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As of September 2025, rental prices in Tegucigalpa continue to vary significantly based on property type and neighborhood location. The Tegucigalpa rental market shows steady demand from students, professionals, and expats, with average apartment rents ranging from $1,010 monthly for one-bedroom units in central areas to $1,500 for luxury condos in upscale neighborhoods like Las Lomas.
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Tegucigalpa rental market offers diverse options with one-bedroom apartments averaging $1,010 monthly and three-bedroom houses around $1,000 in central areas.
Las Lomas and Palmira neighborhoods command the highest rents while suburban areas offer more affordable options between $500-$800 monthly.
| Property Type | Average Monthly Rent | Prime Neighborhoods |
|---|---|---|
| 1-bedroom apartment | $1,010 | El Centro, Zona Rosa |
| 3-bedroom house | $1,000 | Los Proceres, Palmira |
| Luxury condo | $1,200-$1,500 | Las Lomas |
| Suburban house | $500-$800 | Outer residential areas |
| Commercial warehouse | $7,540 (10m²) | Industrial zones |
What is the current average rent in Tegucigalpa by property type?
The Tegucigalpa rental market shows distinct pricing patterns across different property categories as of September 2025.
One-bedroom apartments in central areas average L25,048 monthly, approximately $1,010 at the current exchange rate of 24.8 lempiras per dollar. Three-bedroom apartments in the city center typically rent for around $1,000 monthly, making them surprisingly affordable compared to similar-sized Central American capitals.
Houses in urban areas command similar pricing to apartments, with three-bedroom properties averaging $1,000 monthly in desirable neighborhoods. Suburban houses offer more budget-friendly options, typically ranging between $500-$800 monthly depending on size, condition, and exact location.
Luxury condos in premium neighborhoods like Las Lomas rent between $1,200-$1,500 monthly, representing the top tier of the Tegucigalpa residential market. These properties often include additional amenities and security features that justify the higher pricing.
Commercial properties follow different pricing structures, with warehouse spaces averaging L187,000 monthly for 10-square-meter units, though pricing varies significantly based on location and specific business requirements.
How do rental prices differ across Tegucigalpa's main neighborhoods?
Tegucigalpa's rental market exhibits clear geographic pricing patterns that reflect neighborhood desirability and amenities.
Las Lomas commands the highest rental prices in the city, attracting affluent renters and expats who prioritize upscale amenities and security. This neighborhood consistently delivers premium pricing for both apartments and houses due to its reputation as Tegucigalpa's most prestigious residential area.
El Centro attracts cultural tourists and business travelers, with rental prices reflecting its commercial importance and accessibility to key business districts. Zona Rosa appeals to young professionals seeking nightlife and entertainment options, with rental prices positioned in the mid-range segment.
Los Proceres serves primarily residential families seeking long-term housing, offering competitive pricing for larger properties suitable for family living. Palmira benefits from its proximity to the university, creating steady rental demand from students and academics, which helps maintain stable pricing in this area.
Suburban and outer residential areas provide the most affordable rental options, typically offering 30-40% lower prices than central neighborhoods while still maintaining decent living standards and accessibility to the city center.
What is the typical rent per square meter for different property categories?
Rent per square meter calculations in Tegucigalpa provide valuable insights for comparing property value across different neighborhoods and property types.
Urban condos in central neighborhoods typically rent for $8-$12 per square meter monthly, based on analysis of current listings and average unit sizes. This pricing reflects the premium associated with central location and modern amenities typically found in condo developments.
Apartment rentals in prime areas average between $8-$12 per square meter monthly, with variations depending on building age, amenities, and exact neighborhood location. Properties in Las Lomas and other upscale areas command the higher end of this range.
Houses generally offer better value per square meter compared to apartments, particularly in suburban areas where larger lots and additional outdoor space provide more overall living area. Suburban properties often deliver 20-30% better value per square meter than central apartments.
Commercial properties follow different pricing structures, with warehouse and office spaces varying significantly based on industrial zone location, access to transportation networks, and specific business requirements. It's something we develop in our Honduras property pack.
What is the total monthly cost to tenants, including rent, fees, and taxes?
Understanding the complete monthly housing cost in Tegucigalpa requires examining both rent and additional expenses that tenants typically bear.
Residential property taxes remain the responsibility of property owners rather than tenants, which simplifies the rental cost structure for renters. This arrangement differs from some markets where property taxes are passed through to tenants.
Utility costs typically add $75-$150 monthly to rental expenses, covering water, electricity, and internet services. Most rental agreements place utility responsibilities on tenants, though some landlords include basic services in higher-end properties.
Short-term rental options like Airbnb often include internet, cable, and basic utilities in the quoted price, making them convenient for temporary stays but potentially more expensive for extended periods. Waste collection services are sometimes included in rental agreements but should be confirmed during lease negotiations.
A typical one-bedroom apartment in central Tegucigalpa costs $1,050-$1,200 monthly when including utilities and other essential services, representing a significant portion of the total living expenses for most renters in the city.
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How do mortgage costs compare with current rental income for similar properties?
The relationship between mortgage payments and rental income in Tegucigalpa affects investment decisions for both local and international buyers.
Mortgage rates for foreigners typically range between 10-14%, while local rates average around 16% according to current lending standards. These relatively high interest rates significantly impact the affordability calculation for potential property investors.
Down payment requirements often demand 30-40% of the property value upfront, creating substantial initial capital requirements for property purchases. A $100,000 property loan at 10% interest would require approximately $950 monthly in payments over a 20-year term.
Rental income from similar properties typically generates $800-$1,200 monthly depending on property type and location, creating potential cash flow challenges for highly leveraged purchases. The mathematics favor buyers with significant cash down payments or access to more favorable financing terms.
Investment viability generally requires either substantial down payments to reduce monthly obligations or properties capable of commanding premium rents in desirable neighborhoods where rental income can more effectively cover mortgage obligations.
What are the short-term rental options compared to long-term rentals, and which are more profitable?
Short-term and long-term rental strategies in Tegucigalpa offer different risk-return profiles for property investors and distinct options for renters.
Airbnb properties in Tegucigalpa generate median monthly revenue of $455, with top-performing properties earning $1,316 or more monthly. Average daily rates range between $48-$83 depending on property quality and seasonal demand patterns.
Occupancy rates vary dramatically, with top-performing properties achieving 72% occupancy while median properties only reach 31% occupancy. Peak tourist months boost revenue significantly, but off-peak periods often result in substantial vacancy rates and reduced income.
Long-term rentals typically deliver 4-6% annual yields, with larger and luxury units potentially achieving up to 8% returns. This strategy provides steadier income streams and generally appeals to risk-averse property owners seeking predictable cash flows.
Short-term rentals offer higher profit potential for prime units with active management but require more hands-on involvement and carry greater risk of seasonal income fluctuations. Long-term rentals provide safer, more predictable returns but typically cap potential income at lower levels.
Can you give example rental prices for specific property types?
Specific rental examples help illustrate the current Tegucigalpa market pricing across different property categories and target renter segments.
| Property Type | Monthly Rent (2025) | Typical Neighborhood |
|---|---|---|
| 1-bedroom apartment | L25,048 / $1,010 | El Centro, Zona Rosa |
| 3-bedroom house | $1,000 | Los Proceres, Palmira |
| Luxury condo | $1,200-$1,500 | Las Lomas |
| Suburban house (3BR) | $500-$800 | Outer residential areas |
| Student apartment | $400-$600 | Near university areas |
| Executive apartment | $1,100-$1,400 | Business district |
Who are the typical renter profiles in Tegucigalpa today?
Understanding renter demographics helps explain rental demand patterns and pricing structures across different Tegucigalpa neighborhoods.
Students represent a significant rental segment, particularly in Palmira and areas near universities, typically seeking affordable shared accommodation or small apartments. This demographic drives steady demand for budget-friendly rental options and creates opportunities for investors targeting the student market.
Young professionals concentrate in central districts like Zona Rosa, attracted by proximity to nightlife, restaurants, and business opportunities. This group typically has higher rental budgets and seeks modern amenities and convenient locations.
Expats and NGO workers often gravitate toward upscale, secure neighborhoods like Las Lomas and Palmira, prioritizing safety, modern amenities, and international community access. These renters frequently command higher rental budgets and longer lease terms.
Families typically seek suburban areas and larger apartments that provide good value for space, often prioritizing school access, safety, and family-friendly neighborhood characteristics over central location convenience.
Short-term tourists often utilize Airbnb properties in central or historic zones, creating seasonal demand fluctuations that affect the overall rental market dynamics and pricing strategies.
We did some research and made this infographic to help you quickly compare rental yields of the major cities in Honduras 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 in the city by property type and location?
Vacancy rates across Tegucigalpa provide important indicators of rental market health and investment opportunity assessment.
The general vacancy rate city-wide ranges between 5-8%, with variations based on property age, condition, and location desirability. Newer developments often experience higher initial vacancy rates as they establish market presence and attract tenants.
Premium neighborhoods like Las Lomas maintain lower vacancy rates due to limited supply and consistent demand from affluent renters and expats. These areas typically experience vacancy rates on the lower end of the city-wide range.
Central business districts and university areas generally maintain stable occupancy due to consistent demand from professionals and students, though seasonal fluctuations affect student-oriented properties during academic breaks.
Older buildings and less desirable locations experience higher vacancy rates, particularly those lacking modern amenities or located in areas with security concerns. Property condition and competitive pricing significantly influence occupancy success in these market segments.
Increasing supply from new developments has begun affecting overall market dynamics, with landlords increasingly offering rental incentives and flexible terms to attract and retain quality tenants in competitive market conditions.
What rental yields can owners expect across different neighborhoods and property types?
Rental yields in Tegucigalpa vary significantly based on property type, location, and management approach, affecting investment strategy decisions.
Apartments in central areas typically deliver 4-6% annual yields, with larger and luxury units potentially achieving up to 8% returns when properly managed and strategically priced. These yields reflect the premium pricing these properties can command in desirable locations.
Suburban houses often generate 6-8% yields due to their lower purchase prices relative to rental income potential, making them attractive options for investors seeking higher percentage returns on their property investments.
Short-term rentals in tourist areas can achieve 6-8% yields when well-managed, though this requires active management and carries higher vacancy risk during off-peak seasons. Successful short-term rental operations typically require significant time investment or professional management services.
Yields have been declining slightly due to increased supply and competition among landlords, as new developments create more options for renters and pressure rental pricing in some market segments. It's something we develop in our Honduras property pack.
Prime neighborhoods consistently outperform average market yields, but require higher initial investments and often face more competition from other property investors seeking similar returns in established, desirable areas.
How have rents and yields changed compared to five years ago and one year ago?
Historical rental market trends in Tegucigalpa reveal important patterns for understanding current market conditions and future investment potential.
Rents and property prices have increased 3-7% annually since 2020, reflecting steady demand growth and general inflation pressures affecting the broader Honduran economy. This growth rate has generally outpaced local inflation, creating real appreciation for property owners.
Yields were higher five years ago but have dipped as new developments increase rental options and create more competition among landlords seeking tenants. The increased supply has given renters more choices and negotiating power in many market segments.
One-year changes show moderate rent increases, but landlords increasingly offer rental incentives such as reduced deposits, flexible lease terms, or included utilities to attract tenants in competitive market conditions.
Market dynamics have shifted toward favoring tenants seeking bargains in new or less central developments, while quality units in established, prime areas continue to maintain strong rental performance and pricing power.
The trend toward more rental supply has created opportunities for renters but requires property owners to focus more heavily on property condition, amenities, and competitive positioning to maintain strong occupancy and rental rates.
What are the forecasts for rental prices and yields in Tegucigalpa for the next one, five, and ten years?
Tegucigalpa rental market forecasts suggest evolving dynamics that will affect both property investors and renters over different time horizons.
One-year forecasts indicate continued supply growth with rents likely to stagnate or edge up modestly, as increased competition from new developments pressures rental pricing. Yields may flatten as the market absorbs new inventory and landlords compete more aggressively for tenants.
Five-year projections suggest moderate appreciation in the best districts as population growth and increased investment activity drive demand, though yields will likely stabilize at lower rates unless demand accelerates significantly beyond current supply additions.
Ten-year outlook anticipates slow, steady rental market growth in the capital, with prime areas significantly outpacing less desirable neighborhoods as economic development concentrates in established, well-connected areas of the city.
Regional comparisons show Tegucigalpa rents below Panama City and San Jose levels, comparable to Managua pricing, and above average for secondary Central American cities. This positioning suggests potential for gradual appreciation as the city develops economically.
Market fundamentals favor quality properties in prime locations while challenging owners of older or poorly located properties to compete effectively in an increasingly supply-rich environment. It's something we develop in our Honduras 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.
The Tegucigalpa rental market in September 2025 offers diverse opportunities for both renters and investors, with clear pricing patterns across neighborhoods and property types.
While rental yields face pressure from increasing supply, prime locations continue to deliver solid returns for well-positioned properties with quality amenities and professional management.
Sources
- The LatinVestor - Honduras Real Estate Market
- Expatistan - Cost of Living Tegucigalpa
- Fazwaz - Commercial Real Estate Honduras
- The LatinVestor - Honduras Price Forecasts
- The LatinVestor - Tegucigalpa Price Forecasts
- AirROI - Tegucigalpa Report
- Expat Exchange - Living in Tegucigalpa
- Rentberry - Tegucigalpa Apartments
- Global Property Guide - Honduras Rental Yields
- The LatinVestor - Buy Property Honduras