What's the cost to rent a home in Yucatan: Riviera Maya, Playa del Carmen, Cancun, Merida, etc?
Denis Larsen - Casa Hamaca Guesthouse
If you’re in Merida, Yucatan, Mexico the cost to rent a home I suspect is higher than here in Valladolid. It would also be higher if you try to rent on the coast.Here in Valladolid, I have a friend who’s renting a 3-bedroom, 2-bath house on a long-term basis (she has had it for 3 years now) and I think she’s paying 2,000 pesos (US $125) a month. Now this isn’t a fancy house by any means; there are fancier houses. You can get a house with a...
If you’re in Merida, Yucatan, Mexico the cost to rent a home I suspect is higher than here in Valladolid. It would also be higher if you try to rent on the coast.Here in Valladolid, I have a friend who’s renting a 3-bedroom, 2-bath house on a long-term basis (she has had it for 3 years now) and I think she’s paying 2,000 pesos (US $125) a month. Now this isn’t a fancy house by any means; there are fancier houses. You can get a house with a swimming pool here for probably 4,000 pesos (US $250) a month.
(Casa de Garcia Obeso, Yucatan, Mexico, pictured.)
Posted September 29, 2015
Doug Willey - Doug Willey, Independent Real Estate Consultant
The cost to rent a home in Yucatan varies depending on the time of year. If you are going to rent a home on a permanent, 12-month rental, it would cost anywhere from US $700 a month and up. $700 a month may get you a small oceanfront house in the Merida beach areas in the state of Yucatan. If you were looking to be oceanfront but a larger home with a garden area, a swimming pool, split-type air-conditioning and several bedrooms, it would cost about $1,200. The cost to rent a home in Yucatan varies depending on the time of year. If you are going to rent a home on a permanent, 12-month rental, it would cost anywhere from US $700 a month and up. $700 a month may get you a small oceanfront house in the Merida beach areas in the state of Yucatan. If you were looking to be oceanfront but a larger home with a garden area, a swimming pool, split-type air-conditioning and several bedrooms, it would cost about $1,200. A three-bedroom, two-bathroom 3,200 square foot house in Chelem (the beach areas closest to Merida, in the state of Yucatan) that is one or two blocks away from the ocean, would cost you around $700 a month. It’s a different ball game because it’s one or two blocks away from the ocean. You can get a really nice modern home for $700 a month if you come back a couple of streets from the beach. You will still be in a nice area and you can walk to the beach in 2 to 3 minutes.
Prices in Chelem are so much cheaper than in Merida even if the home is right on the beach and you could be in Merida quickly, anyway. That is one of the big selling points of being in Chelem on the beach. You could have the beach lifestyle but if you and your husband or wife decide that tonight you want to have a really nice dinner and go to the theater, you could be in Merida in just 30 minutes. Do whatever it is that you want to do there and 30 minutes later, you are back home at the beach. It is the perfect setup.
You can also rent a nice place in the city of Merida. Quite a few expats have bought homes in Merida for the reason of renting them out. The cost to rent a three-bedroom, two-bathroom, 2,500 square foot home in Merida differs depending on where the house is situated. If you are in a popular, upscale expat area like Santiago, would cost you about $1,200 to $1,500 a month. I’m not certain how much it would cost in other areas that are not heavily populated by expats because most expats do not want to live in areas that are 99% populated by Mexicans; they want to be around other expats.
If you want to rent that same place in the Riviera Maya in the state of Quintana Roo in places like Playa del Carmen, Cancun, Tulum, and Cozumel, just double the price and you would be pretty close. It would cost about $2,500 a month to rent a three-bedroom, two-bathroom home in those areas.
(Map showing distance of Chelem to Merida, Mexico, pictured.)
Posted January 6, 2016
Gustavo Cisneros - Petén
The cost to rent a home in the Yucatan Peninsula varies depending on the type of house and the area where it is located. If you go to areas like Cancun or Playa del Carmen, that is a completely different market than in other areas. You will be getting really high prices in that area depending on what area of Cancun or Playa you want to be in. If you are beachfront, the prices will be higher. If you are downtown, the rent will be around $2,500 a month. If you go to Merida,...
The cost to rent a home in the Yucatan Peninsula varies depending on the type of house and the area where it is located. If you go to areas like Cancun or Playa del Carmen, that is a completely different market than in other areas. You will be getting really high prices in that area depending on what area of Cancun or Playa you want to be in. If you are beachfront, the prices will be higher. If you are downtown, the rent will be around $2,500 a month. If you go to Merida, you could rent a very nice house for $700 to $1,000 a month. That would be a 3,000 square foot house with a pool, a nice garden, three bedrooms, and the total lot area would be around 5,500 square foot. It would be located in a nice and safe area. If you rent in an exclusive area like in the country clubs, the rent would be around $1,500 a month for a condo unit. You could also rent a house next to the golf course for $2,000 a month.
The beach is a different market. If you go to very cheap areas on the beach, you would find houses that are around the beach but the house would be 30+ years old and without services. You could rent that house for around $400 a month. If you rent a four-bedroom house and each one has a bathroom, has a nice swimming pool, etc., that would cost around $1,500 a month on the beach.
Some rentals have inclusions like furniture and appliances. Some of them rent out just the houses as they are. In the area where we have our offices, you could rent a very nice two-bedroom, furnished house for $750 a month. It’s a very nice area. It doesn’t have a pool or a garden but you live in a small gated community of eight to ten houses, which has become the trend in some areas. The rent includes utilities like water, electric, internet, garbage collection, etc.
(Pictured: Home in Sisal, Yucatan, Mexico.)
Posted March 5, 2016
Thomas Lloyd - Top Mexico Real Estate
The average cost to rent a single-family house here in the Quintana Roo area in the Yucatan Peninsula is about 20,000 pesos (around US 1,100). If you’re renting more for a vacation, a single-family house right on the beach, would go up to 50,000 pesos (around $2,800) and even more for larger houses.In Playa del Carmen, if you look for rentals in the northern end of town (8 to 10 minutes away from downtown by car), you can get a nice single-family, 3-bedroom house...
The average cost to rent a single-family house here in the Quintana Roo area in the Yucatan Peninsula is about 20,000 pesos (around US 1,100). If you’re renting more for a vacation, a single-family house right on the beach, would go up to 50,000 pesos (around $2,800) and even more for larger houses.In Playa del Carmen, if you look for rentals in the northern end of town (8 to 10 minutes away from downtown by car), you can get a nice single-family, 3-bedroom house in a gated communities for about 20,000 pesos (around US 1,100) a month. There is a nice project here that we consulted upon. They have a lazy river pool in the backyard and two to three bedroom, very comfortable homes, which are practical for the American and Canadian snowbirds. The distance to the beach is not very far, 5 to 10 minutes and they’re right on the beautiful Mexican Caribbean. There are lots of people who have bikes and golf carts. Some rentals come furnished and some are non-furnished. The houses that go for 20,000 pesos (around US 1,100) are usually furnished and 15,000 pesos ($870) for non-furnished ones. These are all long-term rentals so utilities are not included in the rent.
If you go to Tulum, which is south of Playa del Carmen, you could rent a single-family home for about 11,000 pesos (about US $630) in downtown Tulum, to about 25,000 pesos (around $1,400). If you go inside the Aldea Zamá, the rent is usually 25,000 pesos (around $1,400) in a gated community. Tulum is a beautiful little pueblo or village. The population there is about 28,000, and you will see a lot of Europeans living there along with Mayans and Mexicans. It has a very nice atmosphere. Tulum is cheaper by about 15% to 20% compared to Playa del Carmen.
(Rental home, Costa Maya, Yucatan, Mexico, pictured.)
Posted April 22, 2016
Andy James
The cost of rent in the Yucatan varies. If you want to be in the really posh areas in the Mayan Riviera, it’s going to be five times of what it costs in downtown Chelem. I would answer that question by saying how much does it cost to rent a house in New York? It totally depends. For example, you can rent a nice home in downtown Merida with a couple of bedrooms and lots of charm for about $700 - $800 per month.
In the...
The cost of rent in the Yucatan varies. If you want to be in the really posh areas in the Mayan Riviera, it’s going to be five times of what it costs in downtown Chelem. I would answer that question by saying how much does it cost to rent a house in New York? It totally depends. For example, you can rent a nice home in downtown Merida with a couple of bedrooms and lots of charm for about $700 - $800 per month.
In the beach areas, the cost of rent is usually less, depending on the beach area. For example, if you go up to Progreso and Chelem, the cost of rent would probably be 20-30% less, but if you go over to Tulum, the cost of rent would possibly be up to 2 or 3 times more. It would be completely normal in Tulum if you wanted to rent a house, especially in the season, and the rent would be a couple of thousand dollars, depending on the ocean view.
(Beach house in Chelem, Yucatan, Mexico, pictured.)
Posted February 10, 2017