How to Rent a Home in Chile

Navigating the process of renting a home in Chile for the first time can feel overwhelming. Numerous questions might arise: Should I consult a lawyer? Are appliances typically included in rentals? How can I discover quality rental properties? Which neighborhoods will best suit my needs? These are just the tip of the iceberg. Dive in for answers to these pressing questions and gain insights from our members who've made Chile their home.

"Chile, with its diverse landscapes and vibrant culture, is an attractive destination for expats from around the world. However, finding a place to live can be a daunting task, especially if you're unfamiliar with the local real estate market. This guide aims to provide you with essential information about renting an apartment in Chile, from finding a rental property to understanding the legalities involved.

How do you find a rental property in Chile?

There are several ways to find rental properties in Chile. Online platforms such as Portalinmobiliario, Yapo, and Propiedades are popular and provide a wide range of options. Local newspapers also have real estate sections. Alternatively, you can hire a real estate agent to help you find a suitable property. It's also common to find rental signs on properties while exploring neighborhoods.

Does Chile have an MLS type system?

Chile does not have a Multiple Listing Service (MLS) system like in the United States. However, online platforms and real estate agencies provide comprehensive listings of available properties. It's advisable to use multiple sources to find the best options.

Do brokers have licenses and how do I know if they are licensed?

Real estate brokers in Chile are not required to have a license. However, many belong to professional associations such as the Chilean Chamber of Real Estate (CChC). These organizations often have codes of conduct and provide some level of assurance about the broker's professionalism and ethics.

Should I buy or rent in Chile?

The decision to buy or rent depends on your personal circumstances, including your financial situation, how long you plan to stay in Chile, and your comfort level with the local real estate market. Renting can provide more flexibility, while buying can be a good investment if property values increase.

Is it difficult to find rentals in Chile?

Finding a rental in Chile can be challenging, especially in popular areas like Santiago and Valparaiso. Demand often exceeds supply, leading to competitive rental markets. However, with patience and persistence, you can find a suitable property.

What documents are required when renting an apartment in Chile?

When renting an apartment in Chile, you'll typically need to provide a copy of your passport, proof of income or employment, and a Chilean guarantor. If you don't have a local guarantor, some landlords may accept a larger deposit instead.

Do I need a lawyer when renting an apartment in Chile?

While not mandatory, it's advisable to hire a lawyer when renting an apartment in Chile. A lawyer can review the rental contract, ensure it complies with local laws, and protect your interests. Legal fees vary but expect to pay around 1% of the annual rent.

How long is the typical lease for?

The typical lease term in Chile is one year, but shorter or longer terms may be negotiated. After the initial term, leases often convert to a month-to-month agreement.

Do I have to pay a deposit when renting in Chile?

Yes, a deposit is typically required when renting in Chile. The amount varies but is usually equivalent to one or two months' rent. This deposit is refundable at the end of the lease, minus any deductions for damages or unpaid rent.

What other upfront costs are there when renting?

In addition to the deposit, you may need to pay the first month's rent upfront. If you're using a real estate agent, you'll also need to pay their fee, which is typically around half a month's rent.

Are utilities included in the rent?

Utilities are usually not included in the rent and are the tenant's responsibility. These can include electricity, water, gas, and internet. The cost of utilities varies but is generally affordable.

Are furnished or unfurnished rentals more popular in Chile?

Both furnished and unfurnished rentals are available in Chile. Furnished apartments typically include basic furniture, kitchen appliances, and sometimes bedding and towels. Unfurnished apartments may not include appliances. Furnished apartments are often more expensive but can be a convenient option for short-term stays," said one expat living in Chile.

Expats Talk about How they Found their Home

"There are two ways to live in Puerto Varas: in town or out of town in the parcelas. There are a lot of parcelas neighborhoods to choose from, but they all have excellent spacious houses on large pieces of land. Our neighborhood has a (private) dirt road and all of our neighbors are professionals. We feel pretty safe even though we are 3 miles from town as the crime is low and law enforcement is good. Plus, all of the neighbors are constantly in touch via whatsapp," commented an expat living in Puerto Varas.

"One of the best ways to find a place to live in Chile is to use online resources such as websites like Airbnb, HomeAway, and Craigslist. Additionally, you can also search for rental listings in local newspapers and magazines. Additionally, you can also contact local real estate agents who can help you find a place to live in Chile. Additionally, you can also ask friends and family who live in Chile for recommendations. Finally, you can also visit the area in person to get a better feel for the area and to find a place to live," said an expat in Chile.