Finding Housing in Mexico
The Mexican rental market is generally landlord-friendly with flexible terms. Finding housing is easier than in many countries.
Renting
Where to Search:
- Facebook groups (search "[city name] rentals" or "expats in [city]")
- Inmuebles24.com (largest listing site)
- Vivanuncios.com
- Local real estate agents
- Walking neighborhoods and looking for "Se Renta" signs
Typical Requirements:
- First month's rent
- Security deposit (1-2 months)
- ID (passport for foreigners)
- Proof of income (often flexible)
- References (sometimes)
Lease Terms:
- Month-to-month common for furnished
- 6-12 months typical for unfurnished
- Many landlords negotiate
- Written contracts recommended but not always used
Rental Costs by City
| City | 1BR Apartment | 2BR House |
|---|---|---|
| Mexico City (Roma/Condesa) | $800-1,500 | $1,200-2,500 |
| Mexico City (other areas) | $400-800 | $600-1,200 |
| Guadalajara | $400-700 | $600-1,000 |
| Merida | $400-700 | $600-1,000 |
| Puerto Vallarta | $700-1,200 | $1,000-2,000 |
| Playa del Carmen | $600-1,200 | $900-1,800 |
| Lake Chapala | $500-800 | $700-1,200 |
| Oaxaca | $300-500 | $500-800 |
| San Miguel de Allende | $600-1,000 | $900-1,500 |
Furnished vs Unfurnished
Furnished rentals:
- More common in expat areas
- Higher monthly cost
- Easier for newcomers
- Often include utilities
- More flexibility on lease terms
Unfurnished rentals:
- Better value long-term
- More selection
- Typically includes kitchen (but not appliances)
- Requires furniture investment
Buying Property
Foreigners can buy property in Mexico with some restrictions:
Restricted Zone (within 50km of coast, 100km of border):
- Requires fideicomiso (bank trust)
- Bank holds title on your behalf
- You have full ownership rights
- Annual fee: ~$500-800 USD
- Trust term: 50 years, renewable
Interior Mexico:
- Direct ownership possible
- Same rights as Mexican citizens
Buying Process:
- Find property and agree on price
- Sign promesa de compraventa (promise to purchase)
- Due diligence (title search, liens, permits)
- Set up fideicomiso if in restricted zone
- Sign escritura (deed) before notario publico
- Pay closing costs (typically 5-8% of purchase price)
Tips for Housing
- Visit and stay short-term before committing
- Use Facebook groups for best rental deals
- Negotiate - prices are often flexible
- Get everything in writing, even informal agreements
- Check water pressure and internet before signing
- Ask about included utilities and services
Pro Tips
- •Facebook groups often have the best rental deals
- •Stay short-term first to learn neighborhoods
- •Negotiate rent - especially for longer terms
- •Fideicomiso required for coastal property purchase
- •Get water pressure and internet confirmed before signing
Have questions about housing in Mexico?