Rentals and Prices in Cordón — July 2026
INGAR · · Market
Sale Prices
Cordón remains one of the most dynamic neighborhoods in the Montevideo real estate market, and its listing prices reflect sustained demand for the area. Prices vary significantly by number of bedrooms, following a structure typical of established neighborhoods where smaller apartments command a higher price per square meter.
| Bedrooms | Price/m² | Total Price |
|---|---|---|
| 0 | USD 3,091/m² | USD 105,900 |
| 1 | USD 2,995/m² | USD 137,600 |
| 2 | USD 2,683/m² | USD 175,000 |
| 3 | USD 1,956/m² | USD 179,000 |
| 4 | USD 1,583/m² | USD 237,000 |
| 5 | USD 1,607/m² | USD 180,000 |
Studio apartments average USD 3,091/m², reflecting the preference of young buyers and professionals for the area. 2-bedroom apartments, which represent the highest residential demand in Cordón, run around USD 2,683/m² with a total price of USD 175,000. As the number of bedrooms increases, the unit price drops considerably: 3-bedroom units fall to USD 1,956/m², showing that larger properties offer better value per square meter.
The 4-bedroom segment has a high total price (USD 237,000) but the lowest unit cost in the survey (USD 1,583/m²). Large houses or apartments in Cordón are less common than in residential neighborhoods, which explains both the total price and the lower supply density currently available in that category.
Rentals
The rental market in Cordón reflects the same price hierarchy as sales, though with greater relative affordability. Studio apartments rent for USD 519 per month, while 1-bedroom units reach USD 674. For families, 2-bedroom apartments are available at USD 814 per month.
| Bedrooms | Monthly Rent |
|---|---|
| 0 | USD 519 |
| 1 | USD 674 |
| 2 | USD 814 |
| 3 | USD 900 |
| 4 | USD 1,925 |
3-bedroom apartments reach USD 900 per month, while 4-bedroom units — typically houses or penthouses — run around USD 1,925. This price structure shows that the rental market in Cordón is well segmented, with supply for every profile: from students and young professionals to established families and investors with larger properties.
Returns
- Gross yield: 5.9%
- Estimated net yield: 4.4%
- Price-to-rent ratio: 17 years
- Median monthly rent: USD 714
Cordón offers a gross yield of 5.9%, positioning it among the most competitive neighborhoods in the market for investors. The estimated net yield of 4.4% — after deducting management fees, taxes, and maintenance — remains attractive in the current context. The price-to-rent ratio of 17 years indicates that a median property is recovered in approximately 17 years through rent alone, without considering capital appreciation.
For an investor, this means Cordón combines immediate returns (positive cash flow) with medium-term appreciation potential. The median monthly rent of USD 714 reflects a stable asset with consistent tenant demand, typical of established and well-connected neighborhoods like this one.
Market Dynamics
- Current supply (relative level among neighborhoods): High
- Months of stock: 3.1
Cordón presents high supply in the context of the Montevideo market, indicating an abundance of properties for sale. With 3.1 months of stock, we are looking at a technically balanced market but with a tendency toward the buyer: at this hypothetical sales pace, the current inventory would be exhausted in just over three months. This contrasts favorably with seller's markets (stock below 2 months).
The abundant supply gives buyers room to negotiate. While listing prices remain competitive, the volume of available properties allows for careful comparisons and opportunities to negotiate. For those investing in rentals, this is particularly relevant: the renewed supply means the possibility of finding price opportunities throughout the year.
Conclusion
Cordón in July 2026 is an established neighborhood with accessible prices compared to other areas of Montevideo and honest returns for investors. It is not a neighborhood for pure speculators: it offers positive cash flow in the medium term, stable tenant demand, and a prime location that will not lose value.
It makes sense to buy in Cordón if:
- You are looking for a profitable asset with a gross yield above 5.7%
- You want a neighborhood with access to services, retail, and quality public transportation
- You prefer diversification: the high supply allows you to choose from multiple options
- You are looking for a balance between housing and investment (living in the property or renting it out are both viable options)
Also check out our neighborhood price ranking to compare Cordón with other areas, and see our guide on the best neighborhoods to invest in Montevideo to see how it positions within a portfolio strategy.
Frequently Asked Questions
How much does a square meter cost in Cordón?
In the sale price table above you will find the median USD per square meter by number of bedrooms, updated this month with the current supply in Cordón.
Is it worth investing in Cordón?
It depends on your goal: check the returns section and the market dynamics above. For a personalized analysis, get an online property appraisal or reach out and we can look at it together.
Want to invest based on data, not intuition? 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 Montevideo real estate market index. See the Cordón profile with the full monthly series and the methodology.
Updated: July 2026. Source: INGAR analysis based on current real estate listings in Montevideo.