Parque Rodó: Prices and Rents — July 2026
INGAR · · Market
Sale Prices
Parque Rodó positions itself as an upper-middle-tier neighborhood in Montevideo's price landscape. Current listing values show a typical structure where the price per square meter decreases as the number of bedrooms increases, reflecting differentiated demand by property type.
Studio apartments lead in unit value at USD 4,212/m², reaching a total price of USD 134,900, making them the most expensive option per square meter. 1-bedroom apartments are listed at USD 3,770/m² (USD 191,900 total), maintaining a considerable premium over larger units. 2-bedroom apartments represent the market's equilibrium point at USD 3,357/m² (USD 275,925), while 3- and 4-bedroom properties drop to USD 2,920/m² and USD 2,030/m² respectively.
| Bedrooms | Price/m² | Total Price |
|---|---|---|
| 0 | USD 4,212/m² | USD 134,900 |
| 1 | USD 3,770/m² | USD 191,900 |
| 2 | USD 3,357/m² | USD 275,925 |
| 3 | USD 2,920/m² | USD 264,500 |
| 4 | USD 2,030/m² | USD 265,000 |
This price distribution suggests that buyers of smaller units have less negotiating power, while those looking for houses or larger properties access significantly lower unit values. Parque Rodó remains attractive both as a primary residence and as an investment in the short-term rental segment, especially for studio apartments.
Rentals
The rental market in Parque Rodó reflects sustained demand, with rents that vary according to family composition and space needs. Studio apartments rent for USD 526 per month, an accessible price for students and young professionals. 1-bedroom apartments are around USD 652 per month, while 2-bedroom units reach USD 864.
| Bedrooms | Monthly Rent |
|---|---|
| 0 | USD 526 |
| 1 | USD 652 |
| 2 | USD 864 |
| 3 | USD 1,130 |
3-bedroom units close the table at USD 1,130 per month, a level that begins to compete with more prestigious areas. The rent progression is linear and predictable, which makes projections easier for investors. It is notable that the area's median rent (USD 772) falls between 1- and 2-bedroom apartments, confirming that the bulk of demand is concentrated in that segment.
Returns
For investors interested in long-term rentals, Parque Rodó presents a moderate and stable profile:
- Gross yield: 4.6%
- Estimated net yield: 3.5%
- Price-to-rent ratio: 22 years
- Median monthly rent: USD 772
The gross yield of 4.6% is consistent with what is expected in established Montevideo neighborhoods, sitting in the middle of the normal range (4–6%). This means that on the current listing price, an investor would receive that percentage annually in rents. After deducting maintenance costs, insurance, and taxes, the estimated net yield of 3.5% is the expected real income.
The price-to-rent ratio of 22 years indicates that you would recover your initial investment solely through rents in approximately two decades, without factoring in capital appreciation. This is a somewhat conservative but realistic indicator for a well-infrastructured neighborhood with consistent demand. The median rent of USD 772 is a good reference for calculating returns on mid-sized properties.
Parque Rodó works best as a mixed investment: moderate rental income plus medium-term appreciation potential, rather than as a pure cash flow strategy.
Market Dynamics
- Current supply (relative level among neighborhoods): High
- Months of stock: 3.5
Current supply is high in Parque Rodó, which translates into a market with buyer-friendly characteristics. With 3.5 months of available stock, there is sufficient inventory for buyers to have options and room to negotiate. Historically, between 3 and 4 months of stock is considered balanced; above 4 favors buyers, below 2 favors sellers. Parque Rodó sits right at the transition, leaning slightly toward buyers.
This situation benefits buyers who can wait, compare, and request discounts off published listing prices. In Uruguay, it is common for transactions to close between 5% and 10% below the listed value, and a high supply market reinforces that possibility. For sellers, the recommendation is competitive pricing from the start.
The combination of high supply and moderate stock suggests that Parque Rodó remains attractive, but without scarcity pressures that would accelerate purchase decisions.
Conclusion
Parque Rodó is an established, walkable neighborhood with good connectivity, attracting families, professionals, and students. Sale prices range around USD 2,000–4,200/m² depending on property type, while rentals offer moderate yields (4.6% gross) in a market with abundant supply.
Who is Parque Rodó right for?
- First-time buyers: Look for 1–2-bedroom apartments. The area has schools, supermarkets, and accessible transportation. Take advantage of the high supply to negotiate.
- Rental investors: Focus on studios and 1-bedroom units if you are looking for steady cash flow. The net yield of 3.5% is reasonable for a safe neighborhood without surprises.
- Those seeking a property with a mixed profile: Parque Rodó is a good base for capital growth and medium-term returns.
To compare with other neighborhoods or explore investment opportunities with a different profile, check the price ranking by neighborhood and the guide to best neighborhoods to invest in.
Frequently Asked Questions
How much does a square meter cost in Parque Rodó?
In the sale price table above you'll find the median USD per square meter by number of bedrooms, updated this month with the current listings in Parque Rodó.
Is it worth investing in Parque Rodó?
It depends on your goal: check the returns section and market dynamics above. For a personalized read, appraise a property online or reach out and we'll look at it together.
Want to invest with data, not intuition? See how to invest in Uruguay, appraise a property online, or message us on WhatsApp.
This data is part of the INGAR Index, the monthly Montevideo real estate market index. Check the Parque Rodó profile with the full monthly series and the methodology.
Updated: July 2026. Source: INGAR analysis based on current real estate listings in Montevideo.