Palermo is the Buenos Aires neighborhood most foreign buyers start with: green, walkable, full of cafés, and with the deepest rental demand from long-stay visitors. Apartments averaged USD 3,437 per m² in August 2026, about 40% above the city average. The sub-area and the building matter more than the Palermo name.
Last updated September 24, 2026 · Part of the Argentina regions
Palermo sub-areas compared
Palermo is the largest neighborhood in the city, and its informal sub-areas feel very different. Buyers should shortlist by street, not by the Palermo label.
| Sub-area | Character | Good for |
|---|---|---|
| Palermo Soho | Low-rise streets, boutiques, bars, weekend crowds | Short and mid-term rentals, lifestyle buyers who want nightlife |
| Palermo Hollywood | Restaurants and media studios, more new buildings | Rental-ready new-build units |
| Palermo Chico | Embassies, mansions, quiet tree-lined streets | High-end, larger apartments, security |
| Palermo Botánico | Next to the Botanical Garden and zoo, classic buildings | Families and long-term living |
| Palermo Nuevo / Las Cañitas | Towers near the polo field and parks | Amenity buildings, views, parking |
Prices in Palermo
According to the Zonaprop index, Palermo apartments averaged USD 3,437 per m² in August 2026, against USD 2,476 for the whole city. Houses in Palermo averaged about USD 3,378 per m², the highest in the city. New buildings with amenities and parking trade above the average, while older walk-ups can be well below it. See the Buenos Aires market report for other neighborhoods.
Rental demand
Palermo attracts the largest share of foreign visitors and digital nomads, which supports furnished monthly and short-term rentals. Before relying on that income, check the building's rules on temporary rentals, the city's tourist rental registry, and the tax side explained in rental rules for foreign owners.
What to check in a Palermo building
Most problems come from the building, not the apartment.
- Monthly expenses (expensas) and what they cover: doorman, pool, gym, security.
- Building regulations (reglamento de copropiedad) on short-term rentals.
- Noise: many streets in Soho and Hollywood are busy until late at weekends.
- Pending special assessments for facade, elevator, or water-tank works.
- For new builds: final works certificate, and whether each unit has its own title deed.
Questions buyers ask
How much does an apartment in Palermo cost?
Palermo averaged USD 3,437 per m² in August 2026 (Zonaprop), so a 50 m² one-bedroom is typically in the USD 150,000–190,000 range depending on building and sub-area.
Is Palermo a good place to buy for rental income?
It has the deepest demand from foreign visitors in Buenos Aires, but returns depend on the building's rental rules, furnishing, management, and taxes. Model the net figure, not the gross nightly rate.