Palermo, Montevideo: properties, prices and neighborhood guide
Palermo lies between Barrio Sur and Parque Rodó. Rambla República Argentina marks the waterfront; Isla de Flores and Cuareim cross the inland sector associated with Afro-Uruguayan culture and candombe.
On the Rambla, inspect coastal exposure, façade and windows. On Isla de Flores and Cuareim, check cultural activity and traffic at the relevant time. Inland, neighboring building height determines daylight and privacy.
Available apartments in Palermo
There are no published apartments for this operation at the moment.
What living in Palermo is like
The Rambla provides an open waterfront route. Inland, orientation and neighboring building height determine daylight and privacy.
Cultural activity is part of the neighborhood's identity but does not occur outside every home. Visit Isla de Flores and Cuareim at relevant days and times to check sound and movement at the address.
Which part of Palermo is right for you?
Rambla República Argentina
Views depend on floor, orientation and intervening buildings.
Inspect façades, balconies, windows and seals.
Isla de Flores and inland Palermo
Street width, activity and building condition change quickly.
In older buildings, shared systems and planned work can outweigh a small price difference.
Barrio Sur, Cordón and Parque Rodó edges
These are separate territorial categories even though streets connect them.
Compare a Rambla frontage with other Palermo coastal frontages; Cuareim and Isla de Flores belong to an inland sector with different traffic exposure.
Published apartment prices in Palermo
July 2026
- Published price per m²
- USD 3,155
- Published total price
- USD 153,550
- Published rent
- USD 734
- Estimated gross yield
- 5.3%
These are medians of published listings, not closing prices. Rent is monthly and yield is a gross estimate, not a guaranteed return.
Before buying or renting in Palermo
Confirm the location
Keep Palermo separate from Barrio Sur, Cordón and Parque Rodó before using inventory or Index data.
Visit at different times
Record which rooms receive direct daylight and return at rush hour to test traffic noise with the windows open and closed.
Review the building and condominium
For a used property, request meeting minutes, reserve-fund information, common expenses and records on lifts, façades and shared systems.
Compare like with like
Match property type, size, condition, orientation, parking and the specific block. A broad area label does not make two homes equivalent.
Frequently asked questions about Palermo
In July 2026, the median among published apartments analyzed by the INGAR Index is USD 153,550 and USD 3,155 per m². These are asking prices, not closing prices or an appraisal of one unit. View data and methodology
In July 2026, the median rent among published apartments analyzed by the INGAR Index is USD 734 per month. The figure comes from listings and excludes common expenses. View data and methodology
No. They share cultural ties and a nearby boundary but are classified separately by address.
Orientation, windows, façade, balconies, sound and whether the advertised view exists from the unit.
A brief history
Municipio B links the name to Palermo in Italy and records the local name in use by 1865.
The municipal source highlights immigration and the Afro-Uruguayan population's central role in Palermo's candombe culture.