Real estate market in Montevideo

Uruguay · Data as of July 21, 2026

Median residential $/m²
$2,954/m²

The median residential price in Montevideo is $2,954 per m², with 1,973 monitored listings and a median sale price of $161K. A typical 2-bedroom apartment costs around $172K.

Monitored listings
1,973
Median sale price
$161K
Median rent
$895

Neighborhoods

#City / NeighborhoodListingsMedian sale$/m²MoMYoYMedian rent
1339$145K$2,343$746
2312$217K$3,481$945
3103$329K$4,180$1,775
472$440K$3,913$1,900
546$112K$1,750$584
615$125K$2,393$796

By property type

TypeListingsMedian sale$/m²
ApartmentsView
1,077$156K$3,232
HousesView
286$219K$1,615
48$398K$764
CommercialView
178$117K$1,213

By bedroom count — Apartments

ApartmentslistingsMedian$/m²
Studio57$111K$3,294
1 bedroom117$140K$3,414
2 bedrooms90$172K$2,767
3 bedrooms46$238K$2,408
4 bedrooms11$280K$3,011
5+ bedrooms3

By bedroom count — Houses

HouseslistingsMedian$/m²
Studio3
1 bedroom1
2 bedrooms15$95K$1,571
3 bedrooms28$192K$1,404
4 bedrooms10$185K$1,261
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 m²24$350K$1,012
Residential plot500 – 2.000 m²13$490K$783
Suburban estate2.000 – 10.000 m²9$550K
Rural / farm> 1 ha2

Price distribution — sale

<$50K
51
$50K-$100K
187
$100K-$200K
804
$200K-$500K
414
$500K-$1M
98
>$1M
35

Price distribution — rent

<$300
8
$300-$600
82
$600-$1K
131
$1K-$2K
81
$2K-$5K
70
>$5K
12

Properties for Sale in Montevideo

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Properties for Rent in Montevideo

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Frequently Asked Questions about Montevideo

The median asking price for a property in Montevideo is $172K. By type: apartments $171K, houses $263K, land $540K. The most expensive neighborhood is Pocitos at $202K on average. The price per square meter is $3.073/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, Centro, Punta Carretas, Carrasco, Ciudad Vieja. Pocitos leads with 15 properties and a median price of $202K. 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 $172K 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 54 properties for sale and 11 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 65 active properties across 6 neighborhoods, with a median price of $172K and a cost per m² of $3.073/m². With 54 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.

Methodology

This page analyzes 1,973 monitored 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 →

Data as of 2026-07-21 · refreshed 2026-07-21 21:02 UTC