Gross rental yields in Uruguay: Montevideo and 2 other cities

The average gross rental yield in Uruguay stands at 5.92% (Q3, 2023).

  Last Updated: Aug. 30, 2023
MONTEVIDEO - Apartments COST ($) YIELD (p.a.)
TO BUY MONTHLY RENT
Pocitos  
Studio $116,500 $556 5.73%
1-Bedroom $169,000 $714 5.07%
2-Bedroom $255,000 $847 3.99%
3-Bedroom $340,000 $1,600 5.65%
4+Bedroom $430,000 $2,200 6.14%
Cordón      
Studio $95,900 $450 5.63%
1-Bedroom $124,900 $622 5.98%
2-Bedroom $159,500 $714 5.37%
3-Bedroom $183,000 $900 5.90%
Centro  
Studio $94,631 $450 5.71%
1-Bedroom $127,000 $582 5.50%
2-Bedroom $158,000 $674 5.12%
3-Bedroom $185,000 $741 4.81%
Malvin  
Studio $119,000 $662 6.68%
1-Bedroom $150,400 $688 5.49%
2-Bedroom $210,000 $789 4.51%
3-Bedroom $275,000 $926 4.04%
Punta Carretas  
Studio $125,900 $622 5.93%
1-Bedroom $186,000 $847 5.46%
2-Bedroom $298,000 $1,270 5.11%
3-Bedroom $520,000 $2,400 5.54%
Tres Cruces  
Studio $95,654 $529 6.64%
1-Bedroom $124,200 $635 6.14%
2-Bedroom $158,000 $767 5.83%
La Blanqueada  
1-Bedroom $123,900 $595 5.76%
2-Bedroom $155,900 $714 5.50%
3-Bedroom $165,000 $794 5.77%
Pocitos Nuevo  
Studio $114,000 $556 5.85%
1-Bedroom $163,000 $748 5.51%
2-Bedroom $234,750 $1,072 5.48%
Montevideo avg. Rental Yields 5.53%
MALDONADO - Apartments COST ($) YIELD (p.a.)
TO BUY MONTHLY RENT
Maldonado (all locations)  
2-Bedroom $120,000 $635 6.35%
3-Bedroom $185,000 $965 6.26%
Maldonado avg. Rental Yields 6.30%
All yields are gross - i.e., before taxes, repair costs, ground rents, estate agents fees, and any other costs. Net yields (what you´ll really earn) are typically around 1.5% to 2% lower.
Source: Global Property Guide and Mercado Libre
Uruguay´s Historic Rental Yield Data

Research Methodology: To conduct this research, we searched for studio, 1-bedroom, 2-bedroom, 3-bedroom, and 4-bedroom apartments in Uruguay. We used the local real estate listing website for both buying and renting prices to determine the average gross rental yields (Monthly Rent x 12 / Purchase Price).

For instance, if the monthly rent is $500 and the purchase price is $100,000, the calculation would be: $500 (Monthly Rent) x 12 / $100,000 (Purchase Price) = 6% (Gross Rental Yield).