Neighborhood Price Rankings in Montevideo — July 2026

INGAR · · Rankings

Neighborhood Price Rankings in Montevideo — July 2026

Which is the most expensive neighbourhood in Montevideo?

The most expensive neighbourhood is Golf, with a median of USD 4,070/m² for apartments. Next come Puerto Buceo (USD 3,932/m²), Villa Biarritz (USD 3,895/m²), Carrasco Norte (USD 3,819/m²) and Punta Carretas (USD 3,802/m²). These are five small, low-turnover areas with one trait in common: the supply that reaches the market is made up of large units or recent buildings, and that holds the price per square metre up even when the rest of the city barely moves.

The gap between the top and the bottom of the ranking is 4.2 times: the distance from Golf's square metre to Cerro's (USD 967/m²) is not explained by any single market variable. The city median came in at USD 2,486/m², so the top five sit between 53% and 64% above it.

One detail worth reading carefully: a high price per square metre does not mean a high ticket. Parque Rodó ranks seventh at USD 3,715/m², yet its median total price is USD 195,500, far below Golf's USD 670,000, because the units on offer are considerably smaller. Price per square metre ranks the standing of the area; total price ranks who can actually afford it.

How much does a square metre cost across the city?

Montevideo's median stood at USD 2,486/m² at the July close, and the full table shows the 49 neighbourhoods with publishable apartment data, along with their usual range and the change for the month.

NeighborhoodUSD/m²Usual range (p25–p75)Monthly changeSupply
GolfUSD 4,070/m²USD 3,407 – 4,858+0.6%Medium
Puerto BuceoUSD 3,932/m²USD 3,280 – 4,781+0.2%Medium
Villa BiarritzUSD 3,895/m²USD 3,278 – 4,771-0.1%Medium
Carrasco NorteUSD 3,819/m²USD 3,417 – 4,233-0.8%Medium
Punta CarretasUSD 3,802/m²USD 3,297 – 4,375-0.8%High
CarrascoUSD 3,794/m²USD 3,154 – 4,611-0.9%High
Parque RodóUSD 3,715/m²USD 3,188 – 4,389-0.9%High
Pocitos NuevoUSD 3,669/m²USD 3,214 – 4,250-1.8%High
PocitosUSD 3,548/m²USD 3,011 – 4,161-0.3%High
MalvínUSD 3,369/m²USD 2,818 – 3,906-0.4%High
BuceoUSD 3,172/m²USD 2,706 – 3,674-0.1%High
PalermoUSD 3,155/m²USD 2,700 – 3,559-0.2%High
Villa DoloresUSD 3,130/m²USD 2,700 – 3,500-1.3%Low
Punta GordaUSD 3,077/m²USD 2,655 – 4,106-2.9%Medium
Barrio SurUSD 3,020/m²USD 2,557 – 3,451-0.6%High
Parque BatlleUSD 2,993/m²USD 2,614 – 3,500+0.4%High
La BlanqueadaUSD 2,932/m²USD 2,534 – 3,391-0.8%High
LarrañagaUSD 2,870/m²USD 2,311 – 3,484+1.1%Low
CordónUSD 2,855/m²USD 2,442 – 3,290-0.5%High
Tres CrucesUSD 2,778/m²USD 2,355 – 3,140-0.9%High
CapurroUSD 2,770/m²USD 2,351 – 3,134-0.0%Medium
PradoUSD 2,756/m²USD 2,071 – 3,143-1.1%High
CentroUSD 2,734/m²USD 2,165 – 3,251+0.6%High
AguadaUSD 2,536/m²USD 2,077 – 2,949+0.5%High
Bella VistaUSD 2,486/m²USD 2,076 – 3,105-3.0%Medium
Capurro - Bella VistaUSD 2,476/m²USD 2,086 – 3,172+1.3%Low
Jacinto VeraUSD 2,365/m²USD 1,708 – 3,5360.0%Medium
La ComercialUSD 2,267/m²USD 1,763 – 2,723+1.6%Medium
Ciudad ViejaUSD 2,152/m²USD 1,753 – 2,550-0.2%Medium
GoesUSD 2,115/m²USD 1,630 – 2,6770.0%Low
Brazo OrientalUSD 2,095/m²USD 1,615 – 2,622-0.4%Medium
Arroyo SecoUSD 2,048/m²USD 1,474 – 2,404+1.4%Low
Mercado ModeloUSD 1,976/m²USD 1,715 – 2,315+3.8%Low
UniónUSD 1,956/m²USD 1,472 – 2,633-2.2%Medium
Villa MuñozUSD 1,922/m²USD 1,573 – 2,545+0.5%Low
AtahualpaUSD 1,920/m²USD 1,529 – 2,552-0.5%Medium
ReductoUSD 1,865/m²USD 1,435 – 2,343-0.2%Medium
Paso MolinoUSD 1,667/m²USD 1,409 – 1,9530.0%Low
BelvedereUSD 1,449/m²USD 991 – 1,686+11.2%Low
Villa EspañolaUSD 1,437/m²USD 1,179 – 1,693-1.2%Medium
SayagoUSD 1,369/m²USD 1,000 – 1,834+16.2%Low
Aires PurosUSD 1,308/m²USD 1,079 – 1,742+6.1%Low
MaroñasUSD 1,259/m²USD 790 – 1,596-7.0%Low
La TejaUSD 1,222/m²USD 949 – 1,386-1.1%Low
Malvín NorteUSD 1,177/m²USD 979 – 1,500-0.3%Medium
CerritoUSD 1,171/m²USD 957 – 1,404-11.5%Low
ItuzaingóUSD 1,141/m²USD 872 – 1,267+3.0%Low
ColónUSD 998/m²USD 874 – 1,342+1.5%Low
CerroUSD 967/m²USD 743 – 1,2900.0%Low

The middle band of the table, running from Aguada (USD 2,536/m²) to Buceo (USD 3,172/m²), is the most crowded and also the most useful for comparison: established central neighbourhoods such as Cordón (USD 2,855/m²), Centro (USD 2,734/m²) and Tres Cruces (USD 2,778/m²) sit alongside residential areas on the Avenida Italia corridor such as Parque Batlle (USD 2,993/m²) and La Blanqueada (USD 2,932/m²). Between the most and least expensive in that group there is barely a 15% difference, so the decision is rarely settled on price per square metre and much more often on the floor area you get for the same money.

Which are the most affordable neighbourhoods to buy in Montevideo?

The most affordable neighbourhood is Cerro at USD 967/m², followed by Colón (USD 998/m²), Ituzaingó (USD 1,141/m²), Cerrito (USD 1,171/m²) and Malvín Norte (USD 1,177/m²). In these areas the median total price of an apartment runs from USD 50,000 to USD 75,000, a range that on the coast would not even buy a studio.

That discount has a flip side this article's table does not show and which is worth stating: the cheapest neighbourhoods are also the ones with the least market depth, with low supply and series more sensitive to what happens to come on the market in a given month. They work for buying on a tight budget or for rental income, but resale is less liquid than in the central corridor.

Which neighbourhoods rose or fell in price this month?

The largest move of the month was Sayago, up 16.2% to USD 1,369/m², followed by Belvedere (up 11.2% to USD 1,449/m²) and Aires Puros (up 6.1% to USD 1,308/m²). In the opposite direction, Cerrito gave up 11.5% and Maroñas 7.0%.

All three upward jumps share a low-priced neighbourhood with thin supply, where a handful of atypical units entering or leaving moves the median more than any real market shift. That is why they should be read alongside the year-to-date change, which in the trends table smooths out the noise of a single month.

The contrast is in the premium band, which barely moved and almost entirely to the downside: Punta Carretas (-0.8%), Parque Rodó (-0.9%), Carrasco (-0.9%), Pocitos Nuevo (-1.8%) and Punta Gorda (-2.9%). None of those declines is large on its own, but together they sketch a month of asking prices drifting slightly lower in the most expensive areas, while the affordable neighbourhoods absorbed most of the volatility.

Conclusion

July leaves a city with its median at USD 2,486/m², a 4.2-times gap between the extremes and a premium band that corrected mildly downward. If you are comparing neighbourhoods, sort first by total price and floor area, and use price per square metre as a cross-check: two neighbourhoods with the same square-metre figure can have very different entry tickets depending on the typical size of the unit on offer.

To continue the analysis: best neighbourhoods to invest in and price versus return comparison.

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

Related articles