Rental market snapshot for South-West Coconut Grove, Miami
South-West Coconut Grove rental market summary
The rental market in South-West Coconut Grove, Florida is showing signs of growth. In July 2023, there were 35 new listings, which is a significant increase from the previous month. The median rent for July 2023 was $6,800, a 88.9% increase from the previous month and a 70.0% increase from the same time last year. This indicates that the rental market in South-West Coconut Grove is becoming increasingly competitive, with more people looking to rent in the area.
The increasing demand for rental properties in South-West Coconut Grove is likely due to the area's desirable location. The area is close to the beach, has easy access to public transportation, and is home to a variety of restaurants and shops. With the increasing demand for rental properties, it is likely that the median rent will continue to rise in the future. As such, it is important for potential renters to act quickly in order to secure a rental property in the area.
Median rent for all residential properties in South-West Coconut Grove
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The most expensive listings and top trending buildings in South-West Coconut Grove
Most Expensive Listings
Address | Rent Price | Bed / Bath |
---|---|---|
3242 Day Ave | $14,000 | 4 / 6.0 |
3167 Indiana St | $9,900 | 3 / 2.5 |
3092 New York St | $8,500 | 4 / 3.5 |
3264 Bird Rd | $8,500 | 3 / 3.0 |
3012 Elizabeth St | $7,500 | 5 / 4.0 |
Top Trending Buildings
building name | avg rent price |
---|---|
Cornerstone Residential Management LLC | $2,888 |
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Bedroom Breakdown in South-West Coconut Grove
South-West Coconut Grove neighborhood apartments rents
The rental market for studios in South-West Coconut Grove, Florida, is relatively stable. In June 2023, there was only one new studio listing, and the median rent for studios remained relatively unchanged from May 2023, decreasing by only 1.9%. This suggests that the rental market for studios in South-West Coconut Grove is not experiencing any significant changes in terms of availability or pricing.
The rental market for 1-bedroom apartments in South-West Coconut Grove, Florida is relatively stable. In June 2023, there were 5 new 1-bedroom listings, and the median rent for 1-bedroom apartments was $2,895, only a .1% decrease from the median rent in May 2023. This indicates that the rental market in South-West Coconut Grove is not experiencing any significant changes in terms of rent prices.
The rental market for 2-bedroom apartments in South-West Coconut Grove, Florida is relatively stable. In June 2023, there were 10 new 2-bedroom listings, and the median rent for 2-bedroom apartments was $3,530, only a .1% increase from the median rent in May 2023. This indicates that the rental market is not experiencing any significant changes in pricing or availability.