Coconut Grove rewards deep pockets, but the range is wide. Typical asking rent in the Grove's 33133 zip stood at $3,646 in September 2026, per Zillow's rent index, while the typical home value hit $1,383,025 the same month. The village takes more money than most of Miami, yet cheaper doors exist inland from the bay.
The Grove is Miami's oldest continuously inhabited neighborhood, per Wikipedia's profile of the area. It runs from Biscayne Bay east to LeJeune Road west, with US 1 and the Rickenbacker Causeway at the north end and North Prospect Drive at the south. Zip code 33133 covers most of it, spilling a little into Coral Way and Coral Gables. The sections below cover rents and purchase prices, then the daily costs around the village.
How much rent does a Coconut Grove apartment cost?
Zillow's observed rent index put the typical asking rent for the zip at $3,646 in September 2026, per the zip-level rent file. That figure blends bay-front towers and older inland walk-ups, so real listings spread on both sides of it. A unit with a water view or a spot near the village center usually prices above the typical. A smaller unit deeper in the neighborhood prices below it. The index moved from $3,564 in March 2026 to a peak of $3,720 in June, per the same file.
What does it cost to buy in the Grove?
Zillow's home value index put the typical Coconut Grove home at $1,383,025 in September 2026, up from $1,242,493 in September 2025, per the zip-level data file. Twenty percent down on the typical value comes to about $276,600, before closing costs. Condos near the water price below the biggest bay-front houses, which is how a typical lands in the middle. Florida's homestead rules and insurance add their own line items, and those vary house by house. The gap between the two Septembers comes to about $140,500 on the typical home, a fast climb by any local standard.
Where does a budget stretch further in the Grove?
Census tabulations split the neighborhood into Northeast and Southwest Coconut Grove, and the two sides sell different lives, per Wikipedia's entry. As a rule, the same budget rents more building inland than it does on the water. Readers following this should also see What rent costs in the different parts of Coconut Grove.
- Northeast Coconut Grove, the bay side: condo towers along Bayshore Drive, Dinner Key Marina, the sailing clubs, and the neighborhood's main parks at the water.
- The Village Center: three blocks around Main, McFarland and Grand Avenues, holding CocoWalk, the Streets of Mayfair, and most of the Grove's restaurants and shops.
- Southwest Coconut Grove, the Grand Avenue corridor: the historic Bahamian side, settled in the 1880s, and home of the Goombay celebration each June.
What does daily life in the Grove cost beyond rent?
Two Metrorail stations, Coconut Grove and Douglas Road, serve the neighborhood, which keeps a downtown commute off the road. The Village Center holds most errands within a short walk for people who live near it. The bay adds free hours along the marina edges and paid options at the sailing clubs. The calendar adds street festivals, from the Coconut Grove Arts Festival to June's Goombay on Grand Avenue. The bay itself shapes weekends: the Coconut Grove Sailing Club, the Biscayne Bay Yacht Club, a municipal marina and Dinner Key Marina all line the eastern border, and Miami City Hall keeps its offices in the old Pan Am terminal at Dinner Key, per Wikipedia's entry. We covered a connected angle in Coral Way: what life costs between Calle Ocho and the Gables line.
Conclusion: shop the block, not the zip code
Coconut Grove Miami searches return one tidy number, but the neighborhood underneath it is a ladder of price points. The typical rent of $3,646 and the typical home value of $1,383,025 in September 2026 describe the middle of that ladder. Northeast blocks near the bay sell water and towers. The Grand Avenue corridor and the inland streets sell older buildings and quieter blocks. Matching the block to the budget is the whole exercise here.
