What does it cost for a vacation rental in Chapala and Ajijic, Mexico?
Spencer McMullen - Chapala Law
Posted March 14, 2016
Anne Dyer - Casita Montana
Posted August 9, 2016
Percy Pinklebutt - Percy Pinklebutt Enteprises
Posted September 28, 2016
Deborah Van Arsdel
The Chapala lakeside area has many options to choose from for rentals. They range from nightly to long term. I will use US dollars when referring to prices. Nightly rentals can be found at hotels, B&Bs, Trip Advisor, Airbnb, Home Away and VRBO, with prices ranging from $20/night on up depending on size, location and length of stay.
Many of these places will also rent by the week or month. Short-term monthly rentals usually have a discounted...
The Chapala lakeside area has many options to choose from for rentals. They range from nightly to long term. I will use US dollars when referring to prices. Nightly rentals can be found at hotels, B&Bs, Trip Advisor, Airbnb, Home Away and VRBO, with prices ranging from $20/night on up depending on size, location and length of stay.
Many of these places will also rent by the week or month. Short-term monthly rentals usually have a discounted rate with a six-month minimum. Oftentimes these rentals have private owners who utilize these homes part of the year themselves, frequently between the months of November and April. Long-term rentals are generally one or more years.
Like anywhere, there are a range of average prices starting from $300/month for a basic studio or small 1 bedroom, up to $2,000/month + for a fully furnished, multi-bedroom/bath home. The rent may or may not include housekeeper, gardener, cable/satellite TV, internet, phone and other utilities, all of which are quite affordable in Mexico.
A number of real estate companies have rental departments to facilitate both landlords and tenants. Rental properties can be owned by either Mexicans or expats and rental practices can vary widely. Most expect a security deposit along with the first month's rent. It is advisable to seek recommendations when using rental realtors or rental agencies and check into their track record with refunding of deposits. One more tip - in Mexico, often tenants are expected to do all maintenance and repairs out of their own pockets. Inventory of rentals varies throughout the year and can become almost non-existent during the "high" tourist season, November - March. Usually inventory is greater May through October, but a growing sunbird tourist season also exists that time of year.
(Outdoor kitchen in a rental property, Lake Chapala, Mexico, pictured.)
Posted February 19, 2017