In December 2022, the monthly rent for a one-bedroom apartment in the city center in Argentina cost approximately 273 U.S. dollars, whereas a three-bedroom apartment in the same location averaged 494 U.S. dollars.

Palermo was the most expensive neighborhood for apartment rental in Buenos Aires, Argentina as of July 2024, with the average monthly rent exceeding ******* Argentine pesos. On the other end of the scale were Mataderos, Floresta, and Lugano, where rent was under ******* Argentine pesos.

The average price of a new three-bedroom apartment in Buenos Aires, Argentina, was 2957.37 U.S. dollars per square meter in the third quarter of 2024. The price for large new apartments peaked in 2017, when it reached almost 3,400 U.S. dollars per square meter. According to the source, the two- and three-bedroom apartments cover almost two-thirds of the market.

Argentina Consumer Price Index (CPI): GBA: Housing: Rent data was reported at 142.570 Apr2008=100 in Dec 2013. This records an increase from the previous number of 142.240 Apr2008=100 for Nov 2013. Argentina Consumer Price Index (CPI): GBA: Housing: Rent data is updated monthly, averaging 121.540 Apr2008=100 from Apr 2008 (Median) to Dec 2013, with 69 observations. The data reached an all-time high of 142.570 Apr2008=100 in Dec 2013 and a record low of 100.000 Apr2008=100 in Apr 2008. Argentina Consumer Price Index (CPI): GBA: Housing: Rent data remains active status in CEIC and is reported by National Institute of Statistics and Censuses. The data is categorized under Global Database’s Argentina – Table AR.I015: Consumer Price Index: Greater Buenos Aires: Apr2008=100.

As of April 2020, the monthly rent for a one-bedroom apartment in the city center of Cordoba, Argentina, amounted to ****** U.S. dollars, whereas a three-bedroom apartment averaged ****** U.S. dollars.

In the second quarter of 2023, Catalinas reported the highest average monthly rent for offices among all the areas in Buenos Aires, Argentina. The average monthly rent in Catalinas ranged between ** and ** U.S. dollars per square meter. Conversely, Macrocentro Sur provided the most affordable offices with the lowest monthly rent among all areas, with commercial spaces starting at ** U.S. dollars per square meter.

Argentina Construction Cost Index: Rent Service: Scaffolds Rental Services data was reported at 543.000 1993=100 in Oct 2015. This stayed constant from the previous number of 543.000 1993=100 for Sep 2015. Argentina Construction Cost Index: Rent Service: Scaffolds Rental Services data is updated monthly, averaging 103.200 1993=100 from Jan 1996 (Median) to Oct 2015, with 238 observations. The data reached an all-time high of 543.000 1993=100 in Oct 2015 and a record low of 84.600 1993=100 in Mar 2002. Argentina Construction Cost Index: Rent Service: Scaffolds Rental Services data remains active status in CEIC and is reported by National Institute of Statistics and Censuses. The data is categorized under Global Database’s Argentina – Table AR.EA008: Construction Cost Index: 1993=100.

Argentina Construction Cost Index: Rent Service: Light Truck data was reported at 2,659.500 1993=100 in Oct 2015. This records an increase from the previous number of 2,468.200 1993=100 for Sep 2015. Argentina Construction Cost Index: Rent Service: Light Truck data is updated monthly, averaging 128.600 1993=100 from Jan 1996 (Median) to Oct 2015, with 238 observations. The data reached an all-time high of 2,659.500 1993=100 in Oct 2015 and a record low of 82.800 1993=100 in Feb 2002. Argentina Construction Cost Index: Rent Service: Light Truck data remains active status in CEIC and is reported by National Institute of Statistics and Censuses. The data is categorized under Global Database’s Argentina – Table AR.EA008: Construction Cost Index: 1993=100.

As of December 2023, the monthly rent for a one-bedroom apartment in the city center of Buenos Aires, Argentina, amounted to approximately *** U.S. dollars, whereas a three-bedroom apartment averaged approximately *** U.S. dollars.

Argentina Construction Cost Index: Rent Service: Front Loader data was reported at 1,100.000 1993=100 in Oct 2015. This stayed constant from the previous number of 1,100.000 1993=100 for Sep 2015. Argentina Construction Cost Index: Rent Service: Front Loader data is updated monthly, averaging 206.900 1993=100 from Jan 1996 (Median) to Oct 2015, with 238 observations. The data reached an all-time high of 1,100.000 1993=100 in Oct 2015 and a record low of 82.800 1993=100 in Jan 2002. Argentina Construction Cost Index: Rent Service: Front Loader data remains active status in CEIC and is reported by National Institute of Statistics and Censuses. The data is categorized under Global Database’s Argentina – Table AR.EA008: Construction Cost Index: 1993=100.

Argentina Construction Cost Index: Rent Service: Trailer Truck data was reported at 2,527.900 1993=100 in Oct 2015. This records an increase from the previous number of 2,368.500 1993=100 for Sep 2015. Argentina Construction Cost Index: Rent Service: Trailer Truck data is updated monthly, averaging 162.000 1993=100 from Jan 1996 (Median) to Oct 2015, with 238 observations. The data reached an all-time high of 2,527.900 1993=100 in Oct 2015 and a record low of 82.692 1993=100 in Oct 2001. Argentina Construction Cost Index: Rent Service: Trailer Truck data remains active status in CEIC and is reported by National Institute of Statistics and Censuses. The data is categorized under Global Database’s Argentina – Table AR.EA008: Construction Cost Index: 1993=100.

The average monthly rent in Argentina's capital city, Buenos Aires, increased in 2023, but remained below the 2018 levels. As of the second quarter of 2023, the average square meter rent in the major commercial corridors measured **** U.S. dollars per month. Among others, these corridors include Santa Fe, Pueyrredon, Rivadavia, Carabobo, and Florida.

Argentina Construction Cost Index: Rent Service: Backhoe data was reported at 504.500 1993=100 in Oct 2015. This stayed constant from the previous number of 504.500 1993=100 for Sep 2015. Argentina Construction Cost Index: Rent Service: Backhoe data is updated monthly, averaging 198.800 1993=100 from Jan 1996 (Median) to Oct 2015, with 238 observations. The data reached an all-time high of 504.500 1993=100 in Oct 2015 and a record low of 81.357 1993=100 in Nov 2001. Argentina Construction Cost Index: Rent Service: Backhoe data remains active status in CEIC and is reported by National Institute of Statistics and Censuses. The data is categorized under Global Database’s Argentina – Table AR.EA008: Construction Cost Index: 1993=100.

Argentina Consumer Price Index (CPI): GBA: Housing, Water, Electricity & Other Fuels: Housing Rental: Home Rent data was reported at 6,790.911 Dec2016=100 in Mar 2025. This records an increase from the previous number of 6,446.547 Dec2016=100 for Feb 2025. Argentina Consumer Price Index (CPI): GBA: Housing, Water, Electricity & Other Fuels: Housing Rental: Home Rent data is updated monthly, averaging 290.333 Dec2016=100 from Dec 2016 (Median) to Mar 2025, with 100 observations. The data reached an all-time high of 6,790.911 Dec2016=100 in Mar 2025 and a record low of 100.000 Dec2016=100 in Dec 2016. Argentina Consumer Price Index (CPI): GBA: Housing, Water, Electricity & Other Fuels: Housing Rental: Home Rent data remains active status in CEIC and is reported by National Institute of Statistics and Censuses. The data is categorized under Global Database’s Argentina – Table AR.I009: Consumer Price Index: Greater Buenos Aires: Dec2016=100.

The south zone of Buenos Aires had the highest rent for class A industrial and logistics real estate in 2023. A square meter of warehousing in the east zone was ***** euros per square meter per month in the second half of the year. The north zone, which concentrated most of the industrial and logistics real estate stock of the city, had lower rent amounting to *** U.S. dollars per square meter.

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Car Rental Market Size 2025-2029

The car rental market size is forecast to increase by USD 188.3 billion, at a CAGR of 20.5% between 2024 and 2029.

The market is experiencing significant shifts, driven by rising vehicle ownership costs and the advent of intermediaries. The escalating expense of owning and maintaining a personal vehicle has led an increasing number of consumers to opt for car rental services, providing a lucrative opportunity for market players. Furthermore, the emergence of intermediaries, such as ride-hailing and car-sharing services, has disrupted traditional car rental business models, compelling companies to adapt and innovate. These intermediaries offer flexible, on-demand services, catering to the evolving consumer preference for convenience and affordability. However, this dynamic market landscape also presents challenges. The intensifying competition from car-sharing services and other intermediaries puts pressure on car rental companies to differentiate themselves and offer competitive pricing and value-added services. Additionally, regulatory hurdles and changing consumer preferences pose significant challenges, requiring companies to stay agile and responsive to market trends. To capitalize on the opportunities and navigate these challenges effectively, car rental companies must focus on enhancing their customer experience, expanding their service offerings, and leveraging technology to streamline operations and improve efficiency.

What will be the Size of the Car Rental Market during the forecast period?

Explore in-depth regional segment analysis with market size data - historical 2019-2023 and forecasts 2025-2029 - in the full report.
Request Free SampleThe market continues to evolve, with dynamic market dynamics shaping various sectors. Fleet management plays a crucial role, as operating costs are closely monitored through effective utilization of resources. Infotainment systems, from Bluetooth connectivity to Android Auto and Apple CarPlay, enhance the customer experience. Fleet leasing and mileage limits are essential components of business rentals, while vehicle inspection ensures safety and maintenance. One-way rentals and pickup trucks cater to diverse customer needs, with seasonal rates offering flexibility. Customer retention is a priority, achieved through loyalty programs, excellent customer service, and marketing campaigns. Compact cars and fuel efficiency are in demand, with pricing strategies reflecting market trends. Liability insurance and third-party liability are non-negotiable, while fleet leasing and mileage limits help manage costs. Mobile apps and online booking streamline the process, with revenue management and data analytics optimizing performance. Technology integration, from GPS tracking to rental agreements, is essential for smooth operations. Electric vehicles (EVs) and hybrid vehicles are gaining popularity, requiring new strategies for fleet management and customer segmentation. Fuel costs, engine size, and geographic targeting influence pricing. Vehicle maintenance and reputation management are key to brand awareness and customer satisfaction. In the business-to-business sector, corporate accounts and franchise opportunities offer growth potential. Peak season pricing and rental duration impact revenue, while discount programs and airport transfers cater to specific customer segments. Damage assessment and vehicle inspection ensure fleet readiness, and navigation systems help optimize routes. In conclusion, the market is a continually evolving landscape, with fleet management, operating costs, infotainment systems, fleet leasing, mileage limits, vehicle inspection, one-way rentals, pickup trucks, customer retention, marketing campaigns, compact cars, liability insurance, third-party liability, mobile app, vehicle maintenance, hybrids, EVs, fuel costs, engine size, geographic targeting, technology integration, reputation management, brand awareness, fuel costs, and navigation systems shaping its future.

How is this Car Rental Industry segmented?

The car rental industry research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in 'USD billion' for the period 2025-2029, as well as historical data from 2019-2023 for the following segments. Mode Of BookingOfflineOnlineRental CategoryAirport transportLocal transportOutstation transportOther transportTypeEconomy carsExecutive carsLuxury carsSUVsMUVsApplicationLeisure/TourismBusiness TravelLocal UsageAirport TransportOutstation/Long DistanceEnd-useSelf-DriveChauffeur-DrivenRental LengthShort-Term RentalLong-Term Rental/LeasingFare PriceEconomy/Budget CarsLuxury/Premium CarsGeographyNorth AmericaUSCanadaEuropeFranceGermanyItalyUKMiddle East and AfricaEgyptKSAOmanUAEAPACChinaIndiaJapanSouth AmericaArgentinaBrazilRest of World (ROW)

By Mode Of Booking Insights

The offline segment

Brazil and Argentina are some of the Latin American countries with the highest average square meter price of an apartment as of November 2020. In Brazil, a *** square meter apartment located in the center of a major city sold at around ***** per square meter. Rio de Janeiro is one of the Latin American cities where buying an apartment is most expensive.

Argentina Construction Cost Index: Rent Service: Container Dump data was reported at 1,163.700 1993=100 in Oct 2015. This records an increase from the previous number of 1,143.100 1993=100 for Sep 2015. Argentina Construction Cost Index: Rent Service: Container Dump data is updated monthly, averaging 156.700 1993=100 from Jan 1996 (Median) to Oct 2015, with 238 observations. The data reached an all-time high of 1,163.700 1993=100 in Oct 2015 and a record low of 80.100 1993=100 in Mar 2002. Argentina Construction Cost Index: Rent Service: Container Dump data remains active status in CEIC and is reported by National Institute of Statistics and Censuses. The data is categorized under Global Database’s Argentina – Table AR.EA008: Construction Cost Index: 1993=100.

Argentina Construction Cost Index: Rent Service: Semi Truck data was reported at 1,672.000 1993=100 in Oct 2015. This stayed constant from the previous number of 1,672.000 1993=100 for Sep 2015. Argentina Construction Cost Index: Rent Service: Semi Truck data is updated monthly, averaging 154.300 1993=100 from Jan 1996 (Median) to Oct 2015, with 238 observations. The data reached an all-time high of 1,672.000 1993=100 in Oct 2015 and a record low of 89.040 1993=100 in Nov 1998. Argentina Construction Cost Index: Rent Service: Semi Truck data remains active status in CEIC and is reported by National Institute of Statistics and Censuses. The data is categorized under Global Database’s Argentina – Table AR.EA008: Construction Cost Index: 1993=100.

Argentina Consumer Price Index (CPI): Urban: Housing & Basic Services: Rent data was reported at 108.450 4Q2013=100 in Sep 2014. This records an increase from the previous number of 107.570 4Q2013=100 for Aug 2014. Argentina Consumer Price Index (CPI): Urban: Housing & Basic Services: Rent data is updated monthly, averaging 105.300 4Q2013=100 from Dec 2013 (Median) to Sep 2014, with 10 observations. The data reached an all-time high of 108.450 4Q2013=100 in Sep 2014 and a record low of 101.490 4Q2013=100 in Dec 2013. Argentina Consumer Price Index (CPI): Urban: Housing & Basic Services: Rent data remains active status in CEIC and is reported by National Institute of Statistics and Censuses. The data is categorized under Global Database’s Argentina – Table AR.I007: Consumer Price Index: Urban: Q42013=100.