Housing market · August 2026

Montevideo housing market

What it costs to buy and rent in Montevideo, Uruguay, computed from 2,050 continuously monitored listings.

TuLugar Price Index

$3,219/m²

Price per m² (sale)

2-bedroom apartment

$171,000

Median rent

$847/mes

Monitored listings

2,050

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: $2,660/m²Atahualpa: $1,610/m²Bañados de Carrasco: $4,562/m²Barrio Sur: $2,923/m²Belvedere: $1,774/m²Brazo Oriental: $2,196/m²Buceo: $4,023/m²Capurro Bella Vista: $2,997/m²Carrasco: $4,593/m²Carrasco Norte: $4,106/m²Castro Castellanos: $2,212/m²Centro: $2,432/m²Cerrito: $2,909/m²Cerro: $900/m²Ciudad Vieja: $2,662/m²Colón Centro y Noroeste: $258/m²Conciliación: $1,022/m²Cordón: $2,959/m²Figurita: $2,522/m²Flor de Maroñas: $1,090/m²Ituzaingó: $963/m²Jacinto Vera: $1,923/m²La Blanqueada: $3,258/m²La Comercial: $3,209/m²Larrañaga: $2,842/m²Las Acacias: $1,480/m²Las Canteras: $1,551/m²La Teja: $970/m²Lezica Melilla: $1,493/m²Malvín: $3,592/m²Malvín Norte: $1,084/m²Maroñas Parque Guaraní: $880/m²Mercado Modelo y Bolívar: $3,410/m²Nuevo París: $874/m²Palermo: $3,269/m²Parque Batlle Villa Dolores: $3,083/m²Parque Rodó: $4,013/m²Paso de la Arena: $561/m²Paso de las Duranas: $2,898/m²Peñarol Lavalleja: $1,000/m²Piedras Blancas: $1,211/m²Pocitos: $3,735/m²Prado Nueva Savona: $3,319/m²Punta Carretas: $4,079/m²Punta Gorda: $5,065/m²Reducto: $2,125/m²Tres Cruces: $2,875/m²Unión: $2,982/m²Villa Española: $1,214/m²Villa Muñoz Retiro: $2,385/m²Montevideo: apartment price per m²Median sale (USD) by region · August 2026 · tulugar.com$258–$5,065/m²Cordón$2,959/m²Punta Carretas$4,079/m²Unión$2,982/m²Bañados de Carrasco$4,562/m²Belvedere$1,774/m²La Teja$970/m²Lezica Melilla$1,493/m²Colón Centro y Noroeste$258/m²Conciliación$1,022/m²
$258$5,065

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

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Price history in Montevideo

Apartment price per m² and whole-inventory median sale price, in USD. Apartments only: a house’s m² includes the land, so mixing them would not give a figure comparable 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. Published months are never restated. · Download CSV

Price per m² change — July 2026
Monthly
Quarterly
Annual
MonthPrice per m²MoMQoQYoYMedian sale
July 2026$3,233$161,765

Neighborhoods

#City / NeighborhoodListingsMedian sale$/m²MoMYoYMedian rent
1245$139K$2,786$722
2198$220K$3,505$747
3135$148K$1,609$747
4131$314K$3,970$1,744
5121$132K$2,078$872
6110$190K$3,590$810
786$141K$2,728$747
884$205K$3,190$796
974$194K$2,662$722
1059$139K$2,405$897

By property type

TypeListingsMedian sale$/m²*
ApartmentsView
1,090$155K$3,222
HousesView
304$217K$1,563
74$387K$657
CommercialView
185$127K$1,210

*An apartment’s m² is built interior area. For houses and land it includes the ground, so the two figures are not comparable to each other — this page’s headline uses apartments only.

By bedroom count — Apartments

ApartmentslistingsMedian$/m²
Studio58$111K$3,309
1 bedroom123$139K$3,450
2 bedrooms92$171K$2,692
3 bedrooms46$245K$2,513
4 bedrooms11$280K$3,222
5+ bedrooms3

By bedroom count — Houses

HouseslistingsMedian$/m²
Studio3
1 bedroom1
2 bedrooms13$95K$1,356
3 bedrooms26$199K$1,510
4 bedrooms10$185K$1,432
5+ bedrooms19$305K$1,463

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 m²31$349K$1,137
Residential plot500 – 2,000 m²17$510K$783
Suburban estate2,000 – 10,000 m²14$435K
Rural / farm> 1 ha12$595K

Price distribution

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

Price distribution — sale

<$50K
59
$50K-$100K
191
$100K-$200K
832
$200K-$500K
423
$500K-$1M
105
>$1M
43

Price distribution — rent

<$300
8
$300-$600
84
$600-$1K
145
$1K-$2K
77
$2K-$5K
70
>$5K
13

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

The median asking price for a property in Montevideo is $171K. By type: apartments $170K, houses $260K, land $540K. The most expensive neighborhood is Pocitos at $219K on average. The price per square meter is $3.068/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 Pocitos, Cordón, Bañados de Carrasco, Buceo, Punta Carretas. Pocitos leads with 12 properties and a median price of $219K. 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 purchase price of $171K and rents starting at $2.500/mo, the price-to-rent ratio in Montevideo favors buying if you're staying 3+ years. There are currently 61 properties for sale and 13 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 74 active properties across 22 neighborhoods, with a median price of $171K and a cost per m² of $3.068/m². With 61 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.

What is your property in Montevideo worth?

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Methodology

This page analyzes 2,050 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 2026-08-15 · refreshed 2026-08-15 03:00 UTC