Gross rental yields in Uruguay: Montevideo
The average gross rental yield in Uruguay stands at 5.37% (Q2, 2024). Previously, in Q3, 2023 the average gross rental yield stood at 5.53%.
- Montevideo
| Last Updated: May. 06, 2024 | |||
| MONTEVIDEO - Apartments | COST ($) | YIELD (p.a.) | |
| TO BUY | MONTHLY RENT | ||
| Pocitos | |||
| Studio | $119,000 | $568 | 5.73% |
| 1-Bedroom | $183,600 | $800 | 5.23% |
| 2-Bedroom | $269,000 | $956 | 4.26% |
| 3-Bedroom | $330,000 | $1,300 | 4.73% |
| 4+Bedroom | $398,000 | $2,000 | 6.03% |
| Cordón | |||
| Studio | $109,404 | $465 | 5.10% |
| 1-Bedroom | $129,741 | $646 | 5.97% |
| 2-Bedroom | $164,900 | $736 | 5.36% |
| 3-Bedroom | $185,000 | $904 | 5.86% |
| Centro | |||
| Studio | $115,500 | $465 | 4.83% |
| 1-Bedroom | $132,103 | $620 | 5.63% |
| 2-Bedroom | $162,500 | $697 | 5.15% |
| 3-Bedroom | $207,700 | $982 | 5.67% |
| 4+Bedroom | $240,000 | $1,085 | 5.43% |
| Malvin | |||
| Studio | $119,000 | $633 | 6.38% |
| 1-Bedroom | $152,900 | $697 | 5.47% |
| 2-Bedroom | $218,000 | $982 | 5.41% |
| 3-Bedroom | $291,000 | $1,950 | 8.04% |
| Punta Carretas | |||
| Studio | $124,000 | $594 | 5.75% |
| 1-Bedroom | $183,000 | $878 | 5.76% |
| 2-Bedroom | $320,629 | $1,266 | 4.74% |
| 3-Bedroom | $505,000 | $1,750 | 4.16% |
| Tres Cruces | |||
| Studio | $124,000 | $491 | 4.75% |
| 1-Bedroom | $183,000 | $620 | 4.07% |
| 2-Bedroom | $320,629 | $762 | 2.85% |
| La Blanqueada | |||
| 1-Bedroom | $125,597 | $615 | 5.88% |
| 2-Bedroom | $161,000 | $775 | 5.78% |
| 3-Bedroom | $160,000 | $827 | 6.20% |
| Pocitos Nuevo | |||
| Studio | $117,420 | $594 | 6.07% |
| 1-Bedroom | $161,700 | $697 | 5.17% |
| 2-Bedroom | $257,500 | $956 | 4.46% |
| 3-Bedroom | $320,000 | $1,600 | 6.00% |
| Montevideo avg. Rental Yields | 5.37% | ||
| 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 |
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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).