Housing market · September 2026

Arequipa housing market

What it costs to buy and rent in Arequipa, Peru, computed from 573 continuously monitored listings.

TuLugar Price Index

$1,463/m²

Price per m² (sale)

2-bedroom apartment

$141,044

Median apartment rent

$622/mes

Monitored listings

573

Price history in Arequipa

Apartment price per m² and whole-inventory median sale price, in USD. Apartments only, so the series always compares the same kind of property month to month. Where a neighborhood has no apartments for sale the $/m² column is left empty; the median sale price beside it still carries the month. A published month is only recomputed for a stated reason, and that month’s report says so. · Download CSV

Series since August 2026. The first monthly variation is published with the following month's close.

MonthPrice per m²MoMQoQYoYMedian sale
August 2026$1,463———$300,000

By property type

TypeListingsMedian sale$/m²*
ApartmentsView →
10825%$188K$1,463
HousesView →
10424%$502K$1,538
LandView →
17240%$317K$618
CommercialView →
4911%$840K$1,244

*Apartment and house m² is built area; land m² is the plot. A house enters its $/m² only when the source reports built area. This page’s headline uses apartments only.

By bedroom count — Apartments

ApartmentslistingsMedian$/m²
Studiono data——
1 bedroom2——
2 bedrooms11$141K$1,332
3 bedrooms65$215K$1,529
4 bedrooms8$334K$1,781
5+ bedrooms2——

By bedroom count — Houses

HouseslistingsMedian$/m²
Studio5$485K$1,777
1 bedroom2——
2 bedrooms2——
3 bedrooms8$347K$1,825
4 bedrooms11$432K$1,746
5+ bedrooms41$665K$1,569

By lot size — Land

Price per m² varies dramatically between urban lots and rural plots. We show each category separately so the median represents something concrete.

By lot size — LandlistingsMedian$/m²
Urban lot< 500 m²76$89K—
Residential plot500 – 2,000 m²37$557K$891
Suburban estate2,000 – 10,000 m²21$3M$883
Rural / farm> 1 ha4——

Price distribution

How many listings fall in each price range (USD).

Price distribution — sale

<$50K
46
$50K-$100K
29
$100K-$200K
77
$200K-$500K
127
$500K-$1M
68
>$1M
74

Price distribution — rent

<$300
8
$300-$600
39
$600-$1K
27
$1K-$2K
24
$2K-$5K
29
>$5K
13

Frequently Asked Questions about Arequipa

In Arequipa, the median asking price of an apartment for sale is $188K. By type: apartments $188K, houses $502K, land $317K. The neighborhood with the most supply is , where the median apartment costs —. The median apartment price per square meter is $1.463/m² — useful for comparing real value across neighborhoods and with other cities in the region.
Explore the neighborhoods section above to compare prices and availability across different areas of Arequipa.
It depends on how long you plan to stay. With a median apartment price of $188K and a median apartment rent of $622/mo, the price-to-rent ratio in Arequipa favors buying if you're staying 3+ years. There are currently 433 properties for sale and 140 for rent — solid supply that gives buyers negotiating leverage. If you're new to the city, renting first lets you explore neighborhoods before committing to a purchase.
The Arequipa market has 573 monitored properties, with a median apartment price of $188K and a median apartment price per m² of $1.463/m². With 433 properties for sale, the current supply is high — which is good for buyers: more options to choose from and more room to negotiate on price and payment terms. If you're looking for investment value, compare price per m² across neighborhoods to spot the best opportunities.
Yes, with no restrictions whatsoever. Foreigners in Peru have the exact same rights as citizens to purchase any type of property, including land. You don't need residency or a special visa. The purchase is formalized through a public notary, who verifies the title, drafts the contract, and registers it with the Public Registry. Closing costs are around 3-4% of the property value (notary fees, transfer tax, and registration fees). Many foreign investors also apply for temporary residency, which is relatively easy to obtain in Peru.

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Methodology

This page analyzes 573 listings in Arequipa, Peru.

Metrics are calculated from the active inventory TuLugar monitors across the market — both listings published on TuLugar and active agency supply tracked continuously. They are asking prices, not final transaction or closing prices.

We use medians to reduce the effect of outlier properties; $/m² only includes listings with valid area data. Prices in other currencies are converted to USD using the exchange rate available when the snapshot is refreshed.

Data is recalculated daily and can change when listings are published, updated, or deactivated.

Read the full methodology →

In parentheses: analyzed market listings, not only those published on TuLugar.

Data as of 2026-09-20 · refreshed 2026-09-20 03:00 UTC