Rent Increases in Mexico City: What You Need to Know

Key takeaway: Rents in Mexico City are rising, with some neighborhoods seeing increases as high as 15.5%. This could significantly impact expats and digital nomads living in certain boroughs.

What’s Changing

The average rent for a two-bedroom apartment across Mexico City is now 21,921 pesos (about $1,292 USD) per month, marking a 9.6% increase from the previous year. This trend is particularly pronounced in certain boroughs, with some seeing rent hikes as high as 15.5%. These increases are driven by gentrification and rising living costs.

What It Means for Residents

The increase in rent varies significantly across different boroughs. For instance, the Cuauhtémoc borough, which includes popular neighborhoods like Roma and Condesa, has seen the highest increases. A two-bedroom apartment there now costs an average of 29,149 pesos (about $1,719 USD) per month, up 13.7% from the previous year. This can be a significant burden for expats and digital nomads, who often have fixed incomes and may struggle to keep up with the rising costs.

Breaking It Down by Borough

• Cuauhtémoc: 29,149 pesos (about $1,719 USD), up 13.7%
• Miguel Hidalgo: 27,786 pesos (about $1,642 USD), up 10.1%
• Cuajimalpa: 21,355 pesos (about $1,262 USD), up 9.9%
• Benito Juárez: 20,486 pesos (about $1,208 USD), up 6.9%
• Álvaro Obregón: 20,016 pesos (about $1,180 USD), up 9.7%
• Coyoacán: 17,306 pesos (about $1,020 USD), up 15.5%
• Azcapotzalco: 17,306 pesos (about $1,020 USD), up 15.5%
• Tlalpan: 13,607 pesos (about $802 USD), up 15.5%
• Gustavo A. Madero: 13,424 pesos (about $791 USD), up 8.3%
• Venustiano Carranza: 13,021 pesos (about $768 USD), up 5.3%

Residents in neighborhoods like Condesa and Roma, which are popular among expats and digital nomads, may find it increasingly challenging to maintain their quality of life as rents continue to rise. The impact of these increases could be particularly felt by those who are not earning in pesos or those who are on fixed incomes.