1-bedroom apartment in San Isidro, Lima: yields (2026)
n = 931 Airbnb listings · 993 sale listings · source: urbania.pe + airroi · as of 2026-09-17 · methodology →
For a 1-bedroom in San Isidro, the gross numbers point one way: about 6.7% long-term against roughly 10.0% on Airbnb. That is a gap of about 3.1 percentage points, and on this size it is the widest I have seen in the district. If you are deciding between a tenant and short-term lets, the short-term side is the stronger play on paper.
The long-term figure subtracts property tax, arbitrios, rental income tax and a 3% vacancy allowance. It does not subtract mantenimiento, because in a Lima long-term let the tenant pays that, not the landlord. You self-manage, so no management fee is taken off either. What you are left with is a fairly clean net number, and 6.7% gross is not bad for a district where prices are not cheap.
The Airbnb figure subtracts the platform fee, host-paid utilities and internet, income tax, mantenimiento (the host pays it here - no guest reimburses them), property tax and arbitrios. That is a heavier cost list, and it is why the gross gap narrows once you net it out. Still, even after those deductions, the short-term side tends to come out ahead for a 1-bed in San Isidro, provided you actually keep it booked.
Who does this suit? Someone who lives in Lima or visits often, because self-managing an Airbnb in San Isidro means dealing with check-ins, cleaning coordination and guest messages. A long-term tenant is less work and a steadier cheque, but you give up the extra yield. If you are buying remotely or do not want the operational drag, the long-term let is the more sensible choice despite the lower number.
The catch with the Airbnb route is that the gross figure assumes good occupancy and pricing. If you run it poorly, you can easily land below the long-term net. The 10.0% is a gross yield, not a promise. For a 1-bed in this district, the short-term play is stronger, but only if you treat it as a job, not a passive investment.