BuySellBA
Administrator
Dollar-denominated rentals are back on the rise in Buenos Aires: how much does a one-bedroom apartment cost, neighborhood by neighborhood? - Ambito
Source:
www.ambito.com
September 19, 2025
Dollar-denominated rentals are back on the rise in Buenos Aires: how much does a one-bedroom apartment cost, neighborhood by neighborhood?
The supply of rentals in dollars has grown in recent months and now accounts for 42% of listings in Buenos Aires.Depositphotos
The rental market in the City of Buenos Aires is undergoing a new shift. After several months in which the majority of listings were published in pesos, dollar-denominated listings began to gain ground again in August. Today, according to data from Zonaprop, 42% of listings are in foreign currency and 58% in pesos.
The expansion in dollars comes after more than a year in which the repeal of the Rental Law had driven a higher volume of contracts in pesos. In May and June of this year, six out of ten ads were denominated in local currency. However, since August, the proportion has changed slightly and has risen again in dollars.
Prices are following this trend. The average price of a two-bedroom apartment in Buenos Aires City is US$850 per month. So far in 2025, the cumulative increase in dollars is 19.46%, and in the last twelve months, the increase was 35.08%.
Furthermore, the premium segment and areas with high corporate or seasonal demand tend to dollarize more quickly, while in middle-class neighborhoods, the reference price in pesos remains more important. The gap is due to tenants' ability to pay and the segmentation of demand.
Leandro Molina , general manager of Zonaprop, explained: “Starting in July 2025, we are observing a slight decrease in the proportion of rental listings published in pesos and, consequently, a gradual increase in the volume of listings in dollars. Although listings in pesos remain predominant, many owners are opting for the dollar as a way to preserve the value and profitability of their properties.”
View of Villa del Parque, one of the most sought-after rental neighborhoods in Buenos Aires (Photo courtesy of San Román Properties)
He added that "the dollar rental market has entered a more mature phase. There are owners who specifically target market segments that pay or prefer the dollar, such as professionals with incomes tied to that currency, foreigners, and digital nomads."
Regarding general demand, Molina explained: “Villa del Parque, Villa Pueyrredón, and Villa Devoto are the city neighborhoods experiencing the greatest demand pressure, while Puerto Madero and Retiro experience the lowest percentage. In these last two neighborhoods, supply is bolstered by the interest in properties listed in foreign currency.”
Over the past year, the Northwest Corridor saw the greatest increase, with a 30.9% rise. It was followed by the Central Corridor, with a 28.41% increase. In contrast, the North Corridor showed the smallest year-over-year variation (24.17%) and even a monthly decline of 0.40%, although it remains one of the most expensive areas of the city, with an average of US$901 per month.
The sector argued that this figure (20% accumulated over the year) may reflect what some owners publish, but not what ultimately materializes. Cuello added: "There was a slight adjustment in dollars, driven by the inflationary context in that currency and the lower performance of the peso in recent months. This led several owners to update the values to avoid losses against the dollar."
www.buysellba.com
Source:
Volvió a crecer la oferta de alquileres en dólares en CABA: cuánto vale un dos ambientes barrio por barrio
Informe privado confirmó que los avisos en dólares repuntaron desde agosto y alcanzan al 42% del total. Cuáles son las razones ahora sin Ley de Alquileres.
www.ambito.com
September 19, 2025
Dollar-denominated rentals are back on the rise in Buenos Aires: how much does a one-bedroom apartment cost, neighborhood by neighborhood?
The supply of rentals in dollars has grown in recent months and now accounts for 42% of listings in Buenos Aires.Depositphotos
The rental market in the City of Buenos Aires is undergoing a new shift. After several months in which the majority of listings were published in pesos, dollar-denominated listings began to gain ground again in August. Today, according to data from Zonaprop, 42% of listings are in foreign currency and 58% in pesos.
The expansion in dollars comes after more than a year in which the repeal of the Rental Law had driven a higher volume of contracts in pesos. In May and June of this year, six out of ten ads were denominated in local currency. However, since August, the proportion has changed slightly and has risen again in dollars.
The upswing coincides with the trend seen since the December 2023 Decree came into effect. In the first months of 2024, more than half of the listings were in dollars, but as the year progressed, the proportion declined, reaching a low of 40% in May and June 2025. Starting in July, a shift occurred: ads in dollars began to gain ground, and by August they again reached 42% of the total, confirming a trend toward dollarization in several areas of the City.Prices are following this trend. The average price of a two-bedroom apartment in Buenos Aires City is US$850 per month. So far in 2025, the cumulative increase in dollars is 19.46%, and in the last twelve months, the increase was 35.08%.
Factors behind re-dollarization
The surge in dollar supply is a response to households' desire to preserve the value of their income in a context of persistent inflation and currency tensions. Adjustment in interest rates and expectations about the exchange rate also influence this preference.Furthermore, the premium segment and areas with high corporate or seasonal demand tend to dollarize more quickly, while in middle-class neighborhoods, the reference price in pesos remains more important. The gap is due to tenants' ability to pay and the segmentation of demand.
Leandro Molina , general manager of Zonaprop, explained: “Starting in July 2025, we are observing a slight decrease in the proportion of rental listings published in pesos and, consequently, a gradual increase in the volume of listings in dollars. Although listings in pesos remain predominant, many owners are opting for the dollar as a way to preserve the value and profitability of their properties.”
View of Villa del Parque, one of the most sought-after rental neighborhoods in Buenos Aires (Photo courtesy of San Román Properties)
He added that "the dollar rental market has entered a more mature phase. There are owners who specifically target market segments that pay or prefer the dollar, such as professionals with incomes tied to that currency, foreigners, and digital nomads."
Regarding general demand, Molina explained: “Villa del Parque, Villa Pueyrredón, and Villa Devoto are the city neighborhoods experiencing the greatest demand pressure, while Puerto Madero and Retiro experience the lowest percentage. In these last two neighborhoods, supply is bolstered by the interest in properties listed in foreign currency.”
More expensive and more accessible neighborhoods
Puerto Madero continues to top the ranking with an average rent of US$1,312 for a two-bedroom apartment, followed by Colegiales (US$1,160) and Monserrat (US$1,057). At the other end of the spectrum, Balvanera offers the lowest prices, with an average of US$700 per month.Over the past year, the Northwest Corridor saw the greatest increase, with a 30.9% rise. It was followed by the Central Corridor, with a 28.41% increase. In contrast, the North Corridor showed the smallest year-over-year variation (24.17%) and even a monthly decline of 0.40%, although it remains one of the most expensive areas of the city, with an average of US$901 per month.
The market's view
"The increase in dollarized values is due to the rise in the exchange rate and the need for homeowners to preserve value in a context of persistent inflation. The exchange rate stability has not prevented the price per square meter from continuing to adjust," explained Lisandro Cuello , a real estate market expert.The sector argued that this figure (20% accumulated over the year) may reflect what some owners publish, but not what ultimately materializes. Cuello added: "There was a slight adjustment in dollars, driven by the inflationary context in that currency and the lower performance of the peso in recent months. This led several owners to update the values to avoid losses against the dollar."
Zones and values
Below are the average rental prices for two-bedroom apartments in Buenos Aires City with dollarized offers:- Puerto Madero: US$1,312.
- Colegiales: US$1,160.
- Montserrat: US$1,057.
- Palermo: US$934.
- Núñez: US$920.
- Belgrano: US$911.
- San Telmo: US$843.
- Chacarita: u$s850.
- Recoleta: US$829.
- Villa Urquiza: US$802.
- Almagro: US$797.
- Villa Crespo: US$793.
- Retiro US$792.
- Caballito: US$719.
- San Nicolás: US$709.
- Balvanera: US$700.
www.buysellba.com
