By Jaylan Boyle, Senior Contributing Reporter

RIO DE JANEIRO – As property continues on a steep upward trajectory in Rio, we decided to take a look at what can still be had in some of the city’s best known neighborhoods for around R$300,000 (US$167,926). As most urban Cariocas tend to live in apartments, we’ve focused on this sector of the market, with Leblon excluded due to the price band, which will be increased in part two of the series. Prices are compiled from zap.com

A typical apartment building on Rua Visconde de Piraja, Ipanema, where R$300,000 buys a small one-bedroom apartment, photo by Doug Gray.

Ipanema
Together with Leblon, one of Rio’s undisputed glamor neighborhoods. For many the heart of Zona Sul, Ipanema boasts a multitude of restaurants, bars and shopping, not to mention the gorgeous beach. Prices in this area reflect it’s desirability, and the buyer will struggle to find anything within the R$300,000 – R$350,000 range.

Example: A small one bedroom apartment on Rua Visconde de Pirajá, three blocks from the beach, costs R$350,000 and offers total usable area of  forty square meters, costing R$7,288 or US$4,070 per square meter.
View this apartment listing here.

Average apartment total area: 40 square meters (max. 45 sq/m, min. 40 sq/m).
Average price per square meter: R$8,000 or US$4,468.

Copacabana
There’s still, perhaps surprisingly, plenty of decent-sized apartments in this price range available in world-famous Copacabana. No introductions needed for this neighborhood really, save the presence of the emblematic beach of the same name, and the fact that it is served well by three Metro stations.

Example: A somewhat larger one bedroom apartment, though at the less desirable and somewhat seedy end of Copacabana on Rua Prado Junior is on sale for R$300,000, offering fifty square meters of total living area at R$6,000 or US$3,351 per square meter.
View this apartment listing here.

Average apartment total area: 52 square meters (max. 75 sq/m, min. 30 sq/m).
Average price per square meter: R$6100 or US$3,406 (max. R$8,500, min. R$4,500).

Typical high-rise apartment block in Flamengo, photo by Doug Gray.

Flamengo
Bordered by Botafogo, Catete and Laranjeiras, Flamengo is also rated as one of Rio’s upcoming neighbourhoods despite being one of its oldest, and is well worth considering as a slightly cheaper alternative to Ipanema and Leblon. The area is packed with attractive colonial architecture, and has great public transport routes.

Example: This one bedroom apartment on Rua Buarque de Macedo just one block from the beach and Flamengo Park is on the market for R$300,000, offering forty square meters total living space at R$8,333 or US$4,654 per square meter.
View this apartment listing here.

Average apartment total area: 49 square meters (max. 70 sq/m, min. 30 sq/m).
Average price per square meter: R$6,800 or US$3,799 (max. R$9,000, min. R$5,000).

Botafogo
Although still one of Rio’s most expensive bairros (neighborhoods), Botafogo is a lot cheaper than its more upmarket neighbors, Leblon and Ipanema. Comprising the area between two arterial roads, Rua Voluntários da Pátria and Rua São Clemente, Botafogo is recognized as one of the up-and-comers in Rio’s Zona Sul, as proven by the many new bars and stores opening in the area.

Example: A one bedroom apartment on Praia do Botafogo is on the market for R$300,000, moments from the Metro, Botafogo Praia shopping mall, and, of course, Botafogo Beach, offering 47 square meters total area at R$6,383 or US$3,573 per square meter.
View this apartment listing here.

Average total area: 52 square meters (max. 70 sq/m, min. 35 sq/m).
Average price per square meter: R$6400 or US$3,583 (max. R$9000, min. R$4400).

Tijuca
Sometimes referred to as the ‘Zona Sul of Zona Norte’, Tijuca is a sprawling and predominantly middle-class area, famous as the home of many of the city’s samba schools. Tijuca is still definitely a cheaper way onto the Rio property ladder, and although prices have risen steeply in recent years, families who need more than a studio apartment are especially well looked after in this price range. Plenty of well-appointed two-or-more bedroom apartments on offer make up for the relative isolation when compared to the likes of Ipanema.

Example: This two bedroom apartment on Rua José Higino is on sale at R$300,000. With a considerably more spacious ninety square meters total area at R$3,333 or US$1,861 per square meter, you get far more for your money, and still only fifteen minutes walk from the Metro.
View this apartment listing here.

Average apartment total area: 105 square meters (max. 150 sq/m, min. 80 sq/m).
Average price per square meter: R$2,900 or US$1,619 (max. R$3,800, min. R$2,000).


2 COMMENTS

  1. Hi Jaylan! Great series, thank you for doing this! Any chance you can do an article for even lower prices (say R$200,000)… can anything be found near a metro stop for this much? Or perhaps about office space? Thanks again!

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