Long-term rentals in Puerto Rico have become an increasingly attractive business opportunity for medium-income families and high-profile individuals. The island offers a unique blend of natural beauty, vibrant culture, and modern amenities, making it an ideal destination for long-term residents. Despite challenges such as Hurricane Maria and the COVID-19 pandemic, the demand for long-term rentals has remained steady, supported by local resilience and an influx of investors seeking stable rental income opportunities.
With properties catering to varying budgets and needs, Puerto Rico real estate has proven profitable and sustainable for long-term rental opportunities. In this blog, we'll explore the top 10 locations driving this flourishing market and what makes them standout options for long-term renters.
Key Takeaways
- Long-term rentals in Puerto Rico cater to diverse audiences, from families to expatriates.
- Luxury neighborhoods like Condado and Dorado dominate rental revenues.
- Proximity to natural attractions like El Yunque and pristine beaches is a significant draw.
- Long-term rentals provide stability and higher yields compared to short-term options.
Top Locations for Long-Term Rentals in Puerto Rico
1. Condado
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Known for its upscale atmosphere, Condado features luxury condos and homes with ocean views. It's ideal for business executives and those seeking vibrant nightlife, dining, and beach access.
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Tourist/Immigrant Influx: Known as one of the most affluent areas in Puerto Rico, Condado attracts business executives, expatriates, and international professionals.
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Revenue from Long-Term Rentals: Condado boasts some of the highest rental yields on the island, with long-term rental rates averaging $3,000–$6,000 per month for luxury apartments.
Why Renters Choose Condado
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Upscale condos and homes with ocean views.
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Easy access to luxury amenities like high-end restaurants, boutiques, and wellness centers.
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Proximity to top international schools, making it appealing to expatriate families.
Long-Term vs. Short-Term Rentals
While Condado thrives on short-term vacation rentals, the stability of long-term leases appeals to tenants looking for exclusivity and community-oriented living.
2. Isla Verde
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Located near the airport, Isla Verde is famous for its beautiful beaches and lively nightlife. It attracts beach lovers, business travelers, and those who enjoy socializing in a vibrant atmosphere.
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Tourist/Immigrant Influx: Isla Verde attracts a blend of tourists and locals due to its proximity to Luis Muñoz Marín International Airport and stunning beaches.
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Revenue from Long-Term Rentals: Long-term rental rates range from $2,500 to $5,000 monthly, and beachfront properties primarily drive them.
Why Renters Choose Isla Verde
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Iconic beaches like Pine Grove and Balneario de Carolina.
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Vibrant nightlife with clubs, casinos, and fine dining options.
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Convenience for business travelers due to nearby corporate hubs and transportation links.
Long-Term vs. Short-Term Rentals
Although short-term rentals are prevalent, professionals and retirees who value stability over the transient nature of Airbnb rentals prefer long-term leases.
3. Ocean Park
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This beachfront neighborhood offers a more relaxed vibe with a mix of luxury homes and condos. It's perfect for families, young professionals, and nature lovers who appreciate privacy and tranquility.
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Tourist/Immigrant Influx: This neighborhood is favored by digital nomads, families, and nature enthusiasts seeking to live on a private beachfront.
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Revenue from Long-Term Rentals: Monthly rental prices average between $2,000–$4,500 for oceanfront properties.
Why Renters Choose Ocean Park
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A laid-back vibe with gated communities and green spaces.
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Easy access to local parks, yoga studios, and boutique stores.
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Its community feel attracts young families and couples.
Long-Term vs. Short-Term Rentals
Ocean Park has a higher ratio of renters seeking long-term Airbnb options due to its family-friendly environment and serene ambiance, compared to the party-driven vibe of short-term rentals elsewhere.
4. Dorado Beach
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Dorado Beach, a secluded area with lavish estates and upscale amenities, is known for its golf courses and beach clubs. It appeals to affluent retirees and those seeking a luxurious lifestyle in a private setting.
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Tourist/Immigrant Influx: As a hub for affluent retirees and international investors, Dorado Beach offers exclusivity and prestige.
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Revenue from Long-Term Rentals: Properties here generate substantial income, with rental prices ranging from $7,000–$15,000 monthly.
Why Renters Choose Dorado Beach
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World-class golf courses, beach clubs, and luxury resorts.
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Gated communities with 24/7 security.
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Access to exclusive schools, making it ideal for families.
Long-Term vs. Short-Term Rentals
Long-term rentals dominate here due to the community's focus on luxury lifestyles and extended privacy needs.
5. Rio Grande
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Close to El Yunque National Forest, Rio Grande offers easy access to nature while providing a peaceful living environment. It's ideal for those wanting privacy but still close to urban conveniences.
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Tourist/Immigrant Influx: Proximity to El Yunque National Forest makes Rio Grande a magnet for nature-loving renters.
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Revenue from Long-Term Rentals: Rentals generate moderate income, averaging $1,800–$4,000 monthly.
Why Renters Choose Rio Grande
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Easy access to outdoor activities like hiking and kayaking.
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Quiet living with urban conveniences just a short drive away.
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Availability of spacious homes ideal for families or retirees.
Long-Term vs. Short-Term Rentals
Unlike the seasonal preference for short-term rentals, long-term rentals appeal to those seeking tranquility and modern conveniences.
6. Luquillo
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Famous for its beaches and proximity to El Yunque, Luquillo is perfect for beachgoers who enjoy local cuisine at the food kiosks. It's a great spot for families looking for a laid-back lifestyle.
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Tourist/Immigrant Influx: Luquillo attracts beachgoers and retirees due to its relaxed ambiance.
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Revenue from Long-Term Rentals: Long-term rental properties yield $1,500–$3,000 monthly.
Why Renters Choose Luquillo
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Famous for food kiosks and laid-back lifestyle.
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Quiet beaches and community events draw families.
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Proximity to healthcare facilities and grocery stores.
Long-Term vs. Short-Term Rentals
While vacation rentals thrive, Luquillo’s long-term rentals are popular for affordable coastal living.
7. Rincón
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Known as a surfer's paradise on the west coast, Rincón offers stunning beaches and a relaxed atmosphere. It attracts surfers, outdoor enthusiasts, and those looking for a quieter lifestyle away from the hustle of San Juan.
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Tourist/Immigrant Influx: Surfers and outdoor enthusiasts flock to Rincón for its west-coast appeal.
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Revenue from Long-Term Rentals: Monthly rental rates average $1,800–$3,500.
Why Renters Choose Rincón
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Iconic surf spots and yoga retreats.
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Quiet communities are suitable for families and retirees.
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A small-town vibe with excellent outdoor dining options.
Long-Term vs. Short-Term Rentals
Individuals seeking to escape the hustle of San Juan seek long-term rentals, which offer stable income potential compared to seasonal short-term stays.
8. Old San Juan
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Rich in history and culture, Old San Juan features charming colonial architecture and vibrant streets. It's ideal for history buffs and those who enjoy boutique shopping and fine dining.
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Tourist/Immigrant Influx: A cultural hotspot attracting history buffs and expats.
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Revenue from Long-Term Rentals: Rental prices range between $1,500–$3,000 monthly.
Why Renters Choose Old San Juan
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Cobblestone streets and colonial architecture.
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Access to boutique shopping and fine dining.
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The central location makes commuting easy.
Long-Term vs. Short-Term Rentals
Short-term rentals dominate, but long-term renters enjoy the rich cultural environment and convenient amenities.
9. Mayagüez
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This city combines cultural exploration with beautiful landscapes. It's suitable for design enthusiasts and those interested in scuba diving or enjoying the local arts scene.
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Tourist/Immigrant Influx: This city combines a rich arts scene with a focus on education and tourism.
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Revenue from Long-Term Rentals: Rentals range from $1,000–$2,500 monthly.
Why Renters Choose Mayagüez
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Home to universities and research institutions.
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Affordable living for families and professionals.
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Scenic views and vibrant cultural activities.
Long-Term vs. Short-Term Rentals
While not a typical vacation spot, Mayagüez offers lucrative long-term rental opportunities due to its educational and business appeal.
10. Santurce
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An artsy neighborhood in San Juan, Santurce is known for its cultural vibrancy, street art, and culinary scene. It appeals to young professionals and creatives looking for an urban lifestyle with artistic flair.
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Tourist/Immigrant Influx: Popular among young professionals and artists relocating to Puerto Rico.
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Revenue from Long-Term Rentals: Monthly rates range from $1,500–$4,000.
Why Renters Choose Santurce
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A dynamic arts district with vibrant street art and galleries.
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Close to nightlife, restaurants, and public transport.
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A haven for startups and creative enterprises.
Long-Term vs. Short-Term Rentals
Long-term renters value Santurce for its eclectic culture and urban energy, complementing its short-term rental market catering to tourists.
Long-Term Rentals in Puerto Rico: Content Matrix
This table provides an overview of each location's key attributes, rental revenue potential, and the dominant rental type to help renters and investors make informed decisions.
|
Location |
Short Description |
Revenue from Rentals (Monthly) |
Dominant Rental Type |
|
Condado |
Upscale neighborhood with luxury condos, ocean views, and vibrant nightlife. |
$3,000–$6,000 |
Long-term rentals preferred for stability and exclusivity. |
|
Isla Verde |
Beachfront area near the airport with lively nightlife and business convenience. |
$2,500–$5,000 |
Long-term rentals favored by professionals and retirees. |
|
Ocean Park |
Relaxed beachfront neighborhood ideal for families and young professionals. |
$2,000–$4,500 |
Long-term rentals due to its family-friendly environment. |
|
Dorado Beach |
Exclusive area with lavish estates, golf courses, and private beach clubs. |
$7,000–$15,000 |
Long-term rentals dominate in luxury gated communities. |
|
Rio Grande |
Quiet area near El Yunque, perfect for nature enthusiasts and retirees. |
$1,800–$4,000 |
Long-term rentals appeal to those seeking tranquility. |
|
Luquillo |
Coastal town with serene beaches and famous food kiosks. |
$1,500–$3,000 |
Long-term rentals popular for affordable coastal living. |
|
Rincón |
Surfer's paradise with a laid-back vibe and stunning beaches. |
$1,800–$3,500 |
Long-term rentals preferred for a quieter lifestyle. |
|
Old San Juan |
Historic area with colonial architecture and vibrant cultural life. |
$1,500–$3,000 |
Short-term rentals dominate, but long-term options cater to culture enthusiasts. |
|
Mayagüez |
Cultural city with universities, arts, and scenic landscapes. |
$1,000–$2,500 |
Long-term rentals thrive due to its focus on education and affordability. |
|
Santurce |
Artsy urban area with street art, nightlife, and startup energy. |
$1,500–$4,000 |
Long-term rentals popular with young professionals and creatives. |
Luxury Properties and Houses for Sale and Rent PR
Discover exquisite luxury properties and houses for sale or rent in Puerto Rico, from beachfront estates to upscale urban residences. At Christie's International Real Estate Puerto Rico, we specialize in matching discerning clients with the island's finest homes, offering unparalleled service and exclusive listings.
Luxury Properties and Houses for Sale
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1501 MIRSONIA #601, SAN JUAN, PR 00911
Experience refined living in this luxurious 3-bedroom, 2.5-bathroom smart home apartment in Condado, featuring exclusive amenities, a private terrace, and top-tier finishes near premier schools, parks, and beaches.
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21 HARBOUR LIGHTS DR HUMACAO PR, 00791
Discover your dream home in the exclusive Palmas del Mar community, a two-story masterpiece with stunning ocean, mountain, and city views, luxurious amenities like an infinity pool, jacuzzi, private balconies, and a dedicated home office, all complemented by a 20k diesel generator and low HOA fees.
Luxury Properties and Houses for Rent
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Calle Tulipan D13, CAGUAS, PR 00727
Discover this 4-bedroom, 2.5-bathroom home in the gated community of Urb. El Valle, Los Prados, and Caguas offer spacious living, modern amenities, and convenient access to schools and shopping.
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200 SAN AGUSTIN, SAN JUAN, PR 00901
This 2-bedroom, 1-bathroom apartment offers comfort and flexibility with modern amenities like AC, WiFi, 24/7 security, co-working space access, and a prime location near restaurants and shops.
Conclusion
Puerto Rico's long-term rental market offers diverse opportunities, from the bustling streets of Condado to the serene beaches of Luquillo. Each location has unique draws, whether it's cultural vibrancy, luxury amenities, or proximity to nature. As the island continues to evolve as a prime destination for residents and investors, the long-term rental market remains a steady, profitable option.
At Christie's International Real Estate Puerto Rico, we specialize in helping clients buy, sell, and rent exceptional properties across the island. Whether you're seeking to invest or find the perfect long-term rental, contact us today to explore your options.
FAQs
What town is best to stay in Puerto Rico?
The best town to stay in Puerto Rico depends on your lifestyle preferences:
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Condado: Ideal for luxury living with upscale amenities and vibrant nightlife.
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Isla Verde: Perfect for beach lovers and business travelers due to its proximity to the airport.
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Dorado Beach: A top choice for affluent individuals seeking exclusivity and resort-style living.
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Ocean Park: Great for families and young professionals who prefer a quieter beachfront community.
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Rincón: A laid-back town known for its surf spots, attracting outdoor enthusiasts.
Each town offers unique benefits, from Old San Juan's cultural richness to the nature-filled experiences of Rio Grande and Luquillo.
Is Puerto Rico a cheap place to live?
While Puerto Rico offers a lower cost of living compared to many U.S. cities, affordability depends on location and lifestyle:
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Cost-effective Areas: Towns like Luquillo, Mayagüez, and parts of Rincón offer lower housing costs, local dining options, and a laid-back lifestyle.
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High-Cost Areas: Luxury neighborhoods like Condado, Dorado Beach, and Isla Verde cater to high-income residents with higher rental and living expenses.
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Utilities and groceries are comparable to mainland U.S. prices, but tax incentives (such as Act 60) and the absence of state income tax can offset some costs for eligible residents.
Puerto Rico can be affordable, especially if you prioritize budget-friendly towns and local goods.
Is Puerto Rico real estate a good investment for Airbnb long-term rentals?
Yes, Puerto Rico real estate is an excellent investment for Airbnb long-term rentals. Popular areas like Condado, Isla Verde, and Rincón have shown steady demand, especially among professionals and retirees seeking a stable yet flexible housing option.
