Montevideo June Rent Average Gives Uruguay Investors A Barrio Yield Benchmark

Uruguay investors have a fresh Montevideo rent benchmark after INE-based June data put new-contract and active-contract averages close together.

Local Trigger

A 24 August market note using official INE rent data reported Montevideo's June 2026 depurated average for new rental contracts at about UYU23,814 per month and active contracts at about UYU23,442, with 2,611 new contracts and more than 106,000 active contracts in the department.

Market Segment

The useful local read is by barrio. Separate July yield work placed Montevideo apartment asking prices around USD2,486 per square metre, with Golf, Puerto Buceo and Villa Biarritz at the high end and Cerro, Colon and Ituzaingo among more accessible segments.

Who Is Affected

Landlords can benchmark whether an advertised rent is supported by official contract data, while tenants can distinguish active-contract averages from new asking prices. Investors need to compare gross yield against taxes, maintenance, vacancy and administration costs.

Buyer Checks

Buyers should verify INE rent evidence, barrio-level asking prices, common expenses, building age, tax costs, vacancy, tenant profile and actual signed leases. A high gross yield in an accessible barrio should be checked for maintenance and liquidity risk.

Outlook

Montevideo offers usable data for disciplined underwriting. The best opportunities will be apartments where official rent evidence, barrio liquidity and building condition support the same yield story.

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