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How much does it cost to rent in Buenos Aires today: the 5 most expensive and cheapest neighborhoods in the city - Infobae
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www.infobae.com
March 27, 2025
The repeal of the Rental Law and increased supply moderated price increases. one- and two-bedroom units are leading the demand, and prices are rising below inflation.
A woman walks through an apartment with the intention of renting it (Illustrative Image Infobae)
The rental market in Buenos Aires is experiencing a slowdown in price increases, following several quarters marked by sharp increases. According to Reporte Inmobiliario, the latest survey, corresponding to February 2025, confirmed that prices remain below general inflation, with year-over-year growth of 96.9% for two-bedroom apartments and 92.6% for three-bedroom apartments, compared to a cumulative inflation of 66.9% over the last twelve months .
The difference of more than 20 percentage points compared to the general inflation rate is not an isolated incident. Since the end of 2023, a progressive moderation in the increases has been observed.
In the December-February 2024-2025 quarter, the increase was 10.5%, well below the peaks of 63% and 73% recorded in the first half of 2023. Since the repeal of the Rental Law, adjustments slowed quarter after quarter: 27.8% in March-May 2024, 20.7% in June-August, 12.9% in September-November, until reaching the current record.
According to data from Reporte Inmobiliario, the median price for a used two-bedroom apartment in August 2024 was $548,375, while a three-bedroom unit exceeded 734,703 pesos.
These prices, while moderate in their increases, remain high for tenants who have not recovered their purchasing power or, with their income, kept up with inflation over the last 15 months.
Germán Gómez Picasso , of Reporte Inmobiliario, attributes the decline in the adjustment percentages to the strong prior impact of the repealed regulation. "The previous increases, coupled with the lack of supply, had pushed prices well above reasonable levels. The regulatory change allowed supply to recover, and that kept prices in check," he explained.
While increases in Buenos Aires City remain moderate, in other districts of the country, such as Greater Buenos Aires and cities in the interior, the increases are already in line with general inflation. This is partly due to a lower relative supply in those areas, compared to greater availability in Buenos Aires. Furthermore, in several cities, less construction has taken place, and there is also a shortage of new properties.
Beyond the current situation, the housing problem persists. Each year, approximately 50,000 homes are added to the existing deficit, a result of population growth and immigration, according to sector estimates. The number of new homes is insufficient to meet this structural demand, thus maintaining pressure on the market.
The type of unit also influences appreciation. One- and two-bedroom properties are the most sought-after. “There is little interest in studio apartments, both for rent and for purchase. With a relatively low price difference, many people choose one-bedroom units,” explained Gómez Picasso.
This preference is reinforced by the oversupply of studio apartments registered in Buenos Aires over the last twenty years.
Villa Lugano, one of the most affordable neighborhoods for renting homes
The market's reconfiguration also attracted new investors, according to the specialist. "After several years in which the segment was paralyzed, buyers interested in allocating their savings to renting began to enter the market again. This increased participation directly impacts unit availability and helps contain prices."
Regarding future developments, prices are expected to gradually align with general inflation. " Post-repeal supply has already reached a ceiling . If demand remains strong and new housing is not added, prices could resume a trajectory similar to that of other districts," he noted.
For now, the situation in Buenos Aires remains fragile. The combination of increased supply, more predictable conditions, and sustained demand explain the relative stability of recent months. However, the situation could change if investment declines, construction slows, or the flow of new units into the rental market is interrupted.
Below, based on data from the Real Estate Report, are the average prices for one- and two-bedroom apartments.
Five most expensive neighborhoods – 1 bedroom
Five cheapest neighborhoods – 1 bedroom
Five most expensive neighborhoods – 2 bedrooms
Five cheapest neighborhoods – 2-bedroom apartments
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Source:
Cuánto hay que pagar hoy para alquilar en Buenos Aires: los 5 barrios más caros y los más baratos de la ciudad
La derogación de la Ley de Alquileres y el crecimiento de la oferta moderaron los incrementos en los precios. Las unidades de dos y tres ambientes lideran la demanda y los valores aumentan por debajo de la inflación
www.infobae.com
March 27, 2025
The repeal of the Rental Law and increased supply moderated price increases. one- and two-bedroom units are leading the demand, and prices are rising below inflation.
A woman walks through an apartment with the intention of renting it (Illustrative Image Infobae)
The rental market in Buenos Aires is experiencing a slowdown in price increases, following several quarters marked by sharp increases. According to Reporte Inmobiliario, the latest survey, corresponding to February 2025, confirmed that prices remain below general inflation, with year-over-year growth of 96.9% for two-bedroom apartments and 92.6% for three-bedroom apartments, compared to a cumulative inflation of 66.9% over the last twelve months .
The difference of more than 20 percentage points compared to the general inflation rate is not an isolated incident. Since the end of 2023, a progressive moderation in the increases has been observed.
In the December-February 2024-2025 quarter, the increase was 10.5%, well below the peaks of 63% and 73% recorded in the first half of 2023. Since the repeal of the Rental Law, adjustments slowed quarter after quarter: 27.8% in March-May 2024, 20.7% in June-August, 12.9% in September-November, until reaching the current record.
According to data from Reporte Inmobiliario, the median price for a used two-bedroom apartment in August 2024 was $548,375, while a three-bedroom unit exceeded 734,703 pesos.
These prices, while moderate in their increases, remain high for tenants who have not recovered their purchasing power or, with their income, kept up with inflation over the last 15 months.
Why they increase below inflation
Greater availability of rentals explains part of this moderation. Since the repeal of the previous regulations, the number of properties listed for rent on the main portals has steadily increased.Germán Gómez Picasso , of Reporte Inmobiliario, attributes the decline in the adjustment percentages to the strong prior impact of the repealed regulation. "The previous increases, coupled with the lack of supply, had pushed prices well above reasonable levels. The regulatory change allowed supply to recover, and that kept prices in check," he explained.
While increases in Buenos Aires City remain moderate, in other districts of the country, such as Greater Buenos Aires and cities in the interior, the increases are already in line with general inflation. This is partly due to a lower relative supply in those areas, compared to greater availability in Buenos Aires. Furthermore, in several cities, less construction has taken place, and there is also a shortage of new properties.
Beyond the current situation, the housing problem persists. Each year, approximately 50,000 homes are added to the existing deficit, a result of population growth and immigration, according to sector estimates. The number of new homes is insufficient to meet this structural demand, thus maintaining pressure on the market.
The most and least expensive neighborhoods
The most expensive neighborhoods are concentrated in the northern corridor, while the most affordable are located in the south of the city. Although there are specific exceptions, this division has remained stable for decades. Belgrano, Palermo, Colegiales, Recoleta, and Villa Urquiza are among the areas with the highest prices. In contrast, Barracas, Nueva Pompeya, Villa Lugano, La Boca, and Parque Avellaneda offer more affordable options.The type of unit also influences appreciation. One- and two-bedroom properties are the most sought-after. “There is little interest in studio apartments, both for rent and for purchase. With a relatively low price difference, many people choose one-bedroom units,” explained Gómez Picasso.
This preference is reinforced by the oversupply of studio apartments registered in Buenos Aires over the last twenty years.
Villa Lugano, one of the most affordable neighborhoods for renting homes
The market's reconfiguration also attracted new investors, according to the specialist. "After several years in which the segment was paralyzed, buyers interested in allocating their savings to renting began to enter the market again. This increased participation directly impacts unit availability and helps contain prices."
Regarding future developments, prices are expected to gradually align with general inflation. " Post-repeal supply has already reached a ceiling . If demand remains strong and new housing is not added, prices could resume a trajectory similar to that of other districts," he noted.
For now, the situation in Buenos Aires remains fragile. The combination of increased supply, more predictable conditions, and sustained demand explain the relative stability of recent months. However, the situation could change if investment declines, construction slows, or the flow of new units into the rental market is interrupted.
Below, based on data from the Real Estate Report, are the average prices for one- and two-bedroom apartments.
Five most expensive neighborhoods – 1 bedroom
- Palermo: $856,555.
- Belgrano C: $772,855.
- Recoleta: $765,910.
- Barrio Norte: $746,250.
- Villa Urquiza: $575,000.
Five cheapest neighborhoods – 1 bedroom
- Villa Riachuelo: $350,000.
- Lugano: $390,000.
- Nueva Pompeya: $428,000.
- Constitucion: $475,715.
- San Cristobal: $481,000.
Five most expensive neighborhoods – 2 bedrooms
- Las Cañitas: $1,107,775.
- Belgrano C: $993,750.
- Recoleta: $1,090,910.
- Barrio Norte: $971,250.
- Palermo: $1,007,500.
Five cheapest neighborhoods – 2-bedroom apartments
- Villa Riachuelo: $475,000.
- Villa Lugano: $507,000.
- Nueva Pompeya: $584,000.
- Constitucion: $603,335.
- San Cristobal: $622,220.
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