The data shows that the index of rental contracts has been slowing down in recent months. In December, the increase was 208.67%, in November 227.3%, in October 238% and in September 243.1%.
These increases are calculated based on the index carried out by the Central Bank, which takes into account the variation in inflation (according to the INDEC CPI) and salaries, according to the average remuneration of stable workers (RIPTE).
How much will tenants pay compared to a year ago?
If, for example, a tenant began the contract in January 2023, and at that time paid $100,000, in January 2024 they should have paid for the property $237,500. In this way, in January 2025, applying the 190.67% increase, the tenant will pay $690,385.
Although the ICL shows a slowdown, the increase still implies a significant outlay of money for tenants who spend a large part of their salary on paying the rent.
Currently, the tenants that suffer strong annual increases because they are still tied to the old law of rentalsthey are trying to renegotiate with the owners or are terminating contracts, given that the prices of the rentals in the market they are being honest downwards
How much do rentals cost in CABA and GBA?
A two-room apartment in CABA rents for $538,324 per month, according to Zonaprop data, while a studio apartment rents for $454,375 and a three-room apartment rents for $725,189 per month.
Puerto Madero continues to be first in the ranking of the most expensive neighborhoods to rent, with an average price of $962,726 per month. Núñez and Palermo complete the podium, with an average value of $603,036 and $600,711 per month, respectively.
On the other hand, Lugano ($383,381 per month), Vélez Sársfield ($459,458 per month) and Parque Avellaneda ($465,072 per month) present the most economical offer.
For its part, in Greater Buenos Aires the rent A two-bedroom apartment costs $390,172 per month, while a three-bedroom apartment has an average price of $515,376 per month.
Renting in GBA west-south is 23% cheaper than renting in GBA north and 28% more accessible than CABA
Source: Ambito
I’m a recent graduate of the University of Missouri with a degree in journalism. I started working as a news reporter for 24 Hours World about two years ago, and I’ve been writing articles ever since. My main focus is automotive news, but I’ve also written about politics, lifestyle, and entertainment.
