How to Rent a Home in Peru

Navigating the process of renting a home in Peru 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 Peru their home.

"Relocating to a new country can be an exciting yet challenging experience, especially when it comes to finding a place to live. If you're planning to move to Peru, understanding the rental market is crucial. This guide will provide you with all the necessary information about renting an apartment in Peru, from finding a rental property to understanding the legal requirements and costs involved.

How do you find a rental property in Peru?

There are several ways to find rental properties in Peru. Online platforms such as Adondevivir, Urbania, and Laencontre are popular among locals and expats. Local newspapers also have property listings. Alternatively, you can hire a real estate agent to help you find a suitable property. It's also common to find "Se Alquila" (For Rent) signs on properties.

Does Peru have an MLS type system?

Peru does not have a Multiple Listing Service (MLS) like in the United States. However, real estate agencies and online platforms provide extensive 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?

Yes, real estate brokers in Peru are required to have a license. The Ministry of Housing, Construction, and Sanitation issues these licenses. To verify a broker's license, you can ask them for their license number and check it on the Ministry's website.

Should I buy or rent in Peru?

Whether to buy or rent depends on your personal circumstances and plans. If you're planning to stay in Peru for a long time, buying might be a good option. However, renting is more flexible and requires less upfront investment. It's advisable to rent first to get a feel for the area before deciding to buy.

Is it difficult to find rentals in Peru?

Finding a rental in Peru can be challenging, especially in popular areas like Lima and Cusco. However, with patience and the right resources, you can find a suitable property. It's advisable to start your search well in advance of your move.

What documents are required when renting an apartment in Peru?

When renting an apartment in Peru, you'll typically need to provide a copy of your passport, proof of income or employment, and a reference from a previous landlord. If you're a foreigner, you may also need to provide a copy of your visa or resident card.

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

While it's not mandatory to have a lawyer when renting an apartment in Peru, it's highly recommended. A lawyer can help you understand the rental contract and ensure your rights are protected. The cost of a lawyer can vary, but you should expect to pay around 1% of the annual rent.

How long is the typical lease for?

The typical lease in Peru is for one year, but it can be negotiated with the landlord. It's important to understand the terms of the lease before signing.

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

Yes, it's standard practice to pay a deposit when renting in Peru. The deposit is usually equivalent to one or two months' rent. This deposit is refundable at the end of the lease, provided there are no damages to the property.

What other upfront costs are there when renting?

Besides the deposit, you may also need to pay the first month's rent upfront. Some landlords may also require a guarantee or additional security deposit. It's important to clarify these costs before signing the lease.

Are utilities included in the rent?

Utilities are typically not included in the rent in Peru. Tenants are usually responsible for setting up and paying for utilities such as electricity, water, and internet. The cost of utilities can vary depending on usage and location, but they are generally affordable.

Are furnished or unfurnished rentals more popular in Peru?

Both furnished and unfurnished rentals are available in Peru. Furnished apartments usually include basic furniture and appliances such as a refrigerator and stove. Unfurnished apartments may not include any appliances. Furnished apartments are more popular among expats and short-term renters, while unfurnished apartments are often preferred by long-term renters," said one expat living in Peru.

Expats Talk about How they Found their Home

"One of the best ways to find a place to live in Peru is to use online resources such as websites and social media. Websites such as Craigslist, Expat.com, and EasyRoommate are great for finding rental properties in Peru. Additionally, social media platforms such as Facebook and Twitter can be used to search for rental properties in Peru. Additionally, it is also possible to find a place to live in Peru by asking around in the local community. Many people in Peru are willing to rent out their homes or apartments to foreigners. Finally, it is also possible to find a place to live in Peru by using a real estate agent. Real estate agents can help you find the perfect place to live in Peru," commented an expat living in Peru.