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Mexico – Property Rental Prices

Mexico is a popular destination for expats and offers a variety of rental options to suit different budgets and preferences. The following are some typical rental prices in areas popular with expats in Mexico.

  • Mexico City: Mexico City is the largest city in Mexico and one of the most popular destinations for expats. Rental prices in Mexico City can range from around 7,000 MXN (approximately $360 USD) per month for a studio apartment to 15,000 MXN (approximately $780 USD) or more for a two-bedroom apartment in a prime location.

  • Guadalajara: Guadalajara is a popular city for expats, known for its rich cultural heritage, colonial architecture, and vibrant nightlife. Rental prices in Guadalajara are generally lower than in Mexico City, with studio apartments starting from around 5,000 MXN (approximately $260 USD) per month and two-bedroom apartments starting from around 8,000 MXN (approximately $420 USD) per month.

  • Cancun: Cancun is a popular tourist destination known for its beaches, nightlife, and water sports. Rental prices in Cancun are higher than in other parts of Mexico, with studio apartments starting from around 8,000 MXN (approximately $420 USD) per month and two-bedroom apartments starting from around 15,000 MXN (approximately $780 USD) per month.

  • Playa del Carmen: Playa del Carmen is a popular beach town located on the Caribbean coast of Mexico. Rental prices in Playa del Carmen are similar to those in Cancun, with studio apartments starting from around 8,000 MXN (approximately $420 USD) per month and two-bedroom apartments starting from around 15,000 MXN (approximately $780 USD) per month.

Rental Caps in Mexico

There are currently no rental caps in place in Mexico. The rental market in Mexico is largely unregulated, with landlords and tenants negotiating the terms of their rental agreements on their own.

Deposit When Renting in Mexico

When renting in Mexico, it is typical to pay a deposit, which is usually one or two months’ rent. The deposit is typically used to cover any damages or unpaid rent at the end of the tenancy. The deposit must be returned to the tenant at the end of the tenancy, provided that the tenant has fulfilled their obligations under the rental agreement and there are no outstanding debts or damages.

The rules for the return of the deposit at the end of a tenancy are usually agreed between the landlord and the tenant, but there are some general guidelines that are commonly followed. The deposit should be returned within a reasonable time after the tenancy has ended, usually within 30 to 60 days. If the landlord intends to withhold part of the deposit, they must provide the tenant with a detailed explanation of the reasons for withholding the deposit and the amount being withheld.


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Price and Availability of Rentals in Mexico

The price and availability of rentals in Mexico can vary throughout the year, depending on a number of factors, including the season, demand, and supply.

  • Season: During the peak tourist season, which runs from November to April, rental prices in tourist destinations such as Cancun, Playa del Carmen, and Puerto Vallarta tend to be higher due to increased demand. On the other hand, during the low season, rental prices tend to be lower due to decreased demand.

  • Demand: The demand for rentals in Mexico can be influenced by factors such as the level of economic activity, the number of tourists, and the number of expats living in the area. In areas with high levels of


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