What is the average rent in Argentina?

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What are the average rental prices in Argentina for different property types?

Rental prices in Argentina vary significantly by property type and location, with Buenos Aires commanding the highest rates across all categories.

In Buenos Aires, studios range from $300 to $500 monthly, with affordable options in Villa Lugano around $300 and premium locations in Palermo reaching $500. One-bedroom apartments typically cost $400 to $700, with neighborhoods like Belgrano averaging $470 and upscale Recoleta reaching $614. Three-bedroom apartments span $800 to $1,500, with luxury Puerto Madero units commanding $1,047 while Palermo averages $569.

Outside Buenos Aires, rental prices drop considerably while still offering good investment potential. Córdoba presents one-bedroom apartments at $300 to $500 and three-bedroom units at $600 to $900. Mendoza shows similar patterns with one-bedroom apartments ranging $350 to $600 and three-bedroom properties reaching $700 to $1,200. Rosario offers the most affordable market with one-bedroom apartments starting at just $240 to $400.

Houses in suburban areas of Buenos Aires like Tigre typically rent for $600 to $1,200 monthly, offering more space for families while maintaining reasonable commuting distance to the city center.

It's something we develop in our Argentina property pack.

Which cities and neighborhoods have the highest and lowest average rents right now?

Puerto Madero stands as Argentina's most expensive rental neighborhood, averaging $994 monthly, followed by premium areas like Palermo at $655 and Recoleta at $614.

Within Buenos Aires, the rental hierarchy clearly favors upscale neighborhoods with international appeal. Puerto Madero tops the list due to its modern infrastructure, waterfront location, and high concentration of luxury apartments. Palermo maintains strong rental demand from both locals and expats, particularly in sub-neighborhoods like Palermo Soho and Palermo Hollywood. Recoleta attracts tenants seeking classic architecture and cultural proximity.

On the affordable end, Villa Lugano offers the lowest rents in Buenos Aires at $425 monthly, making it attractive for budget-conscious renters. Liniers follows at $525, while La Boca, despite its tourist appeal, maintains relatively affordable rents at $526. These neighborhoods provide access to Buenos Aires amenities while keeping housing costs manageable.

Outside Buenos Aires, Córdoba's Nueva Córdoba represents the premium segment for the city, while General Paz offers more affordable options. In Mendoza, the city center commands $400 to $700 monthly while outskirt areas start at $300 to $500. As we reach mid-2025, these patterns remain consistent with slight increases in tourist-heavy areas.

How does rent change based on surface area and property size?

Rental rates in Argentina correlate directly with property size, with Buenos Aires showing clear pricing tiers based on square meterage.

In Buenos Aires city center, rent per square meter ranges from $5 to $15, while areas outside the center show $3 to $8 per square meter. This pricing structure reflects both location premiums and the efficiency of smaller units. Studios and one-bedroom apartments typically command higher per-square-meter rates due to their popularity among young professionals and expats.

Larger properties show economies of scale but target different market segments. Three-bedroom apartments appeal to families and executives, justifying higher absolute rents despite competitive per-square-meter pricing. Properties exceeding 120 square meters enter luxury territory with premium pricing regardless of location efficiency.

What are typical monthly rental costs including all fees and utilities?

Total monthly housing costs in Argentina extend beyond base rent to include utilities, internet, and various fees that can add $65 to $110 to your monthly budget.

For a typical one-bedroom apartment in Buenos Aires with $550 base rent, expect additional monthly expenses of $50 to $80 for utilities covering electricity, water, and gas. Internet service adds another $15 to $30 monthly, depending on speed and provider. This brings total monthly housing costs to approximately $615 to $660 for a one-bedroom unit.

Larger properties naturally incur higher utility costs, with three-bedroom apartments potentially reaching $80 to $120 in monthly utilities. Premium neighborhoods often include additional building fees for security, maintenance, and amenities that can add $30 to $50 monthly. Some luxury buildings in Puerto Madero or Palermo may include utility costs in rent, simplifying budgeting for tenants.

Regional variations affect utility costs significantly, with Córdoba and Mendoza showing 20-30% lower utility expenses compared to Buenos Aires. As of June 2025, energy costs remain subsidized but are gradually increasing, potentially affecting these calculations in coming months.

What are the average gross and net rental yields by city and property type?

Argentina's rental yields vary significantly by location, with smaller cities outperforming Buenos Aires in gross returns despite lower absolute rental income.

Buenos Aires shows a gross rental yield of 4.88%, with neighborhood variations ranging from Palermo's strong 5.79% to more modest returns in premium areas. Net yields typically fall to 2.5-3.5% after accounting for taxes, maintenance, and management costs. Within Buenos Aires, smaller properties like studios and one-bedroom apartments achieve higher yields of 6-9% in high-demand areas due to consistent rental demand from young professionals and expats.

Córdoba leads provincial cities with impressive 6.45% gross yields, translating to 4.5-5.5% net returns. The city's Nueva Córdoba neighborhood achieves remarkable 7.2% gross yields, driven by university demand and growing professional population. Rosario shows more modest 4.19% gross yields with 2-3% net returns, while Mendoza's tourism appeal generates solid 6.6% yields for well-positioned properties.

Property type significantly impacts yields across all cities. Smaller units consistently outperform larger properties, with studios and one-bedroom apartments yielding 6-9% in tourist and professional areas while larger three-bedroom units typically achieve 4-6% returns. This pattern reflects Argentina's demographic trends and housing preferences.

It's something we develop in our Argentina property pack.

How have rental prices and yields evolved over the past 5 years?

Argentina's rental market experienced dramatic changes over the past five years, with nominal rent increases of 52% in 2024 alone offset by devastating 102% inflation that reduced real rental income.

The period from 2020 to 2025 witnessed significant regulatory shifts affecting rental dynamics. Rent control policies initially suppressed market activity, creating artificial shortages and reducing available inventory. However, the December 2023 repeal of rent controls under President Milei triggered immediate market responses, with rental supply increasing by 170% while real rents declined by 40% as the market corrected.

Rental yields evolved from 4.64% in 2021 to the current national average of 5.98% in 2025, reflecting both supply normalization and inflation adjustments. This improvement in yields occurred despite challenging economic conditions, demonstrating the rental market's resilience and adjustment capacity. Buenos Aires yields improved from approximately 4.2% to 4.88% during this period.

The regulatory environment dramatically shaped market outcomes, with the 2023 policy changes creating one of the most significant rental market transformations in recent Latin American history. As we reach mid-2025, the market shows signs of stabilization with more balanced supply-demand dynamics and clearer pricing mechanisms.

What are the forecasts for rental prices and yields over the next 1, 5, and 10 years?

Short-term rental forecasts for Argentina show expected growth of 8-12% in premium Buenos Aires neighborhoods over the next 1-2 years, driven by increased foreign investment and economic stabilization.

Premium areas like Palermo Soho are likely to see accelerated rent growth as international buyers and expat renters return to the market following policy stabilization. This growth will primarily benefit well-located properties in established neighborhoods with strong infrastructure and international appeal. Secondary cities like Córdoba and Mendoza should experience more modest 5-7% annual growth, supported by steady domestic demand.

Medium-term projections for 5 years suggest rental market stabilization if inflation successfully moderates to target levels. Yields could reach 7% in emerging neighborhoods like Villa Crespo as gentrification continues and infrastructure improves. Buenos Aires rental growth should moderate to 3-5% annually, while provincial cities maintain steady 4-6% growth supported by internal migration and economic development.

Long-term 10-year forecasts depend heavily on Argentina's macroeconomic stability and continued free-market policies. Successful inflation control could establish Argentina as a premier Latin American rental investment destination, with Buenos Aires potentially achieving yields comparable to regional leaders like Mexico City or São Paulo. However, economic volatility remains the primary risk factor affecting these projections.

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What are the average vacancy rates for rental properties by region and property type?

Argentina's rental vacancy rates have improved dramatically since 2023, with Buenos Aires showing current rates of 13-15%, down from crisis levels of 200,000 empty units in 2022.

The vacancy rate improvement directly correlates with rent control removal, which eliminated artificial market distortions and encouraged property owners to return units to the rental market. Buenos Aires leads this recovery, with premium neighborhoods like Palermo and Recoleta showing vacancy rates below 10% due to strong international and domestic demand.

Property type significantly affects vacancy patterns across Argentina. Studios and one-bedroom apartments maintain the lowest vacancy rates at 8-12% in major cities, driven by consistent demand from young professionals, students, and expats. Two-bedroom units show moderate 12-15% vacancy rates, while larger three-bedroom properties experience 15-20% vacancy rates due to their specific family market targeting.

Regional variations reflect local economic conditions and population dynamics. Córdoba maintains healthy 10-12% vacancy rates supported by university enrollment and growing professional services sector. Mendoza shows seasonal variations with 8-15% vacancy depending on tourism cycles, while Rosario demonstrates stable 12-14% rates reflecting its industrial economic base.

Who are the typical renters and what are their rental preferences?

Argentina's rental market serves three primary renter categories: expats and international professionals, local students and young professionals, and short-term tourists seeking temporary accommodation.

Expats and international professionals typically prefer furnished one to two-bedroom apartments in established neighborhoods like Palermo, Recoleta, and Belgrano. These renters prioritize modern amenities, reliable internet, proximity to international schools or business districts, and neighborhoods with English-speaking services. They often accept higher rents for convenience and security, making them attractive tenants for property investors.

Local students represent a significant market segment, particularly in university cities like Buenos Aires, Córdoba, and La Plata. These renters often seek shared housing arrangements or smaller studios near campus areas, prioritizing affordability and public transportation access over luxury amenities. University neighborhoods consistently show strong rental demand throughout academic years.

Tourist renters focus on short-term accommodations in central Buenos Aires, particularly areas with cultural attractions, restaurants, and nightlife. These renters pay premium rates for furnished properties with flexible lease terms, making them profitable for property owners willing to manage higher turnover and provide hospitality services.

It's something we develop in our Argentina property pack.

What's the best rental strategy today: short-term vs long-term leases?

Current market conditions favor a hybrid rental strategy, with short-term rentals offering 8-12% yields in tourist areas while long-term leases provide 4-6% returns with greater stability.

Short-term rental strategies excel in Buenos Aires tourist zones like Palermo, San Telmo, and Puerto Madero, where international visitors pay premium rates for furnished accommodations. These properties generate higher gross yields but require significant management effort including cleaning, guest communication, and marketing. Regulatory uncertainty remains a concern as local governments consider tourism rental restrictions.

Long-term lease strategies work best in residential neighborhoods like Belgrano, Villa Crespo, and Núñez, where local professionals and families seek stable housing. These arrangements provide predictable monthly income with minimal management requirements but generate lower absolute returns. Long-term leases offer protection against economic volatility and regulatory changes affecting short-term rentals.

The optimal approach combines both strategies through medium-term rentals targeting expats and digital nomads seeking 3-6 month accommodations. This hybrid model captures higher rates than traditional leases while avoiding intensive daily management requirements. Properties near business districts or international schools particularly benefit from this approach, balancing profitability with operational simplicity.

We did some research and made this infographic to help you quickly compare rental yields of the major cities in Argentina versus those in neighboring countries. It provides a clear view of how this country positions itself as a real estate investment destination, which might interest you if you're planning to invest there.

What are real-life rental income examples for different property types and cities?

Practical rental examples demonstrate the income potential across Argentina's major markets, with location and property type significantly affecting returns.

A one-bedroom apartment in Buenos Aires' Palermo neighborhood typically generates $600 monthly rental income with a gross yield of 5.8% based on current property values. These properties attract both local professionals and international renters, providing consistent occupancy rates above 85% throughout the year. Management costs including utilities, maintenance, and occasional vacancy typically reduce net yields to approximately 4.2%.

In Córdoba's Nueva Córdoba district, a three-bedroom house commands approximately $710 monthly rent, achieving a gross yield of 5.2% due to lower property acquisition costs. These properties appeal to families and university faculty, offering stable long-term rental relationships with lower turnover costs. The university proximity ensures consistent demand, making Córdoba an attractive market for buy-and-hold investors.

Mendoza city center studios generate around $450 monthly with impressive 6.6% gross yields, reflecting the city's tourism appeal and wine industry employment. These properties benefit from both tourism seasons and local professional demand, creating year-round rental opportunities. The combination of tourism and local market provides diversification against seasonal fluctuations.

Regional examples demonstrate that smaller Argentine cities often outperform Buenos Aires in yield terms while requiring lower initial investment, making them attractive for investors seeking higher returns with appropriate risk management.

How do current rental yields in Argentina compare to other Latin American markets?

Argentina's rental yields remain competitive within Latin America, though they lag behind high-growth markets like Colombia and Mexico while outperforming more mature markets like Chile.

Argentina's 4.88% Buenos Aires yield positions it near regional averages but below high-growth markets like Bogotá's exceptional 8.2% returns. However, Argentina's recent policy reforms and currency stabilization efforts could improve its competitive position as economic conditions normalize. The country's educated population, infrastructure quality, and cultural appeal provide fundamental advantages over purely yield-focused markets.

Córdoba's 6.45% yields actually exceed many major Latin American cities, suggesting that Argentine secondary markets offer compelling opportunities for investors willing to diversify beyond capital cities. The combination of lower property costs and steady rental demand creates attractive risk-adjusted returns in these markets.

Currency considerations significantly impact international investor returns, with Argentina's peso volatility creating both opportunities and risks compared to more stable currencies in Chile or Mexico. However, recent economic reforms suggest potential for improved currency stability, which could enhance Argentina's investment appeal relative to regional competitors.

Conclusion

This article is for informational purposes only and should not be considered financial advice. Readers are advised to consult with a qualified professional before making any investment decisions. We do not assume any liability for actions taken based on the information provided.

Sources

1. Buenos Aires Rent Prices by Neighborhood
2. ExpatsBA Neighborhood Rental Costs
3. Numbeo Cost of Living Argentina
4. Global Property Guide Argentina Rental Yields
5. Aparthotel Average Rent Analysis
6. BA Times Rent Increase Report
7. TheLatinvestor Argentina Real Estate Market
8. LatinVex Rent Control Analysis
9. Rio Times Real Estate Revival
10. TheLatinvestor Price Forecasts