The average rental prices of Two-room apartments in the City rose 4.5% in Augustabove the inflation that is estimated to be close to 3.8% in the eighth month of the year and is located in $485,881.
In 2024, the Rents accumulate an increase of 45%significantly below the inflation of these eight months (+94%).
Small apartments are the ones with the highest price increase this yearso much so that, the studio apartments cost more than $400,000 monthly.
Rents: the smallest apartments were the ones that increased the most in the year and a studio apartment already exceeds $400,000
A studio apartment of 40 m2 for rent $407,026 per month, while a two-room apartment and 50 m2 is achieved by $485,881 monthly and one of three environments and 70 m2by $656,551 monthly.
The rental price of new contracts is 4.5% per monthwhile in the last twelve months, it has accumulated an increase of 144.3%, well below the inflation (235.2%) and the adjustment of the ICL (244.5%).
The supply volume is 3.2 times higher than that recorded in February 2023, the lowest in the series.
On the podium of the most expensive neighborhoods to rent in the City is Puerto Madero with an average price of $1,019,112 monthly. Palermo and Nunez complete the ranking, with an average value of $534,806 and $537,217 monthly, respectively. At the other end of the podium is Luganoas the most affordable neighborhood to rent, with an average value of $320,165 per month. It is followed by Forest ($409,994 monthly) and Slaughterhouses ($413,039 per month).
Profitability: It takes 23 years to recover the purchase investment
Regarding the rent/price ratio, it decreases again and stands at 4.3% annuallyCurrently, it takes 23.3 years of rent to repay the initial investment, 25.9% more than what was needed a year ago.
Lugano, The Mouth and Avellaneda Park They are presented as the best options for finding income. With a return of 6.5%, 5.7% and 5.3%respectively. In contrast, Palermo It is the neighborhood with the lowest profitability, a 3.5%. They follow him Puerto Madero (3.5%) and Belgrano (3.6%).
Rents: Top 10 neighborhoods that increased the least in August
- Colegiales has a cost of $515,877 after increasing 1.8% in August (+113.1% yoy)
- Parque Chas has a cost of $506,228 after increasing 2.3% in August (+120.51% yoy)
- Parque Patricios costs $445,570 after increasing 2.5% in August (+148% yoy)
- Boedo costs $453,742 after increasing 2.7% in August (+129.2% yoy)
- Saavedra It costs $519,016 after increasing 2.7% in August (+142.8% yoy)
Rentals: Top 10 cheapest neighborhoods in August
- Lugano: $320,165 per month
- Forest: $409,994 per month
- Avellaneda Park: $413,039 per month
- Liniers: $419,456 per month
- Slaughterhouses: $419,924 per month
- Flowers: $431,175 per month
- La Boca: $432,366 per month
- Constitution: $434,222 per month
- Velez Sarsfield: $435,180 per month
- Barracks: $438,404 per month
Source: Ambito
