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Rents: New contracts increase above inflation - La Nacion Propiedades
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Alquileres: los nuevos contratos aumentan por encima de la inflación
En la ciudad de Buenos Aires, los precios de los departamentos que se publican en los principales portales inmobiliarios lo hacen por encima de la inflación
www.lanacion.com.ar
March 06, 2025
In the city of Buenos Aires, apartment prices published on the main real estate portals are above inflation.
Rentals: Listed apartment prices increased by 3.7% in February compared to the previous month.
Month after month, rental prices coming onto the market are published with increases that vary depending on various economic factors. Despite inflation slowing, new lease prices continue to rise above the Consumer Price Index (CPI).
In this regard, the average rent for a one-bedroom apartment in Buenos Aires rose 3.7% in February , 1.5 percentage points higher than the inflation rate reported by INDEC in January (2.2%, the latest report), according to the Zonaprop report for the second month of the year.
In the first two months of the year, the listed price has increased by 6.6% , while in the last 12 months it has increased by 40.7% . " Small apartments are the ones with the greatest year-over-year price increases ," explains the real estate platform.
In concrete numbers: a 40 m² studio apartment rents on average for $489,115 per month, a 50 m² one-bedroom apartment rents for $586,791 , and a 70 m² two bedroom apartment rents for $788,847 .
Since the pandemic, rental supply has consistently declined , reaching a historic low in February 2023. However, in January 2024, the month following the repeal of the rental law, the supply of traditional rental apartments in Buenos Aires increased by 62% compared to the previous month . Since then, growth has moderated , leading to an 8.2% drop this month . Despite this decline, the current supply volume is 2.9 times higher than that recorded in the second month of 2023.
“ The rental market continues to seek equilibrium , and so far this year, the listing price has fallen in real terms,” shares Soledad Balayan, owner of Maure Inmobiliaria. Analysts agree that this reduction is due to a stabilization of the real estate market, as owners adapted to the new rules established by the DNU and returned to renting their units.
Rental prices in the most expensive and cheapest neighborhoods
Depending on the area in which the properties are located, apartment prices vary: the real estate portal lists the average monthly prices for apartments in different neighborhoods of the city, using one bedroom units as a specific example .The neighborhoods with the most expensive one-bedroom rents
- Puerto Madero : $994,694
- Palermo : $654,940
- Núñez : $650,901
- Saavedra : $635,397
- Coghlan : $633,247
Rents in Saavedra average around $635,397 for a one-bedroom apartment. FABIAN MARELLI
Intermediate rental prices for one-bedroom apartments
- Villa Urquiza : $609,747
- Retiro : $571,703
- Nueva Pompeya: $562,599
- Villa Pueyrredón : 556,624
- Flores: $537,144
Prices for two-bedroom apartments in the most affordable neighborhoods
- Constitution : $518,394
- Vélez Sarsfield : $517,448
- Mataderos : $508,150
- Floresta: $501,711
- Lugano : $425,064
Regarding year-on-year increases , it can be observed that: Parque Avellaneda, Nueva Pompeya and Liniers were the neighborhoods that had the greatest variation in the last 12 months with: 69.3%, 65.6% and 65.2% respectively.
While, on the other hand , Palermo (30.6%), Puerto Madero (27.2%) and Retiro (24.4%) were the ones that increased the least.
Palermo is one of the neighborhoods where prices have risen the least in the last year.Daniel Basualdo
Neighborhoods where it is best to buy to rent
For investors considering purchasing an apartment to rent out, Zonaprop clarifies that the rental-price ratio is declining slightly, now at 5.20% annually. Thus, it currently takes 19.2 years of rentals to recover the initial investment , 8.5% less than what was required a year ago.Nueva Pompeya and Lugano top the list of neighborhoods with the best options for investors seeking rental properties, with a return of 8.4% each. Parque Avellaneda completes the list, with a return of 7.6%. In contrast, Puerto Madero, Palermo, and Belgrano are the neighborhoods with the lowest returns , with 3.4%, 4.2%, and 4.3%, respectively.
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