Housing in Manizales: price per m², rental, rooms, estrato and HOA fee (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.
The neighborhood with the most expensive square meter of Manizales is Cerro de Oro, with 8.09 million pesos in the medium of apartments for sale; the cheapest of the sample is Campobuela, with 4.22 million pesos. An apartment of 2 rooms is rented for 1.65 million pesos a month in the medium and sold for 350 million pesos. The gross implicit return on rent is 6.6% per year. HOA fee is equivalent to 16.1% of the rent (264,000 pesos per month in the median).
Abstract: We analyze 3,113 ads of apartments in Manizales (2,824 for sale and 289 for rent).
Updated: 18 October 2026 (data from 18 October 2026) · Next update: monthly.
Summary
| Indicator | Value |
|---|---|
| More expensive (sale per m²) | Golden Cerro: 8.09 million pesos |
| Cheapest (sale per m²) | Beautiful countryside: 4.22 million pesos |
| Sale per m² (medium) | 5.65 million pesos |
| Rental 2 rooms | 1.65 million pesos |
| Gross implicit return | 6.6% |
| HOA fee / rental (medium) | 16.1% |
| Announcements | 3,113 |
Barrios (30 ads or more)
| Barrio | Sale per m² (million pesos) | Monthly rental (million pesos) | Announcements (sale / rental) |
|---|---|---|---|
| Golden Cerro | 8.09 | — | 111 / — |
| Avenida Alberto Mendoza | 8.08 | — | 57 / — |
| Exposeries | 8.07 | — | 45 / — |
| The Tree | 7.48 | — | 103 / — |
| San Marcel | 7.43 | — | 30 / — |
| Lower Switzerland | 7.14 | — | 94 / — |
| Cable | 6.61 | — | 32 / — |
| The Sultana | 6.08 | — | 39 / — |
| The Laurels | 5.99 | — | 56 / — |
| Avenida Santander | 5.95 | — | 96 / — |
| High Switzerland | 5.91 | — | 66 / — |
| Milan | 5.89 | — | 150 / — |
| Nice. | 5.85 | — | 49 / — |
| France | 5.75 | — | 136 / — |
| Cyprus | 5.66 | — | 112 / — |
| Versailles | 5.57 | — | 31 / — |
| San Jorge | 5.30 | — | 47 / — |
| Palermo | 5.00 | — | 310 / — |
| The Centre | 4.78 | — | 68 / — |
| Centre | 4.30 | — | 49 / — |
| Villapillary | 4.26 | — | 34 / — |
| Beautiful countryside | 4.22 | — | 39 / — |
Medium apartments; - indicates less than 30 ads. The rent is monthly, without HOA fee or common costs.
Price per number of rooms
| Rooms | Sales price (medium) | Monthly rental (median) | Announcements (sale / rental) |
|---|---|---|---|
| 1 | 348 million pesos | — | 104 / — |
| 2 | 350 million pesos | 1.65 million pesos | 767 / 126 |
| 3 or more | 495 million pesos | 2.67 million pesos | 1,944 / 147 |
By estrato
| Strand | Sale by m² (million) | Monthly rental (million) | Announcements (sale / rental) |
|---|---|---|---|
| 3 | 4.66 | 1.45 | 473 / 43 |
| 4 | 5.52 | 1.80 | 691 / 87 |
| 5 | 5.98 | 1.72 | 407 / 50 |
| 6 | 6.40 | 3.30 | 1,185 / 103 |
Medium; - indicates less than 30 ads.
Frequently asked questions
What is the most expensive neighborhood in Manizales? Golden Cerro, with 8.09 million pesos per m² in apartments for sale (October of 2026).
Where is it cheaper to buy apartment in Manizales? Among the neighborhoods with 30 ads or more, in Campobuelte: 4.22 million pesos per m².
How much does an apartment rent in Manizales? The gross return is 6.6% per year (rent per m² × 12), before expenditure.
How much does it cost to rent a 2 room apartment in Manizales? 1.65 million pesos per month in the medium (October of 2026).
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.
- Colombia: Prices in Colombian pesos, no currency conversion. HOA fee and rental with reasons between 1% and 80%.
- 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). Housing in Manizales: price per m², rental, rooms, estrato and HOA fee (October 2026). Aptology (aptologia.com). https://github.com/elbroker/aptologia-datos/tree/main/estudios/vivienda-manizales-venta-alquiler-estrato-2026. Data: datos.csv, CC BY license 4. 0.
Sources and data
- DOI: 10.5281/zenodo.23462230 (Zenodo)
- Original study (Spanish): Vivienda en Manizales: precio por m², arriendo, habitaciones, estrato y administración (octubre 2026)
- GitHub (CSV, PDF): https://github.com/elbroker/aptologia-datos/tree/main/estudios/vivienda-manizales-venta-arriendo-estrato-2026
- Hugging Face: https://huggingface.co/datasets/aptologia/vivienda-manizales-venta-arriendo-estrato-2026
More questions
- What is the most expensive neighborhood in Manizales?
- Where is it cheaper to buy apartment in Manizales?
- How much does an apartment rent in Manizales?
- How much does it cost to rent a 2 room apartment in Manizales?
- What does the study “Housing in Manizales: price per m², rental, rooms, estrato and HOA fee” show?