How to Rent an Apartment in Asunción

By Paraguay Now Editorial Team · Updated 2026-08-20

A hand signing a rental contract next to a set of apartment keys
Contents

Renting in Asunción is straightforward once you know the local rules. The main differences from what you may be used to are the guarantor requirement on long leases and the split between furnished short-term and unfurnished long-term markets.

Furnished short-term vs unfurnished long-term

There are really two markets. Furnished short-term rentals are move-in ready, flexible, and usually skip the guarantor, at a higher monthly price. Unfurnished long-term leases are cheaper per month but ask for a longer commitment, a deposit, and often a local guarantor. New arrivals almost always start furnished.

What you will need

  • A deposit, typically one to two months' rent.
  • For long unfurnished leases, a local guarantor or an accepted alternative.
  • ID / passport and the signed contract.
  • Budget for utilities on top, around 70 to 110 USD a month for one person.

Finding listings

Listings live online and through local agents. Photos can be optimistic and the best places move fast, so viewing in person (or having someone view for you) matters. Prices are negotiable more often than the listing suggests.

The smart sequence

Land, take a furnished short-term rental, spend a few weeks learning the neighborhoods in person, then sign a long-term lease where you actually want to live. Trying to lock a year-long unfurnished contract from abroad, sight unseen, is how people end up in the wrong area. If you would rather not handle contracts and guarantors in Spanish alone, a local partner smooths the whole thing.

Frequently asked questions

How do you rent an apartment in Asunción?
Find listings online or through a local agent, view in person, then sign a contract and pay a deposit of one to two months' rent. Long unfurnished leases often require a local guarantor; furnished short-term rentals are more flexible for newcomers.
Do you need a guarantor to rent in Paraguay?
For long-term unfurnished contracts, often yes, a local guarantor or an additional guarantee is common. Furnished short-term rentals usually skip this, which is why most arrivals start there.