In 2024, rents rose four times less than the previous year

The market of rentals was completely reconfigured in 2024. After the repeal of the law of rentalsthe stock of rental properties increased, prices slowed down and contracts began to be agreed for two years.

According to a Zonaprop report, the average price of rent rose 2.3% in December. In 2024, an increase of 64.4% was recorded, four times lower than that recorded in 2023 (260%) and 54 percentage points below inflation (118.1%). This is the first year since 2019 that prices have recorded a real price drop.

How much does it cost to rent an apartment in CABA

A two-room apartment is rented for $550,450 per month, while a single-room apartment is rented for $465,091 per month and a three-room apartment is rented for $740,874 per month.

Supply grew by 3.3% in the last month of 2024 and, currently, the supply volume is 3.3 times higher than that registered in February 2023, a historical minimum.

Puerto Madero is positioned as the most expensive neighborhood for rentwith an average price of $941,093 per month. Núñez and Palermo complete the podium, with an average value of $613,414 per month and $610,098 per month, respectively. On the other hand, Lugano ($395,326 per month), Floresta ($474,456 per month) and Vélez Sarsfield ($485,671 per month), are the cheapest neighborhoods to rent.

Profitability: it takes almost 19 years to recover the investment

The rent/price ratio rises and stands at 5.28% annually. Currently, 18.9 years of rent are needed to repay the initial investment, 8.9% more than what was required a year ago.

Lugano, Nueva Pompeya and Parque Avellaneda continue on the podium of neighborhoods with the best options for investors seeking income, with a return of 8.7%, 8% and 7.4%, respectively. On the other hand, Puerto Madero, Palermo and Belgrano are the neighborhoods with the lowest profitability, with 3.5%, 4.2% and 4.4%, respectively.