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As of September 2025, Valparaiso's rental market offers competitive rates with average monthly rents ranging from CLP 431,638 for a one-bedroom apartment to CLP 771,808 for a three-bedroom unit in the city center.
The coastal city provides rental yields between 4.6% and 5%, making it an attractive option for both investors and residents seeking affordable living in Chile's cultural capital.
If you want to go deeper, you can check our pack of documents related to the real estate market in Chile, based on reliable facts and data, not opinions or rumors.
Valparaiso's rental market shows steady growth with city center apartments commanding premium prices while peripheral areas offer 25% lower rents.
Short-term rentals average USD $365.95 monthly with 32.6% occupancy rates, while long-term rentals provide more stable income streams for investors.
| Property Type | Average Monthly Rent (CLP) | Location |
|---|---|---|
| Studio | 280,000 - 350,000 | City Wide |
| 1-Bedroom Apartment | 431,638 | City Center |
| 1-Bedroom Apartment | 350,000 - 500,000 | Outside Center |
| 3-Bedroom Apartment | 771,808 | City Center |
| 3-Bedroom Apartment | 450,000 - 1,100,000 | Outside Center |
| House (4 bed, 3 bath) | 267,000 | Casa Blanca Area |
| Short-term Rental | 365.95 USD | Average Monthly |
What's the current average rent in Valparaíso right now?
As of September 2025, the average monthly rent for a furnished 85m² apartment in a normal area of Valparaiso is approximately CLP 475,366, which translates to roughly $500-550 USD.
One-bedroom apartments in the city center average CLP 431,638 per month, while three-bedroom units reach about CLP 771,808 monthly. Properties located outside the city center typically offer lower rental rates.
The Valparaiso rental market has experienced a 3% year-over-year increase in 2025, with central zones and furnished properties seeing the strongest demand. This growth reflects the city's continued appeal as a cultural and educational hub in Chile.
Rental prices vary significantly based on location, with city center properties commanding premium rates due to proximity to amenities, universities, and transportation links.
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How does the rent vary depending on property type?
Studios in Valparaiso range from CLP 280,000 to CLP 350,000 per month, making them the most affordable option for individual renters or students.
One-bedroom apartments show significant variation: CLP 350,000 to CLP 650,000 monthly in the city center, while outside the center they range from CLP 280,000 to CLP 500,000. This represents potential savings of up to 25% by choosing peripheral locations.
Three-bedroom apartments command higher rents, ranging from CLP 550,000 to CLP 1,200,000 monthly in the city center. Outside the center, these units cost between CLP 450,000 and CLP 1,100,000.
Houses offer a different value proposition, with larger properties averaging CLP 185,268 per square foot. A typical four-bedroom, three-bathroom house in the Casa Blanca area rents for approximately CLP 267,000 monthly.
Short-term furnished rentals average USD $365.95 monthly through platforms like Airbnb, with average daily rates of $60.05 and occupancy rates around 32.6%.
What's the breakdown of rent prices by neighborhood in Valparaíso?
The city center commands the highest rental prices in Valparaiso, with one-bedroom apartments averaging CLP 482,600 monthly and three-bedroom units reaching CLP 698,250.
Peripheral areas and neighborhoods outside the center offer significant savings, with rents dropping by up to 25% compared to central locations. One-bedroom apartments in these areas average CLP 430,000 monthly, while three-bedroom units cost around CLP 569,000.
Student neighborhoods and bohemian artistic areas like Cerro Alegre and Cerro Concepción often yield higher rents due to their strong cultural appeal and central accessibility. These historic hills are particularly popular with both locals and international visitors.
Coastal areas near the port and historic districts maintain premium pricing due to their scenic views and proximity to major attractions and universities.
Newer residential developments on the city's outskirts provide modern amenities at more affordable rates, typically offering better value for families seeking space and contemporary features.
How does the average rent change based on property size?
Rental prices in Valparaiso correlate directly with property size, with apartments averaging CLP 187,985 per square foot and houses at CLP 102,622 per square foot.
Smaller properties like studios (typically 30-45m²) offer the best value per square meter for individual renters, while larger apartments become progressively more expensive per unit of space.
Mid-size apartments around 85m² represent the sweet spot for many renters, offering reasonable space at competitive rates of approximately CLP 475,366 monthly when furnished.
Houses generally provide better value per square foot compared to apartments, making them attractive for families or investors seeking maximum space for their rental budget.
The size premium becomes more pronounced in central locations, where space constraints drive up costs significantly compared to suburban areas with more available land.
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What's the total monthly cost including fees and taxes?
Beyond base rent, tenants in Valparaiso face additional monthly costs that can add CLP 200,000 to CLP 300,000 to their housing expenses.
| Cost Category | Monthly Amount (CLP) | USD Equivalent |
|---|---|---|
| Utilities (85m² unit) | 110,000 - 150,000 | $130 |
| Internet | 18,000 - 23,000 | $21 |
| Building fees | 110,000 - 135,000 | $130 |
| Total additional costs | 238,000 - 308,000 | $281 |
| One-bedroom total cost | 600,000 - 800,000 | $640 - $850 |
| Three-bedroom total cost | 850,000 - 1,100,000 | $900 - $1,170 |
Income tax considerations apply to rental income, with progressive rates from 0% to 35% for residential rents exceeding approximately CLP 900,000 monthly.
Building maintenance fees vary significantly based on amenities, with newer complexes featuring pools, gyms, or security services commanding higher monthly charges.
How do mortgage costs compare to rental income for investors?
The mortgage-to-income ratio in Valparaiso stands at approximately 120%, indicating that buyers typically need substantial leverage or significant down payments to purchase investment properties.
Current mortgage rates range from 5% to 7% fixed for 20-year terms, making financing costs a significant factor in investment calculations.
The price-to-rent ratio in the city center is 21.7, suggesting a long break-even period for investors purchasing at current market prices. This high ratio indicates that property prices have outpaced rental growth.
Gross rental yields in Valparaiso average 4.61% in the city center, slightly below the national average of 4.8%. These yields must be weighed against financing costs and maintenance expenses.
It's something we develop in our Chile property pack.
What are the average rents for short-term versus long-term rentals?
Short-term rentals through platforms like Airbnb generate average monthly revenue of USD $365.95, with daily rates averaging $60.05 and occupancy rates of 32.6%.
Long-term rentals provide more stable income streams, with one-bedroom city center apartments averaging CLP 431,638 monthly, offering predictable cash flow for investors.
Short-term rentals can command 5% to 20% higher per-night rates compared to equivalent long-term monthly rates, but occupancy variability creates income uncertainty.
The choice between short and long-term rentals depends on investor priorities: short-term offers higher potential returns but requires active management, while long-term provides stability with lower maintenance demands.
Tourism seasonality significantly affects short-term rental performance, with peak months generating substantially higher occupancy and rates than off-season periods.
Can you give examples of actual rental prices for different properties?
Current market listings provide concrete examples of Valparaiso's rental landscape across various property types and price points.
A 52m² studio with 3 rooms rents for CLP 340,000 monthly, while newly built studios with pool and amenities range from CLP 295,000 to CLP 350,000.
Furnished two-bedroom apartments with utilities included average CLP 475,366 monthly for 85m² of space, representing good value for families or professionals.
Three-bedroom flats in picturesque city center locations command between CLP 698,250 and CLP 1,100,000 monthly, depending on specific amenities and views.
Short-term rental examples include two-bedroom units with panoramic rooftop access renting for approximately $70 per night, equivalent to roughly CLP 62,000 daily.
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.
Who are the main renter profiles in Valparaíso?
Young professionals and students form a significant portion of Valparaiso's rental market, drawn by the city's universities, cultural scene, and vibrant nightlife.
Families seeking spacious homes prioritize safety, proximity to quality schools, and residential neighborhoods with parks and family-friendly amenities.
Digital nomads and short-term visitors prefer furnished studios or apartments centrally located near the coast, valuing walkability and cultural attractions.
Retirees and lifestyle relocators are attracted to Valparaiso's coastal setting, affordable living costs, and rich cultural heritage, often seeking long-term rental arrangements.
International residents, including expats working in nearby Santiago or Viña del Mar, appreciate Valparaiso's lower costs compared to larger metropolitan areas while maintaining reasonable commuting distance.
What are the current vacancy rates across different areas?
While precise Valparaiso-specific vacancy data isn't published, national urban rental vacancy rates range from 6% to 11%, with variation based on neighborhood quality and property type.
Top neighborhoods and well-maintained properties experience the lowest vacancy rates, typically at the lower end of the 6-11% range due to consistent demand.
Outlying areas and basic-class properties face higher vacancy rates, often reaching the upper end of the range as renters prioritize location and amenities.
The short-term rental sector shows different patterns, with Airbnb properties averaging 32% to 36% monthly occupancy, reflecting seasonal tourism fluctuations.
Student housing near universities maintains relatively low vacancy rates during academic periods but may experience higher turnover during summer breaks.
What are the rental yields and forecasts for Valparaíso?
Current gross rental yields in Valparaiso range from 4.6% to 5%, positioning the city competitively within Chile's real estate market.
Five years ago in 2020, yields averaged 3.8% to 4%, indicating improvement driven by rent growth outpacing property price appreciation in recent years.
The one-year trend shows a 0.5% to 0.9% yield improvement, attributed to tourism recovery and accelerated rent growth following the pandemic.
Short-term forecasts suggest yields will remain stable at 4.5% to 5% over the next one to five years, with moderate rent growth balancing property price appreciation.
Ten-year projections indicate continued yield stability with gradual rent growth outpacing inflation, maintaining Valparaiso's attractiveness for income-focused investors.
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How do Valparaíso's rental prices compare with other major Chilean cities?
Valparaiso offers competitive rental rates compared to other major Chilean cities, with one-bedroom apartments averaging $500-550 USD monthly.
| City | 1-Bed Rent (USD) | 1-Bed Rent (CLP) | Gross Yield (%) |
|---|---|---|---|
| Santiago | $530-650 | 460,000-570,000 | 4.2-4.6 |
| Viña del Mar | $482 | 430,000 | 4.7 |
| Valparaiso | $500-550 | 431,638 | 4.6-5.0 |
| Punta Arenas | $380-480 | 330,000-420,000 | 4.0-4.4 |
Valparaiso provides slightly better yields and lower rents than Santiago while remaining more expensive than smaller regional cities like Punta Arenas.
Tourism-driven coastal cities like Viña del Mar and Algarrobo may offer higher short-term rental revenues but with less stable year-round occupancy.
The city's position as a UNESCO World Heritage site and cultural capital provides unique advantages in attracting both long-term residents and short-term visitors.
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.
Valparaiso's rental market in September 2025 presents a balanced opportunity for both investors and residents, with stable yields and moderate growth prospects.
The city's cultural significance, educational institutions, and coastal location continue to drive consistent rental demand across multiple property types and price points.