Depending on the neighborhood, the average rent for a two-bedroom apartment in Montevideo, Uruguay was between *** U.S. dollars and ***** U.S. dollars in May 2024. Punta Carretas was the most expensive neighborhood, with twice the average rent of Centro.

In May 2024, buying an apartment in the neighborhood of Punta Carretas in Montevideo costed, on average, ******* U.S. dollars. That made it one of the most expensive neighborhoods in Montevideo. La Blanqueada, on the other hand, had notably lower apartment prices, at ******* U.S. dollars.

Montevideo Property Rental Dataset

Description

The Montevideo Property Rental Dataset provides comprehensive information about rental properties in Montevideo, Uruguay. This dataset is a valuable resource for anyone interested in exploring the rental property market in Montevideo, including real estate professionals, data analysts, and researchers.

Key Features

• Property Price: The rental price of each property.
• Property Address: The location and address of each property.
• Last Updated: The date when the property listing was last updated.
• Common Expenses: Common expenses associated with the property, if applicable.
• Floor: The floor number of the property within the building.
• Apartments per Floor: The number of apartments on each floor in the building.
• Number of Floors: The total number of floors in the building.
• Property Type: The type of property (e.g., apartment, house, office).
• Zone: The location or zone where the property is situated.
• Condition: The condition or state of the property (e.g., good condition, excellent condition).
• Disposition: The layout or disposition of the property (e.g., front, back, interior).
• Bathrooms: The number of bathrooms in the property.
• Bedrooms: The number of bedrooms or rooms in the property.
• Built Square Meters: The total square meters of the property.
• Terrace Square Meters: The square meters of terrace space, if applicable.
• Land Square Meters: The total land square meters, if applicable.
• Year of Construction: The year when the property was constructed.
• Bedrooms: The number of bedrooms in the property.
• Garages: The number of parking spaces or garages.
• Floors: The number of floors or stories in the property.
• Sea View: Whether the property offers a sea view (True/False).
• Social Housing: Whether the property is designated as social housing (True/False).
• Living Room: The presence of a living room in the property.
• Grill: The availability of a barbecue area in the property.
• Patio: The presence of a patio area in the property.
• Balcony: The presence of a balcony in the property.
• WiFi: Availability of WiFi in the property.
• Gas Pipeline: Connection to a gas pipeline in the property.
• Barbecue: Facilities for barbecues in the property.
• Radiant Floor Heating: Radiant floor heating in the property.
• Pet-Friendly: Whether the property is pet-friendly (True/False).
• Playroom: The presence of a playroom or recreational area in the property.
• Garden: The availability of a garden area in the property.
• Heating: The type of heating system in the property.
• Furnished: Whether the property is furnished (True/False).
• Storage: Storage area or deposit in the property.
• Air Conditioning: Availability of air conditioning in the property.
• Gym: Gym facilities in the property.
• Duplex: Whether the property is a duplex (True/False).
• Pool: The presence of a swimming pool in the property.
• Furnished: Whether the property is furnished (True/False).
• Closet: Closet or wardrobe space in the property.
• Solarium: Availability of a solarium area in the property.
• Garage: Garage or parking space.

This dataset provides a wealth of information for analyzing and understanding the rental property market in Montevideo. Whether you're looking for insights into property prices, property conditions, or available amenities, this dataset offers a comprehensive view of the rental properties in the city.

Montevideo, Uruguay's capital, leads Latin American cities with the highest apartment sale prices in 2025, averaging ***** U.S. dollars per square meter. This figure surpasses other major metropolitan areas like Mexico City and Buenos Aires, highlighting significant disparities in real estate markets across the region. The data underscores the varying economic conditions and housing demand in different Latin American urban centers. Regional housing market trends While Montevideo tops the list for apartment prices, other countries in Latin America have experienced notable changes in their housing markets. Chile, for instance, saw the most substantial increase in house prices since 2010, with its nominal house price index surpassing *** points in early 2025. However, when adjusted for inflation, Mexico showed the highest inflation-adjusted percentage increase in house prices, growing by nearly *** percent in the first quarter of 2025, contrasting with a global decline of one percent. Home financing in Mexico The methods of home financing vary across Latin America. A breakdown of homeownership by financing method in Mexico reveals that about two-thirds of owner-occupied housing units were financed through personal resources in 2022. Nevertheless, government-backed loans such as Infonavit (Mexico’s National Housing Fund Institute), Fovissste (Housing Fund of the Institute for Social Security and Services for State Workers), and Fonhapo (National Fund for Popular Housing), play an important role for homebuyers, with just over ** percent of home purchases relying on such finance. Bank credit, which offers mortgage loans with interest rates ranging between **** and ** percent, appeared as a less popular option.

Montevideo, Uruguay's capital, leads Latin American cities with the highest apartment sale prices in 2024, averaging 3,454 U.S. dollars per square meter. This figure surpasses other major metropolitan areas like Mexico City and Buenos Aires, highlighting significant disparities in real estate markets across the region. The data underscores the varying economic conditions and housing demand in different Latin American urban centers. Regional housing market trends While Montevideo tops the list for apartment prices, other countries in Latin America have experienced notable changes in their housing markets. Chile, for instance, saw the most substantial increase in house prices since 2010, with its nominal house price index surpassing 342 points in early 2024. However, when adjusted for inflation, Mexico showed the highest inflation-adjusted percentage increase in house prices, growing by nearly five percent in the first quarter of 2024, contrasting with a global decline of one percent. Home financing in Mexico The methods of home financing vary across Latin America. A breakdown of homeownership by financing method in Mexico reveals that about two-thirds of owner-occupied housing units were financed through personal resources in 2022. Nevertheless, government-backed loans such as Infonavit (Mexico’s National Housing Fund Institute), Fovissste (Housing Fund of the Institute for Social Security and Services for State Workers), and Fonhapo (National Fund for Popular Housing), play an important role for homebuyers, with just over 20 percent of home purchases relying on such finance. Bank credit, which offers mortgage loans with interest rates ranging between nine and 12 percent, appeared as a less popular option.

Buenos Aires, Argentina, was the least affordable city in South America in the first half of 2022 to buy an apartment. The ratio measures the number of years needed for a two-earner household where one person works full time and one person works half-time to buy a 90-square meter apartment. It assumes the property has the average square meter price for the city and that home buyers earn the average net salary. Montevideo, Uruguay, was one of the most affordable cities, where it took about nine years to buy an apartment.