This is the cheapest district of Lima to rent an apartment: its monthly price reaches S/1,310

The housing rental price in Metropolitan Lima, it costs more and more. According to Urbania’s latest report, leasing a 100 m2 department with three rooms reached a value of S/3.125 in January, that is, a figure that long exceeds the minimum vital remuneration that is set at S/1,025.

In this way, the monthly result shows an increase of 1.7% in January and 7.2% in the last year. By zones, the highest prices are in San Isidro Financiero (S/4,684), traditional ravine (s/4,277) and new ravine (s/4.024), while the cheapest ones are The North, Central and South Olives.

This is the cheapest district to rent an apartment

The district of Lima that offered a cheaper rent in January was San Martín de Porres (s/1.310), according to the Urbania report. They follow him Los Olivos and La Molina with average prices S/1,608 and S/2.313, respectively. A counterpart, Ravine (S/4.160), San Isidro (S/3,762), Lince (S/3,569) and Miraflores (S/3,565) exceeded the average of the capital.

Those locations that registered higher price variations at the annual level were Cercado de Lima (16.1%), the olive trees (9.1%), Miraflores (9%), Surquillo (8.2%) and San Isidro (7.9%), while the districts that showed an obvious contraction were San Martín de Porres and La Molina.

Profitability in January

According to Urbaniathe relationship between the annual rental and the price has increased slightly and is now located by 5.15%. In that sense, the real estate will require that 19.4 years of lease are required to repair the investment to buy property, that is, 4.5% less than a year ago.

Cercado de Lima (6.4%), Surquillo (6.3%), Lince (5.8%), Los Olivos and Chorrillos (5.5%) were the districts with the highest return rates. However, San Isidro (4.8%), Santiago de Surco (4.8%) and San Borja (4.6%) were the most limited.