Cheapest and cheapest rooms in Montevideo for rent apartment: ranking per m² (October 2026)
Machine-assisted English version of the Spanish original by Aptología. All figures are locked to the original (numbers are copied, not re-translated); if in doubt, the Spanish original prevails.
In Montevideo, the neighborhood with the most expensive m² to rent apartment is Punta Carretas (699.1 Uruguayan pesos (USD 17.4) / m² per month) and the cheapest Union (500.0 Uruguayan pesos (USD 12.4) / m² per month), 1.4 times less. We compare 18 neighborhoods with at least 30 ads with area.
Abstract: We analyze 2,512 apartments for rent with declared area in 18 neighborhoods of Montevideo.
Updated: 18 October 2026 (data from 18 October 2026) · Next update: monthly.
Summary
| Indicator | Value |
|---|---|
| More expensive per m² | Punta Carretas: 699.1 Uruguayan pesos (USD 17.4) |
| Cheapest per m² | Union: 500.0 Uruguayan pesos (USD 12.4) |
| Variance | 1.4 times |
| Barrios | 18 |
Quarter ranking by price of m²
| Barrio | per m² (median) | Rental (medium) | Medium area (m²) | Ads with area |
|---|---|---|---|---|
| Punta Carretas | 699.1 Uruguayan pesos (USD 17.4) | 38,000 Uruguayan pesos (USD 945) | 55 | 118 |
| Cats | 650.0 Uruguayan pesos (USD 16.2) | 36,000 Uruguayan pesos (USD 895) | 55 | 340 |
| Malvin | 643.4 Uruguayan pesos (USD 16.0) | 35,000 Uruguayan pesos (USD 871) | 52 | 168 |
| Rodó Park | 631.6 Uruguayan pesos (USD 15.7) | 33,000 Uruguayan pesos (USD 821) | 51 | 75 |
| The White | 625.0 Uruguayan pesos (USD 15.5) | 29,800 Uruguayan pesos (USD 741) | 50 | 233 |
| Larrañaga | 611.7 Uruguayan pesos (USD 15.2) | 28,500 Uruguayan pesos (USD 709) | 48 | 34 |
| Three Cruces | 601.1 Uruguayan pesos (USD 15.0) | 30,750 Uruguayan pesos (USD 765) | 50 | 210 |
| Batlle Park | 600.8 Uruguayan pesos (USD 14.9) | 29,950 Uruguayan pesos (USD 745) | 52 | 98 |
| Diving | 593.3 Uruguayan pesos (USD 14.8) | 30,900 Uruguayan pesos (USD 769) | 50 | 91 |
| Palermo | 593.2 Uruguayan pesos (USD 14.8) | 29,500 Uruguayan pesos (USD 734) | 51 | 75 |
| South Quarter | 589.9 Uruguayan pesos (USD 14.7) | 30,000 Uruguayan pesos (USD 746) | 49 | 70 |
| Cordon | 577.6 Uruguayan pesos (USD 14.4) | 29,800 Uruguayan pesos (USD 741) | 50 | 373 |
| Prado | 568.4 Uruguayan pesos (USD 14.1) | 29,000 Uruguayan pesos (USD 721) | 50 | 54 |
| Jacinto Vera | 555.5 Uruguayan pesos (USD 13.8) | 30,800 Uruguayan pesos (USD 766) | 60 | 36 |
| Centre | 540.0 Uruguayan pesos (USD 13.4) | 29,000 Uruguayan pesos (USD 721) | 54 | 281 |
| Old City | 512.5 Uruguayan pesos (USD 12.7) | 28,000 Uruguayan pesos (USD 696) | 51 | 95 |
| Aguada | 500.0 Uruguayan pesos (USD 12.4) | 26,000 Uruguayan pesos (USD 647) | 52 | 86 |
| Union | 500.0 Uruguayan pesos (USD 12.4) | 25,000 Uruguayan pesos (USD 622) | 50 | 75 |
Medians; only neighborhoods with 30 ads or more with declared area.
Frequently asked questions
What is the most expensive neighborhood in Montevideo to rent? Punta Carretas, with 699.1 Uruguayan pesos (USD 17.4) per m² per month in the medium (October of 2026).
And the cheapest? Union, with 500.0 Uruguayan pesos (USD 12.4) per m² per month.
Methodology
- Source: night events of the Aptology database (aptologia.com) of 18 October 2026: current housing ads in real estate portals of 13 countries, collected by Aptology and seen online between 11 and 18 October 2026. Court: 18 October of 2026.
- Debugging: exact duplicates (same city, area, type, price, currency, area, rooms and bathrooms) and prices outside the percentile 1 - 99 of each country, operation, currency and type are removed; the price per m² uses only ads with declared area between 12 and 2,000 m² and is also cut to P1-P99.
- What is measured: prices ordered (published), not closing prices. For rent, monthly rent without HOA fee, common expenses or condo.
- Minimum sample: each published figure is based on at least 30 ads; cells with less are omitted.
- Coins: never mix different coin ads without converting them. Conversión a dólares con la tasa de mercado de ExchangeRate-API (open.er-api.com, actualización del 18 Oct 2026): 1 USD = 3,182.80 COP, 1 USD = 18.47 M.N, 1 USD = 5.09 BRL, 1 USD = 3.44 PEN, 1 USD = 982.44 CLP, 1 USD = 1,514.57 ARS, 1 USD = 40.20 UYU, 1 USD = 5,705.37 PYG, 1 USD = 61.27 DOP, 1 USD = 0.89 EUR, 1 USD = 11.72 BOB; la UF chilena a 41,178.64 CLP (mindicador,cl. 18-oct-2026). The ads published in dollars are used as they are.
- Coins: In each city and operation only the majority currency of the ads is used (the ads in another currency are excluded) and the median is converted to dollars at the rate mentioned; no different currency ads are ever averaged.
- Limitations: The coverage depends on the portals that travel Aptology in each country and is greater in large cities and in the medium-high and high segments; the area is the one that declares the announcement, unverified; the area names come from the portals.
- Privacy: only aggregates are published; no personal data, link to ads or name of advertiser is published.
- Open data: datos.csv, CC BY license 4. 0.
How to quote
Pinzón Pineda, D. M. (2026). Cheapest and cheapest rooms in Montevideo for rent apartment: ranking per m² (October 2026). Aptology (aptologia.com). https://github.com/elbroker/aptologia-datos/tree/main/estudios/barrios-mas-caros-y-baratos-montevideo-alquiler-m²-2026. Data: datos.csv, CC BY license 4. 0.
Sources and data
- DOI: 10.5281/zenodo.23518343 (Zenodo)
- Original study (Spanish): Barrios más caros y más baratos de Montevideo para alquilar apartamento: ranking por m² (octubre 2026)
- GitHub (CSV, PDF): https://github.com/elbroker/aptologia-datos/tree/main/estudios/barrios-mas-caros-y-baratos-montevideo-alquiler-m2-2026
- Hugging Face: https://huggingface.co/datasets/aptologia/estudios-vivienda-lote-18-2026/tree/main/barrios-mas-caros-y-baratos-montevideo-alquiler-m2-2026