Prado real estate data — Índice INGAR
Prado: USD 2,756/m² median asking price for apartments in July 2026, estimated gross rental yield 5.7%.
Last updated: August 1, 2026.
How much does a square meter cost in Prado, Montevideo?
An apartment in Prado costs a median of USD 2,756 per m² in July 2026, -1.1% versus the previous month.
In July 2026, Prado ranks #22 of 49 published neighborhoods by price per m² in apartments (#1 = most expensive). The median asking price is USD 159,000 for a typical surface of 60 m². Versus the previous month the price per m² moved -1.1%; since the series began (March 2026) it accumulates -3.6%. Supply in the neighborhood is medium relative to the rest of the city, with 1.8 months of inventory at the current sales pace. Estimated capital appreciation for the area is +3.5% per year; unlike the other figures in this section, this one is calculated from official INE and DGI series, not from our own survey. Figures reflect asking prices from the Índice INGAR, not closed transactions.
Apartments — July 2026
- Median USD/m² (USD/m²)
- USD 2,756
- P25–P75 (USD/m²)
- 2,071 – 3,143
- Median price (USD)
- USD 159,000
- Median surface
- 60 m²
- MoM change
- -1.1%
- Change since series start
- -3.6%
- Median rent (USD/mo)
- USD 663
- Estimated gross yield
- 5.7% estimated
- Estimated net yield
- 3.7% estimated
- Months of supply
- 1.8
- Absorption rate
- 55.3%
- Estimated capital appreciation (INE + DGI)
- +3.5%
- Supply
- Medium
What rental yield does an apartment in Prado produce?
An apartment in Prado yields an estimated 5.7% gross per year in July 2026 (3.7% estimated net), with a median rent of USD 663 per month. These are estimates over asking prices, not guaranteed returns.
How the net yield is estimated (total deduction of 35.16%) →
Monthly series — Apartments
| Month | Median USD/m² | P25 | P75 | MoM change | Estimated gross yield* | Supply |
|---|---|---|---|---|---|---|
| Mar 2026 | USD 2,863 | 2,238 | 3,256 | — | 5.4% | High |
| Apr 2026 | USD 2,768 | 2,145 | 3,250 | -3.3% | 5.5% | High |
| May 2026 | USD 2,726 | 2,071 | 3,232 | -1.5% | 5.6% | High |
| Jun 2026 | USD 2,760 | 2,092 | 3,200 | +1.3% | 5.7% | Medium |
| Jul 2026 | USD 2,756 | 2,071 | 3,143 | -1.1% | 5.7% | Medium |
* Yields are estimates based on asking prices, not promised returns. See methodology. The series starts in March 2026; cumulative change is measured from that start.
Source: Índice INGAR — our own market survey (asking prices).
How much does a house cost in Prado, Montevideo?
A house in Prado has a median asking price of USD 295,000 in July 2026 (USD 1,444/m², typical surface 234 m²), -0.6% versus the previous month.
In July 2026, Prado ranks #18 of 55 published neighborhoods by price per m² in houses (#1 = most expensive). Versus the previous month the price per m² moved -0.6%; since the series began (March 2026) it accumulates -6.1%. Supply in the neighborhood is high relative to the rest of the city, with 2.2 months of inventory at the current sales pace. Estimated capital appreciation for the area is +3.5% per year; unlike the other figures in this section, this one is calculated from official INE and DGI series, not from our own survey. Figures reflect asking prices from the Índice INGAR, not closed transactions.
Houses — July 2026
- Median USD/m² (USD/m²)
- USD 1,444
- P25–P75 (USD/m²)
- 875 – 1,899
- Median price (USD)
- USD 295,000
- Median surface
- 234 m²
- MoM change
- -0.6%
- Change since series start
- -6.1%
- Median rent (USD/mo)
- USD 1,155
- Estimated gross yield
- 5.8% estimated
- Estimated net yield
- 3.7% estimated
- Months of supply
- 2.2
- Absorption rate
- 44.9%
- Estimated capital appreciation (INE + DGI)
- +3.5%
- Supply
- High
Monthly series — Houses
| Month | Median USD/m² | P25 | P75 | MoM change | Estimated gross yield* | Supply |
|---|---|---|---|---|---|---|
| Mar 2026 | USD 1,538 | 1,077 | 2,010 | — | 5.9% | High |
| Apr 2026 | USD 1,485 | 957 | 2,000 | -3.5% | 6.0% | High |
| May 2026 | USD 1,438 | 883 | 1,953 | -3.2% | 6.2% | High |
| Jun 2026 | USD 1,467 | 957 | 1,940 | +2.0% | 6.4% | High |
| Jul 2026 | USD 1,444 | 875 | 1,899 | -0.6% | 5.8% | High |
* Yields are estimates based on asking prices, not promised returns. See methodology. The series starts in March 2026; cumulative change is measured from that start.
Source: Índice INGAR — our own market survey (asking prices).
How much does land cost per square meter in Prado, Montevideo?
Land in Prado costs a median of USD 493 per m² in July 2026, +0.8% versus the previous month.
In July 2026, Prado ranks #17 of 17 published neighborhoods by price per m² in land (#1 = most expensive). The median asking price is USD 580,000 for a typical surface of 1,096 m². Versus the previous month the price per m² moved +0.8%; since the series began (March 2026) it accumulates -12.0%. Supply in the neighborhood is low relative to the rest of the city, with 4.1 months of inventory at the current sales pace. Estimated capital appreciation for the area is +3.5% per year; unlike the other figures in this section, this one is calculated from official INE and DGI series, not from our own survey. Figures reflect asking prices from the Índice INGAR, not closed transactions.
Land — July 2026
- Median USD/m² (USD/m²)
- USD 493
- P25–P75 (USD/m²)
- 456 – 632
- Median price (USD)
- USD 580,000
- Median surface
- 1,096 m²
- MoM change
- +0.8%
- Change since series start
- -12.0%
- Months of supply
- 4.1
- Absorption rate
- 24.6%
- Estimated capital appreciation (INE + DGI)
- +3.5%
- Supply
- Low
Monthly series — Land
| Month | Median USD/m² | P25 | P75 | MoM change | Estimated gross yield* | Supply |
|---|---|---|---|---|---|---|
| Mar 2026 | USD 560 | 477 | 703 | — | — | Low |
| Apr 2026 | USD 494 | 429 | 600 | -11.8% | — | Low |
| May 2026 | USD 477 | 456 | 577 | -3.4% | — | Low |
| Jun 2026 | USD 485 | 456 | 568 | +1.7% | — | Low |
| Jul 2026 | USD 493 | 456 | 632 | +0.8% | — | Low |
* Yields are estimates based on asking prices, not promised returns. See methodology. The series starts in March 2026; cumulative change is measured from that start.
Source: Índice INGAR — our own market survey (asking prices).
How much is rent in Prado, Montevideo?
The average rent in Prado was UYU 25,982 (USD 649) in May 2026, based on real contracts registered with the DGI (Uruguay's tax agency) and published by the INE (national statistics institute).
Year over year it moved +12.3% in pesos (+17.0% in dollars). The average comes from 438 new contracts registered over the last 12 months (rolling annual average). The figure corresponds to the INE area “Prado, Nueva Savona”, which includes this neighborhood. INE publishes with a lag of about three months; the figure is an average per contract, with no breakdown by property type or size.
Monthly series — Official rent (INE)
| Month | Rent (UYU) | Rent (USD) | Contracts (12 mo) |
|---|---|---|---|
| May 2025 | $ 23,139 | USD 555 | 280 |
| Jun 2025 | $ 23,216 | USD 568 | 276 |
| Jul 2025 | $ 23,283 | USD 579 | 280 |
| Aug 2025 | $ 23,126 | USD 578 | 273 |
| Sep 2025 | $ 25,654 | USD 642 | 444 |
| Oct 2025 | $ 25,624 | USD 642 | 440 |
| Nov 2025 | $ 25,197 | USD 634 | 455 |
| Dec 2025 | $ 25,407 | USD 649 | 465 |
| Jan 2026 | $ 25,777 | USD 671 | 454 |
| Feb 2026 | $ 25,368 | USD 658 | 434 |
| Mar 2026 | $ 25,384 | USD 631 | 428 |
| Apr 2026 | $ 25,316 | USD 633 | 426 |
| May 2026 | $ 25,982 | USD 649 | 438 |
Source: INE (Real Estate Activity Index — Rentals, based on contracts registered with the DGI). USD conversion: Ingar, using the BCU exchange rate.
Comparable neighborhoods
- See the full INGAR Index
- Methodology (v1.3)
- Map: where Montevideo builds (permits 1997–2026)
- Download data (CSV) · JSON
- Official INE rent by neighborhood (CSV)
- Building permits by neighborhood since 1997 (CSV)
Prices, rents and yields: Índice INGAR, our own market survey (asking prices). Among those metrics, estimated capital appreciation is the only one built from official INE and DGI series.
Free to use with mandatory attribution: Source: Índice INGAR — ingar.com.uy/indice