Mexico in Numbers: Mexico City rental prices
Rents in CDMX have risen nearly 10% in a year — but the gap between boroughs is huge. Here's what a two-bedroom actually costs, neighborhood by neighborhood. The post Mexico in Numbers: Mexico City rental prices appeared first on Mexico News Daily
Mexico City's rental prices continue to rise, with the average monthly cost for a two-bedroom apartment reaching 21,921 pesos (US $1,292) in the past year, marking a 9.6% increase. This is despite Mexico's annual inflation rate standing at 3.37%. Rent hikes are causing significant distress among residents, particularly in the historically gentrified neighborhoods of Condesa and Roma. The El Economista newspaper and news outlet Expansión recently verified these statistics from Inmuebles24, a real estate listing website.
Certain boroughs, such as Cuauhtémoc and Miguel Hidalgo, have the highest average rents, standing at 29,149 pesos (US $1,719) and 27,786 pesos (US $1,642) respectively, with annual increases of 13.7% and 10.1%. Conversely, Venustiano Carranza borough, situated in the northeastern part of the city, boasts the lowest average rents among the sampled boroughs, at 13,021 pesos (US $768) with a modest 5.3% annual increase.
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