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Buenos Aires Rents Climb Faster Than Inflation as September Lease Hikes Kick In

Inflation-linked lease updates are triggering sizable September increases.

Overview

  • Zonaprop reports the average two‑room rent rose 2.1% in August to ARS 682,377, bringing a 24% increase in 2025 that outpaces roughly 19.2% inflation.
  • Smaller units lead the gains, with a typical 40 m² studio at ARS 583,215 versus ARS 915,882 for a 70 m² three‑room apartment.
  • The barrio gap is stark, from ARS 512,510 in Lugano to ARS 1,201,649 in Puerto Madero, with Palermo at ARS 753,093 and Recoleta at ARS 697,084 for two‑room units.
  • September contract adjustments are sizable: semiannual updates rise 14.7% by IPC or 18.8% by ICL, while annual updates jump 36.5% by IPC or 50.3% by ICL.
  • Post‑DNU 70/2023, about 90% of leases are in pesos with inflation indexation, and supply is concentrated as six barrios account for 57% of listings with Palermo alone at 20%.