A two-room apartment in CABA rents for an average of $485,881 per month. Lugano is the most affordable neighborhood
The average rental price for a two-room apartment in the City of Buenos Aires rose by 4.5% in August, slightly above the monthly inflation, indicating that the price slowdown of recent months has slowed.
Currently, a two-room apartment in CABA It is rented on average for $485,881 per month, according to Zonaprop. So far this year, it has already accumulated an increase of 45%, below the annual inflation rate (94%). Small apartments are those with the highest price increase in the year.
How much does it cost to rent in CABA
A 40 m2 studio apartment rents for $407,026 per month, a 50 m2 two-room apartment for $485,881 per month, and a 70 m2 three-room apartment for $656,551 per month.
The rental price of new contracts is at 4.5% monthly, while in the last twelve months, it has accumulated an increase of 144.3%, advancing below inflation (235.2%) and the ICL adjustment (244.5%).
Ranking of the most affordable neighborhoods to rent a two-room apartment
- Lugano: $320,165 per month.
- Forest: $409,994 per month
- Slaughterhouses: $413,039 per month
- Avellaneda Park: $413,039
- Liniers: $419,456
- Monte Castro: $439,878
- Villa Luro: $455,760
- Villa Devoto: $464,595
- Paternal: $478,392
- Chas Park: $506,228
The three neighborhoods with the most expensive rents
- Palermo: $534,806 per month
- Nunez: $537,217 per month
- Puerto Madero: $1,019,112 per month
Fewer rental ads in dollars
In August 2023, 66% of the apartments were advertised in dollars, while the offer in pesos represented only 34%. This indicator began to decrease, reaching 50% in November of last year and since then, it has not shown significant variations in the total balance of the offer.
While in the first two months of 2024 the majority of apartments were listed in dollars, between March and June the offer in pesos had an upward trend. However, despite the fact that a balance was reached in July, in August there was a slight increase in the offer in dollars.
On the other hand, 88% of the neighborhoods registered a drop in average rental prices in dollars.. San Telmo has a 20% drop in prices year-on-year and an apartment is rented for US$702 per month. San Nicolás follows, with an average price of US$594 per month19% less than a year ago, and Balvanera, with an average price of US$537 per month, 18% less than the same month in 2023.
Source: Ambito
I am an author and journalist who has worked in the entertainment industry for over a decade. I currently work as a news editor at a major news website, and my focus is on covering the latest trends in entertainment. I also write occasional pieces for other outlets, and have authored two books about the entertainment industry.
