Lima Rent Levels for Foreign Tenants in 2026
Lima's average rent for a 100-square-metre three-bedroom flat was S/3,356, about US$979, in April 2026, according to Urbania. Prices ranged from roughly US$462 in Los Olivos to about US$1,506 in San Isidro's financial zone. Since 2023, landlords must ask foreign tenants for proof of regular migration status.
Lima's April 2026 rental benchmark for a 100-square-metre, three-bedroom flat was S/3,356, or roughly US$979, Urbania reported. The citywide figure had climbed 4.0% during the first four months of 2026. District-level costs varied sharply: Barranco and San Isidro each exceeded S/4,200, while Los Olivos Sur was the report's cheapest zone at S/1,583, about US$462.
San Isidro Financiero was the most expensive single zone at S/5,161, about US$1,506. Year-on-year increases included 9.5% in San Isidro and 9.3% in La Molina. Under Law 31689, published in February 2023, landlords must request proof of regular migration status from foreign renters and any foreign household members. Soles conversions use S/3.428 per US$1.
Foreign renters in Lima may face tighter budgets and more paperwork, especially in pricier districts such as San Isidro, Miraflores and Barranco. Landlords could spend more time verifying migration status under Law 31689, potentially slowing leases. Rising rents may also affect local tenants in central and coastal areas, though the figures describe average rents for a specific flat type rather than every household's experience. The rule's practical effect could depend on enforcement and on how landlords interpret documentation requirements.