Parque Rodó: Prices and Rents — July 2026
INGAR · · Market
How much does a square metre cost in Parque Rodó?
The square metre in Parque Rodó has a median of USD 3,715 for apartments, the seventh most expensive in Montevideo and 49% above the city median. The median total price, however, is USD 195,500, because the units are small: a median 53 square metres.
| Metric | Value |
|---|---|
| Median price per m² | USD 3,715/m² |
| Usual range (p25–p75) | USD 3,188 – 4,389/m² |
| Median total price | USD 195,500 |
| Median floor area | 53 m² |
| Monthly change | -0.9% |
| Year-to-date change | -2.4% |
| Median rent | USD 744 |
| Gross yield | 4.9% |
| Estimated net yield | 3.2% |
| Years of rent to cover the price | 21.9 |
| Months of supply | 1.4 |
| Supply level | High |
| Houses: median price per m² | USD 1,892/m² |
It is the city's best example of why price per square metre is not enough on its own. Parque Rodó is more expensive per square metre than Malvín (USD 3,369/m²) and yet its entry ticket is USD 5,456 lower, simply because the apartments sold are smaller.
What is the rent in Parque Rodó and what does it yield?
The median rent is USD 744 a month and the gross yield is 4.9%, the third lowest in Montevideo. The estimated net figure is 3.2% and it takes 21.9 years of rent to cover the purchase price.
That low return has a market explanation: the price per square metre prices in the land scarcity of an area boxed in between the park, the promenade and Centro, while rent is set by what the neighbourhood's typical tenant pays, a student or young professional in one- or two-room units.
How did Parque Rodó prices move this month?
Asking prices eased 0.9% in the month and are down 2.4% for the year, in line with the rest of the coastal strip. Supply is absorbed in 1.4 months, faster than the city median, with a high supply level.
Along with Buceo, it is among the fastest-turning coastal neighbourhoods. The combination of small units, a contained entry price and steady rental demand means it sells easily.
What sets Parque Rodó apart?
Parque Rodó is the neighbourhood connecting Centro with the coast, and it lives off that hinge condition. It has the most used park in Montevideo, Ramírez beach, the Engineering and Architecture faculties, the summer theatre and a nightlife no other coastal neighbourhood has.
That mix defines its demand: university students who want to walk to class, young professionals who prioritise going out on foot, and buyers looking for a small well-located unit as an investment. It is the coast's youngest neighbourhood by profile.
The flip side of the appeal is size: at a median 53 square metres, it is not a neighbourhood designed for families. Anyone seeking floor area on the coast has to move towards Pocitos or Malvín and accept a higher ticket.
Houses in Parque Rodó cost USD 1,892/m² with a median price of USD 310,000: these are the old houses on the inner streets, most of them large.
Who is Parque Rodó right for?
For those living alone or as a couple who work or study in the central area and want to be steps from the park and the promenade. It is one of the few places in Montevideo where you can have coast, greenery and nightlife within walking distance.
For income investors it is not the best option: 4.9% gross is among the lowest in the city. What it does offer is liquidity (1.4 months of absorption) and a product, the small well-located unit, that always finds a buyer. If return is the goal, Tres Cruces (6.6%) or Ciudad Vieja (6.9%) are a few blocks away and yield almost two points more.
Frequently asked questions
How much does a square metre cost in Parque Rodó?
The table above shows the neighbourhood's median USD per square metre and its usual range, updated with the INGAR Index monthly close.
Is Parque Rodó 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 Parque Rodó 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.