Making the decision to move alone to become independent is a very important step, but while defining the future of the Rental Law, finding an apartment and complying with the requirements requested by real estate agencies can be an odyssey in Argentina.
However, in the current inflationary context, the biggest barrier to entry is the costs associated with the decision or need to move. In addition to the monthly amount of rent, there are many extraordinary expenses that influence the final figure and condition from the choice of the neighborhood to the comforts of housing.
Considering this idea may generate more doubts than certainties. Here are some important things to keep in mind before making a decision.
Rental prices increased by 10.8% in the month of May. Photo: Archive.
What is the current situation of the real estate market?
According to a survey carried out based on the notices published on the real estate portal Zonaprop, rental prices increased by 10.8% in the month of May. In 2023 the average price of new contracts rises by 53.2%, above inflation (41.9%).
The price variation registered in the last 12 months (136.3%) is the maximum recorded since the beginning of the series (2012), higher than inflation (113.8%).
The average rental value of a studio apartment in CABA is $ 116,249 per month. Meanwhile, a two-room apartment reaches $ 142,425 per month and a three-room unit and 70 m2 is rented for $ 185,196 per month.
How much does it cost to rent a studio apartment of 42 m2 in the most sought after neighborhoods?
- Palermo $ 153,930
- Belgrano $ 153,560
- Recoleta $ 152,950
- Almagro $ 131,450
- Villa Urquiza $ 127,870
- Withdrawal $ 117,640
- Horse $ 115,920
- Flowers $ 109,580
- Balvanera $ 108,200
- San Nicolas $ 105,320
- Villa del Parque $ 103,580
The average rental value of a studio apartment in CABA is $ 116,249 per month. Photo: Andrés D'Elía.
What are the basic requirements for signing a rental agreement?
You have to have:
Proof of income (last three pay stubs).
- Rental guarantee: This can be a guarantor's title deed or surety insurance.
How much money do you need to rent in CABA?
According to a report by Focus Market, you have to raise around $ 360,000 to enter a studio apartment with a minimum monthly rent of $ 90,000, a figure that increases according to the particular area in the most required neighborhoods of Capital Federal. This initial outlay includes:
- $90,000 one-time deposit
- $90,000 in advance
- $180,000 warranty fee (surety insurance)
But to the general expenses to take into account when living alone for the first time you must add the extra expenses such as expenses, basic services and internet, since these are also subject to increases due to inflation. In addition, take into account the purchase of furniture and basic appliances such as refrigerator, bed, sofa bed, kitchen utensils, among others.
You have to raise $ 360,000 to enter a studio apartment. Photo: Archive.
How much money do I have to calculate to pay for services?
tag. Basic services: it is estimated that between gas, electricity and water in the average monthly consumption can add up to between $ 2,000 and $ 2,500.
tag. Cable + Internet: although they are not recognized among the basic needs, today it is essential especially for those who work from home. The average cost of this service ranges from $ 10,000.
How much does it cost to equip the house?
The most necessary elements when moving are (at least):
bed
Table and chair set
- refrigerator
How much does each cost? According to a survey in Mercado Libre, a dining set of table and 4 standard aluminum chairs varies between $ 60,000 and $ 100,000.
The average price of refrigerators (No Frost of 303 Lt) on the online platform is $ 230,000.
While the price of a sofa bed is between $ 150,000 and $ 200,000, a sommier with the mattress (two seats 190 x 140 cm), costs on average $ 150,000.
To the general expenses, we will have to add the expenses, the basic services and the internet. Photo: Archive.
Going to live alone: what other aspects should be taken into account?
As highlighted by Zonaprop, there are certain aspects to consider before going out to look for an apartment to rent and adjust costs:
tag. Area and type of property: Once you have worked out what your budget is, it is important that you think about what areas you would like to live in, what type of property you want, what amenities and how many environments you need.
Of course, your desires will also be conditioned by your income, so it is important to know the current prices of the real estate market, which vary according to the neighborhood and the level of comfort offered by the property.
tag. Advantages of PH when considering going to live alone: it is important to keep in mind that PH (Horizontal Property) does not pay expenses, which can be a significant advantage for those looking to live in a larger space without having high monthly expenses, as in some apartments that do have expenses.
This information may be unfamiliar to many young people and makes PH an attractive option for those looking for housing with a lower monthly cost.
tag. Importance of security measures: an important detail that has become increasingly important in recent times is security. Many people seek to know if the properties have alarms or security cameras, or if the buildings have private surveillance.
This has become a differential factor when choosing where to live, since security is a relevant concern for many people.
LN
See also
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