Rent in Rio: Leblon has the most expensive m²; Centro records highest appreciation in 12 months

Those looking for a property to rent in Rio will find significant differences between the city's neighborhoods. A survey by Data Secovi shows that Leblon remains the most expensive neighborhood for rental square footage in the capital, while the downtown area (Centro) recorded the highest appreciation over the last 12 months.

Check out the main rankings:

Neighborhoods with the most expensive rent in Rio

Leblon leads the list, with the square meter for rent at R$ 129.10. Right behind are Ipanema and Lagoa. Among the ten most expensive neighborhoods to rent, eight are in the South Zone (Zona Sul).

Neighborhood/ Value per m² Leblon R$ 129.10 Ipanema R$ 124.97 Lagoa R$ 89.64 Jardim Botânico R$ 82.20 Barra da Tijuca R$ 82.06 Gávea R$ 79.60 Copacabana R$ 77.04 Botafogo R$ 76.36 Flamengo R$ 62.79 Centro R$ 58.15

Where rents rose the most in one year

Comparing the last 12 months, the downtown area (Centro) had the highest rental appreciation: 34.9%. Following it are Jardim Botânico, Lagoa, and Botafogo. Six of the ten neighborhoods with the highest increases are in the South Zone. Vila Isabel, Barra da Tijuca, and Taquara also appear among the highlights.

Neighborhood / 12-month increase Centro 34.9% Jardim Botânico 31.7% Lagoa 26.1% Botafogo 21.9% Vila Isabel 18.5% Copacabana 17.9% Ipanema 15.4% Barra da Tijuca 13.6% Taquara 12.8% Flamengo 12.3%

Sales appreciation was much lower

While rents accelerated, properties for purchase recorded a more moderate increase. Only five neighborhoods had appreciation above official inflation (IPCA of 4.64%) in the analyzed period.

Neighborhood / 12-month increase Centro 6.9% Laranjeiras 6.4% Copacabana 5.9% Flamengo 5.6% Leblon 5.2% Gávea 4.2% Barra Olímpica 3.9% Botafogo 3.8% Barra da Tijuca 3.5% Jardim Botânico 2.9%

The most expensive neighborhoods to buy a property

In sales, Leblon also leads the ranking. The square meter exceeds R$ 26,000, the highest value in Rio and one of the highest in the country.

Neighborhood/ Value per m² Leblon R$ 26,017 Ipanema R$ 24,596 Gávea R$ 17,358 Lagoa R$ 16,936 Jardim Botânico R$ 15,508 Barra da Tijuca R$ 14,689 Botafogo R$ 13,318 Copacabana R$ 12,364 Flamengo R$ 11,701 Laranjeiras R$ 10,668

Rents soared much more than sales

Over the accumulated last three years, rents advanced 38.09%, while property selling prices rose 11.34%, according to the FipeZAP index. The difference helps explain why finding a property to rent has become more expensive even with the slower appreciation of properties for sale.