Rent Prices in Asunción
Contents
Rent is the single biggest line in any Paraguay budget, and Asunción is where you feel the value most. Here is what apartments actually cost in 2026, by area, and what to expect around deposits and contracts.
Rent by apartment size
| Apartment | Good area (monthly, USD) | Premium area (monthly, USD) |
|---|---|---|
| Studio / 1-bed | 350 – 500 | 500 – 700 |
| 2-bedroom | 500 – 750 | 750 – 1,100 |
| 3-bedroom | 700 – 1,000 | 1,000 – 1,600 |
Newer buildings with a pool, gym and security sit at the top of each range. Older apartments, or the same size a little further out, come in noticeably lower.
Neighborhoods, briefly
- Villa Morra & Las Mercedes: the most desirable, walkable and priciest, full of restaurants, offices and modern towers.
- Recoleta & Carmelitas: central, green and popular with newcomers, good balance of price and location.
- Luque & Lambaré: more space for your money, quieter, a short drive from the center.
Deposits, contracts and what is included
Expect a deposit of one to two months' rent. Longer unfurnished contracts may ask for a local guarantor. Utilities (power, water, internet) are usually billed on top of rent and run 70 to 110 USD a month for one person. Furnished short-term rentals cost more per month but skip the deposit-and-guarantor friction, which is why most people just arriving start there before signing a longer lease.
Renting smart when you first arrive
The common mistake is signing a year-long lease before you know the city. A smarter path is a furnished short-term rental for the first month or two, use that time to learn the neighborhoods in person, then commit to a long-term place once you know where you actually want to live. If you would rather not navigate listings, contracts and guarantors in Spanish alone, a local partner who knows the market saves a lot of time and missteps.