The average for an apartment of this type is approximately $524,907, but how much do they cost in Palermo?
Palermo It is characterized by being one of the neighborhoods of the Autonomous City of Buenos Aires (CABA) for its cultural and gastronomic life and its variety of residential options. At the same time, in the rental market it is one of the most expensive neighborhoods. In October, the online real estate classifieds portal, Zonaprop, launched a report on publication prices in CABA.
This report resulted in a 3.4% increase compared to the previous month, accumulating an increase of 57% in 2024almost half of the inflation recorded in the period (108%). The average for a two-bedroom apartment is $524,907 per monthwhile a studio apartment is rented for $440,643 per month and a three-bedroom apartment is rented for $707,201 per month, but what is the price in Palermo?
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How much does it cost to rent a 2-room apartment in Palermo?
The two-room apartments are ideal for those looking to live together as a couple or people who want additional space. Rentals with these characteristics reach $588,461 monthlyalthough the location and nearby services have an impact.
General rental prices in Palermo
- Studio apartment: This type of apartment is ideal for those looking for a cheaper and smaller option, without sacrificing location. Prices are, on average, around $503,400 per month.
- Three environments: For those looking for a more spacious place to live, this type of unit is ideal. These apartments are usually closer to parks and quiet areas of the neighborhood, such as Palermo Chico. The average value is $832,700.
- Four environments: Ideal for families, 4-room apartments are a very comfortable option, generally located in residential areas, but with a high price of around $1,237,700 per month.
Source: Ambito
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