Gross rental yields in Uruguay: Montevideo and Maldonado
The average gross rental yield in Uruguay stands at 6.47% (Q2, 2026). Previously, in Q4 2025, the average rental yield was 5.03%.
Note: Previous research included only the city of Montevideo due to a lack of available rental units in other cities.
Cities compared
- Montevideo
- Maldonado
Historical rental yields in Uruguay
| MONTEVIDEO - Apartments | COST ($) | YIELD (p.a.) | |
| TO BUY | MONTHLY RENT | ||
| Pocitos | |||
| Studio | $132,300 | $550 | 4.99% |
| 1-Bedroom | $196,000 | $700 | 4.29% |
| 2-Bedroom | $304,000 | $1,050 | 4.14% |
| 3-Bedroom | $339,000 | $1,700 | 6.02% |
| 4+Bedroom | $460,000 | $2,000 | 5.22% |
| Cordón | |||
| Studio | $106,000 | $550 | 6.23% |
| 1-Bedroom | $138,800 | $670 | 5.79% |
| 2-Bedroom | $179,000 | $820 | 5.50% |
| 3-Bedroom | $185,000 | $910 | 5.90% |
| Centro | |||
| Studio | $115,000 | $490 | 5.11% |
| 1-Bedroom | $140,700 | $670 | 5.71% |
| 2-Bedroom | $169,900 | $800 | 5.65% |
| 3-Bedroom | $185,000 | $790 | 5.12% |
| 4+Bedroom | $260,000 | $1,370 | 6.32% |
| Malvin | |||
| Studio | $121,000 | $600 | 5.95% |
| 1-Bedroom | $154,200 | $690 | 5.37% |
| 2-Bedroom | $250,000 | $910 | 4.37% |
| 3-Bedroom | $350,000 | $1,380 | 4.73% |
| Punta Carretas | |||
| Studio | $129,500 | $620 | 5.75% |
| 1-Bedroom | $193,000 | $790 | 4.91% |
| 2-Bedroom | $335,700 | $1,240 | 4.43% |
| 3-Bedroom | $460,000 | $1,500 | 3.91% |
| Tres Cruces | |||
| Studio | $106,000 | $510 | 5.77% |
| 1-Bedroom | $142,000 | $730 | 6.17% |
| 2-Bedroom | $180,100 | $820 | 5.46% |
| La Blanqueada | |||
| 1-Bedroom | $107,900 | $560 | 6.23% |
| 2-Bedroom | $135,900 | $690 | 6.09% |
| 3-Bedroom | $175,000 | $870 | 5.97% |
| Pocitos Nuevo | |||
| Studio | $125,000 | $570 | 5.47% |
| 1-Bedroom | $171,300 | $800 | 5.60% |
| 2-Bedroom | $288,000 | $890 | 3.71% |
| Montevideo (all locations) | |||
| Studio | $116,000 | $560 | 5.79% |
| 1-Bedroom | $150,000 | $670 | 5.36% |
| 2-Bedroom | $192,900 | $850 | 5.29% |
| 3-Bedroom | $310,000 | $1,370 | 5.30% |
| 4+Bedroom | $378,000 | $1,650 | 5.24% |
| Montevideo avg. Rental Yields | 5.40% | ||
| MALDONADO - Apartments | COST ($) | YIELD (p.a.) | |
| TO BUY | MONTHLY RENT | ||
| Maldonado (all locations) | |||
| Studio | $130,000 | $850 | 7.85% |
| 1-Bedroom | $167,000 | $940 | 6.75% |
| 2-Bedroom | $275,000 | $1,670 | 7.29% |
| 3-Bedroom | $480,000 | $3,280 | 8.20% |
| 4+Bedroom | $865,000 | $5,500 | 7.63% |
| Maldonado avg. Rental Yields | 7.54% | ||
| 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 |
|||
View the full rental yield dataset (2022 - Present)
Research Methodology:
Our rental yield analysis is conducted biannually to ensure up-to-date insights. We assess 1-bedroom, 2-bedroom, and 3-bedroom properties across Montevideo, comparing median rental prices with median purchase prices to determine gross rental yields.
We source data from a leading local property platform, capturing both asking rents and list prices to reflect current market conditions. The gross rental yield is calculated using the following formula:
(Median Monthly Rent × 12) ÷ Median Purchase Price × 100
For example, if the median monthly rent is $500 and the median purchase price is $100,000, the yield is calculated as:
($500 × 12) ÷ $100,000 = 6% Gross Rental Yield
Note: NET yields vary from country to country, but are usually 1.5-2% lower.
