All 18 neighborhoods in Montevideo ranked by cost of living index. Updated 2026.
| # | Neighborhood | 1BR Rent | Index | vs Avg |
|---|---|---|---|---|
| 1 | Cerro | $350/mo | 0.70x | -30% |
| 2 | Unión | $360/mo | 0.72x | -28% |
| 3 | Aguada | $375/mo | 0.75x | -25% |
| 4 | Paso Molino | $390/mo | 0.78x | -22% |
| 5 | La Comercial | $410/mo | 0.82x | -18% |
| 6 | La Blanqueada | $425/mo | 0.85x | -15% |
| 7 | Prado | $425/mo | 0.85x | -15% |
| 8 | Tres Cruces | $440/mo | 0.88x | -12% |
| 9 | Cordón | $460/mo | 0.92x | -8% |
| 10 | Parque Batlle | $475/mo | 0.95x | -5% |
| 11 | Malvín | $500/mo | 1.00x | Avg |
| 12 | Buceo | $510/mo | 1.02x | +2% |
| 13 | Parque Rodó | $525/mo | 1.05x | +5% |
| 14 | Ciudad Vieja | $540/mo | 1.08x | +8% |
| 15 | Punta Gorda | $560/mo | 1.12x | +12% |
| 16 | Pocitos | $610/mo | 1.22x | +22% |
| 17 | Punta Carretas | $625/mo | 1.25x | +25% |
| 18 | Carrasco | $650/mo | 1.30x | +30% |
Rent estimates based on city average of $500/mo adjusted by neighborhood cost index. Index 1.00 = city average.
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Open a Wise Account →The cheapest neighborhood in Montevideo is Cerro, with an estimated 1-bedroom rent of $350/month — 30% below the city average.
The average 1-bedroom rent in Montevideo is approximately $500/month. Rents range from $350/mo (Cerro) to $650/mo (Carrasco).
Our database covers 18 neighborhoods in Montevideo, each with detailed cost-of-living and salary data.