Looking for an apartment or house to rent in Paraguay? Rental prices can vary considerably depending on the city, neighborhood, property size, building quality, furnishing, security, parking, and available amenities.
Asunción has the country's largest and most developed rental market and is generally the best place to compare different types of apartments and housing. Premium areas can be significantly more expensive than residential neighborhoods outside the main business districts.
The following ranges provide a general guide to apartment rental prices, particularly for the Asunción market. Properties in other Paraguayan cities can be cheaper, while newly built or luxury apartments in prime areas can cost considerably more.
| Property Type | Typical Monthly Rent | Approximate Market |
|---|---|---|
| Studio / 1 Bedroom | ₲2,000,000 – ₲4,500,000 | Asunción and major urban areas |
| 2 Bedroom Apartment | ₲3,000,000 – ₲6,500,000 | Mid-range to modern apartments |
| 3 Bedroom Apartment | ₲4,000,000 – ₲9,000,000+ | Depending on location and amenities |
| Family House | ₲4,000,000 – ₲12,000,000+ | Varies greatly by neighborhood |
| Room / Shared Accommodation | ₲1,000,000 – ₲2,500,000+ | Depending on location and facilities |
These are indicative ranges for planning purposes. Current listings can be below or above these figures depending on the property, neighborhood, furnishings, parking, security, and included services.
Asunción is the main rental market in Paraguay and offers the widest choice of apartments, houses, furnished properties, and modern residential developments.
According to current market data, a one-bedroom apartment in central Asunción is around ₲3.7 million per month on average, while one-bedroom apartments outside the city center average around ₲2.2 million. Three-bedroom apartments can average more than ₲6 million in central areas.
New developments and premium neighborhoods can command substantially higher prices.
| Neighborhood / Area | Typical 1-Bedroom Rent | Typical 2-Bedroom Rent |
|---|---|---|
| Villa Morra | ₲4,500,000 – ₲6,000,000+ | ₲6,500,000 – ₲9,000,000+ |
| Carmelitas | ₲4,000,000 – ₲5,500,000 | ₲6,000,000 – ₲8,500,000 |
| Las Carmelitas | ₲4,000,000 – ₲5,500,000 | ₲5,500,000 – ₲8,000,000 |
| Recoleta | ₲3,500,000 – ₲5,000,000 | ₲5,000,000 – ₲7,500,000 |
| Villa Aurelia | ₲3,000,000 – ₲4,500,000 | ₲4,500,000 – ₲6,500,000 |
| Trinidad | ₲2,500,000 – ₲4,000,000 | ₲4,000,000 – ₲6,000,000 |
| Other Residential Areas | ₲1,500,000 – ₲3,500,000 | ₲3,000,000 – ₲5,500,000 |
Premium apartments with swimming pools, gyms, security, parking, furnished interiors, and newer construction can exceed these ranges.
Asunción has experienced significant development of modern residential buildings, particularly around the city's main commercial and corporate areas.
Newer buildings often include amenities such as:
These facilities can increase monthly rent compared with older or more basic properties.
Renting outside Asunción can be more affordable, although prices vary significantly between cities and neighborhoods.
Apartments are particularly popular among professionals, students, couples, and foreigners living in Asunción. Houses can be more attractive for families who need additional bedrooms, gardens, storage, or private outdoor space.
Foreigners and people staying temporarily in Paraguay often choose furnished apartments because they can move in without purchasing furniture and household equipment.
However, furnished properties generally have higher rental prices than comparable unfurnished properties.
Rental requirements vary between landlords, property owners, and real estate agencies. Before signing a contract, ask exactly which documents and guarantees are required.
Depending on the property and landlord, you may be asked for:
Foreign residents should ask the landlord or real estate agency in advance whether additional documentation is required for non-Paraguayan tenants.
Paraguay has legal provisions governing leases and the responsibilities of landlords and tenants. The Paraguayan Civil Code establishes obligations concerning the use and maintenance of rented property, payment of rent, and other aspects of the landlord-tenant relationship.
For important legal matters, consult a qualified Paraguayan lawyer or real estate professional rather than relying solely on an online guide.
Rental properties can be found through real estate agencies, property websites, online classifieds, social media, and direct contact with landlords.
For a single person looking for a basic apartment, a rental budget of approximately ₲2 million to ₲4.5 million per month can provide options in different areas, although location and property quality make a major difference.
For a modern one- or two-bedroom apartment in a desirable part of Asunción, a budget of approximately ₲4 million to ₲7 million or more may be more realistic.
Families looking for larger apartments or houses in premium neighborhoods should expect significantly higher costs, particularly when parking, security, modern amenities, or furnishing are included.
| Rental Option | Indicative Monthly Budget |
|---|---|
| Budget room / shared accommodation | ₲1,000,000 – ₲2,500,000+ |
| Basic 1-bedroom apartment | ₲2,000,000 – ₲3,500,000 |
| Modern 1-bedroom apartment | ₲3,500,000 – ₲5,500,000+ |
| 2-bedroom apartment | ₲3,000,000 – ₲7,000,000+ |
| 3-bedroom apartment | ₲4,000,000 – ₲9,000,000+ |
| Premium family house | ₲8,000,000 – ₲18,000,000+ |
Rental prices vary considerably. In Asunción, basic apartments can start around ₲2 million per month, while modern apartments in popular neighborhoods can cost ₲4 million to ₲7 million or more. Luxury properties can be substantially more expensive.
Current market data indicates that one-bedroom apartments in Asunción can range from approximately ₲1.5 million to ₲4.5 million or more, with central and premium properties generally costing more.
Compared with many major cities in North America and Western Europe, Paraguay can offer relatively affordable rental options. However, premium apartments in areas such as Villa Morra and Carmelitas can be expensive relative to local incomes.
Lower-cost rental opportunities can generally be found outside the most expensive neighborhoods of Asunción and in some cities outside the capital. Prices vary significantly according to location, property condition, and local demand.
Asunción has the widest range of rental prices in Paraguay. Basic apartments can be relatively affordable, while modern apartments in premium areas can cost several million guaraníes per month.
Yes. Foreigners can rent residential properties in Paraguay, although landlords or agencies may request identification, proof of income, references, guarantees, or additional documentation depending on the circumstances.
For many newcomers, renting initially can be a practical option. It allows you to learn the neighborhoods, transportation options, climate, and local rental market before making a longer-term housing commitment.
The official currency of Paraguay is the Paraguayan guaraní (PYG). Rental advertisements may sometimes also be expressed in US dollars, particularly for certain properties or transactions, so always confirm the currency and payment terms stated in the contract.