Is long-term rental worth it in Pueblo Libre?
n = 201 sale listings · source: urbania.pe · as of 2026-09-17 · methodology →
Pueblo Libre nets about 5.1% on a long-term let, and that is the whole story in one number: modest, steady, and passive. You are not buying for excitement; you are buying for a tenant who pays the maintenance and leaves you alone.
The median asking price runs about $1,756 per square metre, which puts a typical 70 m² flat near $124,000. That is not cheap for the yield, but it is a district where the rental market is real and the numbers do not move much.
The long-term figure subtracts property tax, arbitrios, rental income tax, and a 3% vacancy allowance. It does not subtract maintenance because the tenant pays that. You self-manage, so no management fee either. What you give up is upside: no short-term premium, just a cheque each month.
If you are comparing to Airbnb, remember the short-term side subtracts more: platform fee, host-paid utilities and internet, income tax, maintenance, property tax, and arbitrios. The long-term yield here is what it is, and it is honest.
The caveat: 5.1% is a net figure, but it assumes you find a tenant and they stay. Vacancy is built in at 3%, which is thin for a market like Lima. If you are comfortable with that, Pueblo Libre is a boring, reliable hold.