What are rents like in Chile right now? (January 2026)

If you're looking to rent or invest in rental property in Chile, understanding current prices is essential.

This article breaks down what tenants pay and landlords earn across Chile's major cities in 2026.

We constantly update this blog post with fresh data.

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 Chile.

Who is the author of this content?

THE LATINVESTOR

A team specialized in real estate investing in LATAM countries

We are a team of financial experts, legal professionals, developers, and local real estate specialists dedicated to helping people like you avoid mistakes when investing in real estate in a foreign place, particularly in Chile. If you’d like to learn more about us, you can check our presentation page.

What are typical rents in Chile as of 2026?

What's the average monthly rent for a studio in Chile as of 2026?

As of January 2026, a typical studio in urban Chile rents for around CLP 320,000 monthly, roughly $355 USD or €335 EUR.

Most studios in Chile fall between CLP 280,000 and CLP 360,000 monthly, or approximately $310 to $400 USD and €295 to €380 EUR.

Studio rents vary based on Metro proximity, building amenities, and the specific comuna, with Santiago's sector oriente pushing prices higher.

What's the average monthly rent for a 1-bedroom in Chile as of 2026?

As of January 2026, a typical 1-bedroom in urban Chile rents for around CLP 450,000 monthly, approximately $500 USD or €475 EUR.

Most 1-bedroom apartments in Chile range from CLP 390,000 to CLP 520,000 monthly, about $430 to $580 USD or €410 to €550 EUR.

The cheapest 1-bedroom rents tend to be in Estación Central or Santiago Centro, while Las Condes, Providencia, and Vitacura sit at the top of the range.

What's the average monthly rent for a 2-bedroom in Chile as of 2026?

As of January 2026, a typical 2-bedroom in urban Chile rents for around CLP 670,000 monthly, approximately $745 USD or €705 EUR.

Most 2-bedroom apartments range from CLP 560,000 to CLP 780,000 monthly, roughly $620 to $870 USD and €590 to €820 EUR.

Cheaper 2-bedroom rents are found in Peñalolén or Macul, while Vitacura, Las Condes, and Lo Barnechea top the range.

By the way, you will find much more detailed rent ranges in our property pack covering the real estate market in Chile.

What's the average rent per square meter in Chile as of 2026?

As of January 2026, the average rent per square meter in Greater Santiago is around 0.262 UF monthly, approximately CLP 10,400, $11.50 USD, or €11 EUR.

Across Chile, rent per square meter ranges from CLP 7,500 to CLP 14,000, or $8 to $15.50 USD, with central and eastern Santiago comunas at the higher end.

Santiago's rent per square meter is significantly higher than Concepción, Valparaíso, or Antofagasta, where rates can be 30% to 40% lower.

Properties commanding above-average rates typically feature Metro walkability, in-building amenities, modern thermal insulation, and sector oriente locations.

How much have rents changed year-over-year in Chile in 2026?

As of January 2026, rents in Chile have increased by approximately 3% to 6% year-over-year, with Santiago's prime areas trending higher.

Main factors driving rent changes include persistent demand from households unable to afford purchases, urban migration, and new rental supply being absorbed quickly.

This year's rent change is similar to last year, with both showing moderate increases aligned with inflation rather than dramatic swings.

What's the outlook for rent growth in Chile in 2026?

As of January 2026, rent growth in Chile is projected at 3% to 5% over the coming year, roughly matching the Central Bank's inflation target.

Key factors include financing constraints keeping households renting longer, improving interest rates, and continued absorption of new institutional supply.

Neighborhoods expected to see strongest rent growth include Providencia, Ñuñoa, and Las Condes, where demand consistently outpaces supply.

Risks that could alter projections include unexpected inflation spikes, economic slowdowns, or a sudden surge in new construction outpacing demand.

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 Chile as of 2026?

Which neighborhoods have the highest rents in Chile as of 2026?

As of January 2026, the top three neighborhoods with highest rents in Chile are Vitacura, Las Condes, and Lo Barnechea, where 2-bedrooms can exceed CLP 900,000 monthly, roughly $1,000 USD or €950 EUR.

These neighborhoods command premiums due to excellent safety, proximity to business districts, high-end shopping, international schools, and well-maintained green spaces.

Typical tenants in these high-rent areas include senior executives, expats at multinational companies, and wealthy families seeking security and prestige.

By the way, we've written a blog article detailing what are the current best areas to invest in property in Chile.

Where do young professionals prefer to rent in Chile right now?

The top three neighborhoods for young professionals in Chile are Providencia, Ñuñoa, and Santiago Centro, all offering excellent Metro access and vibrant social scenes.

Young professionals here typically pay CLP 400,000 to CLP 550,000 monthly for a 1-bedroom, roughly $445 to $610 USD or €420 to €580 EUR.

These neighborhoods attract young professionals with walkable streets, short commutes to employment hubs, and lively nightlife without premium prices.

By the way, you will find a detailed tenant analysis in our property pack covering the real estate market in Chile.

Where do families prefer to rent in Chile right now?

The top three neighborhoods for families in Chile are La Reina, Ñuñoa, and Lo Barnechea, offering more space, quieter streets, and quality schools.

Families here typically pay CLP 650,000 to CLP 950,000 monthly for 2 to 3 bedrooms, roughly $720 to $1,055 USD or €685 to €1,000 EUR.

These neighborhoods attract families with larger units, family-oriented parks, lower traffic noise, and stronger community feel.

Nearby top-rated schools include Nido de Águilas and Lincoln International School in Lo Barnechea, plus well-regarded schools in La Reina and Ñuñoa.

Which areas near transit or universities rent faster in Chile in 2026?

As of January 2026, the fastest-renting areas near transit or universities in Chile are Estación Central, Santiago Centro, and Macul near major campuses.

Properties in these high-demand Chile areas typically stay listed 25 to 35 days, compared to 40 to 50 days in less connected neighborhoods.

Properties within walking distance of Metro stations or universities command a premium of CLP 30,000 to CLP 60,000 monthly, about $35 to $65 USD extra.

Which neighborhoods are most popular with expats in Chile right now?

The top three neighborhoods for expats in Chile are Las Condes, Vitacura, and Providencia, offering international amenities and embassy proximity.

Expats here typically pay CLP 550,000 to CLP 1,000,000 monthly for 1 to 2 bedrooms, roughly $610 to $1,110 USD or €580 to €1,050 EUR.

These neighborhoods attract expats with international supermarkets, bilingual medical facilities, safe streets, and cosmopolitan dining options.

The most represented expat communities include Americans, Europeans, Brazilians, and Venezuelans working for multinationals or embassies.

And if you are also an expat, you may want to read our exhaustive guide for expats in Chile.

Who rents, and what do tenants want in Chile right now?

What tenant profiles dominate rentals in Chile?

The top three tenant profiles in Chile's rental market are young workers and first-job households, students, and international migrants.

Young workers represent roughly 40% of demand, students about 25%, and migrants around 20%, with families and others making up the rest.

Young workers seek 1-bedrooms near Metro lines, students look for studios or shared units near universities, and migrants prioritize affordable 2-bedrooms in well-connected comunas.

If you want to optimize your cashflow, you can read our complete guide on how to buy and rent out in Chile.

Do tenants prefer furnished or unfurnished in Chile?

In Chile, roughly 75% to 80% of long-term tenants prefer unfurnished rentals, while furnished units mainly attract short-term renters and expats.

Furnished apartments command a premium of CLP 50,000 to CLP 100,000 monthly, about $55 to $110 USD above comparable unfurnished units.

Tenants preferring furnished rentals include expats on temporary assignments, students from other regions, and professionals on short-term contracts.

Which amenities increase rent the most in Chile?

The top five rent-boosting amenities in Chile are Metro walkability, parking with storage (bodega), 24/7 security, in-building gym, and thermal insulation.

In Chile, Metro walkability adds CLP 30,000 to CLP 60,000 monthly ($35 to $65 USD), parking with bodega adds CLP 40,000 to CLP 70,000 ($45 to $80 USD), security adds CLP 20,000 to CLP 40,000, a gym adds CLP 15,000 to CLP 30,000, and insulation adds CLP 15,000 to CLP 25,000.

In our property pack covering the real estate market in Chile, we cover what are the best investments a landlord can make.

What renovations get the best ROI for rentals in Chile?

The top five ROI renovations in Chile are fresh paint with modern lighting, kitchen surface upgrades, bathroom fixture updates, thermal improvements, and durable flooring.

Fresh paint costs CLP 300,000 to CLP 600,000 ($335 to $665 USD) for CLP 15,000 to CLP 30,000 monthly rent increase; kitchen upgrades cost CLP 500,000 to CLP 1,200,000 for CLP 25,000 to CLP 50,000 increase; thermal improvements cost CLP 400,000 to CLP 800,000 for CLP 15,000 to CLP 30,000 increase.

Renovations with poor ROI to avoid include luxury finishes exceeding neighborhood standards, swimming pools in non-premium buildings, and complete structural remodels in outdated buildings.

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 Chile as of 2026?

What's the vacancy rate for rentals in Chile as of 2026?

As of January 2026, the vacancy rate for professionally managed rentals in Greater Santiago is around 4% to 5% for stabilized buildings, with newer properties seeing up to 9%.

Across Chile, vacancy ranges from 3% in high-demand comunas like Providencia and Las Condes to around 10% in areas with recent construction oversupply.

The current vacancy rate is lower than the historical average of 6% to 8%, indicating strong tenant demand despite new supply.

Finally please note that you will have all the indicators you need in our property pack covering the real estate market in Chile.

How many days do rentals stay listed in Chile as of 2026?

As of January 2026, rentals in Chile stay listed for an average of 30 to 45 days, with high-demand areas like Providencia leasing within 30 days.

Days on market ranges from 25 days for well-priced 1-bedrooms in central locations to 50+ days for larger units in less connected areas.

Current days-on-market is slightly faster than one year ago, reflecting strong demand and limited supply in desirable comunas.

Which months have peak tenant demand in Chile?

Peak tenant demand in Chile occurs February through April, when the academic year begins and workers relocate after summer.

Seasonal demand is driven by university classes starting in March, annual job rotation cycles, and lease renewals aligned with the school year.

The lowest tenant demand in Chile occurs June through August, when winter and mid-school-year timing discourage moves.

What will my monthly costs be in Chile as of 2026?

What property taxes should landlords expect in Chile as of 2026?

As of January 2026, landlords in Chile should expect annual property taxes (contribuciones) of roughly CLP 400,000 to CLP 1,500,000, about $445 to $1,665 USD or €420 to €1,580 EUR.

Annual property taxes range from CLP 200,000 for modest apartments in less central areas to over CLP 2,500,000 for high-value properties in Vitacura or Las Condes.

Property taxes are calculated by applying a rate (typically 0.98% to 1.2%) to the fiscal assessed value determined by the tax authority.

Please note that, in our property pack covering the real estate market in Chile, we cover what exemptions or deductions may be available to reduce property taxes for landlords.

What maintenance budget per year is realistic in Chile right now?

A realistic annual maintenance budget for a typical rental in Chile is CLP 400,000 to CLP 800,000, approximately $445 to $890 USD or €420 to €840 EUR.

Costs range from CLP 250,000 for newer buildings to CLP 1,200,000+ for older properties requiring frequent repairs.

Landlords in Chile typically set aside 5% to 10% of annual rental income for maintenance, roughly 0.5% to 1% of property value yearly.

What utilities do landlords often pay in Chile right now?

In Chile, tenants typically pay all variable utilities (electricity, water, gas, internet, gastos comunes), while landlords pay only property tax (contribuciones).

When landlords cover utilities in furnished short-term rentals, monthly costs run CLP 80,000 to CLP 150,000 for electricity and gas plus CLP 30,000 to CLP 60,000 for water, totaling roughly $120 to $235 USD.

The common practice is tenant responsibility for consumption-based costs, with landlords handling owner-side obligations like property taxes.

How is rental income taxed in Chile as of 2026?

As of January 2026, rental income in Chile is subject to personal income tax at progressive rates from 0% to 40%, depending on total taxable income.

Main deductions include property depreciation, maintenance expenses, property management fees, and contribuciones paid during the year.

A common mistake landlords in Chile should avoid is failing to declare rental income, as SII cross-references property records with tax filings.

We cover these mistakes, among others, in our list of risks and pitfalls people face when buying property in Chile.

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 Chile, 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.

Source	Why It's Authoritative	How We Used It
Banco Central de Chile - IPoM December 2025	The Central Bank's official monetary policy report with authoritative macroeconomic forecasts.	We used it to anchor inflation expectations and frame rent-growth outlook for early 2026.
Banco Central de Chile - UF Values	The official daily indicator page used across Chile's financial system.	We used it to ground all CLP to UF conversions around late-2025 and early-2026 levels.
Banco Central de Chile - Daily Indicators	The Central Bank's official daily indicator feed, the definitive UF source.	We used it to cross-check UF levels and keep peso estimates consistent with official values.
SII - UF Daily Tables 2025	Chile's tax authority with widely referenced UF tables.	We used it as official benchmark for UF levels and to sanity-check rent conversions.
INE - CPI Bulletin February 2025	Chile's official national statistics agency with the standard inflation measure.	We used it to confirm rent is tracked in CPI and support year-over-year rent-change estimates.
INE - CPI Calculator	INE's official online CPI calculator used by landlords and tenants.	We used it to explain how contracts indexed to CPI are adjusted in Chile.
BDO Chile - Multifamily Report Q3 2025	Major professional services firm with clear market metrics and methodology.	We used it as our core rent-per-square-meter reference and for vacancy estimates across comunas.
BDO Chile - Multifamily Report Q2 2025	The official landing page for BDO's ongoing multifamily research series.	We used it to validate dataset continuity and triangulate quarterly rent direction.
Colliers Chile - Multifamily Research Q1 2025	Globally recognized real estate consultancy with standardized research.	We used it to cross-check supply growth and understand tenant choice drivers.
Colliers Chile - Multifamily Commentary December 2025	Direct publication by a major consultancy with Chile-specific metrics.	We used it to triangulate occupancy levels and identify best-performing comunas.
CChC - Informe Nacional Inmobiliario Q2 2025	Chile's main construction industry association with widely cited analysis.	We used it for financing constraint context and tenant profile analysis.
Tesorería General de la República - Contribuciones Guide	The official collecting authority for property tax in Chile.	We used it to explain how property taxes are calculated and paid.
SII - Property Tax Rates 2025	Official SII publication tied to legal tax rate settings.	We used it to ground property tax sections in official rates and revaluation documentation.
Biblioteca del Congreso Nacional - Legal Reference	The official legal repository for Chilean laws and decrees.	We used it to confirm legal basis around property tax mechanics.
SII - FAQ on Declaring Rental Income	SII's direct guidance for taxpayers on rental income declaration.	We used it to explain compliance requirements and structure tax sections.
TOCTOC - Rental Velocity Analysis	Major Chilean real estate portal with extensive listing data.	We used it to estimate days-on-market and support high-demand area analysis.