I just reviewed the rental market figures in Buenos Aires, and the situation is getting quite intense. In February, the average price for a two-room apartment was around $790,801, representing a 3.5% jump just in that month. Year-over-year, the increases reached 34.8%, well above the inflation rate.

What’s interesting is that the gap between neighborhoods is widening more and more. Puerto Madero remains the most expensive area, with two-room apartments at $1,322,428, but if you're looking for something more affordable, there are options. In Lugano, for example, you can find a two-room apartment for $643,142, almost $680,000 less. Notably, rentals in Mataderos experienced one of the strongest year-over-year increases at 39.02%, so if you were considering that area some time ago, prices have moved quite a bit.

What surprises me is that since the Rental Law was repealed in January 2024, the supply skyrocketed, but now in February, it dropped again by 6.1%. Still, there are nearly three times more available apartments than at the lowest point in 2023. Looking at profitability, Lugano leads with a 9.6% gross annual return, while the more expensive areas like Puerto Madero offer just about 3.5%. For those thinking about investing in rentals in Mataderos or similar areas, the price-to-yield ratio remains more attractive than in premium neighborhoods, even though prices are rising every month.