1-bedroom apartment in Barranco, Lima: yields (2026)
n = 1,440 Airbnb listings · 417 sale listings · source: urbania.pe + airroi · as of 2026-09-17 · methodology →
Barranco pays you more for the short let than the tenant, and the margin is real: roughly 7.8% on Airbnb against about 6.4% long-term. That is a gap of about 1.5 percentage points, and on a one-bedroom it is the difference between a property that carries itself and one that merely sits there.
Both of those are gross. The long-term figure subtracts property tax, arbitrios, rental income tax and a 3% vacancy allowance, and it leaves mantenimiento alone because in a Lima long-term let the tenant pays that. The Airbnb figure subtracts the platform fee, host-paid utilities and internet, income tax, mantenimiento, property tax and arbitrios. Neither side carries furnishing, cleaning, turnover or a management fee, because you self-manage both.
That last point is where the Airbnb case gets uncomfortable. You are the one answering messages, restocking, and handling the guest who checks out at 6am. The long-term let is a tenant, a contract and a deposit. You give up roughly 1.5 percentage points of gross yield for a great deal less of your own time.
Who it suits: if you are in Lima, or have someone reliable here, and you want the higher number, the short let is the stronger play at this size. If you are buying from abroad and will not be on the ground, take the tenant. The gap is not wide enough to pay for the work you would otherwise be doing yourself.
One caveat on the data. These are gross yields for a one-bedroom in Barranco, and they move with the market. Treat them as a starting point for your own numbers, not a promise. Not investment advice.