Montevideo's July rental map shows why the city cannot be read through one average. A July 24 local report said Carrasco leads the city's expensive-rent ranking, while INGAR's June index still shows Piedras Blancas with the highest published apartment yield.

Carrasco Is The Lifestyle Rent Peak

Carrasco's high average rents reflect space, coastal access, schools and upper-income demand. That makes it a capital-preservation and lifestyle market, not the best proxy for yield-focused investors.

Piedras Blancas Leads Yield

INGAR's June data put Montevideo's median apartment price at USD2,561 per square metre and the citywide gross apartment yield near 6.0%. Piedras Blancas stood out with an estimated 11.8% gross yield, far above prime coastal neighborhoods.

Official Adjustment Still Frames Renewals

IMPO's UR, URA and CRA table shows the June 2026 rental adjustment coefficient at 1.0377. Renewal math therefore remains nationally indexed even though neighborhood rents and yields vary sharply.

Outlook

Montevideo's second-half market should separate rent level from investment return. Carrasco and Pocitos can command high rents, but yield buyers need liquidity, maintenance and tenant-quality checks in lower-cost districts.

For Uruguay, the immediate check is whether the reported movement appears in signed contracts, lender approvals, permits, title records, or completed handovers rather than only asking prices. Buyers and agents should compare the named locations above with current listings and documents before extrapolating the story nationally.

Read more at Uruguay Housing Market.