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How Much Does It Cost to Rent an Apartment in Medellín?

A price guide by neighborhood and type, plus extra costs and how to save.

Published: 2025 · Updated: June 16, 2026 · Author: Mifinka Team

In short

A furnished apartment in Medellín costs, on average, $700 to $2,250 USD per month (COP $2.8M–$9M), depending on neighborhood, size, and length of stay. El Poblado and Provenza are the most expensive; Laureles and Envigado are mid-range; and Belén is the most affordable. Budget for a deposit and cleaning fee. Find verified options in apartments for rent in Medellín.

Medellín is one of the favorite destinations for travelers, expats, and digital nomads in Latin America, and rental prices vary a lot by where and how you stay. This guide shows how much a furnished apartment costs by neighborhood and type, what extra costs to budget for, and how to get the best price. (USD figures are approximate, calculated at ~COP $4,000 per dollar.)

What does the price depend on?

Neighborhood: El Poblado and Provenza are the most sought-after; Belén and residential areas are cheaper.
Size: from a studio to a multi-bedroom penthouse.
Length of stay: monthly (long-term) rentals are usually cheaper per night than short stays.
Amenities: pool, gym, views, parking, and fast Wi-Fi raise the price.
Season: demand rises in high season (December, Easter, Feria de las Flores).

Price by neighborhood (furnished, per month)

Neighborhood	Approx. price / month	Profile
El Poblado / Provenza	$1,250–$3,000 USD (COP $5M–$12M)	Premium, touristy, nightlife
Laureles	$700–$1,500 USD (COP $2.8M–$6M)	Local, walkable, digital nomads
Envigado	$700–$1,250 USD (COP $2.8M–$5M)	Quiet, residential, families
Belén	$500–$900 USD (COP $2M–$3.6M)	More affordable and local

Price by apartment type

Type	Approx. price / month	Best for
Studio	$700–$1,000 USD (COP $2.8M–$4M)	1–2 people, longer stays
1 bedroom	$850–$1,500 USD (COP $3.5M–$6M)	Couples, digital nomads
2 bedrooms	$1,250–$2,250 USD (COP $5M–$9M)	Families, small groups
Penthouse / luxury	$2,500–$6,250 USD (COP $10M–$25M)	Premium stays with a view

Extra costs to budget for

Security deposit: usually one or more months' rent (refundable).
Cleaning: sometimes a one-time fee or periodic during the stay.
Utilities: check whether water, electricity, gas, and internet are included.
Building fee (administración): in some buildings this is charged separately.

Short-term vs. long-term

Short stays (by the day) offer more flexibility but a higher nightly price. Monthly rentals (30 days or more) usually come with discounted rates and are the best option for expats, digital nomads, or anyone relocating.

How to get the best price

Book monthly instead of nightly to access discounted rates.
Consider Laureles, Envigado, or Belén to save versus El Poblado.
Travel in low season and book in advance.
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