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We constantly update this blog post so the rent figures in Uruguay stay useful for readers looking at the market in 2026.
In 2026, rents in Uruguay are rising slowly in pesos, but the market is not showing signs of a speculative boom.
For a foreign buyer, the most important rental markets in Uruguay are still Montevideo, Ciudad de la Costa and Maldonado.
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 Uruguay.
What are typical rents in Uruguay as of 2026?
As of June 2026, typical long-term apartment rents in Uruguay are about UYU 22,000 for a studio, UYU 28,000 for a 1-bedroom and UYU 38,000 for a 2-bedroom.
In simple USD terms, using about UYU 40 per USD, that means roughly USD 550, USD 700 and USD 950 per month.
In simple EUR terms, that is about EUR 505, EUR 645 and EUR 875 per month, using a practical 2026 conversion of about EUR 0.92 per USD.
What's the average monthly rent for a studio in Uruguay as of 2026?
As of 2026, the average monthly rent for a studio in Uruguay is about UYU 22,000, which is roughly USD 550 or EUR 505.
In practice, most studio rents in Uruguay in 2026 sit between UYU 19,000 and UYU 30,000 per month, or about USD 475 to USD 750 and EUR 435 to EUR 690.
This range is wide because studio rents in Uruguay change a lot depending on whether the unit is in Centro, Cordón, La Blanqueada, Pocitos, Punta Carretas, Buceo or a smaller interior city.
What's the average monthly rent for a 1-bedroom in Uruguay as of 2026?
As of 2026, the average monthly rent for a 1-bedroom apartment in Uruguay is about UYU 28,000, which is roughly USD 700 or EUR 645.
Most 1-bedroom apartments in Uruguay in 2026 rent for UYU 24,000 to UYU 32,000 per month, or about USD 600 to USD 800 and EUR 550 to EUR 735.
The cheapest 1-bedroom rents in Uruguay are often in Centro, Aguada and La Blanqueada, while the highest 1-bedroom rents are usually in Pocitos, Punta Carretas, Parque Rodó, Buceo and parts of Maldonado.
What's the average monthly rent for a 2-bedroom in Uruguay as of 2026?
As of 2026, the average monthly rent for a 2-bedroom apartment in Uruguay is about UYU 38,000, which is roughly USD 950 or EUR 875.
Most 2-bedroom apartments in Uruguay in 2026 rent for UYU 32,000 to UYU 45,000 per month, or about USD 800 to USD 1,125 and EUR 735 to EUR 1,035.
The cheapest 2-bedroom rents in Uruguay are often in older central zones and practical inland areas, while the most expensive 2-bedroom rents are usually in Pocitos, Punta Carretas, Buceo, Malvín, Carrasco and Punta del Este.
By the way, you will find much more detailed rent ranges in our property pack covering the real estate market in Uruguay.
What's the average rent per square meter in Uruguay as of 2026?
As of 2026, the average rent per square meter in Uruguay is about UYU 720 per m² per month, which is roughly USD 18 or EUR 17 per m².
Across Uruguay, a realistic 2026 range is about UYU 500 to UYU 850 per m² per month, or about USD 13 to USD 21 and EUR 12 to EUR 19 per m².
Compared with smaller interior cities in Uruguay, Montevideo and Punta del Este usually have higher rent per m² because tenants pay more for jobs, services, coastal locations and better buildings.
Small modern units, Rambla proximity, garage parking, a balcony, good sunlight, air conditioning and lower building fees usually push rent per m² in Uruguay above the national average.
How much have rents changed year-over-year in Uruguay in 2026?
As of 2026, average rents in Uruguay are up by about 5% year-over-year in pesos, based on the latest clean official INE reading available by June 2026.
The main drivers are index-linked rent adjustments, low but positive inflation, steady tenant demand in Montevideo and continued interest in smaller apartments.
This 2026 rent change is similar to a slow and stable market, not a boom, because rents are mostly moving close to inflation rather than far above it.
What's the outlook for rent growth in Uruguay in 2026?
As of 2026, a realistic rent-growth outlook for Uruguay is about 4% to 6% nominal growth for the full year.
The main forces behind Uruguay rent growth in 2026 are inflation indexation, steady employment, household formation, university demand and the supply of new promoted housing.
The strongest rent growth in Uruguay should be in Pocitos, Cordón, Parque Rodó, Punta Carretas, Buceo, Ciudad de la Costa and the best year-round parts of Punta del Este.
The main risks are a currency shock, weaker household incomes, too much new apartment supply in some Montevideo zones or a slowdown in demand from foreign residents.
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Which neighborhoods rent best in Uruguay as of 2026?
The best rental neighborhoods in Uruguay in 2026 are mostly in Montevideo, especially Pocitos, Punta Carretas, Cordón, Parque Rodó, Buceo, Malvín, La Blanqueada and Tres Cruces.
Outside Montevideo, strong long-term rental demand is mainly in Ciudad de la Costa, Solymar, Lagomar, El Pinar, Maldonado city and selected year-round parts of Punta del Este.
Which neighborhoods have the highest rents in Uruguay as of 2026?
As of 2026, the top high-rent areas in Uruguay are Carrasco, Punta Carretas and Pocitos, where good homes can often rent from about UYU 45,000 to more than UYU 100,000 per month, or USD 1,125 to more than USD 2,500 and EUR 1,035 to more than EUR 2,300.
These neighborhoods command premium rents because they offer safer-feeling streets, better buildings, sea access, schools, cafés, services, parking and strong tenant demand.
The usual tenants in these high-rent Uruguay neighborhoods are higher-income local families, executives, diplomats, expats, remote workers and couples who want comfort more than the lowest rent.
By the way, we’ve written a blog article detailing Sources and methodology: we used Mercado Libre Uruguay, InfoCasas and Global Property Guide. We compared premium listings with normal Montevideo apartment rents. We also used our own area-level rental analysis for Uruguay.
Where do young professionals prefer to rent in Uruguay right now?
The top Uruguay neighborhoods for young professionals in 2026 are Pocitos, Cordón and Parque Rodó, with Centro, Punta Carretas, Buceo and Tres Cruces also attracting many renters.
Young professionals in these Uruguay neighborhoods usually pay about UYU 24,000 to UYU 35,000 per month, or USD 600 to USD 875 and EUR 550 to EUR 805, for a studio or 1-bedroom.
These renters choose these areas because they want short commutes, cafés, gyms, nightlife, universities, buses, walkability and a location that feels easy for daily life.
By the way, you will find a detailed tenant analysis in our property pack covering the real estate market in Uruguay.
Where do families prefer to rent in Uruguay right now?
The top family rental areas in Uruguay in 2026 are Carrasco, Malvín and Ciudad de la Costa, with Punta Gorda, Parque Batlle, La Blanqueada, Prado, Solymar, Lagomar and El Pinar also important.
Families in these Uruguay areas usually pay about UYU 38,000 to UYU 75,000 per month, or USD 950 to USD 1,875 and EUR 875 to EUR 1,725, for a 2-bedroom or 3-bedroom home.
These neighborhoods attract families because they offer more space, calmer streets, parking, schools, parks, beaches, gardens and better access to everyday services.
Well-known education options near these family areas include The British Schools, Uruguayan American School, Scuola Italiana di Montevideo, Lycée Français Jules Supervielle and several private and public schools around Malvín and Parque Batlle.
Which areas near transit or universities rent faster in Uruguay in 2026?
As of 2026, the fastest areas near transit or universities in Uruguay are Cordón, Parque Rodó and Tres Cruces, followed by Centro, La Blanqueada, Aguada and Ciudad Vieja.
In these high-demand Montevideo areas, well-priced small apartments often stay listed for about 15 to 30 days, while weaker or overpriced units can take longer.
A good location near universities, bus corridors or Tres Cruces can add about UYU 2,000 to UYU 5,000 per month, or USD 50 to USD 125 and EUR 45 to EUR 115, compared with a similar but less convenient unit.
Which neighborhoods are most popular with expats in Uruguay right now?
The top expat rental neighborhoods in Uruguay in 2026 are Pocitos, Punta Carretas and Carrasco, with Ciudad Vieja, Parque Rodó, Buceo, Punta del Este and Atlántida also visible.
Expats in these Uruguay neighborhoods usually pay about UYU 32,000 to UYU 80,000 per month, or USD 800 to USD 2,000 and EUR 735 to EUR 1,840, depending on size and furnishing.
These areas attract expats because they offer walkability, sea access, international schools, restaurants, safer-feeling streets, furnished options and easier daily life for newcomers.
The most visible expat communities in these areas are often Argentinians, Brazilians, Americans, Europeans and regional remote workers, although local Uruguayans still make up most long-term renters.
And if you are also an expat, you may want to read our Sources and methodology: we used Mercado Libre Uruguay, InfoCasas and Global Property Guide. We separated expat demand from tourist demand. We also used our own Uruguay relocation and rental-market analysis.
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Who rents, and what do tenants want in Uruguay right now?
In 2026, Uruguay rental demand is mostly local, salaried and practical, even though expats and remote workers are visible in coastal and premium neighborhoods.
The most important local feature is the rental guarantee system, because a tenant with a clean ANDA, CGN or insurer guarantee can be more attractive than a tenant offering a higher rent without strong paperwork.
What tenant profiles dominate rentals in Uruguay?
The top tenant profiles in Uruguay are local salaried workers, young professionals and students, and small families.
A practical 2026 estimate is that local salaried workers represent about 45% of demand, young professionals and students about 30%, and small families about 20%, with expats and other profiles making up the rest.
Local workers usually seek studios and 1-bedrooms, young professionals and students seek small apartments near central Montevideo, and families seek 2-bedroom or 3-bedroom homes in Malvín, Carrasco, Parque Batlle, Prado or Ciudad de la Costa.
If you want to optimize your cashflow, you can read our Sources and methodology: we used INE Census 2023, CGN rental guarantee information and ANDA. We used official sources for housing and guarantee context. We added portal evidence and our own tenant analysis for practical shares.
Do tenants prefer furnished or unfurnished in Uruguay?
In Uruguay in 2026, a practical estimate is that 80% to 90% of normal long-term tenants prefer unfurnished rentals, while 10% to 20% prefer furnished rentals.
A furnished apartment in Uruguay can often earn about UYU 4,000 to UYU 10,000 more per month, or USD 100 to USD 250 and EUR 90 to EUR 230, if the location fits furnished demand.
Furnished rentals work best for expats, corporate tenants, students, remote workers and short-term transitional renters in Pocitos, Punta Carretas, Ciudad Vieja, Parque Rodó and Punta del Este.
Which amenities increase rent the most in Uruguay?
The top five amenities that increase rent in Uruguay are garage parking, balcony or terrace, air conditioning, doorman or security, and sea or Rambla proximity.
In Montevideo, garage parking can add UYU 3,000 to UYU 6,000 per month, a balcony or terrace can add UYU 2,000 to UYU 5,000, air conditioning can add UYU 1,000 to UYU 3,000, security can add UYU 2,000 to UYU 5,000, and sea proximity can add UYU 4,000 to UYU 10,000, which equals about USD 25 to USD 250 or EUR 20 to EUR 230 depending on the amenity.
In our property pack covering the real estate market in Uruguay, we cover what are the best investments a landlord can make.
What renovations get the best ROI for rentals in Uruguay?
The top five rental renovations in Uruguay are repainting and moisture repair, kitchen refresh, bathroom update, air conditioning, and better lighting with better photos.
For a small Montevideo apartment, these upgrades can cost about UYU 20,000 to UYU 250,000 in total, or USD 500 to USD 6,250 and EUR 460 to EUR 5,750, and can add about UYU 1,000 to UYU 8,000 per month if the location supports it.
Landlords in Uruguay should be careful with luxury finishes in average areas, expensive custom furniture, oversized appliances and renovations that raise common expenses without raising rent enough.
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How strong is rental demand in Uruguay as of 2026?
Rental demand in Uruguay in 2026 is solid, stable and local, but investors should not expect every apartment to rent fast at any price.
The best demand is for well-priced small and medium apartments in Montevideo, Ciudad de la Costa and year-round Maldonado areas.
What's the vacancy rate for rentals in Uruguay as of 2026?
As of 2026, a practical vacancy estimate for long-term rentals in Uruguay is about 6% to 10% nationally, with Montevideo closer to 4% to 6% for normal apartments.
Prime areas like Pocitos, Punta Carretas, Cordón and Buceo can be closer to 3% to 5%, while weaker interior markets and seasonal areas can sit above 10%.
Compared with Uruguay’s historical pattern, the current vacancy level looks normal rather than distressed, because good units still rent while overpriced or dated units take longer.
Finally please note that you will have all the indicators you need in our property pack covering the real estate market in Uruguay.
How many days do rentals stay listed in Uruguay as of 2026?
As of 2026, a well-priced rental apartment in Uruguay usually stays listed for about 25 to 40 days.
The realistic range is about 15 to 30 days for the best small units in Cordón, Pocitos, Centro, Parque Rodó and La Blanqueada, and 45 to 75 days for overpriced, dated or large units.
Compared with one year ago, days on market in Uruguay look broadly stable, because rent growth is moderate and tenants are still price-sensitive.
Which months have peak tenant demand in Uruguay?
The peak months for tenant demand in Uruguay are usually February, March and April, with a smaller second peak in July and August.
This pattern comes from university starts, job changes, post-summer moves, household changes and mid-year relocations.
The lowest demand months in Uruguay are often December and January for normal long-term rentals, although Punta del Este is different because summer tourist demand peaks at that time.
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What will my monthly costs be in Uruguay as of 2026?
For a small landlord in Uruguay in 2026, a safe operating-cost reserve is about 20% to 30% of gross rent before financing and income tax.
On a UYU 38,000 per month apartment, that means setting aside roughly UYU 7,500 to UYU 11,500 per month for vacancy, repairs, administration, insurance, municipal costs and building surprises.
What property taxes should landlords expect in Uruguay as of 2026?
As of 2026, a typical landlord in Uruguay should budget about UYU 25,000 to UYU 80,000 per year for property taxes and municipal charges on a normal apartment, or about USD 625 to USD 2,000 and EUR 575 to EUR 1,840.
The realistic range can be much lower or higher, from about UYU 15,000 to more than UYU 150,000 per year, or USD 375 to more than USD 3,750 and EUR 345 to more than EUR 3,450, depending on department, property value and location.
Property taxes in Uruguay are mostly local, and Montevideo calculates Contribución Inmobiliaria using the official property value, so there is no single national rate that works for every landlord.
Please note that, in our property pack covering the real estate market in Uruguay, we cover what exemptions or deductions may be available to reduce property taxes for landlords.
What utilities do landlords often pay in Uruguay right now?
In Uruguay in 2026, landlords usually pay property taxes, owner-side building charges, extraordinary building expenses and sometimes insurance or administration, while tenants usually pay electricity, water, internet and daily consumption.
A practical landlord-paid monthly reserve is about UYU 3,000 to UYU 8,000, or USD 75 to USD 200 and EUR 70 to EUR 185, before income tax and major repairs.
The common practice in Uruguay is to show common expenses separately, because high building fees can make an apartment harder to rent even when the headline rent looks fair.
How is rental income taxed in Uruguay as of 2026?
As of 2026, rental income in Uruguay is generally taxed under resident IRPF or non-resident IRNR rules, and a simple landlord reserve is about 10.5% to 12% of gross rent.
Main deductions and special treatments can depend on residency, ownership structure, guarantee withholding, expenses and whether the property qualifies under Uruguay’s promoted-housing regime.
The biggest Uruguay-specific tax mistakes are confusing resident and non-resident treatment, forgetting guarantee withholding, assuming one national property-tax rate and buying promoted housing without checking the exact tax benefit for that unit.
We cover these mistakes, among others, in our Sources and methodology: we used DGI rental income, DGI IRNR and CGN rental withholding. We used official tax sources for the rules. We simplified the explanation because final tax depends on the owner and the property.
We did some research and made this infographic to help you quickly compare rental yields of the major cities in Uruguay 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 Uruguay, 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 is useful | How we used it |
|---|---|---|
| INE Uruguay rental and sales indicators | INE is Uruguay’s official statistics office, so it is the strongest public source for rent movement. | We used it as the backbone for the rent trend in Uruguay. We gave it more weight than property portals for changes over time. |
| INE April 2026 rental release | This is the latest official rental-market release available by June 2026 in the research base. | We used it for the short-term rent direction. We used its monthly change to show that rents were steady, not booming. |
| INE March 2026 rental release | This official INE release gives a clear 12-month rent-growth figure before June 2026. | We used it for the year-over-year rent-growth figure. We treated the 4.97% reading as the cleanest official anchor. |
| INE Census 2023 | The census is the best public source for housing structure and population context in Uruguay. | We used it to understand renter depth and housing stock. We also used it to avoid treating Montevideo, Maldonado and the interior as one identical market. |
| Banco Central del Uruguay inflation data | BCU is Uruguay’s central bank and the main authority for inflation context. | We used it to compare rent growth with inflation. We used this comparison to judge whether rents were rising in real terms. |
| Banco Central del Uruguay exchange rates | BCU is the official source for currency rates in Uruguay. | We used it to convert Uruguay peso rents into USD. We used a simple working rate of about UYU 40 per USD. |
| DGI rental income page | DGI is Uruguay’s tax authority, so it is the primary source for landlord tax rules. | We used it to explain rental-income taxation. We kept the explanation simple because readers are individual investors. |
| DGI IRNR page | This is the official source for non-resident income tax in Uruguay. | We used it for non-resident landlord tax context. We separated it from resident treatment to avoid confusion. |
| Montevideo Contribución Inmobiliaria | Montevideo is Uruguay’s largest rental market, and this is the official local property-tax source. | We used it to explain who pays property tax. We treated Montevideo as the most relevant reference for foreign landlords. |
| Montevideo 2026 property-tax calculation PDF | This official municipal document explains how Montevideo frames its 2026 property-tax calculation. | We used it to show that property tax is value-based and local. We avoided giving one single national rate for Uruguay. |
| ANV promoted housing | ANV is Uruguay’s national housing agency and is central to promoted-housing policy. | We used it to explain why many new rental units are small investor-owned apartments. We also used it to identify areas where supply has been added. |
| ANV promoted-housing law | This official page explains Uruguay’s promoted-housing framework. | We used it to discuss new-build investor stock. We linked it to apartment-heavy areas such as Cordón, Centro and La Blanqueada. |
| CGN rental guarantee and withholding | This official source explains a major rental-guarantee and withholding system in Uruguay. | We used it to explain guarantees and tax withholding. We included the practical withholding reference because it affects landlord cashflow. |
| ANDA rental guarantee | ANDA is one of Uruguay’s best-known rental-guarantee providers. | We used it to explain tenant affordability filters. We treated guarantees as one of the most important Uruguay-specific rental features. |
| Mercado Libre Uruguay apartment listings | Mercado Libre is one of the largest live property-listing platforms in Uruguay. | We used it to triangulate asking rents by bedroom count and neighborhood. We treated it as asking-price evidence, not closed-contract evidence. |
| InfoCasas market report | InfoCasas is a major Uruguayan property portal with useful market and neighborhood context. | We used it to cross-check neighborhood demand and investor zones. We treated it as market texture, not as an official price index. |
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