Which are the most expensive and cheapest neighborhoods to rent in Buenos Aires

Post available in: English

In the month of January 2019, the average rent in the city of Buenos Aires rose by 1.9%. However, over the past year, the increases were 10 points less than inflation leading to poor returns for landlords.

After a year in which they ended with increases below inflation, rents began in 2019 with a rise of 1.9%  according to a survey conducted by the property website ZonaProp. “In 2018, rents closed with a rise of 38%, 10 points less than accumulated inflation, while the UVA loan shares were located closer to the inflationary value, with an accumulated 45.4%.

The Zonaprop report

“Currently, a two-room apartment in the City has an average value of $ 13,649, for a three-room, the average is $ 19,109. The neighborhoods with the highest increase were Puerto Madero, San Cristóbal and Chacarita, with increases above 47% in the last 12 months, “said Federico Barni, executive director of Navent, the company that owns ZonaProp.

The document also indicates that the average real estate profitability of the city is 3.3% gross annual, with a repayment period of 30 years. Monserrat, Constitución and San Cristóbal were the best neighborhoods for investors seeking better yields.

According to the survey, 80% of the neighborhoods of the City of Buenos Aires have an average rent value that is between $ 12,700 and $ 14,800 per month. “There are very few neighborhoods where you can find rentals for less than $ 12,000,” says the survey. If you take as a reference a two-room apartment, at the top end, is Puerto Madero, with average rentals of $ 23,345, followed by Las Cañitas with $ 17,526, and Palermo with $ 17,077.

Meanwhile, Villa Urquiza, with an average of $ 14,553, Almagro ($ 14,042), San Nicolás ($ 13,650), Abasto ($ 13,140) and Boedo ($ 12,762), are in the middle price range.

Finally, the most economical neighborhoods of the City are Liniers ($ 11,552), Floresta ($ 11,473) and Constitución ($ 10,117).

Source: La Cronista (translated)

Note: prices quoted are in Argentine Pesos. ( currently around 38 to 1 USD.

Contact the Gateway to South America team to learn about the best investment opportunities in the region. The company is a benchmark for foreign investors wishing to invest in Argentina, Brazil, Chile, Paraguay, Peru and Uruguay, providing expert advice on property acquisition.


(Visited 1,303 times, 1 visits today)

About Gateway to South America

Established in 2006, Gateway to South America began as a single office in Buenos Aires. Since then, it has grown into a vibrant regional network, providing professional real estate marketing services to clients in Argentina, Brazil, Chile, Paraguay, Peru, and Uruguay. If you enjoy reading our news site, please share it on your social media!

Post available in: English


Comments from our readers

Real Estate and Investment News from South America
Visit us on LinkedInVisit us on FacebookVisit us on TwitterVisit us on Pinterest