How much are the rents in Granada right now? (2026)

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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 Granada (Nicaragua). If you’d like to learn more about us, you can check our presentation page.

What are typical rents in Granada as of 2026?

As of June 2026, a normal long-term rental in Granada usually costs around C$17,600, or US$480, or about €440 per month.

For most investors, the important point is simple: Granada is affordable by international standards, but the best central furnished homes are priced for foreigners, not for the average local household.

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

As of 2026, the average monthly rent for a studio in Granada is about C$10,300, or US$280, or about €260.

Most studio rentals in Granada fall between C$8,100 and C$13,900 per month, or US$220 to US$380, or about €200 to €350.

The rent changes mainly with location, furniture, internet quality, air conditioning and whether the studio sits near Centro Histórico, Xalteva or Calle La Calzada.

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

As of 2026, the average monthly rent for a 1-bedroom apartment in Granada is about C$14,600, or US$400, or about €370.

Most 1-bedroom apartments in Granada rent between C$11,700 and C$20,100 per month, or US$320 to US$550, or about €295 to €505.

The cheapest 1-bedroom rents are usually outside the tourist core, while Centro Histórico, Xalteva and Calle La Calzada have the highest 1-bedroom rents in Granada.

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

As of 2026, the average monthly rent for a 2-bedroom apartment in Granada is about C$21,100, or US$575, or about €530.

Most 2-bedroom rentals in Granada fall between C$16,500 and C$29,300 per month, or US$450 to US$800, or about €415 to €735.

The cheapest 2-bedroom rents are usually in quieter local areas outside Centro Histórico, while the most expensive 2-bedroom homes are in Centro Histórico, Xalteva and the lake or Malecón corridor.

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

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

As of 2026, the average rent per square meter in Granada is about C$275 per m² per month, or US$7.50, or about €7.

The realistic range in Granada is about C$180 to C$365 per m² per month, or US$5 to US$10, or about €4.60 to €9.20.

Granada is usually cheaper per square meter than prime Managua rentals, but Granada can beat many regional small cities on furnished tourist-facing rent for charming central homes.

Small furnished units near Parque Central, homes with air conditioning, pools, courtyards, secure parking and strong Wi-Fi usually push Granada rents per square meter above average.

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

As of 2026, average rents in Granada are up about 4% year-over-year.

The main drivers are limited central furnished supply, stronger tourism spending, foreigner demand and stable dollar pricing under Nicaragua’s official exchange-rate policy.

This 2026 rent change looks slightly stronger than the softer post-pandemic adjustment years, but it is still a modest rent increase rather than a broad rental boom.

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

As of 2026, Granada rents are likely to grow by about 3% to 6% over the year, with the best furnished homes closer to 6% to 9%.

The main support comes from tourism, remittances, stable dollar leases and the small supply of well-kept homes near Granada’s colonial center.

The strongest rent growth should be in Centro Histórico, Xalteva, Calle La Calzada and selected lake or Mombacho-facing homes with good furniture and reliable utilities.

The main risks are weak local wages, overpricing, tourism swings, rainy-season maintenance issues and too many owners chasing the same small foreign tenant pool.

Which neighborhoods rent best in Granada as of 2026?

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

As of 2026, the top three high-rent areas in Granada are Centro Histórico at about C$29,300 to C$40,300 per month, Xalteva at C$25,600 to C$36,600, and Calle La Calzada at C$25,600 to C$33,000, or roughly US$700 to US$1,100, US$700 to US$1,000 and US$700 to US$900.

These neighborhoods command premium rents because tenants pay more for walkability, colonial charm, cafés, restaurants, security, furnished interiors and easy access to Parque Central.

The typical tenant in these high-rent Granada neighborhoods is an expat, retiree, remote worker, long-stay tourist or higher-income Nicaraguan family looking for comfort and convenience.

By the way, we’ve written a blog article detailing Sources and methodology: we compared Rentberry, Granada Home Rentals and AirDNA. We focused on furnished homes in the most liquid areas. We also checked these areas against our own Granada neighborhood notes.

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

Young professionals in Granada usually prefer Centro Histórico, Calle La Calzada and Xalteva.

In these Granada neighborhoods, young professionals usually pay around C$12,800 to C$22,000 per month, or US$350 to US$600, or about €320 to €550.

Young professionals like these areas because cafés, restaurants, gyms, nightlife, coworking-style spaces, fast internet and daily services are easier to reach without a car.

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

Where do families prefer to rent in Granada right now?

Families in Granada usually prefer Reparto San Juan, Xalteva and La Otra Banda.

For 2-bedroom and 3-bedroom rentals in these family-friendly Granada areas, families usually pay around C$16,500 to C$31,100 per month, or US$450 to US$850, or about €415 to €780.

Families choose these areas because homes are calmer, parking is easier, outdoor space is more common, and daily shopping or school runs are simpler than in the busiest tourist streets.

Educational options near these areas include Colegio Diocesano Nuestra Señora de Guadalupe, local private schools around central Granada and access to schools in the wider Granada and Masaya corridor.

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

As of 2026, the fastest areas near transit or education access in Granada are the Mercado Municipal and transport terminal area, Calle Atravesada and Xalteva.

Correctly priced rentals in these high-demand Granada areas usually stay listed for about 15 to 30 days.

Homes within easy walking distance of buses, taxis, daily services or local education routes can earn a small premium of about C$1,800 to C$3,700 per month, or US$50 to US$100, or about €45 to €90.

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

The top three expat rental areas in Granada are Centro Histórico, Xalteva and Calle La Calzada.

Expats in these Granada neighborhoods usually pay around C$23,800 to C$40,300 per month, or US$650 to US$1,100, or about €600 to €1,010.

Expats like these areas because the homes are often furnished, walkable, secure and close to cafés, restaurants, Spanish schools, churches, markets and other foreign residents.

The most visible expat groups in Granada include North Americans, Europeans and long-stay visitors from nearby Latin American countries.

And if you are also an expat, you may want to read our Sources and methodology: we checked Granada Home Rentals, AirDNA and Airbnb. We focused on furnished homes with clear foreign-facing features. We also used our own expat-rental scoring for Granada.

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

What tenant profiles dominate rentals in Granada?

The top three tenant profiles in Granada are local families and workers, expats and remote workers, and tourism-linked medium-stay tenants.

By number, Granada’s rental market is roughly 55% local families and workers, 25% expats or remote workers, and 15% medium-stay tourism tenants, with the rest made up by students, volunteers and NGO tenants.

Local families want 2-bedroom and 3-bedroom homes, expats often want furnished 1-bedroom or 2-bedroom homes, and medium-stay visitors usually want turnkey central rentals.

If you want to optimize your cashflow, you can read our Sources and methodology: we used BCN remittances, INIDE tourism data and Rentberry. We separated local affordability from foreign-facing demand. We also used our own Granada tenant segmentation.

Do tenants prefer furnished or unfurnished in Granada?

In Granada, about 45% of tenants prefer furnished rentals and about 55% prefer unfurnished or semi-furnished rentals, but furnished demand dominates the higher-rent segment.

A furnished rental in Granada usually earns C$3,700 to C$9,200 more per month than a similar unfurnished rental, or US$100 to US$250, or about €90 to €230.

Furnished rentals are mainly preferred by expats, remote workers, retirees, volunteers and long-stay tourists, while local families often prefer lower-cost unfurnished homes.

Which amenities increase rent the most in Granada?

The five amenities that lift rent the most in Granada are a pool or plunge pool, air conditioning, reliable fiber internet, secure parking and a clean modern kitchen.

In Granada, a pool can add about C$3,700 to C$11,000 per month, air conditioning C$1,800 to C$5,500, strong internet C$900 to C$2,900, secure parking C$900 to C$3,700 and a modern kitchen C$1,800 to C$5,500.

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

What renovations get the best ROI for rentals in Granada?

The five renovations with the best rental ROI in Granada are bedroom air conditioning, bathroom upgrades, water tank and pump improvements, fiber internet setup and repainting with lighting improvements.

Typical upgrade costs range from about C$18,000 to C$293,000, or US$500 to US$8,000, or about €460 to €7,400, and a good package can add about C$2,700 to C$7,300 per month in rent.

Landlords in Granada should be careful with luxury finishes, oversized pools, expensive imported furniture and major layout changes, because tenants usually pay more for comfort, reliability and location than for fancy design.

How strong is rental demand in Granada as of 2026?

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

As of 2026, the estimated vacancy rate for normal long-term rentals in Granada is about 7% to 10%.

Central furnished homes in Granada can sit closer to 7% vacancy when priced well, while expensive furnished homes far above US$1,200 per month can face 12% to 18% vacancy.

Compared with the weaker tourism years, Granada’s 2026 vacancy looks healthier, but the market is still narrow because the highest-paying tenant pool is small.

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

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

As of 2026, correctly priced rentals in Granada usually stay listed for about 25 to 45 days.

Studios and 1-bedroom homes under US$450 can rent in 15 to 30 days, while larger furnished colonial homes above US$1,200 can take more than 60 days.

Compared with one year ago, days on market in Granada look slightly shorter for good furnished central homes, but overpriced homes still move slowly.

Which months have peak tenant demand in Granada?

The peak rental demand months in Granada are December, January, February and March, with January usually the strongest month.

Demand rises in these months because the dry season, tourism, foreign visitors, retirees and remote workers all support furnished rental demand in Granada.

The weakest rental demand months in Granada are usually May and early June, when heat, rain and lower tourism make tenants more price-sensitive.

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

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

As of 2026, a typical Granada landlord should expect annual property tax of about C$11,000 to C$31,000, or US$300 to US$850, or about €275 to €780.

The realistic range is wide, from about C$7,300 to C$51,300 per year, or US$200 to US$1,400, or about €185 to €1,290, depending on the declared or cadastral value.

Property tax in Granada is usually linked to the municipal real-estate tax framework, where the practical charge is often around 0.8% of the cadastral or declared tax base rather than full market value.

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

What utilities do landlords often pay in Granada right now?

In Granada, landlords most often pay property-related costs such as pool service, garden care, structural repairs, municipal charges and sometimes internet or water for furnished rentals.

Typical landlord-paid monthly costs are about C$1,500 to C$5,500 for pool or garden care, C$900 to C$2,200 for internet, and C$400 to C$1,100 for water or small municipal charges.

The common Granada practice is that tenants pay electricity, gas and daily usage bills, while landlords cover long-term repairs and included services agreed in the lease.

How is rental income taxed in Granada as of 2026?

As of 2026, rental income in Granada should be budgeted with a 15% withholding treatment on real-estate leases as a conservative landlord assumption.

Landlords may be able to claim normal rental-related expenses such as repairs, maintenance, property tax, management, legal costs and documented operating costs, depending on their tax position.

Common Granada tax mistakes include pricing in dollars but recording poorly in córdobas, ignoring withholding rules, under-budgeting IBI and mixing short-stay income with long-term lease income without clear records.

We cover these mistakes, among others, in our Sources and methodology: we used DGI withholding catalogue, IBI decree reference and BCN exchange-rate data. We applied the tax treatment to gross rent for a conservative estimate. We also built this into our own landlord cash-flow model.

We did some research and made this infographic to help you quickly compare rental yields of the major cities in Nicaragua 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 Granada, 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 this source matters	How we used it
Banco Central de Nicaragua, 2026 macro outlook	Nicaragua’s central bank is the strongest source for inflation, currency and macro assumptions.	We used it to anchor the 2026 rent-growth outlook. We treated rent growth in Granada as limited by inflation, local incomes and currency stability.
Banco Central de Nicaragua, official 2026 exchange rate	This official source gives the córdoba-to-dollar rate used for 2026.	We used the official C$36.6243 per US$1 exchange rate. We kept many figures in dollars because foreign-facing Granada rentals are often priced in dollars.
Banco Central de Nicaragua, remittances	Remittances matter because they support household purchasing power in Nicaragua.	We used this source as a demand-side support indicator. We treated remittance-backed households as part of the stronger local rental demand in Granada.
INIDE, Housing Report ECH 2023-2024	INIDE is Nicaragua’s official statistics agency, so it is useful for housing context.	We used it for national housing-stock context. We did not use it as a direct Granada rent index because it is not a city rental database.
INIDE, Tourism Q1 2026 note	INIDE is the official source for Nicaragua tourism demand indicators.	We used it to understand furnished and short-stay spillover demand. We connected stronger tourism activity with demand for central Granada rentals.
INIDE, Tourism Q1 2026 full report	This report gives more detailed tourism metrics than the press note.	We used it to validate seasonality and foreign visitor spending. We linked this to furnished rental demand in Centro Histórico and Calle La Calzada.
INIDE, Employment Monthly 2026	This is Nicaragua’s official labor-market source.	We used it to sanity-check local tenant purchasing power. We treated local wage demand as weaker than foreigner-facing rental demand in prime areas.
DGI, withholding tax catalogue	DGI is Nicaragua’s tax authority, so it is the primary source for tax withholding codes.	We used it to identify rental-income withholding treatment. We then translated the tax rule into a simple landlord budgeting assumption.
Asamblea Nacional, Real Estate Tax law	This is an official legal database for Nicaraguan legislation.	We used it for the property-tax framework. We then turned the legal rule into a practical annual cost estimate for Granada landlords.
Asamblea Nacional, IBI decree reference	This official legal reference supports the municipal real-estate tax assumption.	We used it to estimate the annual IBI burden. We assumed the practical cost often differs from a simple market-value calculation.
Rentberry, Granada rental listings	Rentberry gives live asking rents and basic listing details for Granada rentals.	We used it to sample asking rents in June 2026. We discounted obvious vacation-style outliers before estimating long-term residential rents.
Encuentra24, Granada rentals	Encuentra24 is one of Central America’s main property portals.	We used it as a cross-check for local asking rents. We gave more weight to normal homes than to oversized colonial homes aimed at tourists.
Airbnb, Granada apartment rentals	Airbnb is useful for understanding furnished and flexible-rental demand.	We used it to understand the furnished premium in Granada. We did not directly turn nightly rates into long-term rents without a discount.
AirDNA, Granada short-term rental data	AirDNA is a recognized short-term-rental analytics provider.	We used it to triangulate occupancy, ADR and seasonality. We treated it as support for tourist-season demand, not as a long-term rent index.
AirROI, Granada 2026 Airbnb data	AirROI gives current short-term-rental revenue, occupancy and ADR estimates.	We used it as a second short-term-rental benchmark. We compared it with AirDNA to identify stronger dry-season furnished demand.
Granada Home Rentals	This local furnished-rental operator focuses on Granada homes.	We used it to understand what furnished expat rentals include. We checked amenities such as AC, Wi-Fi, pools and secure parking against portal listings.