Tres Cruces: Prices and Connectivity — June 2026
INGAR · · Market
Sale Prices
Tres Cruces maintains its position as one of the most dynamic neighborhoods in Montevideo in terms of sales supply. The June 2026 sample reflects significant diversity in property types, with 7,026 listings for sale distributed among studios, apartments with 1 to 4 bedrooms, and a few larger units.
The price per square meter varies significantly depending on the number of bedrooms. Studios (0 bedrooms) reach USD 2,970/m², while 1-bedroom apartments are positioned just below, at USD 2,925/m². This difference is due to studios typically being located in areas of higher density and accessibility, although 1-bedroom units dominate the supply with 3,149 listings.
As the number of bedrooms increases, the price per square meter decreases: 2-bedroom units are quoted at USD 2,716/m², 3-bedroom at USD 2,111/m², and 4-bedroom at USD 1,701/m². This behavior is typical of the neighborhood and reflects that larger units tend to be located in less premium areas or with older renovations.
| Bedrooms | Price/m² | Total Price | Sample |
|---|---|---|---|
| 0 | USD 2,970/m² | USD 99,900 | 556 |
| 1 | USD 2,925/m² | USD 141,000 | 3,149 |
| 2 | USD 2,716/m² | USD 173,680 | 2,698 |
| 3 | USD 2,111/m² | USD 199,000 | 576 |
| 4 | USD 1,701/m² | USD 269,000 | 47 |
The average total price of a 2-bedroom apartment (the most traditional property type) is USD 173,680, while a studio averages USD 99,900 and a 3-bedroom reaches USD 199,000. These values reflect published supply — remember that in Uruguay transactions typically close between 5% and 10% below the asking price.
Rentals
The rental market in Tres Cruces remains robust, with combined supply of 2,959 listings ranging from studios to 4-bedroom units. Values reflect the sustained demand for the neighborhood as a zone for temporary residence, students, and young professionals.
| Bedrooms | Monthly Rent | Sample |
|---|---|---|
| 0 | USD 501 | 345 |
| 1 | USD 697 | 1,584 |
| 2 | USD 819 | 913 |
| 3 | USD 953 | 109 |
| 4 | USD 950 | 8 |
A studio rents on average for USD 501 per month, a 1-bedroom for USD 697, and a 2-bedroom for USD 819. For larger units (3 and 4 bedrooms), monthly rent averages around USD 950-953, although the supply is much more limited (109 and 8 listings respectively).
The relationship between purchase price and rent shows a market where buying is attractive for investors: a 1-bedroom costing USD 141,000 generates USD 697 monthly in rent, while a 2-bedroom of USD 173,680 rents for USD 819 per month. These numbers are relevant for calculating the neighborhood's gross yields.
Return on Investment
For investors interested in Tres Cruces, the neighborhood's gross return on investment is at moderate but consistent levels. Based on current asking prices and published rents, an investor can expect returns that vary depending on property type.
A studio at USD 99,900 that rents for USD 501 per month generates an approximate gross yield of 6.0% annually. A 1-bedroom at USD 141,000 renting for USD 697 per month offers a yield of approximately 5.9% annually. A 2-bedroom at USD 173,680 with rent of USD 819 per month provides a yield close to 5.7% annually.
These returns are above the average offered by other assets in Uruguay and reflect the appeal of the neighborhood for residential investment. However, you should consider that gross yields do not include administration fees, taxes, insurance, or maintenance, which in Uruguay typically represent between 15% and 25% of monthly rent. Net yield would be considerably lower.
Tres Cruces is especially attractive for investors seeking quick occupancy: rental demand is sustained and the neighborhood has low vacancy risk.
Market Dynamics
Supply in Tres Cruces is abundant and diversified. With almost 7,000 listings for sale and almost 3,000 for rent, the neighborhood reflects characteristics of a moderately balanced buyer's market. The large number of available options gives purchasing power to buyers.
The greatest concentration of supply is found in 1 and 2-bedroom apartments (3,149 and 2,698 listings respectively), which represent approximately 81% of the sales sample. This reflects the nature of the neighborhood: a consolidated, central zone, oriented toward professionals, students, and couples without children.
Studios also have significant presence (556 listings), while larger units (3 and 4 bedrooms) are less abundant (576 and 47 listings), indicating the neighborhood is not a priority destination for large families or investors seeking large units.
The sales speed in Tres Cruces tends to be fast for well-located, modernized, and properly priced apartments. Published prices typically adjust after 30 to 60 days if there are no offers, which indicates there is room for negotiation.
Conclusion
Tres Cruces in June 2026 remains a competitive neighborhood, with prices ranging from USD 99,900 (studios) to USD 269,000 (4-bedroom units at the upper end of supply). The supply is ample, which favors buyers with capacity to choose.
Who Tres Cruces suits:
- Rental investors: The neighborhood offers gross yields of 5.7% to 6.0%, fast occupancy, and sustained tenant demand.
- Young owner-occupant buyers: Professionals, students, or couples who value centrality, proximity to shops, restaurants, and transportation.
- Investors with tight budget: Studios and 1-bedrooms have accessible entry (USD 100,000 to USD 141,000) with revaluation potential.
- Not ideal for: Large families seeking 3+ bedrooms (limited supply) or buyers who prioritize tranquility over accessibility (it's a dynamic and dense area).
The neighborhood maintains solidity as a real estate asset. If you're looking for comparative information with other areas, visit our price ranking by neighborhood or consult our guide on best neighborhoods to invest.
Updated: June 2026. Source: INGAR analysis based on current real estate supply in Montevideo.