You can rent a basic two- or three-bedroom, two-bathroom house in the Cayo District for US $500 a month. Of course, I’ve got houses that rent up to US $1,500. These are larger houses, in a better location. So the range to rent a house in Cayo is from $500 to $1,500 per month.
The $500 per month rental would be around 1,500 square feet, with two or three bedrooms, on a regular sized lot, which will be about 80 by 100 feet. Belizean houses don’t have too big rooms, although we have a lot of nicer houses these days. These homes are very, very livable and I’ve got a lot of Americans renting houses here that are very comfortable with a $500 per month rental home. The rental price includes furniture, and normally you pay your own utility bills.
For $1,000 per month rent, you could get a much nicer house in a nice, quiet area. I’ve got one for rent for that price. It’s a very nice house – it’s spacious, got a large deck, it’s in six lots rather than one lot, it’s in a nice area, fully furnished with nice furniture, and nice appliances. The square footage is about 1,800 to 2,000.
I also have a house for rent here in Cayo for $1,500. It’s a large house; four bedrooms, three bathrooms, nice view, and good area. There’s no set price scale in Cayo. The owners set their own price. Long term is cheaper per month, and if the owners want somebody there quickly they price the rent cheaper.
At present, there is more demand for rental homes than there is supply. Renting from people who buy a house and only live in it for six months would be perfect. I have several snowbirds here from Canada. They rent the house for half a year and go back half a year.
Some people like buying a house with a spare room, which they can rent out to somebody all the year and if they go away they have security there. There are these types of rentals available, too.
(Eco home in an eco community, Cayo District, Belize, pictured.)