We analyzed 32792 short-term rental properties across 6 countries and 233 cities in South America, with a median rate of $89/night and an occupancy rate of 60%, generating an estimated revenue of $1,347/month.

Countries to Invest

Sorted by estimated profitability.

#	Country	Cities	Listings	Median/Night	Occupancy	Est. Revenue/Mo	Gross yield
1	Argentina(Buenos Aires)	32	7,969	$77	65%	$1,408 med. $1,194/mo	13.7%
2	Brazil	16	9,309	$89	58%	$1,526 med. $1,231/mo	13.6%
3	Colombia	89	4,879	$95	58%	$1,526 med. $1,202/mo	10.8%
4	Paraguay	67	4,500	$84	42%	$792 med. $598/mo	10.1%
5	Uruguay	5	2,623	$151	39%	$1,373 med. $948/mo	9.2%
6	Chile	24	3,512	$64	66%	$1,176 med. $1,101/mo	8.3%

Gross annual yield = a year of Airbnb revenue over the median apartment sale price. Gross: before cleaning, platform fees, management, furnishing and tax. Sorting by monthly income answers “how much does it bill”; sorting by yield answers “is it worth buying”, which is not the same question.

Argentina(Buenos Aires)

32 cities · 7,969 listings

Median/Night

$77

Occupancy

65%

Est. Revenue/Mo

$1,408

med. $1,194/mo

Brazil

16 cities · 9,309 listings

Median/Night

$89

Occupancy

58%

Est. Revenue/Mo

$1,526

med. $1,231/mo

Colombia

89 cities · 4,879 listings

Median/Night

$95

Occupancy

58%

Est. Revenue/Mo

$1,526

med. $1,202/mo

Paraguay

67 cities · 4,500 listings

Median/Night

$84

Occupancy

42%

Est. Revenue/Mo

$792

med. $598/mo

Uruguay

5 cities · 2,623 listings

Median/Night

$151

Occupancy

39%

Est. Revenue/Mo

$1,373

med. $948/mo

Chile

24 cities · 3,512 listings

Median/Night

$64

Occupancy

66%

Est. Revenue/Mo

$1,176

med. $1,101/mo

Best Cities for Short-Term Rentals

Cities with the most properties in South America

Buenos Aires

Argentina

São Paulo

Brazil

Rio de Janeiro

Brazil

Medellín

Colombia

Asunción

Paraguay

Santiago

Chile

Montevideo

Uruguay

Punta del Este

Uruguay

Florianópolis

Brazil

Cartagena

Colombia

Salvador

Brazil

Bogotá

Colombia

Buenos Aires vs Asunción — Comparison

Comparison of the two largest cities

Metric	Buenos Aires	Asunción
Listings	6,615	2,358
Median Price/Night	$63	$56
Occupancy	74%	56%
Est. Revenue/Mo	$1,473 med. $1,245/mo	$956 med. $853/mo

Buenos Aires

Listings

6,615

Median Price/Night

$63

Occupancy

74%

Est. Revenue/Mo

$1,473

med. $1,245/mo

Asunción

Listings

2,358

Median Price/Night

$56

Occupancy

56%

Est. Revenue/Mo

$956

med. $853/mo

Real Estate Projects in Paraguay

Projects with available units for investment in Paraguay

By developer

Project ·Aregua Forest - Country Residences

Contact for pricing

439 available · 559 units

By developer

Project ·Palmanova Las Lomas

From $109,952

208 available · 233 units

By developer

Project ·Palmanova Center

From $131,502

203 available · 239 units

By developer

Project ·Aether by Civis

From $92,890

25 available · 237 units

By developer

Project ·Eminent Torre I

Contact for pricing

23 available · 23 units

By developer

Project ·Eminent Torre II

Contact for pricing

18 available · 18 units

By developer

Project ·First Element

From $98,663

17 available · 412 units

By developer

Project ·Civis XI

From $76,890

12 available · 196 units

Properties for Sale in Brazil

Properties available for purchase in Brazil

Sale · Land

...

Canto Grande, Bombinhas

320m²

View all properties

Properties for Sale in Argentina

Properties available for purchase in Argentina

Sale · Land

...

Los Pocitos

351383m²

Sale · Land

...

Itá Enramada, Nanawa

1200m²

View all properties

Properties for Sale in Colombia

Properties available for purchase in Colombia

Sale · House

...

Puerto Colombia

43120m²

Sale · Commercial

...

Centro, Cartagena

263m²

View all properties

Properties for Sale in Paraguay

Properties available for purchase in Paraguay

Sale · House

...

Tres Bocas, Fernando de la Mora

55439m²

Sale · Apartment

...

Recoleta, Asunción

2273m²

Sale · Apartment

...

Recoleta, Asunción

1148m²

Sale · House

...

San Miguel, San Bernardino

946m²

Sale · House

...

2286m²

View all properties

Properties for Sale in Chile

Properties available for purchase in Chile

Sale · Land

...

Sale · Apartment

...

Rent · Apartment

... /mes

Rent · Commercial

... /mes

Ciudad Vieja, Montevideo

166m²

View all properties

Ready to Invest in South America?

Brazil

~$1,231/mes est.

View on Map

Argentina

~$1,194/mes est.

View on Map

Colombia

~$1,202/mes est.

View on Map

Paraguay

~$598/mes est.

View on Map

Chile

~$1,101/mes est.

View on Map

Uruguay

~$948/mes est.

View on Map

Agencies Developers Relocation Guide

Frequently Asked Questions About Investing in South America

The most attractive markets for Airbnb investment in the region are: Brazil, Argentina, Colombia, Paraguay, Chile. Paraguay stands out for having no restrictive regulations and low operating costs, while Argentina offers the largest market with high tourist demand. The average nightly rate across the region is $89. We analyze 32,792 properties across 233 cities to help you compare.

Short-Term Rental Investment Guide

South America is one of the world's most dynamic regions for short-term rental investment. With 32,792 active properties across 233 cities, the region offers opportunities for investors of all profiles — from apartments in capital cities to properties in emerging tourist destinations.

Brazil

Brazil has 9,309 short-term rental properties across 16 cities. The median rate is $71/night with 63% occupancy, generating estimated revenue of $1231/month.

Top cities: São Paulo (4665), Rio de Janeiro (2756), Florianópolis (609), Salvador (471), Armação dos Búzios (436)

Argentina

Argentina has 7,969 short-term rental properties across 32 cities. The median rate is $63/night with 71% occupancy, generating estimated revenue of $1194/month.

Top cities: Buenos Aires (6615), Mendoza (332), Córdoba (296), San Carlos de Bariloche (215), San Nicolás de los Arroyos (73)

Colombia

Colombia has 4,879 short-term rental properties across 89 cities. The median rate is $72/night with 62% occupancy, generating estimated revenue of $1202/month.

Top cities: Medellín (2393), Cartagena (567), Bogotá (441), Localidad Usaquén (423), Localidad Chapinero (195)

Paraguay

Paraguay has 4,500 short-term rental properties across 67 cities. The median rate is $60/night with 36% occupancy, generating estimated revenue of $598/month.

Top cities: Asunción (2358), San Bernardino (295), Ciudad del Este (268), Luque (237), Encarnación (230)

Chile

Chile has 3,512 short-term rental properties across 24 cities. The median rate is $55/night with 76% occupancy, generating estimated revenue of $1101/month.

Top cities: Santiago (2269), Valparaíso (281), Ñuñoa (280), Viña del Mar (202), Providencia (95)

Uruguay

Uruguay has 2,623 short-term rental properties across 5 cities. The median rate is $104/night with 31% occupancy, generating estimated revenue of $948/month.

Top cities: Montevideo (1307), Punta del Este (1185), Maldonado (111), Ciudad de la Costa (19), Paso Carrasco (1)

How to Start Investing

Research the market: Compare cities and their profitability metrics on this page.
Define your budget: Explore properties for sale and available real estate projects.
Contact professionals: Connect with local agencies and developers for guidance.
Analyze profitability: Use our occupancy and revenue data to project your return on investment.

All Cities with Short-Term Rental Data

Explore the market in every city across South America

Brazil

9 cities · 9,410 listings

São Paulo (4665)Rio de Janeiro (2756)Florianópolis (609)Salvador (471)Armação dos Búzios (436)Foz do Iguaçu (256)Brasília (127)Niterói (46)Cabo Frio (44)

Argentina

8 cities · 7,616 listings

Buenos Aires (6615)Mendoza (332)Córdoba (296)San Carlos de Bariloche (215)San Nicolás de los Arroyos (73)Posadas (64)Villa Los Coihues (11)Puerto Iguazú (10)

Colombia

26 cities · 4,735 listings

Paraguay

32 cities · 4,404 listings

Chile

17 cities · 3,500 listings

Santiago (2269)Valparaíso (281)Ñuñoa (280)Viña del Mar (202)Providencia (95)Estación Central (77)Independencia (75)San Miguel (45)Recoleta (39)Concón (22)La Florida (21)Quinta Normal (21)Macul (19)San Joaquín (19)La Cisterna (14)Casablanca (11)Peñalolén (10)

Uruguay

4 cities · 2,622 listings

Montevideo (1307)Punta del Este (1185)Maldonado (111)Ciudad de la Costa (19)

Methodology

The data in this analysis comes from public Airbnb listings across South America. Prices are calculated from published rates, occupancy is estimated through calendar availability analysis, and revenue is projected using the formula: median rate x occupancy x 30 days. Data is updated daily and represents a sample of 32792 active properties across 6 countries and 233 cities. Airbnb is a registered trademark of Airbnb, Inc. TuLugar is not affiliated with or endorsed by Airbnb.