Called “the City of Eternal Spring,” Medellin is a beautiful place to live in. It’s a fast-developing city with an ideal climate, myriad attractions, and very welcoming locals. Many of those who came to visit Medellin just for a few days as tourists could not resist its charm and decided to make this city their new home.
For many decades, Medellin had a reputation as a dangerous city with an extremely high level of crime. However, things have changed a lot since then, and foreigners flock to the city to experience its culture and stunning surrounding nature. Many are drawn by the low cost of living and renting an apartment in Medellin, which makes the city especially attractive for expats working remotely. Also, this city boasts excellent coworking spaces and coffee shops and has fast and stable Wi-Fi, which makes it only more appealing to digital nomads. Wonder if there are any cons to know about in advance? People admit there are problems with the traffic, air quality, and constant smog, which is common in many larger cities. But, overall, people who decide to move here stand by their decision and enjoy a pleasant and fulfilled life. The average rent in Medellin is around $800 for a two-bedroom apartment in a nice neighborhood. And, if you’re a newcomer to the city, we recommend you consider finding a rental in areas such as El Poblado, Laureles, or Envigado.
As we’ve mentioned before, over the past years, Medellin has become a fast-developing city with immense potential. Undoubtedly, that attracts the attention of many local and foreign businesses and investors. Now, Medellin is one of the country’s main economic centers, and its metro area contributes 11% percent to the total GDP of Colombia. Some major sectors include energy, health, construction, and software. So, if you specialize in one of these industries, it will be easy for you to find a job in this city and start your new life here. Of course, you can also work in an international company and become a digital nomad — Medellin has an amazing infrastructure for remote workers. And, regardless of the career strategy you’ll choose to pursue, Rentberry’s here with our wide selection of apartments for rent in Medellin when you decide to move here.
The City of Eternal Spring is a place where you can expect perfect weather any season of the year. Generally, the city has a tropical rainforest climate, so there are no temperature extremes, and the weather is always mild. The average annual temperature here is 72 °F (22 °C), and it does not change much throughout the year, with January and June staying within the same temperature. The average low temperature is around 63 °F (17 °C), and the average high temperature in Medellin is around 82 °F (28 °C). Having a tropical climate, the city has two rainy seasons a year: one is usually in April and May, and the second starts in September and lasts till November.
Gorgeous nature is another trump card of Medellin and something that cannot be disregarded when talking about this city. Medellin is based at the foot of the Andes and combines the best of the surrounding rainforests and nearby mountains. This place is great for weekend trips to the mountains or nearby nature reserves. It will be perfect for any lovers of hiking and biking, and all those who enjoy spending time close to nature. Check out Jardin Botanico de Medellin, Parque de El Poblado, and Cerro El Volador Natural Park if you want to stay close to the city center. Or, set aside the whole day and explore Parque Arvi, La Laguna Encantada, or Parque Comfama Guatape.
|Apr||vs Last Month|
|Studio apartments||COP 5,154,822||+83.2%|
|1-bed apartments||COP 7,452,982||+171.1%|
|2-bed apartments||COP 7,505,341||+154.7%|
|3-bed apartments||COP 8,787,924||+135.3%|
|4+ bed apartments||COP 46,808,732||+509.4%|
Over the April 2023, the average rent for an apartment in/near Medellín, Medellin, Antioquia, Colombia increased by 282.8% to COP 15,052,195.
Compared to the last month, the average price for a rental studio in Medellín, Medellin, Antioquia, Colombia has increased by 83.2%. You can expect to rent the studio for COP 5,154,822 on average this month. Breaking it down in details, we now see that the average price for 1-bed apartment increased by 171.1% to COP 7,452,982. Pricing for 2-bed apartment also increased by 154.7% and a place of this size will now cost you COP 7,505,341. 3-bed apartment rent pricing starts at COP 8,787,924, it increased by 135.3% lately. We tend to note the rise of 4- and more bed apartment pricing. It increased by 509.4% and made it up to COP 46,808,732.
Rent Type Price
|Apr||vs Last Month|
|Houses for rent||COP 29,245,045||+362.5%|
|Apartments for rent||COP 11,037,714||+216.8%|
|Townhouses for rent||COP 7,492,985||N/A|
|Condos for rent||COP 15,345,318||N/A|
The median rent for an apartment in Medellín, Medellin, Antioquia, Colombia increased by 216.8% to COP 11,037,714. Statistics show that house rent price increased by 362.5% this month making it up to COP 29,245,045. Condo for rent is now available for the same pricing as previously — COP 15,345,318. If you’re looking for a room, the price tag still starts at COP 896,899. The median price did not change this time. Townhouse rent pricing didn’t change, the price still starts at COP 7,492,985.
As we mentioned before, Laureles-Estadio is one of the most liveable areas in the city. Thankfully, with rental prices lower than in the US or Europe, it should be pretty affordable for the newcomers too! The whole Laureles-Estadio Comuna is incredibly vast and consists of 15 different neighborhoods, so anyone can find exactly what they are looking for. Also, We would recommend renting in central Laureles, Florida Nueva, or Bolivariana if you only moved to the city. One of the most central-located areas, Laureles has plenty of things to do and see within a walkable distance. Finally, this is one of the safest areas in the city, so if you’re going to rent in Medellin with your family, it might be your best bet.
El Tesoro is a popular and upscale neighborhood in Medellin, and it’s a part of El Poblado Comuna. This area will be a perfect choice for those who are looking for an international crowd and a convenient location near restaurants, bars, and clubs. Right next to this neighborhood, you can find a large shopping center — Mall Del Este, where you can purchase everything you need for your everyday life, find both fast food and upscale restaurants, and services such as money exchange or tailor. But, the trump card of living in El Tesoro is its gorgeous views of the city, which makes this district an excellent place to rent for those who only recently have moved to Medellin. Here, you can mostly expect to rent an apartment in a high-rise building, as this is the most common type of housing around this area.
Located in lower Poblado, Manila is another pleasant area to rent a place in Medellin, especially if you’re new to the city. Over the last few years, it has rapidly grown in popularity and is now one of the trendiest neighborhoods in the city. Here, you can find many small restaurants and cafes offering both local and international cuisine, plenty of grocery stores, and a larger shopping mall: everything you need for a comfortable everyday life. What’s more, it is very well communicated to the rest of the city and offers excellent transportation options. This is an area that was able to preserve its traditional charm, and rentals in Manila are mostly located in single-family houses. You can opt for renting the whole house or search for only one room; everything depends on your preferences and financial situation.
Patio Bonito is a popular El Poblado neighborhood in Medellin for expats due to its central location and proximity to many amenities. In many ways, Patio Bonito is similar to the neighboring Manila: it is safe, attracts an international crowd, and offers a high quality of life for a reasonable cost. Renting in Patio Bonito would be a perfect choice for you if you’re looking for a life in a green and peaceful area with lots of cozy cafes and coworking spaces and great access to the city center. Rental properties in this area include older traditional housing as well as some new residential complexes.