What a square metre actually costs across 20 Rio neighbourhoods — to buy, to rent, and what the two together say about yield. Published figures from Secovi Rio and the FipeZAP index, with their reference dates shown.
Sale and rental values published by CEPAI, the research arm of Secovi Rio, for December 2025. The yield column is ours: monthly rent per m² divided by sale price per m², annualised. Click any column heading to sort.
| Neighbourhood | Zone | Buy R$/m² | Approx. US$/m² | Rent R$/m²/mo | Gross yield | 12-month change |
|---|---|---|---|---|---|---|
| Ipanema | South Zone | R$24,271 | $4,453 | R$117.66 | 5.82% | +5.9% |
| Leblon | South Zone | R$24,939 | $4,576 | R$115.03 | 5.53% | +3.9% |
| Gavea | South Zone | R$17,226 | $3,161 | R$67.24 | 4.68% | +7.7% |
| Lagoa | South Zone | R$16,699 | $3,064 | R$75.62 | 5.43% | +1.6% |
| Jardim Botanico | South Zone | R$15,111 | $2,773 | R$67.44 | 5.36% | +3.2% |
| Barra da Tijuca | West Zone | R$14,379 | $2,638 | R$76.71 | 6.40% | +7.1% |
| Botafogo | South Zone | R$12,770 | $2,343 | R$69.93 | 6.57% | +0.3% |
| Copacabana | South Zone | R$11,922 | $2,188 | R$68.47 | 6.89% | +5.2% |
| Flamengo | South Zone | R$11,295 | $2,072 | R$58.31 | 6.19% | +3.7% |
| Laranjeiras | South Zone | R$10,106 | $1,854 | R$59.78 | 7.10% | +1.8% |
| Barra Olimpica | West Zone | R$9,249 | $1,697 | R$52.88 | 6.86% | +2.4% |
| Centro | Central | R$7,796 | $1,430 | R$48.03 | 7.39% | +3.6% |
| Recreio dos Bandeirantes | West Zone | R$7,734 | $1,419 | R$42.50 | 6.59% | +1.7% |
| Tijuca | North Zone | R$6,558 | $1,203 | R$32.39 | 5.93% | -0.2% |
| Freguesia (Jacarepagua) | West Zone | R$5,649 | $1,037 | R$31.22 | 6.63% | -0.7% |
| Vila Isabel | North Zone | R$5,263 | $966 | R$27.66 | 6.31% | -0.4% |
| Meier | North Zone | R$4,553 | $835 | R$22.97 | 6.05% | -1.4% |
| Taquara | West Zone | R$4,514 | $828 | R$24.39 | 6.48% | +0.2% |
| Campo Grande | West Zone | R$3,548 | $651 | R$18.93 | 6.40% | +1.0% |
| Madureira | North Zone | R$3,307 | $607 | R$17.64 | 6.40% | -1.2% |
Source: Secovi Rio / CEPAI, reference December 2025. Dollar figures converted at R$5.45 = US$1 (July 2026) and are indicative only. Gross yield is calculated by BuyInRio from the two Secovi columns, before condominium fees, IPTU, management and vacancy.
Leblon at R$24,939/m² is roughly US$4,576 per square metre — about US$425 per square foot. That is the most expensive residential address in Brazil, and it still costs less than prime waterfront in Miami, Lisbon or Barcelona. This one fact brings most foreign buyers to Rio in the first place.
Centro returns 7.39% gross while Gavea returns 4.68%. The pattern holds across the table: the addresses that hold their value best yield the least. Buying for income points you away from the postcard neighbourhoods. Buying somewhere to use and hold points straight at them.
Rio prices rose 4.37% over twelve months against consumer inflation of about 4.90%. Only three of Brazil's twenty-two capitals grew more slowly. For a buyer that is not bad news — it is the absence of the froth that makes entry expensive elsewhere.
Leblon costs 7.5 times what Madureira costs per square metre. A budget that buys a studio in Ipanema buys a family apartment in Tijuca, and the rental economics differ just as sharply. Read the table by zone before you read it by price.
Secovi Rio publishes its own yield figure for each region of the city, calculated across its full sample rather than the twenty neighbourhoods above. These are monthly figures — multiply by twelve for a rough annual gross yield.
| Region | Monthly gross yield | Approx. annual |
|---|---|---|
| Central | 0.605% | 7.26% |
| South Zone | 0.581% | 6.97% |
| Barra and adjacent | 0.566% | 6.79% |
| West Zone | 0.556% | 6.67% |
| North Zone | 0.462% | 5.54% |
Source: Secovi Rio / CEPAI, December 2025. These regional figures are calculated on Secovi's whole regional sample and will not match an average of the neighbourhood rows above, which cover only twenty areas. Both are correct; they measure different things.
Average residential asking price per square metre, June 2026, from the FipeZAP index, which tracks 56 Brazilian cities. The national average was R$9,853/m².
| City | Average R$/m² |
|---|---|
| Sao Paulo | R$12,055 |
| Curitiba | R$11,752 |
| Rio de Janeiro | R$11,049 |
| Belo Horizonte | R$10,698 |
| Brasilia | R$10,210 |
| Maceio | R$9,966 |
Neighbourhood sale and rental values are published by CEPAI, the research centre of Secovi Rio, the trade body for the city's property sector. The reference period is December 2025 and the reports are free to download from secovirio.com.br. Secovi's finer-grained tool, which prices by street and postcode, is restricted to its members.
City-level averages and price movements come from the FipeZAP index, calculated by Fipe from listings across the OLX group's portals and published monthly at fipe.org.br. Figures here are from the June 2026 report. Fipe does not publish a public neighbourhood table, which is why the two sources are shown separately and never merged.
Both sources measure advertised listings, not completed transactions registered at the cartório. Real sale prices generally settle below asking after negotiation, and the gap widens in slower segments. Treat these as a way of comparing neighbourhoods with each other, not as a valuation of any particular apartment.
The yield column is rent divided by price. It does not deduct condominium charges — which in older South Zone buildings are substantial — IPTU, income tax on rent, management fees, maintenance or vacancy. A realistic net figure is meaningfully lower. The buying guide walks through the full cost stack.
R$11,049/m² city-wide in June 2026 on the FipeZAP index, which puts Rio third among Brazilian capitals behind São Paulo and Curitiba. The neighbourhood spread is enormous: from about R$3,307/m² in Madureira to R$24,939/m² in Leblon.
Between roughly 4.5% and 7.4% gross across the neighbourhoods tracked here, before any costs. Yields run highest in Centro and the North and West Zones and lowest at the prime South Zone addresses. Condominium fees, IPTU, tax on rental income, management and vacancy all come off that figure — a realistic net return is meaningfully lower than the gross column suggests.
Modestly, and below inflation. Prices rose 4.37% over twelve months to June 2026 against consumer inflation of about 4.90%, so the market was close to flat in real terms. Only three of Brazil's twenty-two capitals moved more slowly.
They are asking prices from advertised listings, not registry data from completed sales. Actual transaction prices usually settle below them. They are reliable for comparing one neighbourhood against another and for tracking direction over time; they are not a valuation of a specific apartment. For that you need a local appraisal.
Prices are one input. Compare safety, lifestyle fit, rental demand and transport across all of Rio's neighborhoods.
Browse Neighborhoods →The full purchase process for foreigners — CPF, cartório registration, ITBI, closing costs and annual ownership expenses.
Read Buying Guide →What life actually costs in Rio month to month, compared side by side with New York, London and Miami.
See the Numbers →Investor, digital nomad and retirement routes — the legal pathways to spending real time in the property you buy.
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