Rentals in Buenos Aires rose nearly 10% in three months

Rental prices in Buenos Aires rose 9.6% in the first quarter of 2026, according to Zonaprop data. A studio apartment averages $704,704 monthly, with a 34.7% year-over-year increase. Puerto Madero remains the most expensive neighborhood.

According to Zonaprop's survey, rental listing prices in Buenos Aires rose 9.6% in the first quarter of 2026, including 3% in March alone. This reinforces an ongoing upward trend in the leasing market.

A studio apartment rents for an average of $704,704 per month, a two-bedroom for $814,659, and a three-bedroom for $1,094,451. Puerto Madero tops the list at $1,358,875 monthly, followed by Núñez ($915,379) and Palermo ($911,708), which account for 20% of supply. Lugano provides the lowest averages at $661,925, along with Floresta and Liniers.

Armando Pepe dismissed concerns over reduced supply: “No baja la oferta, es producto de que se van alquilando”.

In sales, the average square meter stands at US$2,459, up 0.2% in March. February saw 3,567 deeds, down 17% from 2025, with only 17% involving mortgages. Construction costs in dollars increased 3.7% in March.

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Following initial signs of slowdown in late 2025, Buenos Aires' real estate market has stalled in early 2026 with four consecutive months of declining mortgages, developer Miguel Chej Muse said. Prices present buying opportunities amid tight credit, while rentals remain active.

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Despite rent caps, advertised rents in 14 German cities have risen an average of 43 percent over the past ten years. Berlin saw the highest increase at 69 percent. This comes from the federal government's response to a query by Left Party MP Caren Lay.

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Argentina's Northeast (NEA) recorded 4.1% inflation in March, the highest in the country per INDEC data, exceeding the national 3.4%. The region has accumulated 11.5% this year, driven by food, services, and utilities. This widens the regional gap with areas like Patagonia at just 2.5%.

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