Gross rental yields in Uruguay: Montevideo and Maldonado

The average gross rental yield in Uruguay stands at 6.54% (Q2, 2024). Previously, in Q3, 2023 the average gross rental yield stood at 5.92%.

  • Montevideo
  • Maldonado
  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 $1,600 6.00%
Montevideo avg. Rental Yields 5.37%
MALDONADO - Apartments COST ($) YIELD (p.a.)
TO BUY MONTHLY RENT
Maldonado (all locations)  
Studio $115,000 $650 6.78%
1-Bedroom $120,000 $740 7.40%
2-Bedroom $135,000 $880 7.82%
3-Bedroom $204,000 $1,500 8.82%
Maldonado avg. Rental Yields 7.71%
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).

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