How Much Foreigners Pay to Rent in Lima in 2026

In Lima, Peru’s capital, foreigners renting a 100 m² three-bedroom flat can expect to pay an average of S/3,356 (about US$979) per month as of April 2026, according to Urbania’s report. This figure represents the monthly rental price for a standard flat with three bedrooms. However, the cost varies significantly between districts.

The most expensive district, San Isidro Financiero, averaged S/5,161 (about US$1,506) per month, while the cheapest district, Los Olivos Sur, averaged S/1,583 (about US$462) per month. This price difference is substantial, with one district costing nearly 60% more than the other. Apart from location, there are other factors to consider when renting in Lima.

Foreigners must provide proof of regular migration status to landlords, as required by Law 31689, which was published in February 2023. This law mandates landlords to request documents proving their tenants' legal status and report this information to the national migration authority. The fines for non-compliance are severe, and foreigners should be prepared to provide their passport and residence card or proof of lawful stay during the first viewing.

Although the article does not confirm the nature of all the rents listed, it suggests that they are likely asking prices or signed leases. The trend of rising rents in Lima is evident, with a 4.0% increase in the first four months of 2026. Specific districts, such as Jesús María, San Isidro, La Molina, and Barranco, experienced even higher yearly increases.

When negotiating a lease, it is essential to carefully review and understand the terms and conditions. Key clauses to check include the rent amount and currency, deposit requirements, lease duration and increase provisions, eviction clauses, and an inventory of the property. Taking photographs and noting meter readings upon moving in can help protect yourself in case of disputes over the return of the deposit.

In summary, foreigners planning to rent a flat in Lima should be aware of the varying rental prices by district, the legal requirements for providing migration status proof, and the importance of thoroughly reviewing lease agreements before signing.