Where it is most expensive and cheaper to rent a 2 bedroom apartment in Montevideo: neighborhood ranking (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, a 2 bedroom apartment is rented for 42,000 Uruguayan pesos (USD 1,045) per month in the middle of the area in Punta Carretas, the most expensive neighborhood, and 27,700 Uruguayan pesos (USD 689) per month in Aguada, the cheapest: 1.5 times less. We compare 12 neighborhoods with at least 30 ads from 2 bedrooms.

Abstract: We analyze 816 apartments for rent from 2 bedrooms in 12 neighborhoods of Montevideo.

Updated: 18 October 2026 (data from 18 October 2026) · Next update: monthly.

Summary

Monthly rental of a 2 bedroom apartment by neighborhood

Medians of the order, without HOA fee or common costs; only neighborhoods with 30 ads or more.

Frequently asked questions

How much does it cost to rent a 2 bedroom apartment in Punta Carretas? 42,000 Uruguayan pesos (USD 1,045) per month in the medium (October 2026); the central half between 35,000 Uruguayan pesos (USD 871) and 54,000 Uruguayan pesos (USD 1,343).

Where is it cheaper to rent a 2 bedroom apartment in Montevideo? In Aguada: 27,700 Uruguayan pesos (USD 689) per month in the median.

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). Where it is most expensive and cheaper to rent a 2 bedroom apartment in Montevideo: neighborhood ranking (October 2026). Aptology (aptologia.com). https://github.com/elbroker/aptologia-datos/tree/main/estudios/alquiler-apartamentos-de-2-dormitorios-por-barrio-montevideo-2026. Data: datos.csv, CC BY license 4. 0.

Sources and data

• Original study (Spanish): Dónde es más caro y más barato alquilar un apartamento de 2 dormitorios en Montevideo: ranking de barrios (octubre 2026)
• GitHub (CSV, PDF): https://github.com/elbroker/aptologia-datos/tree/main/estudios/alquiler-apartamentos-de-2-dormitorios-por-barrio-montevideo-2026
• Hugging Face: https://huggingface.co/datasets/aptologia/estudios-vivienda-lote-19-2026/tree/main/alquiler-apartamentos-de-2-dormitorios-por-barrio-montevideo-2026

More questions

• How much does it cost to rent a 2 bedroom apartment in Punta Carretas?
• Where is it cheaper to rent a 2 bedroom apartment in Montevideo?
• What does the study “Where it is most expensive and cheaper to rent a 2 bedroom apartment in Montevideo: neighborhood ranking” show?

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