Montevideo June Rent Contracts Put New Lease Average Above Vigentes

Montevideo renters and investors have a clearer lease benchmark after June contract data separated new rents from the stock of existing agreements.

Official Rent Data

Uruguay's statistics institute scheduled the July rental activity report for 9 September, while the June technical report remains the latest published result. Market summaries based on INE data put Montevideo's cleaned average for new June rental contracts near UYU23,814 per month and existing contracts near UYU23,442.

Why The Split Matters

A new lease reflects current asking and negotiation conditions more directly than a contract signed months or years earlier. Pocitos, Cordón, Centro, Cerro and coastal districts carry different rent- to-price relationships, so a city average should be used carefully.

Who Is Affected

Tenants renewing now should compare their proposed rent with new-contract data and nearby listings. Investors need to test gross yield against management, taxes, maintenance and vacancy. Sellers cannot rely on a citywide rent average if the building has weak amenities or poor transport.

Lease Checks

Renters and buyers should verify guarantee terms, contract indexation, building expenses, tax treatment, maintenance condition, transport access, vacancy, neighborhood security and recent comparable rentals. Net yield can be far below a headline gross figure.

Outlook

Montevideo's rental market remains orderly but local. The July INE release will show whether new leases keep moving above the stock of existing contracts.

Search for Properties for Sale and Rent: Uruguay Housing Market.