Cost of Living by Neighborhood in Montevideo — July 2026
INGAR · · Guides
How much does it cost to live in Montevideo?
The median apartment rent in Montevideo is USD 653 a month, and the full range runs from USD 429 in Maroñas to USD 2,894 in Golf. Housing is the expense that varies most by neighbourhood: no other item in a monthly budget shows a nearly sevenfold spread within the same city.
The table ranks neighbourhoods from cheapest to most expensive, with the median floor area of what is let in each. That second figure is key to comparing properly: a higher rent often simply means a larger apartment.
| Neighborhood | Median rent | Median floor area | USD/m² | Supply |
|---|---|---|---|---|
| Maroñas | USD 429 | 48 m² | USD 1,259/m² | Low |
| Colón | USD 438 | 50 m² | USD 998/m² | Low |
| Cerro | USD 449 | 70 m² | USD 967/m² | Low |
| Sayago | USD 460 | 57 m² | USD 1,369/m² | Low |
| La Teja | USD 469 | 55 m² | USD 1,222/m² | Low |
| Cerrito | USD 479 | 62 m² | USD 1,171/m² | Low |
| Villa Española | USD 516 | 58 m² | USD 1,437/m² | Medium |
| Malvín Norte | USD 516 | 62 m² | USD 1,177/m² | Medium |
| Belvedere | USD 530 | 63 m² | USD 1,449/m² | Low |
| Ituzaingó | USD 532 | 65 m² | USD 1,141/m² | Low |
| Aires Puros | USD 544 | 65 m² | USD 1,308/m² | Low |
| Capurro | USD 548 | 60 m² | USD 2,770/m² | Medium |
| Arroyo Seco | USD 574 | 66 m² | USD 2,048/m² | Low |
| Paso Molino | USD 581 | 66 m² | USD 1,667/m² | Low |
| Villa Dolores | USD 585 | 47 m² | USD 3,130/m² | Low |
| Mercado Modelo | USD 586 | 60 m² | USD 1,976/m² | Low |
| Unión | USD 588 | 55 m² | USD 1,956/m² | Medium |
| Goes | USD 596 | 50 m² | USD 2,115/m² | Low |
| Capurro - Bella Vista | USD 616 | 56 m² | USD 2,476/m² | Low |
| Atahualpa | USD 616 | 65 m² | USD 1,920/m² | Medium |
| Aguada | USD 648 | 58 m² | USD 2,536/m² | High |
| Bella Vista | USD 649 | 57 m² | USD 2,486/m² | Medium |
| La Comercial | USD 650 | 52 m² | USD 2,267/m² | Medium |
| Reducto | USD 652 | 56 m² | USD 1,865/m² | Medium |
| Ciudad Vieja | USD 653 | 60 m² | USD 2,152/m² | Medium |
| Brazo Oriental | USD 656 | 55 m² | USD 2,095/m² | Medium |
| Prado | USD 663 | 60 m² | USD 2,756/m² | High |
| Jacinto Vera | USD 668 | 59 m² | USD 2,365/m² | Medium |
| Centro | USD 677 | 58 m² | USD 2,734/m² | High |
| Cordón | USD 712 | 50 m² | USD 2,855/m² | High |
| La Blanqueada | USD 714 | 50 m² | USD 2,932/m² | High |
| Tres Cruces | USD 714 | 55 m² | USD 2,778/m² | High |
| Palermo | USD 734 | 48 m² | USD 3,155/m² | High |
| Parque Batlle | USD 742 | 57 m² | USD 2,993/m² | High |
| Parque Rodó | USD 744 | 53 m² | USD 3,715/m² | High |
| Barrio Sur | USD 747 | 53 m² | USD 3,020/m² | High |
| Buceo | USD 761 | 55 m² | USD 3,172/m² | High |
| Villa Muñoz | USD 763 | 58 m² | USD 1,922/m² | Low |
| Pocitos Nuevo | USD 813 | 54 m² | USD 3,669/m² | High |
| Malvín | USD 840 | 61 m² | USD 3,369/m² | High |
| Larrañaga | USD 853 | 50 m² | USD 2,870/m² | Low |
| Pocitos | USD 883 | 67 m² | USD 3,548/m² | High |
| Punta Carretas | USD 1,117 | 71 m² | USD 3,802/m² | High |
| Villa Biarritz | USD 1,154 | 120 m² | USD 3,895/m² | Medium |
| Puerto Buceo | USD 1,626 | 90 m² | USD 3,932/m² | Medium |
| Punta Gorda | USD 1,776 | 76 m² | USD 3,077/m² | Medium |
| Carrasco | USD 1,952 | 111 m² | USD 3,794/m² | High |
| Carrasco Norte | USD 2,244 | 102 m² | USD 3,819/m² | Medium |
| Golf | USD 2,894 | 170 m² | USD 4,070/m² | Medium |
What does your budget get you?
Under USD 600 a month the range is wide and concentrated in the north and west, plus Malvín Norte on the eastern coast. From USD 600 to USD 1,000 you get practically the whole central corridor and much of the established coast. Above USD 1,600 only five neighbourhoods remain, all in the premium coastal strip.
| Monthly rent | Neighborhood |
|---|---|
| Under USD 600 | Maroñas, Colón, Cerro, Sayago, La Teja, Cerrito, Villa Española, Malvín Norte, Belvedere, Ituzaingó, Aires Puros, Capurro, Arroyo Seco, Paso Molino, Villa Dolores, Mercado Modelo, Unión, Goes |
| USD 600 – 1,000 | Capurro - Bella Vista, Atahualpa, Aguada, Bella Vista, La Comercial, Reducto, Ciudad Vieja, Brazo Oriental, Prado, Jacinto Vera, Centro, Cordón, La Blanqueada, Tres Cruces, Palermo, Parque Batlle, Parque Rodó, Barrio Sur, Buceo, Villa Muñoz, Pocitos Nuevo, Malvín, Larrañaga, Pocitos |
| USD 1,000 – 1,600 | Punta Carretas, Villa Biarritz |
| Over USD 1,600 | Puerto Buceo, Punta Gorda, Carrasco, Carrasco Norte, Golf |
A word of caution about the jump between bands: the difference between renting in Cordón (USD 712) and Pocitos (USD 883) is USD 171 a month, about USD 2,052 a year. The difference between Pocitos and Carrasco (USD 1,952) is over a thousand dollars a month, but it is also 44 more square metres of median floor area. When the price jump looks enormous, there is almost always a size jump behind it.
Which neighbourhoods offer the best value?
Those combining rent close to the city median with a good location are Tres Cruces (USD 714), La Blanqueada (USD 714), Parque Batlle (USD 742) and Palermo (USD 734). All sit between USD 714 and USD 742, barely 9 to 14% above the median, and offer direct connections to the centre, full services and, in the case of Parque Batlle and La Blanqueada, a quiet residential setting.
Ciudad Vieja deserves its own mention: a median rent of USD 653, exactly the city median, across 60 square metres. It is one of the few neighbourhoods where you can live at the average price in a pedestrian setting with cultural offerings within walking distance.
At the savings end, Malvín Norte is the most interesting case: USD 516 median rent while sitting on the eastern coast next to Malvín, where renting costs USD 840. That is USD 324 a month for crossing one avenue.
How much of a salary does rent take?
A practical rule of thumb commonly used is not to spend more than a third of household income on rent. On that basis, a household needs around USD 1,960 a month for the city's median apartment, USD 1,290 for one in Maroñas or Colón, and USD 2,650 for one in Pocitos.
To that figure you must add building fees, which in Montevideo typically run from USD 60 to USD 200 depending on the building and the services included, and which are not part of this table's values. In buildings with full amenities they can amount to as much as 20% of the rent.
Conclusion
Living in Montevideo costs a median USD 653 a month in rent, with a fairly homogeneous central band between USD 650 and USD 760 covering most well-connected neighbourhoods. The choice of neighbourhood is rarely settled on rent alone: it is worth weighing it against the floor area you get, the building fees and the daily commuting cost, which can offset much of the saving from moving far from the centre.
Read on: rental prices by neighbourhood and first home guide.
Frequently asked questions
How often is this data updated?
It is recalculated once a month, with the previous month's close, and published alongside the INGAR Index.
Where do these prices come from?
From our own survey of publicly listed supply in Montevideo: these are asking prices, not closing prices. In Uruguay deals usually close below the listed value.
Want to decide with data instead of gut feel? See how to invest in Uruguay, get an online property appraisal or message us on WhatsApp.
This data is part of the INGAR Index, the monthly index of Montevideo's real estate market, with a data sheet per neighbourhood and a public methodology.
Updated with the 2026-07 close. Source: INGAR Index, the monthly index of Montevideo's real estate market.
Data from the INGAR Index — 2026-07.