Peru House Prices, Rents & Rental Yields (2026)
How much property costs in Peru, what it rents for and how that compares with neighbouring markets in Latin America and the Caribbean. City-centre prices per m² rank 3 of 10 in this comparison; gross yields rank 6 of 10.
- Apartment price per m² (city centre)
- $1,870
- 2022
- Apartment price per m² (outside centre)
- $1,397
- 2022
- Gross rental yield (city centre)
- 5.4%
- 2024
- Price-to-income ratio
- 18.9
- 2024
- Rent: 1-bedroom, city centre
- $453/mo
- 2023
- Mortgage interest rate (20-year fixed)
- 9.2%
- 2022
Price and rent trends in Peru
Latest property market indicators
| Indicator | Value | Year | Change | Source |
|---|---|---|---|---|
| Apartment price per m² (city centre)Average asking price per square metre to buy an apartment in city centres | $1,870 | 2022 | -3.6% vs 2021 | Numbeo |
| Apartment price per m² (outside centre)Average price per square metre to buy an apartment outside city centres | $1,397 | 2022 | -6.4% vs 2021 | Numbeo |
| Price-to-income ratioMedian apartment price divided by median annual disposable family income | 18.9 | 2024 | -0.5% vs 2023 | Numbeo |
| Gross rental yield (city centre)Annual rent as a percentage of purchase price, city-centre apartments | 5.4% | 2024 | +0.6 pp vs 2023 | Numbeo |
| Price-to-rent ratio (city centre)Purchase price divided by annual rent, city-centre apartments | 18.6 | 2024 | -9.7% vs 2023 | Numbeo |
| Rent: 1-bedroom, city centreAverage monthly rent of a one-bedroom apartment in the city centre | $453/mo | 2023 | -11.6% vs 2022 | Numbeo |
| Rent: 1-bedroom, outside centreAverage monthly rent of a one-bedroom apartment outside the centre | $220/mo | 2023 | -37.2% vs 2022 | Numbeo |
| Rent: 3-bedroom, city centreAverage monthly rent of a three-bedroom apartment in the city centre | $814/mo | 2023 | -5.3% vs 2022 | Numbeo |
| Rent: 3-bedroom, outside centreAverage monthly rent of a three-bedroom apartment outside the centre | $495/mo | 2023 | -16.8% vs 2022 | Numbeo |
| Mortgage interest rate (20-year fixed)Average yearly mortgage interest rate, 20-year fixed | 9.2% | 2022 | +0.9 pp vs 2021 | Numbeo |
Year-by-year data
| Year | Apartment price per m² (city centre) | Apartment price per m² (outside centre) | Price-to-income ratio | Gross rental yield (city centre) | Price-to-rent ratio (city centre) | Rent: 1-bedroom, city centre | Rent: 1-bedroom, outside centre | Rent: 3-bedroom, city centre | Rent: 3-bedroom, outside centre | Mortgage interest rate (20-year fixed) |
|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | — | — | 18.9 | 5.4% | 18.6 | — | — | — | — | — |
| 2023 | — | — | 19 | 4.8% | 20.6 | $453/mo | $220/mo | $814/mo | $495/mo | — |
| 2022 | $1,870 | $1,397 | 19.5 | 4.5% | 22.3 | $512/mo | $351/mo | $859/mo | $595/mo | 9.2% |
| 2021 | $1,940 | $1,494 | 16.9 | 5.1% | 19.5 | $461/mo | $312/mo | $838/mo | $665/mo | 8.3% |
| 2020 | $2,098 | $1,207 | 15 | 5.5% | 18.2 | $504/mo | $262/mo | $806/mo | $462/mo | 11.6% |
| 2019 | $1,704 | $1,270 | 16 | 4.8% | 20.7 | $438/mo | $274/mo | $898/mo | $615/mo | 8.3% |
| 2018 | $1,802 | $1,184 | 18.9 | 4.8% | 20.8 | $423/mo | $304/mo | $764/mo | $538/mo | 10.6% |
| 2017 | $1,821 | $1,095 | 16.5 | 6.2% | 16 | $487/mo | $330/mo | $931/mo | $614/mo | 9.4% |
Peru compared with Latin America and the Caribbean
| Country | Apartment price per m² (city centre) | Gross rental yield (city centre) | Price-to-income ratio | Mortgage interest rate (20-year fixed) |
|---|---|---|---|---|
| Peru | $1,870 | 5.4% | 18.9 | 9.2% |
| Argentina | $2,312 | 3.0% | 21.1 | 98.0% |
| Bolivia | $1,120 | 5.7% | 12.8 | 7.7% |
| Brazil | $1,778 | 4.5% | 16.5 | 10.8% |
| Chile | $2,813 | 4.3% | 17.5 | 5.3% |
| Colombia | $1,241 | 4.8% | 18.7 | 14.7% |
| Costa Rica | $1,659 | 7.0% | 9.4 | — |
| Dominican Republic | $1,450 | 7.4% | 15.5 | 14.2% |
| Ecuador | $1,214 | 6.1% | 11.3 | 10.9% |
| Mexico | $1,852 | 7.7% | 10.7 | 11.4% |
Related
Prices, rents, yields and mortgage rates: Numbeo (crowd-sourced, national averages of city data). Values in US dollars.