Buenos Aires Rental Market Sees Price Hikes and Increased Supply

Rents in Buenos Aires have accelerated in early 2026, with the average price for a two-room apartment rising 14.1% in the first quarter and an additional 1.7% in May. The current average rent for a two-room apartment stands at $848,509 Argentine pesos, while a studio apartment is 12% cheaper at $747,120 pesos. Three-room apartments are significantly more expensive, averaging $1,140,599 pesos, which is 34% higher than two-room units.

Leandro Molina, director of the real estate platform Zonaprop, noted that rental prices for new contracts slowed considerably in February 2024 after the repeal of the Rental Law. Over the past 12 months, the average price in the Autonomous City of Buenos Aires (CABA) has increased by 32.5%, the lowest year-on-year rise since December 2019. The supply of rental apartments has also seen a dramatic increase since the pandemic. After reaching a historic low in February 2023, the availability of traditional rental apartments in Buenos Aires grew by 62% in January 2024 following the repeal of the Rental Law. By May 2026, this growth moderated to 7.3%, with the current supply being 3.2 times higher than the February 2023 low.

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In the last 12 months, the average price in CABA registers an increase of 32.5%, the lowest year-on-year increase since December 2019.

The ranking of neighborhoods reveals significant price disparities. For a two-room apartment, the most accessible areas include Villa Luro, Villa Real, and Mataderos, where prices are approximately 20% below the city average. In the mid-range, neighborhoods like Villa Crespo and Caballito are about 4.4% lower than the city average.

Conversely, Puerto Madero is the most expensive neighborhood, with an average rent of $1,285,939 for a two-room apartment, representing a price up to 52% higher than the city average. Other expensive areas include Palermo Chico and Belgrano. The rental yield for investors also saw an increase in May, reaching 5.94% gross annually, meaning it takes 16.8 years of rent to recover the investment, a 9.6% decrease from the previous year.

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In May 2026 it grew 7.3%. The current volume of supply is 3.2 times higher than that registered in February 2023 (minimum).