Centro, Montevideo: Opportunities and Prices — July 2026
INGAR · · Market
How much does a square metre cost in Centro, Montevideo?
The square metre in Centro has a median of USD 2,734 for apartments, 10% above the city median. It ranks 23rd in the price table, right in the middle, and the median total price is USD 155,000 across 58 square metres.
| Metric | Value |
|---|---|
| Median price per m² | USD 2,734/m² |
| Usual range (p25–p75) | USD 2,165 – 3,251/m² |
| Median total price | USD 155,000 |
| Median floor area | 58 m² |
| Monthly change | +0.6% |
| Year-to-date change | -0.2% |
| Median rent | USD 677 |
| Gross yield | 5.8% |
| Estimated net yield | 3.8% |
| Years of rent to cover the price | 19.1 |
| Months of supply | 1.7 |
| Supply level | High |
| Houses: median price per m² | USD 1,045/m² |
The range from USD 2,165 to USD 3,251 per square metre is among the widest in relative terms, and the explanation is clear: Centro has the most heterogeneous building stock in Montevideo. There are 1940s rental buildings, 1970s towers and new construction, often on the same block.
What is the rent in Centro and what does it yield?
The median rent is USD 677 a month, barely above the city median (USD 653), and the gross yield is 5.8%, practically in line with Montevideo's 6.0%. The estimated net figure is 3.8% and it takes 19.1 years of rent to cover the price.
It is a neighbourhood of median numbers in every sense: median price, median rent, median return. That middling quality is precisely its distinguishing feature as an investment, because it implies few surprises in any direction.
How did Centro prices move this month?
Asking prices rose 0.5% in the month and the year-to-date figure is just -0.2%: it is among the most stable neighbourhoods in the entire city. While the premium coastal strip corrected downward and affordable neighbourhoods saw double-digit swings, Centro stayed practically flat.
Supply is absorbed in 1.7 months, in line with the city median, with a high supply level. There is plenty to choose from and it sells at a normal pace.
What sets Centro apart?
Centro is the only neighbourhood in Montevideo where you can live without any transport at all. The whole 18 de Julio axis, public administration, the theatres, the University, the main private study centres and the offices all sit within walking distance, and every bus line in the city passes through.
That centrality shapes its rental demand, the most diverse in Montevideo: students from the interior, public sector and services workers, young professionals. It is demand that does not rest on a single engine, and therefore holds up even when one of them falters.
The known flip side is the neighbourhood's night-time character: some areas empty out considerably outside office hours, and that weighs on the decision of anyone buying to live there. Within Centro itself there are significant differences between being near Plaza Independencia, the Ejido axis or the area closest to Cordón.
Houses in Centro are a residual product: USD 1,045/m², 62% less than apartments, the second widest gap in the city. These are old properties where the market values the land rather than the building.
Who is Centro right for?
For those who want to live without depending on transport and prioritise proximity to work or study over a residential setting. For the investor seeking a moderate entry (a median USD 155,000) with diversified rental demand and a price series that delivers no shocks.
If the priority is neighbourhood atmosphere, with street life seven days a week and local shops, Cordón and Parque Batlle offer something similar in price with more residential character: Cordón costs USD 2,855/m² and Parque Batlle USD 2,993/m², barely above Centro.
Frequently asked questions
How much does a square metre cost in Centro?
The table above shows the neighbourhood's median USD per square metre and its usual range, updated with the INGAR Index monthly close.
Is Centro a good place to invest?
It depends on your goal: check the yield and supply dynamics above. For a read on a specific property, get an online appraisal or write to us.
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. See the Centro data sheet with the full monthly series and the 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.