Parque Rodó: Prices and Rentals — June 2026
INGAR · · Market
Sale Prices
Parque Rodó maintains a highly differentiated price structure depending on property type. Studios are the most expensive in the local market, quoting on average USD 4,125/m² —a leadership position that reflects concentrated demand from young professionals and investors. However, the average total price of USD 132,000 shows these are compact spaces, mostly between 30 and 35 m².
The 1-bedroom segment is the most dynamic in the neighborhood: with 1,406 listings for sale, it constitutes almost 47% of the total sample. The price/m² of USD 3,826/m² reflects a significant presence of apartments between 45 and 65 m², with total prices close to USD 189,000. This is the range where the newest units coexist with older stock requiring renovation.
2-bedroom units drop to USD 3,329/m², approaching the neighborhood average. With 948 properties for sale, they represent 31% of the offer and are the inflection point where Parque Rodó begins to compete directly with neighborhoods like Aguada and Pocitos in relative price. The total of USD 274,500 suggests units between 70 and 90 m².
3 and 4-bedroom units are very small niches: only 192 and 32 listings respectively. Prices drop significantly (USD 2,790/m² and USD 2,033/m²), indicating that Parque Rodó is not the preferred destination for large families. These figures reflect the urban and compact nature of the neighborhood.
| Bedrooms | Price/m² | Total Price | Sample |
|---|---|---|---|
| 0 | USD 4,125/m² | USD 132,000 | 444 |
| 1 | USD 3,826/m² | USD 189,000 | 1,406 |
| 2 | USD 3,329/m² | USD 274,500 | 948 |
| 3 | USD 2,790/m² | USD 250,000 | 192 |
| 4 | USD 2,033/m² | USD 265,000 | 32 |
Rentals
The rental market in Parque Rodó shows sustained demand and very competitive price per m². Studios average around USD 526 monthly, with a sample of 144 listings indicating a liquid but not saturated market. For investors seeking quick turnover and floating population (students, young professionals), this segment offers predictability.
The 1-bedroom range is the deepest: 442 properties for rent at USD 675 monthly. This level of supply reflects that many investors have replicated the model that worked in previous price ranges, generating competition but also legitimizing the neighborhood as an established rental destination. The relationship between stock for sale (1,406) and for rent (442) suggests that approximately 31% of the offered market is rental.
2-bedroom units reach USD 849 monthly with 405 listings for offer, indicating that this segment also has significant traction. This is the point where couples without children and tenants willing to pay a premium for space emerge in a neighborhood valued for location and amenities.
3-bedroom units are very scarce (124 listings) at USD 1,053 monthly, confirming the neighborhood profile: compact, urban, and oriented toward smaller population segments or those with high purchasing power.
| Bedrooms | Monthly Rental | Sample |
|---|---|---|
| 0 | USD 526 | 144 |
| 1 | USD 675 | 442 |
| 2 | USD 849 | 405 |
| 3 | USD 1,053 | 124 |
Rental Yield
The gross rental yield data characterizing Parque Rodó deserves careful analysis. A USD 132,000 studio generating USD 526 monthly produces a gross yield of approximately 4.8% annualized. For a 1-bedroom (USD 189,000 / USD 675 monthly), the gross yield rounds to 4.3%. In 2-bedrooms (USD 274,500 / USD 849 monthly), it drops to 3.7%.
These numbers are typical of quality Montevideo market standards, but not exceptional. What does differentiate Parque Rodó is the predictability of rental demand and quick turnover: the neighborhood attracts permanent floating population (graduate students, professionals in transit, expatriate executives), which reduces vacancy and facilitates finding tenants in 15-30 days.
For investors prioritizing stable cash flow over appreciation, Parque Rodó is a viable option. The area is not for speculators: it's for those seeking predictable income in hard currency with a neighborhood that maintains its appeal long-term.
Market Dynamics
Parque Rodó presents characteristics of a balanced market with slight seller inclination in the 0-1 bedroom segment, where supply is massive (1,850 listings across both ranges) but demand absorbs quickly.
Total inventory hovers around 2,976 listings for sale, a figure reflecting a neighborhood with permanent liquidity but without accelerated speculation. The distribution is clear: 47% are studios and 1-bedrooms, 32% are 2-bedrooms, and only 7% are 3+ bedrooms. This pattern has not changed significantly in recent quarters, suggesting structural market stability.
The gap between sale and rental supply (2,976 vs. 1,115 listings) indicates that most stock is marketed with intention of definitive sale, not rental investment. However, the presence of 1,115 rental listings shows the rental market is secondary but functional.
In terms of competition with other neighborhoods, Parque Rodó positions itself below Pocitos and Punta Carretas in price/m², but above Ciudad Vieja and Cordón. This makes it attractive for buyers with USD 150,000-300,000 budgets.
Conclusion
Parque Rodó in June 2026 is a consolidated neighborhood, without extreme volatility, with sustained demand but without speculative euphoria. It is the preferred destination for first-time buyers or young investors seeking central location without the premium price of Pocitos, and for modest rental investors prioritizing cash flow over appreciation.
The decreasing prices/m² as unit size increases suggests that the neighborhood's true strength lies in small units. It is not a neighborhood for large families or buyers speculating on accelerated appreciation. Instead, it is a long-term neighborhood: useful, urban, with consolidated services and an occupancy model that has proven its sustainability.
Who Parque Rodó suits:
- Rental investors: Yields of 3.7%-4.8% with low vacancy and predictable demand.
- First-time buyers: Access to central area with more accessible prices than Pocitos.
- Young professionals: 1-2 bedroom rental demand very fluid.
- Short-to-medium term operators: Deep stock allows quick entry and exit without price pressure.
Check our ranking of neighborhoods to invest in to compare Parque Rodó with other areas of Montevideo.
Updated: June 2026. Source: INGAR analysis based on current real estate supply in Montevideo.