As of June 2026, a normal apartment in Montevideo costs about UYU 7.1 million, or USD 175,000, or EUR 152,000, while the median apartment price in Montevideo is closer to UYU 6.1-6.5 million, or USD 150,000-160,000, or EUR 130,000-139,000.
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Montevideo is not the cheapest residential market in Uruguay, but it is the easiest city to understand for a foreign buyer who wants liquidity and steady rental demand.
The key is to avoid looking only at the purchase price, because common charges, closing costs and neighborhood liquidity can change the real cost of owning an apartment in Montevideo.
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 Montevideo.
Insights
- A normal apartment in Montevideo in 2026 costs around USD 175,000, but a foreign buyer should budget closer to USD 187,000-190,000 after closing costs.
- The most useful buyer shortcut is simple: studios and one-bedroom apartments in Montevideo usually rent better than large family apartments.
- New promoted apartments in Montevideo often look expensive per square meter, but they can reduce maintenance risk and make rental management easier.
- The safest lifestyle neighborhoods in Montevideo, such as Pocitos, Punta Carretas and Carrasco, are not usually the strongest yield neighborhoods.
- Cordón, La Blanqueada, Tres Cruces and Goes are more interesting for yield because purchase prices are lower and tenant demand is still broad.
- Gastos comunes can quietly destroy a good deal in Montevideo, especially in older buildings in Pocitos, Centro and Ciudad Vieja.
- A foreign non-resident should not plan around 90% mortgage financing in Montevideo, because banks often ask for much more equity from foreign buyers.
- For a USD 150,000 one-bedroom apartment in Montevideo, a realistic foreign-buyer cash need is often USD 70,000-90,000 if financing is available.
- The official transfer tax can feel lower than expected because ITP is usually based on official fiscal value, not always on the full market price.
How much do apartments really cost in Montevideo in 2026?
What's the average and median apartment price in Montevideo in 2026?
As of June 2026, the estimated average apartment price in Montevideo is about UYU 7.1 million, or USD 175,000, or EUR 152,000, while the median apartment price in Montevideo is closer to UYU 6.1-6.5 million, or USD 150,000-160,000, or EUR 130,000-139,000.
That means a realistic average apartment price in Montevideo in 2026 is around UYU 105,000-113,000 per m², or USD 2,600-2,800 per m², or EUR 2,250-2,430 per m², which is roughly UYU 9,800-10,500 per sq ft, or USD 240-260 per sq ft, or EUR 210-225 per sq ft.
For most standard apartments in Montevideo in 2026, the useful buyer range is about UYU 3.8-13.0 million, or USD 95,000-320,000, or EUR 82,000-278,000, with the low end usually inland and the high end usually near the Rambla.
How much is a studio apartment in Montevideo in 2026?
As of June 2026, a typical studio apartment in Montevideo costs about UYU 4.5 million, or USD 110,000, or EUR 95,000, if the unit is rentable, well located and not in a building with excessive common charges.
For a normal studio apartment in Montevideo, entry-level to mid-range prices usually run from UYU 3.4-5.1 million, or USD 85,000-125,000, or EUR 74,000-109,000, while high-end studios in Pocitos, Punta Carretas or near the Rambla can reach UYU 5.3-6.3 million, or USD 130,000-155,000, or EUR 113,000-135,000.
The typical studio apartment size in Montevideo is about 30-40 m², and the smallest studios often have the highest price per m² because many investors compete for the same easy-to-rent format.
How much is a one-bedroom apartment in Montevideo in 2026?
As of June 2026, a typical one-bedroom apartment in Montevideo costs about UYU 6.1 million, or USD 150,000, or EUR 130,000, which makes it the most practical format for many foreign amateur buyers.
For a one-bedroom apartment in Montevideo in 2026, entry-level to mid-range prices usually run from UYU 4.9-7.1 million, or USD 120,000-175,000, or EUR 104,000-152,000, while high-end one-bedroom units in Pocitos, Punta Carretas, Parque Rodó or Puerto Buceo can reach UYU 7.7-9.3 million, or USD 190,000-230,000, or EUR 165,000-200,000.
The typical one-bedroom apartment size in Montevideo is about 45-55 m², which is large enough for stable tenants but still small enough to keep maintenance and vacancy risk manageable.
How much is a two-bedroom apartment in Montevideo in 2026?
As of June 2026, a typical two-bedroom apartment in Montevideo costs about UYU 8.7 million, or USD 215,000, or EUR 187,000, with a wide difference between inland practical neighborhoods and the coastal east side.
For a two-bedroom apartment in Montevideo, entry-level to mid-range prices usually run from UYU 6.9-10.5 million, or USD 170,000-260,000, or EUR 148,000-226,000, while high-end two-bedroom units in Pocitos, Punta Carretas, Malvín, Buceo or Carrasco can cost UYU 11.3-16.2 million, or USD 280,000-400,000, or EUR 243,000-348,000.
Two-bedroom apartments in Montevideo are often 65-80 m², so they suit owner-occupiers and long-term tenants, but the gross yield is usually lower than on studios or one-bedroom units.
By the way, you will find much more detailed price ranges for apartments in our property pack covering the property market in Montevideo.
How much is a three-bedroom apartment in Montevideo in 2026?
As of June 2026, a typical three-bedroom apartment in Montevideo costs about UYU 12.8 million, or USD 315,000, or EUR 274,000, although the range becomes very wide once sea views, garages and building amenities enter the picture.
For a three-bedroom apartment in Montevideo, entry-level to mid-range prices usually run from UYU 8.9-17.0 million, or USD 220,000-420,000, or EUR 191,000-365,000, while high-end or luxury three-bedroom apartments in Carrasco, Punta Carretas, Pocitos waterfront or Puerto Buceo can cost UYU 18.2-32.4 million or more, or USD 450,000-800,000 or more, or EUR 391,000-696,000 or more.
The typical three-bedroom apartment size in Montevideo is about 90-115 m², which means the buyer must pay close attention to common charges, heating costs and future building repairs.
What's the price gap between new and resale apartments in Montevideo in 2026?
As of June 2026, new-build apartments in Montevideo are usually about 15-25% more expensive than comparable resale apartments, with a practical central estimate of 20%.
The estimated average price for new-build or promoted apartments in Montevideo in 2026 is about UYU 119,000-132,000 per m², or USD 2,950-3,250 per m², or EUR 2,565-2,825 per m².
The estimated average resale apartment price in Montevideo in 2026 is about UYU 99,000-109,000 per m², or USD 2,450-2,700 per m², or EUR 2,130-2,350 per m², so the resale market is still the cheaper entry point if the building is healthy.
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Can I afford to buy in Montevideo in 2026?
What's the typical total budget (all-in) to buy an apartment in Montevideo in 2026?
As of June 2026, the typical all-in budget to buy a standard apartment in Montevideo is about UYU 7.6 million, or USD 187,000, or EUR 163,000, if the agreed purchase price is around USD 175,000 and the buyer uses a normal brokered cash-purchase budget.
This all-in budget in Montevideo normally includes the purchase price, ITP transfer tax, notary fees, registry and certificate costs, possible broker commission, and extra foreign-buyer items such as translations, apostilles or a power of attorney.
We go deeper and try to understand what costs can be avoided or minimized (and how) in our Montevideo property pack.
What down payment is typical to buy in Montevideo in 2026?
As of June 2026, a foreign buyer should expect a typical down payment of 40-60% in Montevideo, which means about UYU 2.8-4.3 million, or USD 70,000-105,000, or EUR 61,000-91,000, on a USD 175,000 apartment before closing costs.
The minimum down payment for strong local borrowers can be much lower, sometimes around 10-25%, but foreign buyers often face stricter income checks, residency checks and bank appetite limits.
For better mortgage terms in Montevideo in 2026, a foreign amateur buyer should plan around 40-50% equity, because this makes the file easier for the bank and reduces the risk of a stressful monthly payment.
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Which neighborhoods are cheapest or priciest in Montevideo in 2026?
How much does the price per m² for apartments vary by neighborhood in Montevideo in 2026?
As of June 2026, apartment prices in Montevideo vary from about UYU 49,000-182,000 per m², or USD 1,200-4,500 per m², or EUR 1,040-3,910 per m², depending mainly on neighborhood, building age, garage, sea view and common charges.
The most affordable apartment neighborhoods in Montevideo include Cerro, La Teja, Unión, Reducto, Goes, Aguada and parts of Centro, where realistic prices often sit around UYU 49,000-97,000 per m², or USD 1,200-2,400 per m², or EUR 1,040-2,090 per m².
The most expensive apartment neighborhoods in Montevideo are Carrasco, Punta Carretas, Pocitos, Pocitos Nuevo, Puerto Buceo and the best parts of Malvín, where realistic prices often sit around UYU 126,000-182,000 per m², or USD 3,100-4,500 per m², or EUR 2,695-3,910 per m².
What neighborhoods are best for first-time buyers on a budget in Montevideo in 2026?
As of June 2026, the top three Montevideo neighborhoods for first-time buyers on a budget are Cordón, La Blanqueada and Tres Cruces, with Goes and Aguada also worth checking for smaller investment apartments.
In these budget-friendly Montevideo neighborhoods, a realistic apartment price range is about UYU 4.9-7.3 million, or USD 120,000-180,000, or EUR 104,000-157,000, for a good studio or one-bedroom unit.
Cordón, La Blanqueada and Tres Cruces work well for first-time buyers because they offer buses, universities, hospitals, shops, tenant demand and a much lower entry price than Pocitos or Punta Carretas.
The trade-off is that these budget-friendly Montevideo neighborhoods can be less polished block by block, so a buyer must check building maintenance, noise, security perception and resale liquidity carefully.
Which neighborhoods have the fastest-rising apartment prices in Montevideo in 2026?
As of June 2026, the fastest-rising apartment neighborhoods in Montevideo are likely Cordón, La Blanqueada and Goes, with Tres Cruces and Parque Rodó also showing strong buyer interest.
A realistic year-over-year price increase estimate for these faster-appreciating Montevideo neighborhoods is about 6-10% in the best small-apartment segments, compared with a more normal citywide increase closer to 4-6%.
The main driver is the overlap of promoted housing, central rental demand, universities, hospitals, transport and lower entry prices, which gives these neighborhoods more room to rise than already-expensive Punta Carretas or Carrasco.
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What extra costs will I pay on top of the apartment price in Montevideo in 2026?
What are all the buyer closing costs when you buy an apartment in Montevideo?
For a typical USD 175,000 apartment purchase in Montevideo, buyer closing costs are usually about UYU 460,000-600,000, or USD 11,000-15,000, or EUR 9,600-13,000, if a broker commission applies.
The main buyer closing costs in Montevideo are ITP transfer tax, escribano fees, registry fees, certificates, possible real-estate agent commission, mortgage setup costs and small foreign-buyer paperwork costs.
The largest practical closing cost is usually the notary fee or the real-estate agent commission, because ITP is often calculated on official fiscal value rather than the full market price.
Some closing costs in Montevideo are fixed or legal, but broker commission, mortgage costs, paperwork costs and the final all-in burden can vary from one transaction to another.
On average, how much are buyer closing costs as a percentage of the purchase price for an apartment in Montevideo?
For an apartment in Montevideo, a buyer should usually budget 6.5-8.5% of the purchase price for closing costs if a broker commission applies.
The realistic low-to-high range for most standard Montevideo apartment purchases is about 3.5-5.0% without a buyer-side broker commission and 7.5-10.0% if the purchase is financed and brokered.
We actually cover all these costs and strategies to minimize them in our pack about the real estate market in Montevideo.
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An increasing number of foreign investors are showing interest. However, 90% of them will make mistakes. Avoid the pitfalls with our comprehensive guide.
What are the ongoing monthly and yearly costs of an apartment in Montevideo in 2026?
What are typical HOA fees in Montevideo right now?
HOA fees are very common in Montevideo and are called gastos comunes, and a normal apartment owner should expect about UYU 4,500-12,000 per month, or USD 110-300, or EUR 95-260, depending on size and building services.
The realistic range of gastos comunes in Montevideo is about UYU 3,000-6,000 per month for a simple studio, or USD 75-150, or EUR 65-130, and UYU 18,000-45,000 or more for a premium tower, or USD 445-1,110 or more, or EUR 385-965 or more.
What utilities should I budget monthly in Montevideo right now?
For a typical occupied apartment in Montevideo in 2026, monthly utilities are about UYU 5,000-10,500, or USD 125-260, or EUR 110-225, before gastos comunes.
The realistic utility range in Montevideo is about UYU 4,000-8,000 per month for a studio, or USD 100-200, or EUR 85-170, and UYU 8,000-16,000 per month for a two-bedroom apartment, or USD 200-395, or EUR 170-345.
This normal Montevideo apartment utility budget includes UTE electricity, OSE water, Antel fibre internet, gas or heating allowance, and small monthly service costs.
Electricity is usually the most expensive utility for apartment owners in Montevideo, especially in winter, in summer with air conditioning, or in larger apartments with electric heating.
How much is property tax on apartments in Montevideo?
For a normal apartment in Montevideo, annual property tax is usually about UYU 10,000-50,000, or USD 250-1,235, or EUR 215-1,070, depending on the official taxable value.
Montevideo’s main property tax is Contribución Inmobiliaria, and the Intendencia calculates it on official property value using progressive rates rather than simply charging a fixed percentage of the purchase price.
The realistic annual property-tax range for Montevideo apartments is about UYU 10,000-25,000 for small units, or USD 250-620, or EUR 215-535, and UYU 50,000-120,000 or more for premium coastal apartments, or USD 1,235-2,965 or more, or EUR 1,070-2,570 or more.
What's the yearly building maintenance cost in Montevideo?
For a normal apartment owner in Montevideo, yearly building and unit maintenance should be budgeted at about UYU 30,000-60,000, or USD 750-1,500, or EUR 650-1,300, on a USD 150,000 one-bedroom apartment.
The realistic yearly maintenance range in Montevideo is about 0.3-0.5% of the property value for a newer small unit, 0.6-1.0% for a normal older apartment, and 1.0-1.5% for an old building with elevator, façade or plumbing risk.
Building maintenance in Montevideo usually covers elevators, cleaning, lighting, administration, small repairs, insurance for common areas and sometimes heating or security, while private-unit repairs remain the owner’s responsibility.
Most routine building maintenance is included in gastos comunes, but Montevideo apartment owners should still keep extra cash for special assessments and private repairs inside the unit.
How much does home insurance cost in Montevideo?
For a normal apartment in Montevideo, annual home insurance usually costs about UYU 8,000-16,000, or USD 200-400, or EUR 170-345, for a sensible owner policy.
The realistic annual home-insurance range in Montevideo is about UYU 5,000-10,000 for basic contents or fire coverage, or USD 120-250, or EUR 105-215, and UYU 16,000-32,000 for larger or premium apartments, or USD 400-800, or EUR 345-695.
Home insurance is usually optional for cash buyers in Montevideo, but it can become mandatory when a bank finances the apartment and requires mortgage-linked coverage.
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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 Montevideo, 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 |
|---|---|---|
| Instituto Nacional de Estadística, Indicadores de Mercado de Alquileres y Compraventa | INE is Uruguay’s official statistics agency for real-estate market indicators. | We used it to anchor the broad transaction trend in Uruguay and Montevideo. We treated it as the official reality check against portal asking prices. |
| INE, IAI Compraventa Febrero-Marzo 2026 | This report tracks official real-estate transaction activity and price direction. | We used it to confirm that property transaction values were still rising into 2026. We cross-checked this trend before estimating Montevideo apartment values. |
| Agencia Nacional de Vivienda, Informe de precios al 1° de enero de 2026 | ANV is the official source for promoted-housing sales declarations. | We used it to price new and promoted apartments in Montevideo. We used its built and habitable m² data as the hard anchor for new-build values. |
| Agencia Nacional de Vivienda, Informes de precios | This archive shows how promoted-housing prices have moved over time. | We used it to compare the latest 2026 report with earlier 2024 and 2025 reports. We used the trend to estimate the new-build premium. |
| Banco Central del Uruguay, estadísticas e indicadores | BCU is Uruguay’s central bank and the core financial-context source. | We used it for currency, rates and mortgage-market context. We also used it to keep buyer affordability assumptions conservative. |
| BCU working paper on real-estate offer prices and Inmuebles Data | This paper explains how large portal datasets are used for Montevideo prices. | We used it to justify using portal listings for neighborhood-level detail. We did not treat offer prices as final sale prices. |
| Inmuebles Data, El País and Gallito Luis | It tracks a large listing universe by neighborhood, sale and rent. | We used it for neighborhood spreads and bedroom-level price ranges. We adjusted asking prices downward to estimate achievable transaction prices. |
| InfoCasas, Radiografía 2025 | InfoCasas is one of Uruguay’s major property portals. | We used it to understand demand, supply and 2025 carry-over into 2026. We cross-checked its portal data with official INE and ANV figures. |
| InfoCasas, Informe de rentabilidad anual por barrios Montevideo | This report gives neighborhood rental-yield estimates from a large portal sample. | We used it to identify stronger and weaker yield neighborhoods. We treated gross yields as a starting point before costs. |
| Dirección General Impositiva, ITP | DGI is Uruguay’s official tax authority for transfer tax. | We used it to explain the ITP base and who is liable. We then estimated the buyer’s practical closing-cost burden. |
| Intendencia de Montevideo, Contribución Inmobiliaria | This is the official municipal source for Montevideo property tax. | We used it to explain who pays property tax in Montevideo. We combined it with the 2026 calculation document for owner budgets. |
| Intendencia de Montevideo, Cálculo Contribución Inmobiliaria 2026 | It gives the 2026 municipal calculation rules for property tax. | We used it to estimate yearly property-tax ranges for apartments. We translated the official taxable-value logic into simple buyer budget numbers. |
| URSEA and OSE, 2026 water tariff adjustment | URSEA is the regulator and OSE is Uruguay’s national water utility. | We used it to estimate water bills for Montevideo apartments. We combined official tariffs with normal apartment consumption ranges. |
| URSEA and UTE, 2026 electricity tariff adjustment | URSEA and UTE are the official electricity tariff sources. | We used it to estimate electricity budgets for apartment owners. We separated small studios from larger apartments with heating or air conditioning. |
| Antel residential internet plans | Antel is Uruguay’s state telecom operator and a key internet-price benchmark. | We used it to estimate monthly fibre internet costs. We included internet because it is a normal apartment utility in Montevideo. |
| Uruguay official housing-loan guide | This official guide summarizes mortgage options for home buyers. | We used it to frame down-payment assumptions. We kept a more conservative estimate for foreign buyers and non-residents. |
| Banco Hipotecario del Uruguay | BHU is Uruguay’s specialist housing-finance bank. | We used it to understand mortgage-market norms for residential buyers. We did not assume foreign buyers receive the same terms as local salaried residents. |
| Wise, USD to UYU exchange-rate history | Wise provides recent exchange-rate history useful for buyer conversions. | We used it to round USD to Uruguayan peso conversions for June 2026. We kept the exchange-rate assumption simple to reduce reader confusion. |
| Exchange-Rates.org, EUR to UYU history | It provides recent euro to Uruguayan peso exchange-rate history. | We used it to round EUR conversions for foreign readers. We treated EUR figures as planning estimates, not exact bank conversion quotes. |
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