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 |
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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).