Housing market · September 2026

Montevideo housing market

What it costs to buy and rent in Montevideo, Uruguay, computed from 36,319 continuously monitored listings.

TuLugar Price Index

$3,307/m²

Price per m² (sale)

2-bedroom apartment

$193,500

Median apartment rent

$748/mes

Monitored listings

36,319

Price by neighborhood in Montevideo

Where Montevideo is expensive and where it is not. Every neighborhood with a usable sample, shaded by its median price per m². Tap one for its market.

Explore the full price mapAguada: $2,558/m²Aires Puros: $2,000/m²Atahualpa: $2,561/m²Bañados de Carrasco: $4,439/m²Barrio Sur: $3,102/m²Belvedere: $1,642/m²Brazo Oriental: $2,425/m²Buceo: $3,669/m²Capurro Bella Vista: $2,887/m²Carrasco: $3,879/m²Carrasco Norte: $4,169/m²Castro Castellanos: $1,525/m²Centro: $2,879/m²Cerrito: $3,216/m²Cerro: $1,057/m²Ciudad Vieja: $2,757/m²Colón Centro y Noroeste: $1,037/m²Conciliación: $1,066/m²Cordón: $3,038/m²Figurita: $2,077/m²Flor de Maroñas: $1,220/m²Ituzaingó: $1,038/m²Jacinto Vera: $2,597/m²La Blanqueada: $3,170/m²La Comercial: $2,797/m²Larrañaga: $3,387/m²Las Acacias: $1,020/m²Las Canteras: $1,821/m²La Teja: $1,386/m²Lezica Melilla: $1,584/m²Malvín: $3,626/m²Malvín Norte: $1,143/m²Maroñas Parque Guaraní: $1,413/m²Mercado Modelo y Bolívar: $3,115/m²Nuevo París: $1,089/m²Palermo: $3,319/m²Parque Batlle Villa Dolores: $3,358/m²Parque Rodó: $4,007/m²Paso de las Duranas: $1,757/m²Peñarol Lavalleja: $1,294/m²Piedras Blancas: $1,333/m²Pocitos: $3,856/m²Prado Nueva Savona: $3,081/m²Punta Carretas: $3,990/m²Punta Gorda: $4,462/m²Punta Rieles Bella Italia: $843/m²Reducto: $2,173/m²Sayago: $1,609/m²Tres Cruces: $2,941/m²Tres Ombúes Pueblo Victoria: $1,341/m²Unión: $3,431/m²Villa Española: $1,385/m²Villa Muñoz Retiro: $2,597/m²Montevideo: apartment price per m²Median sale (USD) by region · September 2026 · tulugar.com$843–$4,462/m²Cordón$3,038/m²Punta Carretas$3,990/m²Unión$3,431/m²Bañados de Carrasco$4,439/m²Cerrito$3,216/m²Colón Centro y Noroeste$1,037/m²Peñarol Lavalleja$1,294/m²Lezica Melilla$1,584/m²
$843$4,462

Median $/m² for apartments for sale. Gray = insufficient sample.

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Market pace

Median age of active listings
141 daysMoves faster than Uruguay

Uruguay median: 210 days

Measures how long ago the listings that are STILL on the market today were published — not how long they take to sell. Shown only where we know the real publication date for most of the inventory.

Price history in Montevideo

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$3,308———$175,940

Neighborhoods

Apartment prices: median sale, $/m² and rent. “Listings” counts the whole inventory.

#City / NeighborhoodListingsApt. sale$/m²MoMYoYApt. rent
12,965$143K$3,038
——$684
22,380$225K$3,856
——$847
31,983$150K$2,757
——$700
41,811$156K$2,879
——$735
51,653$300K$3,990
——$1,162
61,645$181K$3,669
——$872
71,412$150K$2,941
——$723
81,287$205K$3,626
——$785
91,075$145K$3,431
——$710
101,059$433K$3,879
——$2,218

By property type

TypeListingsMedian sale$/m²*
ApartmentsView →
20,34973%$166K$3,308
HousesView →
3,68913%$250K$1,688
1,1064%$430K$715
CommercialView →
2,6059%$265K$1,444

*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
Studio36$113K$3,412
1 bedroom7,414$149K$3,380
2 bedrooms6,413$194K$3,129
3 bedrooms2,442$361K$3,215
4 bedrooms539$490K$3,092
5+ bedrooms115$340K—

By bedroom count — Houses

HouseslistingsMedian$/m²
Studio2——
1 bedroom97$110K$2,167
2 bedrooms787$139K$1,611
3 bedrooms1,209$250K$1,776
4 bedrooms778$399K$1,947
5+ bedrooms737$449K$1,454

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 m²420$363K—
Residential plot500 – 2,000 m²329$559K—
Suburban estate2,000 – 10,000 m²115$450K—
Rural / farm> 1 ha157$638K—

Price distribution

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

Price distribution — sale

<$50K
326
$50K-$100K
2117
$100K-$200K
14098
$200K-$500K
7833
$500K-$1M
2311
>$1M
1050

Price distribution — rent

<$300
222
$300-$600
1513
$600-$1K
3496
$1K-$2K
1517
$2K-$5K
1184
>$5K
606

Properties for Sale in Montevideo

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Properties for Rent in Montevideo

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Active developers

Companies with active projects here.

Frequently Asked Questions about Montevideo

In Montevideo, the median asking price of an apartment for sale is $166K. By type: apartments $166K, houses $250K, land $430K. The neighborhood with the most supply is Cordón, where the median apartment costs $143K. The median apartment price per square meter is $3.307/m² — useful for comparing real value across neighborhoods and with other cities in the region.
The neighborhoods with the most real estate activity in Montevideo are Cordón, Pocitos, Ciudad Vieja, Centro, Punta Carretas. Cordón leads with 2965 properties and a median apartment price of $143K. When choosing a neighborhood, think about commute distance, public transit access, nearby amenities (grocery, healthcare, schools), and your budget. A good quality-of-life indicator is rental availability — neighborhoods with more rentals tend to have better infrastructure and services.
It depends on how long you plan to stay. With a median apartment price of $166K and a median apartment rent of $748/mo, the price-to-rent ratio in Montevideo favors buying if you're staying 3+ years. There are currently 27749 properties for sale and 8570 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 Montevideo market has 36319 monitored properties, with a median apartment price of $166K and a median apartment price per m² of $3.307/m². With 27749 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 Uruguay 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 Uruguay.

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Methodology

This page analyzes 36,319 listings in Montevideo, Uruguay.

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 2026-09-30 · refreshed 2026-09-30 03:00 UTC