Rents in the City of Buenos Aires climbed 1.6 per cent in July, taking the accumulated increase for 2026 to 17.5 per cent, well below the 19.2 per cent inflation recorded over the same period. Year-on-year, published rents rose 30.7 per cent, also trailing the 33.7 per cent consumer-price rise and the 31.6 per cent adjustment of the official rental-contract index. In real terms, the cost of a new lease has therefore fallen by 1.7 per cent since January.

The repeal of Argentina’s rental law in December 2023 triggered a 62 per cent surge in the supply of flats for traditional lease in January 2024, but the pace of new listings has since eased, growing just 3.2 per cent in July 2026. Even so, the current stock of available properties is 3.4 times larger than the historic low of February 2023. The expanded supply has not halted nominal price increases, but it has helped keep them below the general rate of inflation.

A two-room flat now costs an average of 873,668 pesos a month, while a studio commands 761,268 pesos and a three-room unit 1,177,672 pesos. The gap between neighbourhoods remains stark: Puerto Madero, the most expensive district, averages 1,308,569 pesos, whereas Lugano, the cheapest, averages 656,159 pesos. The gross annual rental yield across the city stands at 5.76 per cent, meaning an investor would need 17.3 years of rent to recoup the purchase price, 6.5 per cent less time than a year ago.

Yields are highest in lower-priced barrios: Lugano offers 10.1 per cent, La Boca 7.7 per cent and Nueva Pompeya 7.4 per cent. At the other end, Puerto Madero yields just 3.5 per cent, Palermo 4.6 per cent and Núñez 4.7 per cent. The data, compiled by real-estate portal Zonaprop, point to a market in which tenants are gaining modest real relief even as nominal prices continue to rise, while the investment arithmetic remains sharply divided by location.