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How much does it cost to rent an apartment in Palermo? - La Nación Propiedades
Source:
Cuánto cuesta alquilar un departamento en Palermo
El barrio sigue siendo una de las zonas más elegidas de Buenos Aires; los valores para alquilar por tipología
www.lanacion.com.ar
January 01, 2025
The neighborhood remains one of the most popular areas in Buenos Aires; rental prices by type
How much does it cost to rent an apartment in Palermo?Daniel Basualdo
Read the summary and glossary generated by artificial intelligence.
In the dynamic rental market of the city of Buenos Aires , Palermo stands out as one of the most sought-after neighborhoods , thanks to its cultural and gastronomic life and its variety of residential options. Although the pace of price increases has moderated in the last month, rental values in Palermo remain above average , consolidating its attractiveness for those looking for a vibrant and well-connected area.
In addition, it is one of the most sought-after and diverse neighborhoods in the city, with areas such as Palermo Soho and Palermo Hollywood , with an offer of nightlife, green spaces and a varied gastronomy that makes it especially attractive for young tenants and professionals.
According to Zonaprop 's latest report for December, listing prices in the city of Buenos Aires rose 2.3% in December compared to the previous month - 0.1% less than inflation, which was 2.4% - and accumulated an increase of 112% in 2024.
Palermo offers a variety of options for those looking to rent in a vibrant neighborhood full of possibilities.Julian Bongiovanni
How much does it cost to rent in Palermo?
- Studio Apartment: Renting a studio apartment in Palermo costs, on average, $523,800 per month . This type of unit usually attracts those looking for an affordable option in terms of size, without sacrificing location.
- One-bedroom apartments: Two-room apartments, ideal for couples or people looking for extra space, cost $610,098 per month . The location and nearby services influence this figure.
- Two-bedroom apartments: For those who need more space, two-bedroom apartments in Palermo have an average value of $854,500 .
- Three-bedroom apartments: Families looking to settle in Palermo with more space will find a four-room apartment to be a comfortable option, albeit at a high cost. The average rent is $1,270,100 per month , which reflects both the surface area and the strategic location in high-demand residential areas.
Libertador Avenue defends the most expensive rents in the neighborhood Gerardo Viercovich - THE NATION
Factors that affect prices
Palermo is a gastronomic and cultural hub that attracts mainly a younger public , who seek out the entertainment, restaurants and nightlife that the neighborhood offers. Its mix of modernity, green spaces and urban life makes it an ideal place for those looking for an active life in the city center.
Despite a slowdown in the pace of increases, the rental market in Palermo remains strong. Steady demand and the wealth of amenities the neighborhood offers ensure that prices continue to rise, albeit more moderately. With a diverse public and an ever-expanding supply, Palermo maintains its status as one of the most sought-after areas to rent in Buenos Aires.
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