiet, safe streets and reputable schools.

    Things for renting

    Shopping in Coral Terrace, FL

    The shopping options in Coral Terrace include several major shopping centers like the Coral Way Shopping Plaza, which houses a variety of national retail chains and local businesses. For a more unique shopping experience, residents can visit nearby Coral Gables, where boutiques and high-end retailers line the Miracle Mile.

    Common grocery stores in the area include Publix and Winn-Dixie, conveniently located for residents' daily needs. Local retail brands that stand out include gourmet markets and specialty stores offering Latin American food products, catering to the area's diverse population.

    Transportation in Coral Terrace, FL

    Coral Terrace is served by the Miami-Dade Transit system, which provides comprehensive bus routes connecting residents to Downtown Miami, Coral Gables, and beyond. The Metrorail system, while not directly passing through Coral Terrace, is easily accessible in nearby areas, providing efficient transit to major employment centers.

    For those who prefer driving, Coral Terrace offers easy access to several major highways, including the Palmetto Expressway, enhancing connectivity across Miami-Dade County. Miami International Airport is just a short drive away, facilitating regional and international travel.

    Overall, Coral Terrace presents a well-connected, culturally rich renting option for those looking to enjoy the benefits of the Greater Miami area while living in a more subdued environment.

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