±Get Our Free Expat Guide
±Compare Expat Providers
±Expat Focus Partners
· New Expat? Don't Become A Victim Of Bad Financial Advice
· Expat Focus Financial Update 22 Apr 2016
· Expat Focus Financial Update 13 Apr 2016
· Don't Let Property Investing Become Too Taxing
· Expat Focus Financial Update 04/04/16
· Expats: Where To Earn The Best Money And Enjoy Life
· Why Your Brokerage Firm Is Freezing Your Mutual Funds (And What To Do About It)
· Save Or Invest? How Expats Can Beat Low Interest Rates
· Interview With Simon Hilton, Foreign Exchange Specialist
Renting PropertyBack to top Back to main Skip to menu
Costa Rica - Renting Property
A security deposit will be agreed upon between the landlord and tenant, but typically a landlord will ask for the value of one month’s rent as a deposit. There is no legal maximum for a security deposit but if a landlord is asking for advance payment this is limited to one month. Once a contract expires it is automatically renewed for a further 3 years unless the landlord provides 3 months’ notice that the contract will not be renewed.
Short term rental contracts and holiday rentals are widely available and these can be payable on a monthly, weekly or nightly basis. Many short term rentals will not require a security deposit – check this when agreeing your stay with the landlord. Short term rentals are a great option for exploring the country and getting a feel for its different locations and landscapes before choosing a single location to settle in. If you have found a vacation rental that you like the look of but are looking to stay longer term then you may be able to negotiate a cheaper rental rate for staying longer.
A rental advertised as ‘fully furnished’ will normally include all major appliances and furniture. However it is always advisable to check the full details as it is not unknown for a furnished apartment to be missing appliances and/or key pieces of furniture. Similarly, if a property is advertised as unfurnished it may or may not include major appliances so you will need to check with the landlord. In most rental properties in Costa Rica it is likely that the landlord will own the telephone line, meaning they can control it and turn off facilities like inbound and outbound international calling.
Rental prices can vary widely depending on location. You can expect to pay from $1000 per month upwards for a 1 bed flat in one of the bigger cities. In more isolated rural regions you can typically find properties to rent from $100 per month upwards for a 1 bedroom flat or $500 per month upwards for a 3 bedroom house. Renting is often a much cheaper option than purchasing property.
The best place to search for rentals is on the internet, with hundreds of websites providing long and short term letting. Costa Rica also has plenty of English speaking rental agents whom you may wish to visit in person and classified sections of local newspapers can be a useful source for finding rental properties. When selecting a location for a rental property it’s important to think about the local amenities that are available to you, such as hospitals or supermarkets. Some rural areas in Costa Rica can be very isolated and a long way from basic amenities.
It is useful to bear in mind that many foreigners who relocate to Costa Rica return to their country of origin within the first 12 months, so it can be advisable to rent a property for your initial entry into the country and then make a decision as to whether you want to opt for something more permanent.
Expat Health Insurance Partners
At Bupa we have been helping individuals and families live longer, healthier, happier lives for over 60 years. We are trusted by expats in 190 different countries and have links with healthcare organisations throughout the world. So whether you're moving abroad for a change of career or a change of scene, with our international private health insurance you will always be in safe hands.
Cigna has worked in international health insurance for more than 30 years. Today, Cigna has over 71 million customer relationships around the world. Looking after them is an international workforce of 31,000 people, plus a network of over 1 million hospitals, physicians, clinics and health and wellness specialists worldwide, meaning you have easy access to treatment.