Authored by the expert who managed and guided the team behind the Mexico Property Pack
Get all the data you need about the real estate market in Cabo San Lucas
Cabo San Lucas rents in 2026 are still high by Mexican coastal standards, but the market is now more selective than during the strongest post-pandemic years.
We constantly update this blog post so the Cabo San Lucas rent figures stay useful for buyers, landlords and long-term renters.
The main point is simple: a normal long-term apartment in Cabo San Lucas in 2026 usually rents around MXN 18,000-28,000 per month, with higher prices near the Marina, El Médano, Pedregal and premium El Tezal.
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 Cabo San Lucas.
What are typical rents in Cabo San Lucas as of 2026?
A typical long-term apartment rent in Cabo San Lucas in 2026 is about MXN 24,000 per month, which is roughly USD 1,300 or EUR 1,200.
Most standard long-term apartments in Cabo San Lucas in 2026 sit between MXN 18,000 and MXN 28,000 per month, or about USD 970-1,510 and EUR 900-1,400.
Small inland units can still be cheaper, while furnished condos in El Tezal, Sunset, Marina-adjacent areas, Cabo Bello and El Médano can easily move above MXN 30,000 per month.
What's the average monthly rent for a studio in Cabo San Lucas as of 2026?
As of 2026, the average monthly rent for a studio in Cabo San Lucas is about MXN 14,000, or roughly USD 760 and EUR 700.
In practice, most studios in Cabo San Lucas rent between MXN 10,000 and MXN 18,000 per month, or about USD 540-970 and EUR 500-900.
This range is wide because a small local studio inland is not the same product as a furnished studio near Centro, the Marina, El Médano or tourist-facing parts of Cabo San Lucas.
What's the average monthly rent for a 1-bedroom in Cabo San Lucas as of 2026?
As of 2026, the average monthly rent for a 1-bedroom apartment in Cabo San Lucas is about MXN 19,000, or roughly USD 1,030 and EUR 950.
Most 1-bedroom apartments in Cabo San Lucas rent between MXN 15,000 and MXN 24,000 per month, or about USD 810-1,300 and EUR 750-1,200.
The cheapest 1-bedroom rents are usually in local inland pockets such as Brisas del Pacífico, Los Cangrejos, Lienzo Charro and Ildefonso Green, while the highest 1-bedroom rents are closer to El Médano, Marina, Pedregal, Cabo Bello and premium El Tezal.
What's the average monthly rent for a 2-bedroom in Cabo San Lucas as of 2026?
As of 2026, the average monthly rent for a 2-bedroom apartment in Cabo San Lucas is about MXN 25,000, or roughly USD 1,350 and EUR 1,250.
Most 2-bedroom apartments in Cabo San Lucas rent between MXN 18,000 and MXN 32,000 per month, or about USD 970-1,730 and EUR 900-1,600.
The cheapest 2-bedroom rents are more common in Los Cangrejos, Brisas del Pacífico, Portales and some Centro-adjacent local areas, while the most expensive 2-bedroom rents are in Pedregal, El Médano, Marina, Cabo Bello, the Tourist Corridor, Sunset and upper El Tezal.
By the way, you will find much more detailed rent ranges in our property pack covering the real estate market in Cabo San Lucas.
What's the average rent per square meter in Cabo San Lucas as of 2026?
As of 2026, the average rent per square meter in Cabo San Lucas is about MXN 240 per m² per month, or roughly USD 13 and EUR 12 per m².
The realistic range across Cabo San Lucas is about MXN 180-320 per m² per month, or roughly USD 10-17 and EUR 9-16 per m².
This makes Cabo San Lucas more expensive than many inland Mexican cities, but still uneven because local inland housing and tourist-facing furnished condos are almost two separate rental markets.
Rent per square meter in Cabo San Lucas usually moves above average when the unit is furnished, secure, close to the beach or Marina, has parking, has strong air conditioning, or offers a terrace, pool, gym or ocean view.
How much have rents changed year-over-year in Cabo San Lucas in 2026?
As of 2026, average long-term residential rents in Cabo San Lucas are probably up about 6%-8% year over year.
The main reasons are population growth, strong demand from workers and families, limited practical housing supply, higher housing prices, and steady demand from remote workers and foreign residents.
Compared with the previous year, rent growth in Cabo San Lucas in 2026 looks less explosive and more selective, with stronger pressure on affordable local units than on expensive furnished condos.
What's the outlook for rent growth in Cabo San Lucas in 2026?
As of 2026, the base-case rent growth outlook for Cabo San Lucas is about 4%-7% over the next 12 months.
The main drivers are population growth, tourism employment, construction activity, foreign-resident demand, remote work and the shortage of practical long-term housing near jobs and services.
The strongest rent growth should be in El Tezal, Sunset, Centro-adjacent areas, Los Cangrejos, Brisas del Pacífico and other neighborhoods where workers, families and mid-market tenants can still pay.
The main risk is that overpriced furnished condos in Marina, El Médano, Pedregal or the Corridor may grow more slowly if international tourism demand softens or if owners ask vacation-rental prices for long-term leases.
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Which neighborhoods rent best in Cabo San Lucas as of 2026?
The best rental neighborhoods in Cabo San Lucas in 2026 are El Tezal, Sunset, Centro, Marina-adjacent Cabo San Lucas, El Médano, Pedregal, Cabo Bello, Los Cangrejos, Brisas del Pacífico and Lienzo Charro.
El Tezal is the most balanced long-term rental area because it combines newer condos, parking, services, highway access and a wide tenant pool.
Which neighborhoods have the highest rents in Cabo San Lucas as of 2026?
As of 2026, the top three highest-rent neighborhoods in Cabo San Lucas are Pedregal at about MXN 45,000-70,000+ per month, El Médano at about MXN 35,000-60,000, and Marina at about MXN 30,000-55,000, equal to roughly USD 1,620-3,780+ and EUR 1,500-3,500+ depending on the unit.
These premium Cabo San Lucas neighborhoods command high rents because they offer beach access, views, security, walkability, restaurants, nightlife, marina access, prestige and furnished condos that appeal to foreign renters.
The typical tenant in these high-rent Cabo San Lucas areas is an expat couple, retiree, executive, remote worker, seasonal resident or high-income Mexican renter who pays for convenience and lifestyle.
By the way, we’ve written a blog article detailing Sources and methodology: we compared premium listings on Lamudi, Vivanuncios and Trovit. We treated the highest asking rents as aspirational unless the location and amenities supported them. We also used our own neighborhood-level rent map.
Where do young professionals prefer to rent in Cabo San Lucas right now?
Young professionals in Cabo San Lucas prefer El Tezal, Sunset and Centro because these neighborhoods offer the best balance between rent, commute, services and lifestyle.
Young professionals usually pay about MXN 15,000-28,000 per month in these Cabo San Lucas neighborhoods, or roughly USD 810-1,510 and EUR 750-1,400.
These areas attract young professionals because they offer parking, supermarkets, gyms, restaurants, highway access, shorter drives to hotels and offices, and more affordable rents than Marina or El Médano.
By the way, you will find a detailed tenant analysis in our property pack covering the real estate market in Cabo San Lucas.
Where do families prefer to rent in Cabo San Lucas right now?
Families in Cabo San Lucas usually prefer El Tezal, Los Cangrejos and Brisas del Pacífico because these areas offer more space, easier parking and better everyday access than the most tourist-heavy zones.
Families usually pay about MXN 20,000-40,000 per month for 2-3 bedroom apartments in these Cabo San Lucas neighborhoods, or roughly USD 1,080-2,160 and EUR 1,000-2,000.
These family-friendly Cabo San Lucas areas work well because families usually want security, schools, supermarkets, laundry space, larger kitchens, air conditioning and less noise than Marina or El Médano.
Important education options near these family areas include UABCS Los Cabos, ITES Los Cabos in the wider municipality, Colegio El Camino, Colegio Amaranto and other private and local schools serving Cabo San Lucas families.
Which areas near transit or universities rent faster in Cabo San Lucas in 2026?
As of 2026, the fastest-renting areas near transit, jobs or education in Cabo San Lucas are Centro, Lázaro Cárdenas and El Tezal.
Good apartments in these high-demand Cabo San Lucas areas often stay listed for about 7-25 days when the rent is realistic and the photos are clear.
A rental near transport routes, schools, supermarkets or major job areas in Cabo San Lucas can command a premium of about MXN 1,500-4,000 per month, or roughly USD 80-215 and EUR 75-200.
Which neighborhoods are most popular with expats in Cabo San Lucas right now?
The top three expat rental neighborhoods in Cabo San Lucas are El Tezal, Pedregal and El Médano because they offer comfort, security and a lifestyle that feels easy for foreign residents.
Expats usually pay about MXN 25,000-55,000 per month in these Cabo San Lucas neighborhoods, or roughly USD 1,350-2,970 and EUR 1,250-2,750.
These neighborhoods attract expats because many rentals are furnished, secure, close to beaches or services, easier to manage from abroad, and more likely to include pools, parking and reliable internet.
The most visible expat groups in Cabo San Lucas are Americans and Canadians, with smaller groups from Europe and other parts of Latin America also present in premium and lifestyle-oriented areas.
And if you are also an expat, you may want to read our Sources and methodology: we used Numbeo, FITURCA and Lamudi. We used Numbeo only as a sanity check for expat-facing costs. We also used our own expat-demand reading of Cabo San Lucas listings.
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Who rents, and what do tenants want in Cabo San Lucas right now?
The Cabo San Lucas rental market in 2026 is split between local workforce housing and higher-priced furnished condos for expats, remote workers and seasonal residents.
What tenant profiles dominate rentals in Cabo San Lucas?
The top three tenant profiles in Cabo San Lucas are local workers and families, hospitality and tourism professionals, and expats or remote workers.
Local workers and families represent about 45% of demand, hospitality and tourism professionals about 30%, and expats or remote workers about 25% in the investor-grade Cabo San Lucas rental market.
Local families usually want 2-3 bedroom practical units, hospitality professionals often want 1-2 bedroom units near jobs, and expats or remote workers usually want furnished 1-2 bedroom condos with internet, parking and security.
If you want to optimize your cashflow, you can read our Sources and methodology: we used Data México, FITURCA and INEGI Census 2020. We inferred tenant segments from population, tourism jobs and current rental stock. We also used our own Cabo San Lucas demand segmentation.
Do tenants prefer furnished or unfurnished in Cabo San Lucas?
In Cabo San Lucas, we estimate that about 55% of investor-grade tenants prefer furnished rentals and about 45% prefer unfurnished or semi-furnished rentals.
A furnished apartment in Cabo San Lucas usually commands a premium of about MXN 2,000-6,000 per month, or roughly USD 110-325 and EUR 100-300, compared with a similar unfurnished apartment.
Furnished rentals are most popular with expats, remote workers, hospitality managers, seasonal residents and newly arrived professionals, while local families often prefer semi-furnished or unfurnished homes.
Which amenities increase rent the most in Cabo San Lucas?
The five amenities that increase rent the most in Cabo San Lucas are ocean or Arch views, furnished and equipped interiors, pool and gated security, strong air conditioning, and covered parking.
In Cabo San Lucas, an ocean or Arch view can add MXN 4,000-10,000 per month, furnishing can add MXN 2,000-6,000, pool and security can add MXN 2,000-5,000, strong AC can protect MXN 1,000-3,000, and covered parking can add MXN 1,000-2,500, or about USD 55-540 and EUR 50-500 depending on the amenity.
In our property pack covering the real estate market in Cabo San Lucas, we cover what are the best investments a landlord can make.
What renovations get the best ROI for rentals in Cabo San Lucas?
The five best ROI renovations for Cabo San Lucas rentals are inverter air conditioning, fresh paint and lighting, durable kitchen upgrades, bathroom refreshes, and washer-dryer or laundry improvements.
In Cabo San Lucas, these upgrades can cost about MXN 15,000-180,000 each, or roughly USD 810-9,730 and EUR 750-9,000, and a well-chosen package can raise monthly rent by about MXN 1,500-6,000 if the location supports it.
Landlords in Cabo San Lucas should avoid luxury finishes in weak locations, delicate materials that suffer from humidity and salt air, and over-customized decoration that only appeals to one type of tenant.
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How strong is rental demand in Cabo San Lucas as of 2026?
Rental demand in Cabo San Lucas in 2026 is strong, but landlords have to price carefully because the best demand is for practical, well-located and fairly priced units.
What's the vacancy rate for rentals in Cabo San Lucas as of 2026?
As of 2026, the estimated long-term residential vacancy rate in Cabo San Lucas is about 4%-6%.
Well-priced mid-market units in El Tezal, Sunset, Centro-adjacent areas and local family zones can have effective vacancy closer to 2%-4%, while overpriced furnished condos can sit closer to 7%-10%.
The current vacancy rate in Cabo San Lucas looks below a normal balanced market, but not as tight as the strongest 2021-2023 period when many landlords could push rents more aggressively.
Finally please note that you will have all the indicators you need in our property pack covering the real estate market in Cabo San Lucas.
How many days do rentals stay listed in Cabo San Lucas as of 2026?
As of 2026, a normal long-term rental in Cabo San Lucas stays listed for about 15-30 days when the price is realistic.
Strong units under MXN 25,000 can move in 7-20 days, while overpriced luxury furnished units or weaker locations can remain listed for 45-75 days.
Compared with one year ago, days on market in Cabo San Lucas look slightly longer for expensive furnished condos, while practical 1-bedroom and 2-bedroom units are still absorbed quickly.
Which months have peak tenant demand in Cabo San Lucas?
The peak months for tenant demand in Cabo San Lucas are usually November to March, with a second useful demand window from May to August.
November to March is helped by high season, foreign residents and tourism jobs, while May to August is supported by family moves, job changes and school-year planning.
The weakest months for Cabo San Lucas rental demand are usually September and sometimes early October because the weather is hotter, storm-season risk is higher and tourism is softer.
Don't buy the wrong property, in the wrong area of Cabo San Lucas
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What will my monthly costs be in Cabo San Lucas as of 2026?
A Cabo San Lucas landlord in 2026 should usually budget about 18%-28% of gross rent for recurring costs before income tax and debt service.
On a MXN 25,000 monthly rental, that means roughly MXN 4,500-7,000 per month, or about USD 240-380 and EUR 225-350, for HOA, maintenance, repairs, insurance, accounting, vacancy and owner-paid items.
What property taxes should landlords expect in Cabo San Lucas as of 2026?
As of 2026, a typical annual property tax bill for a Cabo San Lucas condo might be around MXN 4,000-12,000, or roughly USD 215-650 and EUR 200-600, although the exact amount depends on cadastral value.
The realistic annual property-tax range in Cabo San Lucas is often about MXN 2,000-25,000, or roughly USD 110-1,350 and EUR 100-1,250, depending on the property, cadastral value and location.
Property tax in Cabo San Lucas is based on the municipal cadastral account and cadastral value, so landlords must check the exact predial amount with the Los Cabos Treasury rather than guessing from the market price.
Please note that, in our property pack covering the real estate market in Cabo San Lucas, we cover what exemptions or deductions may be available to reduce property taxes for landlords.
What utilities do landlords often pay in Cabo San Lucas right now?
In Cabo San Lucas long-term rentals, landlords most often pay HOA, building maintenance and sometimes internet or water when these are included in the condo fee.
Typical landlord-paid monthly items in Cabo San Lucas can be about MXN 2,000-6,000 for HOA, MXN 500-900 for internet, and MXN 200-600 for water, or roughly USD 10-325 and EUR 10-300 depending on the building.
The common practice in Cabo San Lucas is that tenants pay electricity, gas and most personal utilities, while landlords should avoid including unlimited electricity because air conditioning can quickly reduce rental profit.
How is rental income taxed in Cabo San Lucas as of 2026?
As of 2026, rental income from Cabo San Lucas property is generally declared to SAT under the Mexican rental regime for tax residents, while non-residents and short-term platform rentals can face different treatment.
Individual landlords can generally deduct authorized expenses or use the optional 35% deduction, and predial may also be deductible when the landlord follows the correct SAT rules.
Common tax mistakes in Cabo San Lucas include treating Airbnb-style lodging like a normal long-term lease, ignoring Mexican-source income rules as a foreign owner, failing to invoice correctly, and forgetting that utilities and platform income can change the tax treatment.
We cover these mistakes, among others, in our Sources and methodology: we used SAT rental regime, the SAT annual rental declaration guide and the Mexican Income Tax Law. We separated long-term residential rent from platform lodging. We also used our own tax-risk checklist for foreign buyers.
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 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 Cabo San Lucas, 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 we trust it | How we used it |
|---|---|---|
| INEGI Census 2020 | INEGI is Mexico’s official statistics agency, so it is the best base source for population and housing context. | We used it to anchor the demographic base for Los Cabos. We did not use it as a live rent source because census data does not show current Cabo San Lucas rents. |
| Data México Los Cabos profile | Data México is an official Mexican government data portal with clear local economic and demographic indicators. | We used it to confirm Los Cabos population growth and local economic structure. We treated that growth as a reason why rental demand in Cabo San Lucas remains strong. |
| INEGI ENIGH 2024 | ENIGH is Mexico’s official household income and expenditure survey. | We used it to understand affordability pressure in Baja California Sur. We did not use it for bedroom-level Cabo San Lucas rents because the survey is not that granular. |
| SHF housing price indicators | SHF is Mexico’s federal housing finance institution and tracks housing-price pressure. | We used it to check whether housing values were still rising. We used price growth as a support signal for rent pressure, not as a direct rent table. |
| Banco de México inflation reports | Banxico is Mexico’s central bank, so it is the reference source for inflation and macroeconomic context. | We used it to keep rent-growth assumptions realistic. We did not let listing prices alone push our Cabo San Lucas rent estimates too high. |
| Los Cabos Municipal Development Plan 2024-2027 | This is the official municipal planning document for Los Cabos. | We used it to understand local growth, infrastructure strain and urban expansion. We relied on it especially for neighborhood and demand interpretation. |
| Los Cabos Treasury property-tax portal | This is the official municipal portal for predial payments and cadastral-account checks. | We used it to explain how property tax is managed locally. We did not calculate exact tax bills because each property needs its own cadastral account. |
| Los Cabos Municipal Treasury Law | This law provides the local legal basis for municipal taxes and fees. | We used it to frame predial and local fiscal obligations. We kept the explanation practical because non-professional buyers do not need legal detail in the first reading. |
| SAT rental regime | SAT is Mexico’s federal tax authority, so it is the primary source for rental-income compliance. | We used it to explain how rental income is declared by individuals. We used SAT wording as the base for the tax section. |
| SAT annual rental declaration guide | This is SAT’s own filing guide for rental income. | We used it to confirm the optional 35% deduction logic for individual landlords. We then translated that rule into simple investor language. |
| Mexican Income Tax Law | This is the official consolidated federal income tax law. | We used it to cross-check SAT guidance. We used it especially for resident and non-resident tax framing. |
| SAT platform-income regime | SAT provides the official rules for income earned through digital platforms. | We used it to separate long-term residential rent from Airbnb-style lodging. We kept the article focused on residential leasing. |
| FITURCA Los Cabos Tourism Observatory | FITURCA is the official tourism trust for Los Cabos. | We used it to measure tourism strength and seasonality. We also used it because tourism employment feeds long-term rental demand. |
| GAP May 2026 airport traffic report | GAP operates Los Cabos airport and publishes official passenger traffic data. | We used it to check whether 2026 travel demand was accelerating or cooling. We treated softer airport traffic as a reason to avoid aggressive luxury-rent assumptions. |
| Lamudi Los Cabos rentals | Lamudi is a large property portal with active rental listings in Mexico. | We used it to sample current asking rents by size and area. We cross-checked it with other portals because asking rents are not always signed rents. |
| Vivanuncios Los Cabos rentals | Vivanuncios is a major Mexican classifieds and property portal. | We used it to compare live asking rents in Cabo San Lucas. We used it mainly to identify realistic low-to-mid-market rental ranges. |
Get fresh and reliable information about the market in Cabo San Lucas
Don't base significant investment decisions on outdated data. Get updated and accurate information.