Housing Study Sheds Light On Buenos Aires Average Rents

Precio Alquiler en Barrios Buenos Aires

Buenos Aires average rents are lowest in Flores while Palermo has the highest prices. (Click to enlarge)

The City of Buenos Aires’ Ministry of Housing just released a report which sheds some light on average monthly rental rates for larger units throughout Capital Federal.

While most market studies focus on one-room apartments or monoambientes, the new GCBA report focuses on supply, demand and average prices for two and three-room apartments in Buenos Aires.

According to Minuto Uno, the average rental rate for a 3-room apartment in barrios like Barracas, La Boca, Pompeya and Parque Patricios is $3,439 pesos (US$575 at the official rate).

The most affordable 3-room rentals can be found in Flores ($3,214 pesos or US$538), the most expensive are in Palermo ($6,082 pesos or US$1,018) and somewhere in the middle are neighborhoods like Caballito ($3,596 pesos or US$602) and Almagro ($3,795 pesos or US$635).

The report also looks at average rental rates for a typical two-room apartment in Buenos Aires with approximately 50 square meters or 538 square feet. Once again, the cheapest departamentos con dos ambientes were found in Flores ($2,778 pesos or US$465), the most expensive are in Palermo ($4,118 pesos or US$689) with barrios like Caballito ($3,072 or US$514) and Almagro ($3,235 or US$541) somewhere in the middle.

49% of all apartments available for rent in Buenos Aires have two-room floor plans, and 83% of current inventory are existing properties. The BA barrios with the largest slices of the apartments-for-rent-pie are Palermo (15%), Recoleta (10%), Belgrano (7%), Caballito (7%), Almagro (7%) and Villa Urquiza (6%). (Full Story in Spanish)

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