Buenos Aires Rental Market Sees Slowdown, But Canning Prices Soar Above North Zone

The rental market in the Greater Buenos Aires (GBA) region is exhibiting a fascinating trend, with March's figures revealing a monthly increase in advertised rents that falls below the overall inflation rate. This deceleration in price growth, particularly noticeable in the northern zone, suggests a potential cooling of the market after periods of rapid escalation. In the first quarter of 2026, the northern zone saw rents rise by 7.3%, a figure that, while still an increase, is notably lower than both inflation (8.5%) and the surge recorded in the same period of the previous year (10.4%).

This pattern of moderating rent increases is also observed in the southern and western zones of the GBA. The southern zone registered a 6.5% increase, less than half of the 10.9% seen in early 2025, while the western zone saw a 6.1% quarterly rise, also trailing behind the previous year's figures and inflation. These numbers, according to the March Zonaprop index, indicate a broader trend of slowing rent growth across much of the GBA.

However, the story takes a surprising turn when focusing on specific neighborhoods. Canning, located in the southern zone, has emerged as a notable outlier. The average rental price for a two-room apartment (50 m²) in Canning has reached $598,588, with a 2.3% monthly increase. More strikingly, a three-room apartment (70 m²) commands $811,540. These figures place Canning's rental market on par with the Capital Federal (Buenos Aires city), where a similar two-room apartment averages $814,659. Even more significantly, Canning's prices have surpassed those in the northern zone, traditionally the most expensive area in the GBA, where the average rent for a two-room apartment is $772,380.

The high rental values in Canning are partly explained by the prevalence of new constructions. Of the 311 apartments surveyed by Zonaprop in the area, a substantial 60.5% are newly built. This influx of modern, high-end properties, coupled with strong market interest and demand, is driving up average prices. Real estate specialists note a significant demand in the area, fueling the development of upscale, gated communities that contribute to the elevated rental averages. This phenomenon highlights how localized development and new supply can significantly influence rental market dynamics, even within a broader trend of deceleration.

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There is a lot of interest and demand in the area.