Authored by the expert who managed and guided the team behind the Chile Property Pack
Yes, the analysis of Santiago's property market is included in our pack
If you're looking to rent out a property in Santiago or simply want to understand what tenants are paying right now, you're in the right place.
We've gathered the latest rental data for Santiago in 2026, breaking down prices by apartment size, neighborhood, and tenant type so you can make informed decisions.
This article is updated regularly to reflect the most current market conditions in Santiago's rental market.
And if you're planning to buy a property in this place, you may want to download our pack covering the real estate market in Santiago.
Insights
- Studio apartments in Santiago rent for around 280,000 CLP per month in January 2026, which is roughly 7 UF when you convert using Chile's inflation-linked currency unit.
- The eastern comunas of Santiago (Las Condes, Vitacura, Lo Barnechea) command rental premiums nearly three times higher than the city average, with tickets around 24 UF per unit.
- Occupancy rates in Santiago's small apartment segment have reached 98% as of late 2025, leaving only about 2% vacancy and creating strong upward pressure on rents.
- Rentals in well-connected Santiago neighborhoods like Providencia and Ñuñoa get leased in under 30 days on average, while outer comunas like Maipú can take over 50 days.
- One-bedroom apartments dominate Santiago's rental supply in 2026, reflecting strong demand from singles and couples who make up the largest tenant group.
- Santiago rents are expected to grow between 2% and 4% nominally in 2026, which means roughly flat in real terms if inflation stays near the Central Bank's 3% target.
- The UF (Unidad de Fomento) sits at 39,732 CLP as of the first half of 2026, and most Santiago leases are priced in UF to protect both landlords and tenants from inflation.
- Parking and storage (bodega) are the amenities that add the most value to Santiago rentals, especially in dense central comunas where street parking is scarce.
What are typical rents in Santiago as of 2026?
What's the average monthly rent for a studio in Santiago as of 2026?
As of early 2026, the average monthly rent for a studio apartment in Santiago is around 280,000 CLP, which works out to approximately $310 USD or €280 EUR at current exchange rates.
In practice, most studios in Santiago rent somewhere between 200,000 CLP ($220 USD / €200 EUR) on the low end and 400,000 CLP ($445 USD / €400 EUR) on the high end, depending on location and condition.
The main factors that cause studio rents to vary within Santiago are the comuna (neighborhood), proximity to Metro stations, building amenities like security and gym access, and whether the unit comes furnished or unfurnished.
What's the average monthly rent for a 1-bedroom in Santiago as of 2026?
As of early 2026, the average monthly rent for a 1-bedroom apartment in Santiago is approximately 370,000 CLP, equivalent to about $410 USD or €370 EUR.
Most 1-bedroom apartments in Santiago fall within a realistic range of 280,000 CLP ($310 USD / €280 EUR) to 500,000 CLP ($555 USD / €500 EUR), with the spread reflecting significant differences between neighborhoods.
The cheapest 1-bedroom rents in Santiago tend to be found in comunas like San Miguel, Macul, and La Florida, while the most expensive are concentrated in Las Condes, Providencia, and Vitacura where rents can easily exceed 600,000 CLP.
What's the average monthly rent for a 2-bedroom in Santiago as of 2026?
As of early 2026, the average monthly rent for a 2-bedroom apartment in Santiago is around 540,000 CLP, which translates to approximately $600 USD or €540 EUR.
The realistic range for 2-bedroom apartments in Santiago runs from about 400,000 CLP ($445 USD / €400 EUR) in more affordable comunas up to 800,000 CLP ($890 USD / €800 EUR) or more in premium eastern neighborhoods.
For budget-conscious renters, 2-bedroom apartments in Santiago comunas like Estación Central, Quinta Normal, and Recoleta offer the lowest prices, while Vitacura, Lo Barnechea (La Dehesa), and Las Condes (El Golf area) sit at the top of the market.
By the way, you will find much more detailed rent ranges in our property pack covering the real estate market in Santiago.
What's the average rent per square meter in Santiago as of 2026?
As of early 2026, the average rent per square meter in Santiago is approximately 10,400 CLP, which equals about $11.50 USD or €10.50 EUR per square meter per month.
Across different Santiago neighborhoods, rent per square meter ranges from around 7,000 CLP ($7.80 USD / €7 EUR) in outer comunas to over 15,000 CLP ($16.70 USD / €15 EUR) in premium areas like Vitacura and Las Condes.
Compared to other major Chilean cities, Santiago's rent per square meter runs higher than Valparaíso or Concepción, though it remains more affordable than many Latin American capitals like Buenos Aires or Mexico City when adjusted for local purchasing power.
Properties in Santiago that push rent per square meter above average typically feature parking spaces, storage units (bodegas), building amenities like pools or gyms, recent construction, and prime locations near Metro stations or commercial corridors.
How much have rents changed year-over-year in Santiago in 2026?
As of early 2026, rents in Santiago have increased by approximately 2% year-over-year in nominal terms, which means they've stayed roughly flat when adjusted for inflation.
The main factors driving rent changes in Santiago this year include extremely tight occupancy rates (around 98% for small apartments), stable demand from young professionals and singles, and inflation hovering near the Central Bank's 3% target.
This year's modest rent increase in Santiago represents a recovery from 2024, when some portal data showed rents declining by around 4% year-over-year as the market cooled before stabilizing in late 2025.
What's the outlook for rent growth in Santiago in 2026?
As of early 2026, rents in Santiago are projected to grow between 2% and 4% nominally over the year, which translates to roughly 0% to 1% in real terms if inflation stays around 3%.
The key factors likely to influence Santiago rent growth include the Central Bank's monetary policy keeping inflation near target, continued strong occupancy rates putting a floor under prices, and steady demand from the growing young professional tenant base.
Neighborhoods in Santiago expected to see the strongest rent growth include well-connected comunas like Ñuñoa, Providencia, and San Miguel, where Metro access and lifestyle amenities keep demand consistently high.
Risks that could push Santiago rent growth above or below projections include unexpected inflation spikes that would lift UF-linked rents faster, economic slowdowns that could dampen tenant demand, or a surge in new multifamily supply that could ease the current tight vacancy situation.
We have made this infographic to give you a quick and clear snapshot of the property market in Chile. It highlights key facts like rental prices, yields, and property costs both in city centers and outside, so you can easily compare opportunities. We’ve done some research and also included useful insights about the country’s economy, like GDP, population, and interest rates, to help you understand the bigger picture.
Which neighborhoods rent best in Santiago as of 2026?
Which neighborhoods have the highest rents in Santiago as of 2026?
As of early 2026, the three neighborhoods with the highest average rents in Santiago are Vitacura, Lo Barnechea (especially La Dehesa), and Las Condes (particularly El Golf and the Sanhattan corridor), where typical rents exceed 950,000 CLP ($1,055 USD / €950 EUR) per month for a 2-bedroom apartment.
These premium Santiago neighborhoods command higher rents because they offer larger unit sizes, top-tier security, proximity to elite schools and international companies, abundant green spaces, and an overall perception of safety and exclusivity.
The tenant profile in these high-rent Santiago neighborhoods typically includes senior executives, diplomats, expat families on corporate packages, and wealthy Chilean families who prioritize space, prestige, and access to high-end services.
By the way, we've written a blog article detailing what are the current best areas to invest in property in Santiago.
Where do young professionals prefer to rent in Santiago right now?
The top three neighborhoods where young professionals prefer to rent in Santiago are Providencia (especially around Manuel Montt and Los Leones), Ñuñoa (near Plaza Ñuñoa and the Irarrázaval corridor), and Las Condes (along the Apoquindo office corridor).
Young professionals in these Santiago neighborhoods typically pay between 350,000 CLP ($390 USD / €350 EUR) and 550,000 CLP ($610 USD / €550 EUR) per month for a 1-bedroom or small 2-bedroom apartment.
What attracts young professionals to these Santiago neighborhoods includes direct Metro access (Lines 1, 3, and 5), walkable streets with restaurants and cafes, proximity to major employers in the financial and tech sectors, and a vibrant social scene without the premium prices of Vitacura.
By the way, you will find a detailed tenant analysis in our property pack covering the real estate market in Santiago.
Where do families prefer to rent in Santiago right now?
The top three neighborhoods where families prefer to rent in Santiago are La Reina (quiet residential streets with parks), Ñuñoa (strong services and larger units), and Las Condes (school access and security for higher budgets).
Families renting 2-3 bedroom apartments in these Santiago neighborhoods typically pay between 600,000 CLP ($665 USD / €600 EUR) and 1,000,000 CLP ($1,110 USD / €1,000 EUR) per month, depending on unit size and specific location.
Features that make these Santiago neighborhoods attractive to families include larger apartment floor plans, proximity to quality schools (both public emblematic schools and private bilingual options), green spaces and parks, lower street noise than central comunas, and strong community infrastructure.
Top-rated schools near these family-friendly Santiago neighborhoods include Colegio Nido de Águilas and Lincoln International School in Lo Barnechea/Las Condes, Liceo Manuel de Salas in Ñuñoa, and various well-regarded municipal schools in La Reina.
Which areas near transit or universities rent faster in Santiago in 2026?
As of early 2026, the top three areas near transit or universities that rent fastest in Santiago are the Irarrázaval corridor in Ñuñoa (Metro Lines 3 and 5), Providencia around Manuel Montt and Los Leones (Metro Line 1), and Macul near Universidad de Chile's Beauchef campus.
Properties in these high-demand Santiago areas typically stay listed for only 15 to 25 days on average, compared to the citywide average of around 30 days and much slower outer comunas where listings can sit for 50 or more days.
The rent premium for properties within walking distance of Metro stations or major universities in Santiago runs approximately 10% to 15% higher than comparable units farther from transit, adding roughly 40,000 to 60,000 CLP ($45-65 USD / €40-60 EUR) to monthly rents.
Which neighborhoods are most popular with expats in Santiago right now?
The top three neighborhoods most popular with expats in Santiago are Providencia (especially the restaurant and Metro corridors), Las Condes (El Golf and Apoquindo areas), and Vitacura (around Nueva Costanera and the Bicentenario park area).
Expats renting in these Santiago neighborhoods typically pay between 500,000 CLP ($555 USD / €500 EUR) and 1,200,000 CLP ($1,330 USD / €1,200 EUR) per month, depending on apartment size and whether furnished options are selected.
Features that make these Santiago neighborhoods attractive to expats include English-speaking services, international supermarkets and restaurants, walkable streets with a cosmopolitan feel, easy access to embassies and multinational offices, and strong safety perception.
The expat communities most represented in these Santiago neighborhoods include professionals from the United States, Spain, Argentina, Brazil, and various European countries, often working in mining, finance, tech, or diplomatic roles.
And if you are also an expat, you may want to read our exhaustive guide for expats in Santiago.
Get fresh and reliable information about the market in Santiago
Don't base significant investment decisions on outdated data. Get updated and accurate information with our guide.
Who rents, and what do tenants want in Santiago right now?
What tenant profiles dominate rentals in Santiago?
The top three tenant profiles that dominate the rental market in Santiago are singles and couples seeking 1-bedroom apartments, young professionals prioritizing Metro access and lifestyle amenities, and students or early-career renters looking for affordable options near universities or transit.
In terms of market share, singles and couples represent roughly 50% of Santiago's rental demand, young professionals account for about 25%, and students and families split the remaining 25% between them.
Singles and couples in Santiago typically seek compact 1-bedroom apartments (30-45 m²) near Metro and nightlife, young professionals look for modern 1-2 bedroom units (40-60 m²) with building amenities, while families require 2-3 bedroom apartments (65-90 m²) near schools and parks.
If you want to optimize your cashflow, you can read our complete guide on how to buy and rent out in Santiago.
Do tenants prefer furnished or unfurnished in Santiago?
In Santiago, approximately 75% of long-term tenants prefer unfurnished apartments, while about 25% opt for furnished rentals, though this split varies significantly by neighborhood and tenant profile.
The typical rent premium for furnished apartments in Santiago ranges from 80,000 to 150,000 CLP ($90-165 USD / €80-150 EUR) per month above unfurnished equivalents, representing roughly a 20% to 30% increase.
Tenant profiles in Santiago that prefer furnished rentals include expats on short corporate assignments, visiting academics, digital nomads, and young professionals relocating from other Chilean cities who want move-in-ready convenience.
Which amenities increase rent the most in Santiago?
The top five amenities that increase rent the most in Santiago are a dedicated parking space, private storage (bodega), 24/7 security with controlled access, in-building gym or pool, and central heating or good thermal insulation.
In terms of rent premiums in Santiago, parking adds approximately 40,000 to 60,000 CLP ($45-65 USD / €40-60 EUR) monthly, bodega adds 15,000 to 25,000 CLP ($17-28 USD / €15-25 EUR), quality security adds 20,000 to 30,000 CLP ($22-33 USD / €20-30 EUR), building amenities add 25,000 to 40,000 CLP ($28-45 USD / €25-40 EUR), and good heating adds 15,000 to 25,000 CLP ($17-28 USD / €15-25 EUR).
In our property pack covering the real estate market in Santiago, we cover what are the best investments a landlord can make.
What renovations get the best ROI for rentals in Santiago?
The top five renovations that get the best ROI for rental properties in Santiago are kitchen refreshes (countertop, sink, modern faucet, better lighting), bathroom updates (new shower, vanity, improved ventilation), durable flooring replacement, fresh paint with modern neutral colors, and improved interior lighting fixtures.
For typical Santiago apartments, a kitchen refresh costs 800,000 to 1,500,000 CLP ($890-1,665 USD / €800-1,500 EUR) and can increase rent by 25,000 to 40,000 CLP monthly; bathroom updates cost 600,000 to 1,200,000 CLP ($665-1,330 USD / €600-1,200 EUR) for a 20,000 to 35,000 CLP monthly increase; and paint with lighting runs 300,000 to 600,000 CLP ($335-665 USD / €300-600 EUR) for a 15,000 to 25,000 CLP monthly boost.
Renovations that tend to have poor ROI and should be avoided by Santiago landlords include luxury finishes that exceed neighborhood standards, structural changes that don't add bedrooms, and high-end appliances in budget-oriented comunas where tenants won't pay the premium.
We did some research and made this infographic to help you quickly compare rental yields of the major cities in Chile 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.
How strong is rental demand in Santiago as of 2026?
What's the vacancy rate for rentals in Santiago as of 2026?
As of early 2026, the overall vacancy rate for rental properties in Santiago sits between 2% and 6%, depending on the property segment, with small apartments at around 2% vacancy and larger multifamily units at approximately 4% to 6%.
Across different Santiago neighborhoods, vacancy rates range from under 2% in high-demand comunas like Providencia and Ñuñoa to around 8% to 10% in some newer multifamily buildings still in their initial lease-up phase.
The current vacancy rate in Santiago is lower than the historical average of roughly 5% to 7%, reflecting the exceptionally tight market conditions that have developed since late 2024 as demand has outpaced new supply.
Finally please note that you will have all the indicators you need in our property pack covering the real estate market in Santiago.
How many days do rentals stay listed in Santiago as of 2026?
As of early 2026, rentals in Santiago stay listed for an average of approximately 30 days before being leased, though this figure has improved from longer averages seen in prior years.
Across different property types and neighborhoods in Santiago, days on market range from as few as 15 to 20 days in high-demand areas like Providencia and central Ñuñoa, to over 50 days in less-connected comunas like Maipú, and occasionally up to 150 days for overpriced or poorly located listings.
Compared to one year ago, the current days-on-market figure in Santiago represents an improvement, as the market has tightened and well-priced units in desirable locations are now leasing faster than during the softer period of 2024.
Which months have peak tenant demand in Santiago?
The peak months for tenant demand in Santiago are March through April (when the university and work year kicks off), July through August (mid-year job changes and semester breaks), and December through January (end-of-year transitions and summer moves).
The specific factors driving seasonal demand patterns in Santiago include the academic calendar (universities start in March), corporate hiring cycles that concentrate in Q1 and Q3, and the Chilean summer holiday period when many leases naturally turn over.
The months with the lowest tenant demand in Santiago are typically May through June and September through November, when fewer people are actively relocating and landlords may need to be more competitive on pricing or offer incentives to fill vacancies.
Buying real estate in Santiago can be risky
An increasing number of foreign investors are showing interest. However, 90% of them will make mistakes. Avoid the pitfalls with our comprehensive guide.
What will my monthly costs be in Santiago as of 2026?
What property taxes should landlords expect in Santiago as of 2026?
As of early 2026, landlords in Santiago should expect to pay annual property taxes (contribuciones) that vary widely based on the property's fiscal assessed value, with typical apartments incurring anywhere from 200,000 CLP ($220 USD / €200 EUR) to over 1,500,000 CLP ($1,665 USD / €1,500 EUR) per year.
The realistic range of annual property taxes in Santiago runs from zero for lower-value properties that fall under exemption thresholds, up to 2,000,000 CLP ($2,220 USD / €2,000 EUR) or more for high-value apartments in premium comunas like Vitacura or Las Condes.
Property taxes in Santiago are calculated by applying a rate to the fiscal assessed value (avalúo fiscal) determined by SII (Chile's tax authority), and the rate varies based on property type and value bracket, with payments due in four quarterly installments throughout the year.
Please note that, in our property pack covering the real estate market in Santiago, we cover what exemptions or deductions may be available to reduce property taxes for landlords.
What utilities do landlords often pay in Santiago right now?
The utilities that Santiago landlords most commonly pay on behalf of tenants are gastos comunes (building common expenses covering maintenance, security, and shared utilities), which can run from 40,000 to 150,000 CLP ($45-165 USD / €40-150 EUR) monthly depending on building amenities.
Individual utility costs in Santiago that landlords sometimes cover include water at approximately 15,000 to 30,000 CLP ($17-33 USD / €15-30 EUR) monthly, though electricity (30,000 to 80,000 CLP), gas (15,000 to 40,000 CLP), and internet (20,000 to 35,000 CLP) are almost always the tenant's responsibility.
The common practice in Santiago is for tenants to pay all individual utilities (electricity, water, gas, internet) while landlords either include gastos comunes in the rent or pass them through as a separate charge, with "all-inclusive" arrangements more common for furnished short-term rentals targeting expats.
How is rental income taxed in Santiago as of 2026?
As of early 2026, rental income in Santiago is generally subject to Chile's progressive personal income tax (Impuesto Global Complementario), with rates ranging from 0% to 40% depending on the landlord's total annual income bracket, though specific treatment depends on individual circumstances.
The main deductions landlords in Santiago can claim against rental income include property depreciation, mortgage interest, property taxes (contribuciones), repair and maintenance expenses, building common expenses (gastos comunes) if paid by the landlord, and property management fees.
Common tax mistakes that Santiago landlords should avoid include failing to declare rental income when required (even small amounts may trigger obligations), not keeping proper receipts for deductible expenses, confusing UF-denominated income with CLP for tax purposes, and missing the annual Operación Renta deadline in April.
We cover these mistakes, among others, in our list of risks and pitfalls people face when buying property in Santiago.
We made this infographic to show you how property prices in Chile compare to other big cities across the region. It breaks down the average price per square meter in city centers, so you can see how cities stack up. It’s an easy way to spot where you might get the best value for your money. We hope you like it.
What sources have we used to write this blog article?
Whether it's in our blog articles or the market analyses included in our property pack about Santiago, we always rely on the strongest methodology we can … and we don't throw out numbers at random.
We also aim to be fully transparent, so below we've listed the authoritative sources we used, and explained how we used them and the methods behind our estimates.
| Source | Why it's authoritative | How we used it |
|---|---|---|
| Banco Central de Chile - UF Series | This is the central bank's official daily time series for UF, the inflation-linked unit most Chilean rents reference. | We used it to convert all UF-based rent figures into CLP for January 2026. We also ensured consistency across sources by using this single authoritative UF value. |
| Banco Central de Chile - IPoM December 2025 | This is the central bank's flagship monetary policy report containing official inflation and growth forecasts. | We used it to anchor our 2026 rent growth outlook to official inflation projections. We cross-checked the narrative with the simplified public summary. |
| BDO Chile - Multifamily Report 3Q 2025 | This is a recurring, methodology-described market report from a major professional services firm covering Greater Santiago. | We used its ticket (UF/unit) and canon (UF/m²) data as our quantitative backbone for typical rents. We translated those figures into studio, 1BR, and 2BR estimates using typical unit sizes from the same dataset. |
| TOCTOC Blog - Rental Velocities | TOCTOC is one of Chile's leading real estate data platforms with measured listing-day metrics. | We used it to estimate typical days-on-market across Santiago comunas. We also used their speed data to identify which neighborhoods rent fastest. |
| TOCTOC Blog - Santiago Rental Speed | This article provides concrete, commune-level examples with specific days-to-rent figures. | We used it for real named examples like Maipú versus better-connected comunas. We translated their speed metrics into practical neighborhood guidance for readers. |
| 24Horas - Rental Speed by Comuna | This is a major national outlet providing specific quantitative figures with named market sources. | We used it as a cross-check on average days to rent and the range of slower comunas. We triangulated it with TOCTOC's own days-listed approach. |
| GRI Institute - Market Radar | This clearly attributes occupancy rates to TOCTOC's InfoRenta data and provides segment breakdowns. | We used it to translate occupancy into an implied vacancy rate range for 2026. We cross-checked with BDO's multifamily occupancy numbers. |
| La Tercera / Pulso - Occupancy Report | This is a major newspaper explicitly attributing the 98% occupancy statistic to a TOCTOC report. | We used it as independent confirmation that occupancy is very tight and prices have stabilized. We incorporated this into our rent-growth outlook assumptions. |
| Diario Estrategia - Tinsa/Accumin Data | This attributes specific rent levels and quarterly changes to a named consultancy (Tinsa by Accumin). | We used it as a second private-sector benchmark for average monthly rent levels in the Metropolitan Region. We cross-checked against BDO's UF-based figures. |
| SII - Property Valuation Portal | This is the official tax authority entry point for property valuation and property taxes (contribuciones). | We used it to describe how property taxes are administered in Chile. We paired it with ChileAtiende and TGR to explain payment mechanics. |
| ChileAtiende - Contribuciones Guide | ChileAtiende is the official government service portal written in plain language for citizens. | We used it to explain what contribuciones are and the payment schedule in simple terms. We turned that into a practical budgeting checklist for landlords. |
| Tesorería General de la República | TGR is the government body that collects taxes and this page explains the calculation and due dates. | We used it to explain the mechanics of how the rate is applied to assessed value. We triangulated with ChileAtiende to keep the explanation reader-friendly. |
| SII - Rental Income Assistant | This is an official SII tool page stating the obligation to declare rental income when applicable. | We used it to explain the pathway for declaring rental income for individuals. We kept the explanation general and pointed readers to SII's own assistant. |
| SII - FAQ on Rental Income | This is an official, dated FAQ maintained by Chile's tax authority. | We used it to state the baseline rule that rental income must be declared. We paired it with the assistant page so readers have both rule and practical path. |
Get the full checklist for your due diligence in Santiago
Don't repeat the same mistakes others have made before you. Make sure everything is in order before signing your sales contract.
Related blog posts