Is long-term rental worth it in Barranco?
n = 417 sale listings · source: urbania.pe · as of 2026-09-17 · methodology →
Barranco long-term rental nets about 4.7% after costs, on a median asking price near $2,540 per m2. That is the whole answer, and it is not a spectacular one. If you want a number that flatters the district, this is not it.
The 4.7% is net. 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 you. You self-manage. The model does not subtract furnishing or fit-out, cleaning or turnover, or management fees, and neither should you when you read that number.
What you get for it is a tenant who stays and a phone that mostly stays quiet. That is the trade an owner makes here: modest but steady, and genuinely passive. The catch is that 4.7% is thin against what a well-run short-let can show in the same district, and thin against the effort of buying and fitting out at all.
The entry price is the other half of it. A median asking price near $2,540 per m2 is not cheap for Lima, and Barranco is not where you go to buy square metres at a discount. You are paying for the address, and the yield does not reward you for it.
Where the data is thin: these are asking prices and a modelled net yield, not closed transactions. Your actual return depends on the unit, the tenant and what you paid. Not investment advice.