Uruguay House Prices, Rents & Rental Yields (2026)
How much property costs in Uruguay, what it rents for and how that compares with neighbouring markets in Latin America and the Caribbean. City-centre prices per m² rank 2 of 10 in this comparison; gross yields rank 7 of 10.
- Apartment price per m² (city centre)
- $2,409
- 2023
- Apartment price per m² (outside centre)
- $1,938
- 2021
- Gross rental yield (city centre)
- 4.7%
- 2024
- Price-to-income ratio
- 10.3
- 2024
- Rent: 1-bedroom, city centre
- $583/mo
- 2024
- Mortgage interest rate (20-year fixed)
- 6.7%
- 2023
Price and rent trends in Uruguay
Latest property market indicators
| Indicator | Value | Year | Change | Source |
|---|---|---|---|---|
| Apartment price per m² (city centre)Average asking price per square metre to buy an apartment in city centres | $2,409 | 2023 | -16.3% vs 2021 | Numbeo |
| Apartment price per m² (outside centre)Average price per square metre to buy an apartment outside city centres | $1,938 | 2021 | -5.9% vs 2020 | Numbeo |
| Price-to-income ratioMedian apartment price divided by median annual disposable family income | 10.3 | 2024 | -24.8% vs 2023 | Numbeo |
| Gross rental yield (city centre)Annual rent as a percentage of purchase price, city-centre apartments | 4.7% | 2024 | +0.6 pp vs 2023 | Numbeo |
| Price-to-rent ratio (city centre)Purchase price divided by annual rent, city-centre apartments | 21.1 | 2024 | -13.5% vs 2023 | Numbeo |
| Rent: 1-bedroom, city centreAverage monthly rent of a one-bedroom apartment in the city centre | $583/mo | 2024 | -4.7% vs 2023 | Numbeo |
| Rent: 1-bedroom, outside centreAverage monthly rent of a one-bedroom apartment outside the centre | $436/mo | 2023 | -15.6% vs 2022 | Numbeo |
| Rent: 3-bedroom, city centreAverage monthly rent of a three-bedroom apartment in the city centre | $1,050/mo | 2023 | +6.8% vs 2022 | Numbeo |
| Rent: 3-bedroom, outside centreAverage monthly rent of a three-bedroom apartment outside the centre | $791/mo | 2023 | -19.4% vs 2022 | Numbeo |
| Mortgage interest rate (20-year fixed)Average yearly mortgage interest rate, 20-year fixed | 6.7% | 2023 | -0.4 pp vs 2020 | Numbeo |
Year-by-year data
| Year | Apartment price per m² (city centre) | Apartment price per m² (outside centre) | Price-to-income ratio | Gross rental yield (city centre) | Price-to-rent ratio (city centre) | Rent: 1-bedroom, city centre | Rent: 1-bedroom, outside centre | Rent: 3-bedroom, city centre | Rent: 3-bedroom, outside centre | Mortgage interest rate (20-year fixed) |
|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | — | — | 10.3 | 4.7% | 21.1 | $583/mo | — | — | — | — |
| 2023 | $2,409 | — | 13.7 | 4.1% | 24.4 | $612/mo | $436/mo | $1,050/mo | $791/mo | 6.7% |
| 2022 | — | — | 20.1 | 3.2% | 31.3 | $607/mo | $517/mo | $984/mo | $981/mo | — |
| 2021 | $2,880 | $1,938 | 17.3 | 3.9% | 25.9 | $483/mo | $413/mo | $901/mo | $853/mo | — |
| 2020 | $2,593 | $2,059 | 16.3 | 4.0% | 25.2 | $426/mo | $347/mo | $728/mo | $628/mo | 7.1% |
| 2019 | $2,482 | $1,995 | 14 | 4.2% | 23.5 | $504/mo | $381/mo | $859/mo | $662/mo | 8.0% |
| 2018 | $2,843 | $2,231 | 18.5 | 5.0% | 20.1 | $537/mo | $420/mo | $936/mo | $751/mo | 8.3% |
| 2017 | $2,627 | $2,112 | 19.7 | 4.5% | 22.4 | $582/mo | $467/mo | $1,079/mo | $912/mo | 8.6% |
Uruguay compared with Latin America and the Caribbean
| Country | Apartment price per m² (city centre) | Gross rental yield (city centre) | Price-to-income ratio | Mortgage interest rate (20-year fixed) |
|---|---|---|---|---|
| Uruguay | $2,409 | 4.7% | 10.3 | 6.7% |
| Argentina | $2,312 | 3.0% | 21.1 | 98.0% |
| Bolivia | $1,120 | 5.7% | 12.8 | 7.7% |
| Brazil | $1,778 | 4.5% | 16.5 | 10.8% |
| Chile | $2,813 | 4.3% | 17.5 | 5.3% |
| Colombia | $1,241 | 4.8% | 18.7 | 14.7% |
| Costa Rica | $1,659 | 7.0% | 9.4 | — |
| Dominican Republic | $1,450 | 7.4% | 15.5 | 14.2% |
| Ecuador | $1,214 | 6.1% | 11.3 | 10.9% |
| Mexico | $1,852 | 7.7% | 10.7 | 11.4% |
Related
Prices, rents, yields and mortgage rates: Numbeo (crowd-sourced, national averages of city data). Values in US dollars.