Rentals and Prices in Cordón — July 2026
INGAR · · Market
How much does a square metre cost in Cordón?
The square metre in Cordón has a median of USD 2,855 for apartments, 15% above the Montevideo median. The median total price is USD 143,000, and the key to the neighbourhood lies in size: a median 50 square metres, the smallest among the neighbourhoods with their own report.
| Metric | Value |
|---|---|
| Median price per m² | USD 2,855/m² |
| Usual range (p25–p75) | USD 2,442 – 3,290/m² |
| Median total price | USD 143,000 |
| Median floor area | 50 m² |
| Monthly change | -0.5% |
| Year-to-date change | -2.6% |
| Median rent | USD 712 |
| Gross yield | 5.9% |
| Estimated net yield | 3.8% |
| Years of rent to cover the price | 16.7 |
| Months of supply | 1.7 |
| Supply level | High |
| Houses: median price per m² | USD 1,309/m² |
That combination of an expensive square metre and a small unit is Cordón's trademark. You pay to be there, not for space: the entry ticket stays below the city median even though the price per square metre sits above it.
What is the rent in Cordón and what does it yield?
The median rent is USD 712 a month and the gross yield is 5.9%, practically at the city median. The estimated net figure is 3.8%, and 16.7 years of rent cover the purchase price, one of the shortest spans in the central area.
Rental demand is the most predictable in Montevideo alongside Centro's. Cordón concentrates faculties, institutes and a floating student population that refreshes the market each academic year, and that constant turnover keeps occupancy high even as tenants change often.
How did Cordón prices move this month?
Asking prices eased 0.5% in the month and are down 2.6% for the year, within a stable range. Supply is absorbed in 1.7 months, in line with the city, and the supply level is high: there is volume and there is turnover.
What sets Cordón apart?
Cordón is the neighbourhood where Montevideo changed scale over the past decade. The Cordón Soho axis, between Canelones and Maldonado, went from workshops and old houses to a corridor of bars, restaurants and new buildings of small units, and that transformation explains the high price per square metre alongside low floor areas.
At the same time it retains the other Cordón, the academic and working one: the area around the Medical School, the Hospital de Clínicas, and the streets running down to 18 de Julio. They are two neighbourhoods in one, with similar prices and very different buyer profiles.
For those looking to live there, the main advantage is centrality without the emptiness Centro has outside office hours: Cordón has street life seven days a week. The drawback is home size: a median 50 square metres is little for a family.
Houses in Cordón cost USD 1,309/m², 54% less than apartments, with a median price of USD 245,000. These are the old houses on the inner streets, generally large and in need of renovation.
Who is Cordón right for?
For those living alone or as a couple who prioritise centrality and urban life, with an entry ticket of USD 143,000. For the investor seeking income with the most predictable demand in the city and a 16.7-year payback, shorter than any coastal neighbourhood.
It is not the choice if floor area is needed. For the same money, Parque Batlle offers a median 57 square metres and La Blanqueada a 16.5-year payback in a more residential setting, both less than fifteen minutes from the centre.
Frequently asked questions
How much does a square metre cost in Cordón?
The table above shows the neighbourhood's median USD per square metre and its usual range, updated with the INGAR Index monthly close.
Is Cordón 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 Cordón 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.