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As of September 2025, the average rent in Bogotá varies significantly by property type and location, with studios averaging COP 1,632,000 ($420) monthly while luxury three-bedroom units in elite districts can reach COP 12,750,000 ($3,280).
The Bogotá rental market shows strong performance with overall rental yields averaging 7.03%, making it competitive within Latin America for property investment opportunities and residential choices.
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Bogotá's rental market offers diverse options from affordable studios at COP 1,632,000 ($420) to luxury units exceeding COP 12,750,000 ($3,280) monthly.
Prime neighborhoods like Chapinero and Usaquén command higher rents but deliver solid rental yields between 6-9%, while emerging areas offer more affordable entry points.
| Property Type | Average Monthly Rent (COP) | Average Monthly Rent (USD) | Typical Size (m²) | Rental Yield Range |
|---|---|---|---|---|
| Studio | 1,632,000 | $420 | 26-44 | 6.5-8.0% |
| One-bedroom | 1,119,000-1,460,000 | $290-$380 | 45-65 | 6.0-7.5% |
| Two-bedroom | 2,110,000-3,200,000 | $550-$825 | 70-95 | 6.5-8.5% |
| Three-bedroom | 3,700,000-8,500,000 | $950-$2,190 | 100-150 | 7.0-9.2% |
| Four+ bedroom | 8,500,000-12,750,000 | $2,190-$3,280 | 150+ | 5.5-7.5% |
What's the current average rent in Bogotá for different property types?
Studios in Bogotá currently rent for an average of COP 1,632,000 ($420) per month, typically ranging from 26 to 44 square meters in size.
One-bedroom apartments show significant variation by location, with modest districts averaging COP 1,119,000 to COP 1,460,000 ($290-$380) monthly, while upscale areas command notably higher prices. Two-bedroom units in sought-after districts like Chapinero or Usaquén range from COP 2,110,000 to COP 3,200,000 ($550-$825) per month.
Three-bedroom apartments start from COP 3,700,000 ($950) and can reach COP 8,500,000 ($2,190) for well-located units. Luxury four-bedroom and larger properties in elite districts command between COP 8,500,000 to COP 12,750,000 ($2,190-$3,280) monthly, representing the premium segment of Bogotá's rental market.
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How do rental prices vary between Bogotá's main neighborhoods?
Usaquén stands as one of Bogotá's most expensive rental districts, with one-bedroom apartments averaging $481 monthly and four-bedroom units reaching $3,560.
Chapinero offers slightly more moderate pricing with one-bedroom units at $427 monthly, two-bedroom apartments at $617, and luxury four-bedroom properties averaging $2,980. Teusaquillo provides middle-range options with one-bedroom apartments between $353-$400 monthly.
More affordable neighborhoods include Suba with one-bedroom units ranging $325-$372 monthly, and Engativá which offers some of the most budget-friendly rental options in the city. Elite areas like Santa Bárbara, Chicó, Zona G, and La Cabrera command premium prices significantly above the city average.
Emerging districts like Suba, Engativá, and Bosa provide excellent value for money, often 30-50% below central district pricing while maintaining good connectivity and amenities.
What's the typical rental price per square meter in Bogotá?
The average rental price per square meter in Bogotá reaches COP 4,500,000 (approximately $1,125) for mid-range apartments as of mid-2025.
Upscale neighborhoods including Chapinero, Santa Bárbara, and Usaquén command COP 5,000,000 to COP 8,000,000 per square meter. Luxury districts like Zona G and La Cabrera can exceed COP 10,000,000 per square meter for premium properties.
Houses typically rent for less per square meter than apartments, averaging COP 4,290,360 per square meter across the city. This pricing difference reflects the greater availability of land and different market dynamics for house rentals versus apartment units.
Budget-friendly areas can offer rental rates as low as COP 3,000,000 per square meter, making them attractive for cost-conscious tenants and investors seeking higher rental yields.
What are the total monthly costs for tenants including all fees?
Beyond base rent, tenants face several additional monthly costs that significantly impact their total housing expenses in Bogotá.
Administration fees range from COP 3,000 to COP 8,000 per square meter monthly, covering building maintenance, security, and common area upkeep. For a typical 70-square-meter two-bedroom apartment, this adds COP 210,000 to COP 560,000 monthly.
Utilities including electricity, water, gas, and internet typically cost COP 200,000 to COP 400,000 monthly for a two-bedroom unit. Maintenance fees add another COP 2,000 to COP 5,000 per square meter monthly.
Property tax obligations of 0.3-1% annually of property value are often passed to tenants, while insurance costs range from COP 500,000 to COP 1,500,000 annually. Total additional costs can add 25-40% to the base rental price.
How do mortgage payments compare to rental income in Bogotá?
Mortgage interest rates in Bogotá currently average between 11-14% annually, making monthly payments typically higher than average rental income unless buyers make substantial down payments.
| Property Value (USD) | Monthly Mortgage (20% down) | Potential Monthly Rent | Rent-to-Mortgage Ratio |
|---|---|---|---|
| $85,000 | $750-$900 | $420-$550 | 0.56-0.73 |
| $120,000 | $1,050-$1,270 | $650-$825 | 0.62-0.79 |
| $180,000 | $1,580-$1,900 | $950-$1,280 | 0.60-0.81 |
| $250,000 | $2,190-$2,640 | $1,400-$1,850 | 0.64-0.84 |
| $350,000 | $3,070-$3,700 | $2,000-$2,650 | 0.65-0.86 |
The average rental yield of 7.03% across Bogotá indicates that rental income generally covers 60-80% of mortgage payments, requiring additional capital investment for cash flow positive properties.
Investors typically need 35-50% down payments to achieve positive monthly cash flow, making Bogotá more suitable for long-term appreciation strategies rather than immediate rental income generation.
Which areas offer the best returns for short-term versus long-term rentals?
Long-term rentals in central and middle-class districts like Chapinero, Teusaquillo, and Usaquén provide reliable annual yields between 5-7% with consistent tenant demand.
Short-term rentals through platforms like Airbnb perform best in tourist zones including La Candelaria, Zona G, and luxury areas, potentially generating 15-25% higher income than long-term rentals during peak seasons. However, these areas face higher vacancy risks and seasonal fluctuations.
Furnished apartments in business districts near international companies and embassies command premium short-term rates but require higher initial investment and ongoing management. Tourist-focused short-term rentals benefit from Bogotá's growing international visitor numbers but face regulatory uncertainties.
Professional districts like Chapinero and Usaquén offer the best balance for flexible rental strategies, performing well in both short-term and long-term markets while maintaining stable demand throughout the year.
Can you provide specific rental examples by location and size?
Studios in Chapinero typically rent between COP 1,400,000 to COP 1,800,000 monthly, offering good connectivity to business districts and universities.
One-bedroom apartments in upscale Usaquén range from COP 1,800,000 to COP 2,200,000 monthly, attracting young professionals and expatriates. Two-bedroom units in central Teusaquillo command COP 2,100,000 to COP 3,400,000 monthly, popular among small families and shared living arrangements.
Three-bedroom apartments in prestigious Chicó start at COP 3,600,000 monthly and can exceed COP 5,000,000 for luxury units with premium amenities. Four-bedroom houses in gated communities within Usaquén or La Calera range from COP 8,000,000 to COP 12,000,000 monthly.
Budget-conscious renters find excellent value in Suba or Engativá, where two-bedroom apartments rent for COP 1,500,000 to COP 2,200,000 monthly while maintaining reasonable commute times to central business districts.
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What are the main renter profiles in Bogotá's market?
Students represent a significant rental segment, primarily seeking studios and one-bedroom units near major universities in areas like Teusaquillo and Chapinero, typically with budgets between COP 800,000 to COP 1,500,000 monthly.
Young professionals dominate the rental market in central districts, particularly in Chapinero and Zona G, seeking modern amenities and proximity to business centers with budgets ranging COP 1,500,000 to COP 3,000,000 monthly.
Families typically require two to three-bedroom units in secure neighborhoods like Usaquén and Santa Bárbara, prioritizing safety, schools, and green spaces with rental budgets between COP 2,500,000 to COP 6,000,000 monthly.
Expatriates and long-term business visitors often seek furnished apartments with flexible lease terms in luxury neighborhoods, willing to pay premium rates of COP 3,000,000 to COP 8,000,000 monthly for convenience and location. This segment drives demand for short-term and corporate housing solutions.
What are the current vacancy rates across different neighborhoods?
Luxury districts including Zona G and La Cabrera experience higher vacancy rates due to shifting demand patterns and economic pressures on high-end rental segments.
Central areas like Chapinero and Usaquén maintain relatively low vacancy rates thanks to continuous demand from professionals, students, and expatriates seeking well-connected locations. The average vacancy rate across Bogotá hovers around 10%, but varies significantly by property class and specific location.
Mid-range neighborhoods show stable occupancy levels with vacancy rates between 8-12%, reflecting steady demand from middle-class tenants and families. Emerging areas like Suba and Engativá experience lower vacancy rates due to their affordability and improving infrastructure.
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Premium developments in established neighborhoods typically achieve faster leasing times, while older buildings or less desirable locations may experience extended vacancy periods exceeding 15-20%.
We did some research and made this infographic to help you quickly compare rental yields of the major cities in Colombia 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 rental yields can investors expect in Bogotá today?
Bogotá's overall rental yield averages 7.03% for apartments as of Q2 2025, making it competitive within Latin American real estate markets.
Usaquén offers rental yields ranging from 6.55% to 9.47% depending on property size, with larger units typically achieving higher yields. Chapinero provides more conservative but stable yields between 6.00% to 6.68% for most property types.
Three-bedroom apartments across Bogotá can achieve yields up to 9.21%, representing some of the strongest performance in the rental market. Studio and one-bedroom units typically yield between 6.5% to 8.0%, while luxury properties in elite districts may yield lower at 5.5% to 7.0%.
Emerging neighborhoods often provide higher gross yields due to lower purchase prices, but investors must factor in potentially higher management costs and longer leasing periods. Well-located properties in established areas offer more predictable yields with lower vacancy risks.
How have rents and yields changed over recent years and what's the forecast?
Over the past year, rents in Bogotá have increased 7-10% while yields remained stable to slightly down due to property price appreciation outpacing rental growth.
The past five years show that real rental prices, adjusted for inflation, have actually decreased slightly, reflecting Colombia's economic volatility and currency fluctuations during this period.
| Time Period | Rent Change | Yield Change | Market Outlook |
|---|---|---|---|
| Past 1 Year | +7% to +10% | Stable to -0.5% | Strong demand, price appreciation |
| Past 5 Years | -2% (inflation-adjusted) | -1% to -2% | Economic volatility impact |
| Next 1 Year | +5% to +8% | Stable | Continued urban growth |
| Next 5 Years | +6% to +9% annually | 6% to 7% | Infrastructure improvements |
| Next 10 Years | +5% to +7% annually | 6% to 7% | Mature market stabilization |
Forecasts suggest moderate rental increases of 5-8% annually over the next year, driven by continued urban growth and infrastructure improvements. Five-year projections indicate steady rental growth of 6-9% annually with yields stabilizing at 6-7% for well-located properties.
Long-term ten-year forecasts expect rental growth to moderate to 5-7% annually as the market matures, with sustained demand in central and well-connected neighborhoods supporting stable investment returns.
How does Bogotá compare to other major Latin American cities?
Bogotá's average rental yield of 7.03% positions it competitively within Colombia's major cities, though slightly below Medellín's 7.78% yield.
Rental pricing shows Bogotá apartments averaging $1,125-$2,000 per square meter, comparable to regional standards but below luxury markets like Cartagena. One-bedroom rental rates of $420-$505 fall between Cali's $285 and Medellín's $712, reflecting Bogotá's position as a balanced market.
| City | Avg. Rental Yield (%) | Price per m² (USD) | 1-bed Rent (USD) | Market Position |
|---|---|---|---|---|
| Medellín | 7.78 | $900-$1,200 | $712 | High yield, premium rents |
| Cali | 7.31 | $700-$900 | $285 | Balanced, affordable |
| Bogotá | 7.03 | $1,125-$2,000 | $420-$505 | Capital premium, stable |
| Barranquilla | 7.00 | $800-$1,100 | $388 | Coastal market, growing |
| Cartagena | 5.71 | $1,250-$1,400 | $684 | Tourist premium, lower yield |
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Bogotá offers competitive yields and rental income potential, particularly for investors seeking capital city stability and long-term appreciation prospects. The city's diverse economy and growing international presence support sustained rental demand across multiple property segments.
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.
Bogotá's rental market presents compelling opportunities for both investors and residents, with competitive yields averaging 7.03% and diverse neighborhood options catering to different budgets and lifestyle preferences.
The market shows strong fundamentals with moderate growth projections, making it attractive for long-term investment strategies while offering residents excellent value compared to other major Latin American capitals.
Sources
- Nestpick - Studio Apartments Bogotá
- International Living - Cost of Living Colombia
- The LatinVestor - Bogotá Property Market
- Global Property Guide - Colombia Rental Yields
- The LatinVestor - Bogotá Average Apartment Prices
- The LatinVestor - Best Areas Bogotá
- The LatinVestor - Bogotá Price Forecasts
- The LatinVestor - Average House Prices Colombia
- The LatinVestor - Bogotá Maintenance Fees
- Alejandro Broker - Colombia Mortgage Rates 2025