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Querétaro's rental market offers attractive yields and stable demand across diverse property types. Current rental rates range from MX$8,124 monthly for studios to over MX$53,000 for luxury homes in premium neighborhoods like Juriquilla and Zibatá.
The city attracts students, professionals, expats, and families, creating consistent rental demand across different price segments. With gross yields averaging 5.7-6.13% and strong economic growth, Querétaro presents compelling opportunities for both investors and residents seeking quality rental properties.
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As of September 2025, Querétaro's rental market shows strong fundamentals with median apartment rents at MX$20,600 monthly and gross yields around 6%.
The city's diverse neighborhoods offer rental options from MX$8,000 studios to MX$53,000+ luxury homes, with significant variation by district and property type.
| Property Type | Monthly Rent Range (MX$) | Gross Yield | Target Renter |
|---|---|---|---|
| Studio/1-bedroom | 8,100 - 16,000 | 5.5-6.1% | Students, young professionals |
| 2-bedroom apartment | 16,000 - 30,000 | 5.5-6.2% | Professionals, small families |
| 3-bedroom house | 18,000 - 40,000 | 5.6% | Families, expats |
| Luxury properties | 38,000 - 53,000+ | 3.0-5.8% | Executives, high-income expats |
| Short-term rentals | 7,800 - 22,000 | 6-9% | Tourists, business travelers |
What are the current average rents in Querétaro for different property types?
Querétaro's rental market shows clear price segmentation across property types as of September 2025.
Studios and furnished studios averaging 45m² command MX$8,124 monthly in standard neighborhoods. One-bedroom apartments typically range from MX$8,100 to MX$16,000 depending on location and amenities.
Two-bedroom apartments represent the market's sweet spot with median rents of MX$20,600 monthly, though individual listings average MX$30,200 across the city. The median price per square meter reaches MX$283 for apartments.
Family houses with three to four bedrooms range from MX$40,200 to MX$50,100 monthly. These properties attract families and expats seeking more space and often include gardens or private amenities.
Luxury properties in premium developments like Vista Real can reach MX$53,129 monthly for large luxury houses with high-end finishes and exclusive locations.
How do rental prices vary across Querétaro's neighborhoods?
Querétaro's rental market shows significant neighborhood-based variation, with luxury areas commanding premium rates.
| Neighborhood | Apartment Price per m² | House Price per m² | Character |
|---|---|---|---|
| Tequisquiapan (premium) | MX$52,760 | MX$26,283 | Most expensive, exclusive |
| Juriquilla | MX$29,382 | MX$21,510 | Expat favorite, luxury segment |
| Zibatá | MX$28,285 | MX$23,706 | Upscale, gated communities |
| Santiago de Querétaro | MX$27,891 | MX$22,263 | Main urban center |
| El Marqués | MX$24,182 | MX$22,315 | Mid-range residential |
| La Cañada | MX$21,054 | MX$20,754 | Budget-friendly option |
Tequisquiapan commands the highest rates due to its premium positioning and limited inventory. Juriquilla attracts international residents with modern amenities and proximity to business districts.
What is the typical rent per square meter based on property size?
Querétaro's rental rates per square meter vary significantly based on property type and location.
Median apartment rates reach MX$283 per square meter monthly, with premium apartments commanding up to MX$395 per square meter in high-end buildings. Studios can achieve the highest per-square-meter rates due to their efficient layouts and high demand from young professionals.
Houses typically rent for MX$22,263 per square meter in the urban center, while expat-preferred areas like Juriquilla average MX$21,510 per square meter. The slight premium for urban center houses reflects their proximity to business districts and cultural amenities.
Property size directly impacts per-square-meter pricing, with smaller units achieving higher rates due to the efficiency premium that appeals to single professionals and couples.
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What are the total monthly costs for landlords including all fees?
Landlords in Querétaro face several monthly expenses beyond basic property maintenance.
Property management fees typically range from 8-12% of rental income, with most companies charging around 10%. Some offer flat rates between MX$300-1,000 monthly depending on services provided.
HOA or condominium fees vary widely from MX$1,500 to MX$4,000 monthly, with luxury developments often exceeding these ranges. These fees cover common area maintenance, security, and amenities.
Maintenance costs average MX$0.90-1.30 per square foot annually, translating to approximately MX$20-28 per square meter monthly for typical apartments and houses. This covers routine repairs, cleaning, and upkeep.
For a standard two-bedroom apartment, total monthly costs typically include management fees (MX$2,000-3,000), HOA fees (MX$2,000), maintenance (MX$1,500), plus applicable taxes on rental income ranging from 15-30% with possible deductions.
How do financing costs and mortgage rates affect rental profitability?
Current mortgage rates in Mexico significantly impact rental property profitability for leveraged investors.
Typical mortgage rates currently hover around 10% annual interest for new loans, with standard terms of 15-20 years. These relatively high rates substantially reduce net yields compared to cash purchases.
High financing costs mean cash buyers generally outperform financed investors in terms of net rental returns. The 10% interest rate often consumes a significant portion of gross rental yields, which average 5.7-6.13% in Querétaro.
For investors using financing, careful calculation of debt service coverage becomes crucial to maintain positive cash flow. Properties generating 6% gross yields may struggle to provide meaningful returns after mortgage payments, taxes, and operating expenses.
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What are specific rental examples for different property types in Querétaro?
Concrete rental examples illustrate Querétaro's diverse pricing across property segments.
A standard two-bedroom apartment of 65 square meters in Centro commands MX$16,014 monthly, while the city-wide median for two-bedroom units reaches MX$30,200 monthly reflecting premium locations and amenities.
Family houses ranging from 128-170 square meters typically rent between MX$13,000-38,000 monthly depending on location, condition, and included amenities like gardens, parking, or security features.
Luxury penthouses and high-end homes command MX$38,000-53,129 monthly, offering premium finishes, exclusive locations, and comprehensive amenity packages targeting executive-level tenants.
These examples demonstrate the wide range available to different tenant segments, from budget-conscious professionals to luxury-seeking executives and families.
What is the difference between short-term and long-term rental potential?
Querétaro's rental market offers distinct opportunities for short-term versus long-term strategies.
| Rental Type | Typical Gross Yield | Occupancy Rate | Monthly Income Range | Management Intensity |
|---|---|---|---|---|
| Airbnb (STR) | 6-9% | 42-53% | MX$7,800-22,000 | High - daily management |
| Long-term lease | 4-6% | 95% | MX$16,000-33,000 | Low - monthly management |
| Corporate housing | 5-7% | 80-90% | MX$20,000-35,000 | Medium - weekly management |
| Student housing | 5-6% | 85-95% | MX$8,000-15,000 | Medium - semester management |
Short-term rentals through Airbnb generate higher nightly rates but face significant vacancy periods and increased operational costs including cleaning, marketing, and guest management.
Long-term leases provide stable income with 95% occupancy rates and minimal management requirements, making them attractive for passive investors seeking predictable returns.
Who are the typical renters in Querétaro and what are their budgets?
Querétaro attracts diverse renter demographics with distinct budget ranges and housing preferences.
Students represent a significant segment, typically seeking studios or shared accommodations with budgets of MX$7,000-10,000 monthly. They gravitate toward areas with good transportation links to universities and affordable dining options.
Young professionals working in the city's growing tech and automotive sectors typically budget MX$13,000-25,000 monthly for apartments. They prioritize modern amenities, reliable internet, and proximity to business districts.
Expatriate executives and international professionals command higher budgets of MX$16,000-30,000 monthly for two to three-bedroom apartments or houses. They often seek furnished properties in expat-friendly neighborhoods like Juriquilla.
Mexican families typically budget MX$18,000-40,000 monthly for houses in gated communities, prioritizing safety, schools, and family amenities like gardens and parking.
It's something we develop in our Mexico property pack.
We did some research and made this infographic to help you quickly compare rental yields of the major cities in Mexico 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 the current vacancy rates across property types and areas?
Querétaro maintains relatively low vacancy rates compared to other Mexican cities, reflecting strong rental demand.
Professionally managed properties typically experience 4-6% vacancy rates due to better marketing, tenant screening, and maintenance standards. These properties benefit from professional networks and systematic tenant placement processes.
Self-managed properties face higher vacancy rates of 8-12%, varying significantly by district and property condition. Owners lacking local market knowledge or professional networks often struggle with longer vacancy periods.
Luxury properties experience the highest vacancy rates at 8-15% due to their limited target market and higher tenant expectations. These properties require specialized marketing and often remain vacant longer between tenants.
Student-oriented properties show seasonal variation with peak demand during academic periods and higher vacancies during summer breaks and holiday periods.
What are the gross and net rental yields in Querétaro today?
Querétaro delivers competitive rental yields compared to other major Mexican cities as of September 2025.
Gross rental yields currently average 5.7-6.13% for apartments, matching or exceeding the national average. These yields reflect the city's strong rental demand driven by economic growth and population influx.
Net yields after accounting for management fees, maintenance, taxes, and vacancy average 3.5-4.5% across property types. The reduction from gross to net yields reflects the various costs of property ownership and operation.
Different property segments show yield variation, with standard apartments and family houses generating the most consistent returns around 5.6%. Luxury properties often yield 3.0-5.8% gross due to higher purchase prices relative to rental income.
These yields compare favorably to other investment options in Mexico, particularly given Querétaro's economic stability and growth prospects in the technology and automotive sectors.
How have rents and yields changed over recent years?
Querétaro's rental market has shown steady growth over both short and medium-term periods.
Year-over-year rent increases from 2024 to 2025 range from 3-9% in the city center, with average per-square-meter rates rising approximately 5% overall. This growth reflects continued demand from new residents and limited housing supply.
Over the five-year period from 2019 to 2024, rents have increased 35-39% across most sectors, with industrial properties leading growth due to Querétaro's manufacturing expansion. Residential properties have followed this upward trend driven by population growth.
Rental yields have remained fairly stable around 6%, though slight decreases are expected as property prices have appreciated faster than rents in some segments. This trend reflects strong investment demand for Querétaro real estate.
The rental market has demonstrated resilience through economic cycles, maintaining consistent demand even during challenging periods for other Mexican markets.
What is the forecast for Querétaro's rental market over the next decade?
Querétaro's rental market outlook remains highly positive across multiple time horizons.
Short-term forecasts for the next year predict modest rent growth of 3-5% as the market stabilizes after recent rapid appreciation. Yields are expected to stabilize as property prices align with rental income potential.
Medium-term projections over five years anticipate strong performance driven by continued economic growth and migration to the city. Rents may climb 20-30% by 2030, particularly in central Querétaro and expat-preferred areas like Juriquilla.
Long-term outlook over ten years positions Querétaro to outperform Mexican averages due to its industrial and technology sector growth. The city's prospects appear similar to or better than competing markets like Mérida, León, and Puebla for rental property investors.
Factors supporting growth include ongoing automotive industry expansion, technology sector development, and Querétaro's strategic location between Mexico City and northern manufacturing centers.
It's something we develop in our Mexico property pack.
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.
Querétaro's rental market offers compelling opportunities for both investors and residents, with stable yields, diverse property options, and strong growth fundamentals supporting continued expansion.
The city's economic diversification, strategic location, and growing expat community create sustainable rental demand across all property segments from budget studios to luxury homes.
Sources
- Expatistan - Cost of Living in Querétaro
- Fazwaz - Querétaro Apartment Rentals
- Rentberry - Centro Santiago Apartments
- The Latinvestor - Querétaro Property Market
- Properstar - Querétaro House Prices
- Global Property Guide - Mexico Rental Yields
- Airbtics - Airbnb Revenue in Querétaro
- Global Property Guide - Mexico Price History