Rentals and Prices in Cordón — June 2026
INGAR · · Market
Sale Prices
Cordón maintains its position as one of the most dynamic neighborhoods in downtown Montevideo, with a varied offering that reflects sustained demand for properties of different sizes. Prices per square meter vary significantly depending on the number of bedrooms, showing a clear structure where smaller units have higher unit value.
| Bedrooms | Price/m² | Total Price | Sample |
|---|---|---|---|
| 0 | USD 3,125/m² | USD 105,000 | 2,430 |
| 1 | USD 3,053/m² | USD 138,000 | 9,519 |
| 2 | USD 2,703/m² | USD 174,500 | 5,619 |
| 3 | USD 1,943/m² | USD 179,000 | 893 |
| 4 | USD 1,590/m² | USD 230,000 | 232 |
| 5 | USD 1,381/m² | USD 167,000 | 18 |
Studios and one-bedroom apartments dominate the offering with 2,430 and 9,519 listings respectively, establishing Cordón as a preferred destination for short-term rental investors and young professionals. One-bedroom apartments reach an average price of USD 138,000, while two-bedroom units average USD 174,500.
The price/m² ratio reflects the typical pattern of the neighborhood: the more bedrooms, the lower the unit cost. Three-bedroom apartments are positioned at USD 1,943/m², while four-bedroom units drop to USD 1,590/m². This structure encourages buyers with families or investors seeking units for long-term residential rental.
Rentals
The rental market in Cordón reflects robust demand for both housing and investment. Monthly prices show consistency with the sale price structure, with clear progression based on unit size.
| Bedrooms | Monthly Rent | Sample |
|---|---|---|
| 0 | USD 514 | 1,269 |
| 1 | USD 672 | 3,191 |
| 2 | USD 800 | 2,091 |
| 3 | USD 900 | 302 |
| 4 | USD 1,800 | 83 |
Studios rent on average for USD 514 monthly, representing the most accessible option for tenants seeking a first home or pied-à-terre. One-bedroom apartments, with the largest number of listings available (3,191 properties), are positioned at USD 672 monthly, confirming that Cordón is a convergence point for young tenants and freelance workers.
Two-bedroom apartments reach USD 800 monthly, while three-bedroom units are positioned at USD 900. Four-bedroom units, despite having a minority presence in the rental offering (83 listings), hover around USD 1,800 monthly, aimed at family groups or companies seeking corporate housing.
The variety of price and size in rentals reflects the heterogeneity of the neighborhood: from restored properties in historic buildings to modern apartments, all competing for sustained demand in Cordón.
Profitability
To evaluate the gross profitability of properties in Cordón, the annual return on rental income relative to purchase price is calculated. This analysis is crucial for investors seeking to generate cash flow in one of the most active neighborhoods downtown.
Considering current asking prices and monthly rentals, returns vary by property type. Studios, with an average price of USD 105,000 and rent of USD 514 monthly (USD 6,168 annually), achieve an approximate gross yield of 5.9%. One-bedroom apartments, valued at USD 138,000 and renting for USD 672 monthly, generate a gross return close to 5.8%.
Two-bedroom apartments offer more moderate returns: with a price of USD 174,500 and rent of USD 800 monthly (USD 9,600 annually), the gross yield is around 5.5%. These figures are competitive citywide, although it should be noted that gross yields in Montevideo typically range between 4% and 6%. Remember that these are returns based on asking prices; actual transactions typically close between 5% and 10% below asking, which potentially increases effective yield.
For long-term investors, Cordón offers a balance between return and appreciation potential. The neighborhood has sustained rental demand, which reduces vacancy risk, especially for one-bedroom and two-bedroom units.
Market Dynamics
Cordón presents a concentrated real estate offering. One-bedroom apartments accumulate the highest number of listings (9,519), followed by two-bedroom units (5,619). Studios also have significant presence (2,430 listings), while larger properties have less representation on the market: 893 three-bedroom, 232 four-bedroom, and just 18 with five or more bedrooms.
This distribution reflects the reality of the neighborhood: it is territory for investors and young professionals rather than large families. The concentration of demand in small units generates a robust seller's market, especially for one-bedroom apartments. Prices remain firm because available supply does not meet all potential demand.
For larger properties (4+ bedrooms), the market is more selective. Supply is limited and buyers have greater options in other neighborhoods like Pocitos or Punta Carretas. However, for rental investors, Cordón remains more attractive than those alternatives in terms of return.
The neighborhood experiences constant flows of international renters, remote workers, and professionals seeking to live near shops, bars, cultural life, and quick access to the entire city. This dynamism sustains prices and rental demand.
Conclusion
Cordón in June 2026 consolidates its role as a mixed neighborhood: an investment destination for small rental properties, and a housing option for tenants without family or with small families. Price per square meter is high for small units (USD 3,053 for one-bedroom apartments), but offers competitive gross yields (5.8%) thanks to rental demand.
It's worth investing in Cordón if: you're looking to generate rental income from one-bedroom or two-bedroom apartments with sustained demand; you want a property that rents quickly because the neighborhood attracts tenants constantly; you have a moderate budget (USD 100,000 to USD 180,000) and accept returns in the 5.5%-5.9% gross range.
It's not the best option if: you're looking for a large family apartment (4+ bedrooms); you expect very high yields (Cordón offers normal returns, not exceptional ones); you prefer quieter neighborhoods without constant tourist flow.
Compared to other downtown neighborhoods, Cordón maintains high asking prices but with greater liquidity. Check our Ranking of prices by neighborhood to see how it compares to other areas, and visit Best neighborhoods to invest for a comprehensive view of the market.
Updated: June 2026. Source: INGAR analysis based on current real estate offerings in Montevideo.
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