Inquiry concerning garage rental costs in La Plata
In the bustling city of La Plata, the capital of the Province of Buenos Aires, the rental market for garages is a growing area of interest for investors. However, specific data on garage rental costs and yields in La Plata have been hard to come by, making it challenging to accurately gauge the potential returns of such investments.
Recent data on housing prices in Argentina reveals that Buenos Aires is one of the more expensive areas, with apartments averaging approximately ARS 282,744 per square foot, and houses around ARS 139,209 per square foot [1]. La Plata, while a city near Buenos Aires, is not explicitly listed in the available data, leaving a gap in understanding the garage rental prices and yields in this area.
Typically, garage rentals tend to be priced lower than full residential properties, and yields can vary based on the specific neighbourhood, accessibility, and demand in the area. In the heart of La Plata, garages within developments are quoted between US$30,000 and US$35,000, while in the outskirts, an uncovered garage with 6 years of antiquity is rented for $40,000 with no additional expenses [2].
Garages located in buildings designed exclusively for that purpose in La Plata are rented between $70,000 and $90,000 per month, and garages in residential buildings range from $40,000 to $60,000 per month [3]. For instance, a new, uncovered garage of 12 m2 is offered for rent in the heart of CABA for $50,000 per month, with additional $20,000 in expenses, while a covered garage of the same size near the La Plata Hippodrome is available for $35,000 [4].
A 15 m2, semicovered garage with 10 years of antiquity is offered for rent near Plaza Italia in CABA for $60,000 plus $15,000 in expenses [5]. Interestingly, the rental values of garages in CABA are located between $80,000 and $150,000 per month [6].
Location plays a significant role in determining the value of a garage, considering both the condition of the building and the area in which it is located. Garages require less maintenance than apartments, making them an attractive investment option. The key to a profitable garage investment lies in the type of expenses each garage pays [7].
It is worth noting that the return on investment for apartments in La Plata has been on the rise. In the last year, the return on investment increased from 4.24% in July 2024 to 5.37% in May 2025 [8].
For a more accurate estimate of garage rental costs and yields in La Plata, it would be advisable to consult local real estate listings or agents who specialize in the region's property rentals. Local data or real estate platforms focusing on La Plata would be necessary to provide precise figures on garage rentals and their investment returns.
[1] Source: National Institute of Statistics and Censuses of Argentina (INDEC) [2] Source: Real Estate Investments La Plata [3] Source: Real Estate Investments La Plata [4] Source: Real Estate Investments La Plata [5] Source: Real Estate Investments La Plata [6] Source: Real Estate Investments La Plata [7] Source: Real Estate Investments La Plata [8] Source: Real Estate Investments La Plata
The lack of specific data on garage rental costs and yields in La Plata, despite its growing interest among investors, highlights the need for local real estate listings or agents who specialize in the region's property rentals for a more accurate estimate. Additionally, the rising return on investment for apartments in La Plata underscores the potential for profitable personal-finance opportunities in the real-estate market of La Plata, Argentina.
