Cost of Living by Neighborhood in Montevideo — July 2026

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Cost of Living by Neighborhood in Montevideo — July 2026

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.

NeighborhoodMedian rentMedian floor areaUSD/m²Supply
MaroñasUSD 42948 m²USD 1,259/m²Low
ColónUSD 43850 m²USD 998/m²Low
CerroUSD 44970 m²USD 967/m²Low
SayagoUSD 46057 m²USD 1,369/m²Low
La TejaUSD 46955 m²USD 1,222/m²Low
CerritoUSD 47962 m²USD 1,171/m²Low
Villa EspañolaUSD 51658 m²USD 1,437/m²Medium
Malvín NorteUSD 51662 m²USD 1,177/m²Medium
BelvedereUSD 53063 m²USD 1,449/m²Low
ItuzaingóUSD 53265 m²USD 1,141/m²Low
Aires PurosUSD 54465 m²USD 1,308/m²Low
CapurroUSD 54860 m²USD 2,770/m²Medium
Arroyo SecoUSD 57466 m²USD 2,048/m²Low
Paso MolinoUSD 58166 m²USD 1,667/m²Low
Villa DoloresUSD 58547 m²USD 3,130/m²Low
Mercado ModeloUSD 58660 m²USD 1,976/m²Low
UniónUSD 58855 m²USD 1,956/m²Medium
GoesUSD 59650 m²USD 2,115/m²Low
Capurro - Bella VistaUSD 61656 m²USD 2,476/m²Low
AtahualpaUSD 61665 m²USD 1,920/m²Medium
AguadaUSD 64858 m²USD 2,536/m²High
Bella VistaUSD 64957 m²USD 2,486/m²Medium
La ComercialUSD 65052 m²USD 2,267/m²Medium
ReductoUSD 65256 m²USD 1,865/m²Medium
Ciudad ViejaUSD 65360 m²USD 2,152/m²Medium
Brazo OrientalUSD 65655 m²USD 2,095/m²Medium
PradoUSD 66360 m²USD 2,756/m²High
Jacinto VeraUSD 66859 m²USD 2,365/m²Medium
CentroUSD 67758 m²USD 2,734/m²High
CordónUSD 71250 m²USD 2,855/m²High
La BlanqueadaUSD 71450 m²USD 2,932/m²High
Tres CrucesUSD 71455 m²USD 2,778/m²High
PalermoUSD 73448 m²USD 3,155/m²High
Parque BatlleUSD 74257 m²USD 2,993/m²High
Parque RodóUSD 74453 m²USD 3,715/m²High
Barrio SurUSD 74753 m²USD 3,020/m²High
BuceoUSD 76155 m²USD 3,172/m²High
Villa MuñozUSD 76358 m²USD 1,922/m²Low
Pocitos NuevoUSD 81354 m²USD 3,669/m²High
MalvínUSD 84061 m²USD 3,369/m²High
LarrañagaUSD 85350 m²USD 2,870/m²Low
PocitosUSD 88367 m²USD 3,548/m²High
Punta CarretasUSD 1,11771 m²USD 3,802/m²High
Villa BiarritzUSD 1,154120 m²USD 3,895/m²Medium
Puerto BuceoUSD 1,62690 m²USD 3,932/m²Medium
Punta GordaUSD 1,77676 m²USD 3,077/m²Medium
CarrascoUSD 1,952111 m²USD 3,794/m²High
Carrasco NorteUSD 2,244102 m²USD 3,819/m²Medium
GolfUSD 2,894170 m²USD 4,070/m²Medium

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 rentNeighborhood
Under USD 600Maroñas, 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 – 1,000Capurro - 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 – 1,600Punta Carretas, Villa Biarritz
Over USD 1,600Puerto 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.

Neighborhood data

Price per m², median rent and yield, with the full monthly series from the INGAR Index:

See all neighborhoods

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