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Rentals: How much does a 1-bedroom cost in Greater Buenos Aires - La Nacion Propiedades
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Alquileres: cuánto cuesta un departamento de dos ambientes en zona norte, oeste y sur del Gran Buenos Aires
La oferta viene registrando un incremento en comparación con las publicaciones del 2023, cuando aún estaba en vigencia la ley de alquileres
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April 12, 2024
The offer has been registering an increase compared to the publications of 2023, when the rental law was still in force.
The supply of properties located outside the city has a great disparity in prices that is not only reflected between the northern, southern and western areas, there are also differences between the neighborhoods of the same municipality.
Renting at reasonable prices continues to be a journey in Greater Buenos Aires (GBA) . Although in February the increase in rents in the west/south zone rose by 8.5% and in the north zone an increase of 8.3% was recorded and they reached levels below inflation, which was 13.2%, they are above the increases in the city of Buenos Aires, of 2.9% month-on-month.
According to the latest Zonaprop survey , in the northern, southern and western areas the supply values for apartments for rent are very varied, with average prices for a two-room apartment ranging from $175,040 , in Burzaco - the cheapest neighborhood - to $528,554 per month, in Nordelta -the most expensive area-.
But, despite this increase, they continue to be behind the prices of the city of Buenos Aires (CABA) , where the average rental value of a two-bedroom is $416,991 . On the other hand, an average rent for an apartment of the same type in the municipalities surveyed in the western and southern GBA is $256,858 per month , and in the northern zone the value is $363,590 .
Rentals in the northern area February
Rental values zone by zone in GBA north, south and west
North Zone
The prices of new contracts experienced an increase of 8.3% in the last month, after rising 15.9% in January and 16.8% in December.In this way, Nordelta, Vicente López and Manuel Alberti are located as the neighborhoods with the most expensive average rental price for a two-room apartment , with $528,554, $522,285 and $502,847 per month respectively .
While on the opposite side there are: San Miguel, Muñiz and Villa Ballester, with the most economical values : $261,346, $269,988 and $276,843 per month, respectively.
For its part, La Lucila ($445,365), Florida ($424,276), San Isidro ($420,963), Beccar ($383,685) and La Lonja ($313,884) are presented with properties with prices located in the middle zone .
Regarding the profitability of an apartment for rent in this area, there is a slight decline compared to the previous month, standing at 3.65% annually, while in January it was 3.82%. This means that it takes approximately 27.4 years of rental to recover the initial investment, which is 10% less time compared to the previous year.
A relevant fact for any investor looking to buy a property to rent is that the Manuel Alberti and Belén de Escobar neighborhoods show the highest gross return, with 5.2% and 4.8% respectively. Therefore, these neighborhoods are emerging as the most attractive options for investors looking for a stable source of income.
Manuel Alberti, Belén de Escobar and Pilar are positioned as the best neighborhoods to generate profitability
West and south zone
On the other hand, prices in the western and southern areas experienced an increase of 8.5%, with average values for a two-room apartment of $ 256,858 . When the comparison is made with the other areas, the values are lower: 29.36% less compared to GBA north ($ 363,590 on average per month) and 38.4% lower than that of CABA ($ 416,991 in monthly average).
When comparing the prices of each neighborhood, Wilde tops the list of the most expensive , with a monthly value of $296,182, closely followed by Castelar and Avellaneda , with $293,765 and $293,031 respectively. On the other hand, at the opposite extreme, the most affordable rentals are found in Burzaco, Moreno and Villa Luzuriaga, with $175,040, $197,455 and $210,758 respectively.
For its part, the middle zone is characterized by the following neighborhoods:
- Quilmes: $282,346
- Caseros: $267,266
- San Justo: $260,171
- Villa Remedios de Escalada: $255,705
- Haedo: $236,808
A key fact to keep in mind is that profitability in western and southern GBA rises slightly and stands at 3.35% annually , while last month it was 3.19%. This implies that it takes approximately 29.9 years of rental to recover the initial investment and represents an increase of 4% compared to the previous year. In this case, Ciudadela stands out, with 5.3%, as the best neighborhood for investors seeking income. While Adrogué is the one with the lowest gross return, with 2.9%.
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