Get all the data you need about the real estate market in Montevideo
This blog post covers apartment purchase prices in Montevideo in 2026, and we update it regularly so the data you see here is always as fresh as possible.
The figures below are based on the latest available market data for Montevideo apartments, covering 12 neighborhoods from the most expensive coastal addresses to the most accessible central districts.
Whether you are just starting to explore the Montevideo property market or already comparing neighborhoods, this guide gives you a clear and honest picture of what apartments actually cost.
And if you're planning to buy a property in this place, you may want to download our real estate pack about Montevideo.
A quick summary table
| Metric | Value |
|---|---|
| Most expensive neighborhood for apartments in Montevideo | Carrasco |
| Most affordable neighborhood for apartments in Montevideo | Tres Cruces |
| Average price per square meter across all Montevideo neighborhoods | UYU 141,000 |
| Median apartment price across Montevideo | UYU 7,900,000 |
| Lowest realistic starting budget to buy an apartment in Montevideo | UYU 3,500,000 |
| Most expensive apartment type in Montevideo (by bedroom count) | Two-bedroom apartment |
| Most affordable apartment type in Montevideo (by bedroom count) | Studio apartment |
| Average price for a studio apartment in Montevideo | UYU 5,100,000 |
| Average price for a one-bedroom apartment in Montevideo | UYU 7,700,000 |
| Average price for a two-bedroom apartment in Montevideo | UYU 11,500,000 |
| Price gap between the most expensive and least expensive Montevideo neighborhood | UYU 57,000 per square meter |
| Price spread across Montevideo apartment neighborhoods | From UYU 118,000 to UYU 175,000 per square meter |
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Montevideo neighborhoods in 2026 ranked by apartment purchase price
This table ranks the top neighborhoods in the Montevideo apartment market by purchase price, from the most expensive to the most affordable.
For each neighborhood, the table includes the average price per square meter, the median property price, the starting budget, the average price for a studio apartment, a one-bedroom apartment, and a two-bedroom apartment, the typical buyer profile, the key advantages, the key drawbacks, and the market segment.
Finally, please note you'll find much more detailed data in our real estate pack about Montevideo.
| Rank | Neighborhood | Average Price per Square Meter | Median Property Price | Starting Budget | Average Price for a Studio Apartment | Average Price for a One-Bedroom Apartment | Average Price for a Two-Bedroom Apartment | Typical Buyers | Key Pros | Key Cons | Market Segment |
|---|---|---|---|---|---|---|---|---|---|---|---|
| 1 | Carrasco | UYU 175,000 | UYU 9,800,000 | UYU 5,300,000 | UYU 6,100,000 | UYU 9,100,000 | UYU 13,700,000 | High-income families seeking the most prestigious Montevideo address | Seafront location, top schools nearby, modern apartment stock, and the strongest status appeal in Montevideo | Very few true entry-level apartments, high common charges, and a thinner pool of resale buyers at the top end | Luxury |
| 2 | Punta Carretas | UYU 163,000 | UYU 9,100,000 | UYU 4,900,000 | UYU 5,700,000 | UYU 8,500,000 | UYU 12,700,000 | Affluent lifestyle buyers who want walkable luxury near the rambla | Walkable access to the waterfront, Punta Carretas Shopping, the golf club, and strong resale liquidity | High prices, traffic, and limited bargain stock because prime units trade quickly | Luxury |
| 3 | Puerto Buceo | UYU 162,000 | UYU 9,100,000 | UYU 4,900,000 | UYU 5,700,000 | UYU 8,400,000 | UYU 12,600,000 | Waterfront professionals looking for modern apartments with marina views | Modern tower buildings, marina views, good shopping access, and strong demand for newer apartments | Prices are close to luxury levels, and common charges in tower buildings can be high | Premium |
| 4 | Parque Rodó | UYU 159,000 | UYU 8,900,000 | UYU 4,800,000 | UYU 5,600,000 | UYU 8,300,000 | UYU 12,400,000 | Lifestyle professionals drawn to beach-adjacent living with a cultural edge | Beach and park access, an active nightlife and cultural scene, and steady demand from urban professionals | Parking is tight and older buildings can require more maintenance work | Premium |
| 5 | Pocitos Nuevo | UYU 157,000 | UYU 8,800,000 | UYU 4,700,000 | UYU 5,500,000 | UYU 8,200,000 | UYU 12,200,000 | Investor-landlords targeting a liquid apartment market near offices and the rambla | Very active apartment market close to offices, shopping centres, and the waterfront, with year-round tenant demand | Busy streets, compact unit sizes, and less neighborhood character than older parts of Pocitos | Premium |
| 6 | Pocitos | UYU 152,000 | UYU 8,500,000 | UYU 4,600,000 | UYU 5,300,000 | UYU 7,900,000 | UYU 11,800,000 | Established local buyers upgrading to one of Montevideo's most recognised apartment districts | Classic Montevideo apartment area with a wide range of stock, beach access, and strong everyday convenience | Older building stock can mean higher maintenance costs and fewer genuine discount opportunities | Premium |
| 7 | Malvín | UYU 144,000 | UYU 8,100,000 | UYU 4,300,000 | UYU 5,000,000 | UYU 7,500,000 | UYU 11,200,000 | Family-oriented buyers wanting a residential feel close to the beach without Carrasco pricing | Quiet residential atmosphere, beach proximity, and steady quality demand at a lower price point than the top coastal areas | Less central for downtown commuters and top-end units can still reach expensive price levels | Premium |
| 8 | Buceo | UYU 133,000 | UYU 7,500,000 | UYU 4,000,000 | UYU 4,700,000 | UYU 6,900,000 | UYU 10,400,000 | Mid-budget professionals looking for a good balance between coast access and price | Good mix of coastal access, services, and apartment stock spread across several price points | Quality varies a lot from block to block, so noise and condition can differ noticeably | Mid-Market |
| 9 | Parque Batlle | UYU 125,000 | UYU 7,000,000 | UYU 3,800,000 | UYU 4,400,000 | UYU 6,500,000 | UYU 9,800,000 | Households upgrading to a larger apartment in a practical, well-served part of the city | Close to hospitals, universities, and parks, with steady promoted-housing activity supporting long-term demand | Not all streets feel equally residential, and quality units face strong competition from other buyers | Mid-Market |
| 10 | La Blanqueada | UYU 122,000 | UYU 6,800,000 | UYU 3,700,000 | UYU 4,300,000 | UYU 6,300,000 | UYU 9,500,000 | First-home buyers looking for better entry pricing with solid transport links | Active promoted-housing pipeline, good public transport connections, and more accessible pricing than coastal neighborhoods | Less lifestyle prestige than the coast, and some blocks have more of a transit-corridor feel | Mid-Market |
| 11 | Cordón | UYU 121,000 | UYU 6,800,000 | UYU 3,600,000 | UYU 4,200,000 | UYU 6,300,000 | UYU 9,400,000 | Young urban buyers who want central Montevideo living at a lower price | Best mix of centrality, services, university access, and dense apartment supply for active city living | Noise, older buildings, and parking friction are common trade-offs in exchange for lower entry costs | Mid-Market |
| 12 | Tres Cruces | UYU 118,000 | UYU 6,600,000 | UYU 3,500,000 | UYU 4,100,000 | UYU 6,100,000 | UYU 9,200,000 | Value-focused commuters who prioritise transport access and the lowest possible apartment price | Major transport hub with strong practical connections and the most accessible apartment pricing in this ranking | Heavier traffic, less charm, and no beachfront appeal compared to the premium east-side neighborhoods | Affordable |
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Key insights about apartment purchase prices in Montevideo
Insights
- Carrasco apartment prices in 2026 are about 49% higher per square meter than in Tres Cruces, meaning the same budget buys you roughly half the floor space in Montevideo's most prestigious neighborhood compared to its most accessible one.
- All six of Montevideo's most expensive apartment neighborhoods in 2026 are either coastal or directly adjacent to the waterfront, confirming that proximity to the rambla is the single biggest price driver in this market.
- Punta Carretas and Puerto Buceo are now priced almost identically at around UYU 162,000 to 163,000 per square meter, making them effectively interchangeable on price despite their different characters.
- Pocitos Nuevo already commands higher apartment prices than classic Pocitos, at UYU 157,000 versus UYU 152,000 per square meter, a sign that newer development corridors are outpricing older established names in Montevideo.
- Buceo sits at a genuinely interesting middle point at UYU 133,000 per square meter, offering coastal proximity at about 24% less than Punta Carretas, which makes it one of the clearest value plays in the Montevideo apartment market right now.
- Cordón and La Blanqueada are priced almost identically in 2026, both around UYU 121,000 to 122,000 per square meter, but Cordón offers better centrality while La Blanqueada has a stronger promoted-housing pipeline for first-home buyers.
- A two-bedroom apartment in Carrasco costs roughly UYU 4,500,000 more than a two-bedroom in Cordón, which means you are paying a very large premium purely for the Carrasco address rather than for extra space.
- Starting budgets drop below UYU 4,000,000 once you move into Montevideo's mid-market central districts, which means realistic apartment ownership in the city does not require a premium coastal budget.
- Lower-ranked neighborhoods in this table are not weak markets. Cordón, La Blanqueada, and Parque Batlle all benefit from strong public transport and university-driven demand, keeping buyer activity high even at lower price points.
- One-bedroom apartments remain the most important apartment type in the Montevideo market, sitting right at the crossover between studio affordability and two-bedroom space, which is why they consistently dominate buyer demand across all neighborhoods.
- The price gap between Montevideo's premium and mid-market neighborhoods is narrower than in many comparable Latin American cities. The spread from UYU 118,000 to UYU 175,000 per square meter suggests a relatively compact and liquid market without extreme outliers.
- Malvín offers a genuine alternative to the top coastal clusters at UYU 144,000 per square meter, combining beach proximity and a residential feel at about 18% less per square meter than Punta Carretas.
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About our methodology
Montevideo's apartment market is primarily quoted in US dollars, but to make the figures easier to use for local buyers, we converted all prices into Uruguayan pesos using a rounded official interbank exchange rate reference from late March 2026. All UYU figures in this article are therefore working estimates suitable for a buyer-oriented comparison, not for tax filings or deed execution.
For each neighborhood, we anchored our price-per-square-meter estimates on apartment-only asking prices from Inmuebles Data, which aggregates listings from the main Uruguayan property portals and updates monthly. We then cross-checked those figures against ANV's official promoted-housing transaction reports and live listings on InfoCasas and Mercado Libre to make sure the numbers reflected realistic market conditions in 2026.
We also believe it is important to show our reasoning. It is one of the ways we make our work solid, transparent, and rigorous, just as you will see in our real estate pack about Montevideo.
First, please note that this data is updated regularly, so what you see here reflects the current values as of today.
In order to get reliable data, we applied a strict source filter. We only used authoritative, verifiable sources, not random listings or unsupported figures. More on that point below.
For each neighborhood, we aggregated the freshest Montevideo apartment purchase price data available. When possible, we cross-checked multiple sources to confirm the same price range.
This allowed us to estimate the average price per square meter and the median property price for each Montevideo neighborhood.
We also calculated the starting budget, which represents the lowest realistic entry point to buy an apartment in that neighborhood. This is not the cheapest possible listing, but a real, achievable floor for a standard apartment purchase in Montevideo.
For each apartment category, we estimated an average purchase price based on local market conventions in Montevideo. We used consistent size assumptions across all neighborhoods: 35 square meters for a studio, 52 square meters for a one-bedroom, and 78 square meters for a two-bedroom apartment.
These estimates were not applied as one flat number across the city. They were adjusted by neighborhood and apartment type to better reflect local ownership conditions and Montevideo price levels.
This table should therefore be read as a structured market estimate, not as an exact guarantee of transaction prices. Honesty, quality, and rigor are at the core of our work, and they are also what you will find in our real estate pack about Montevideo.
What sources have we used to write this blog article?
Whether it's in our blog articles or the market analyses included in our real estate pack about Montevideo, we rely on verifiable sources and a transparent methodology.
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 it is authoritative | How we used it |
|---|---|---|
| Inmuebles Data dashboard | It is a large public market monitor built from the main Uruguayan property portals and updated monthly, giving apartment-only asking prices per square meter by Montevideo neighborhood. | We used it as the main source for neighborhood-level apartment asking prices in Montevideo. We used its price-per-square-meter rankings and listing volumes to build and order the 12-neighborhood table. |
| Inmuebles Data FAQ | It explains clearly where the data comes from, how often it updates, and what its limits are, which is essential for understanding how to use the figures correctly. | We used it to confirm that prices shown are offer prices from major portals, not closed transaction prices. We used it to frame the dataset correctly as a market-offer indicator throughout this article. |
| ANV Informe de precios de viviendas promovidas (June 2025) | It is a formal statistical report from Uruguay's public housing agency, based on declared promoted-housing transactions rather than asking prices. | We used it to cross-check Montevideo apartment typology pricing and neighborhood sales concentration. We used its monoambiente, one-bedroom, and two-bedroom averages to verify that our unit-type estimates were realistic. |
| ANV Market Reports page | ANV is a public housing agency that publishes recurring formal market analysis for Uruguay, making it one of the most reliable institutional sources for Montevideo apartment demand trends. | We used it as an official market-context source to triangulate Montevideo demand patterns with public-sector housing data. We used it to confirm that the neighborhoods selected in our table reflect active buying markets. |
| INE IAI Compraventa | It is the official real-estate activity release page from Uruguay's national statistics institute, providing institutional confirmation that Montevideo apartment-market monitoring is current into 2026. | We used it to verify that official property-market reporting is active and current. We used it as an institutional cross-check alongside the ANV data. |
| DGI Cotizaciones interbancarias | It is an official Uruguayan government source for interbank exchange rates, which is the correct reference for converting USD-denominated apartment prices into Uruguayan pesos. | We used it to translate Montevideo apartment market prices from US dollars into Uruguayan pesos. We applied a rounded late-March 2026 reference rate to produce the UYU figures shown throughout this article. |
| InfoCasas Radiografía 2025 | It is a market summary from one of Uruguay's best-known property portals, explicitly referencing ANV data and covering buyer demand patterns across Montevideo. | We used it to validate buyer demand patterns and confirm which Montevideo neighborhoods are most searched for apartment purchases. We used it to confirm that one- and two-bedroom apartments dominate demand. |
| InfoCasas Radiografía 2024 PDF | It is a substantial annual market report from InfoCasas built with portal data and cited institutional inputs, covering search trends and buying activity across Montevideo neighborhoods. | We used it as a second demand cross-check to confirm that Pocitos, Cordón, and Punta Carretas are consistently among the most searched buying areas. We used it to verify multi-year demand stability in the neighborhoods covered. |
| InfoCasas listings for Montevideo | InfoCasas is one of Uruguay's most widely used property portals, with deep live listing coverage across all Montevideo neighborhoods. | We used it to cross-check whether our entry budgets and apartment-size assumptions looked realistic against live asking prices. We used it to confirm that all 12 neighborhoods in our table are active apartment-buying markets right now. |
| Mercado Libre Inmuebles Montevideo | Mercado Libre is one of the largest property-listing marketplaces in Latin America, providing a broad secondary reference for live Montevideo apartment asking prices. | We used it to spot-check live apartment asking prices across neighborhoods and verify that our price ranges were consistent with what buyers actually see on the market. We used it as a second private-market listing reference alongside InfoCasas. |
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