The price of residential rentals in Porto Alegre saw a 1.45% increase in July, a slight acceleration compared to the previous month. In the month, the price per square meter in the city reached R$ 39.19.

However, the cumulative variation over the last 12 months slowed to 9.6% — the lowest level recorded since November 2022. The data is from the QuintoAndar Imovelweb Rental Index.

The slowdown in price growth has been a trend in recent months in the capital of Rio Grande do Sul. The shock in the supply of properties, caused by the rains in April and May 2024, impacted the local market as a whole, raising prices in the subsequent periods.

Over the months, as the city’s rhythm returned to normal, the average cost of rent began to grow moderately again, reflecting the scenario observed last month. In the first half of 2025, Porto Alegre recorded a cumulative appreciation of 4.81%. This was the smallest increase for the period since 2022, when rent rose by 3.2% between January and June. In 2024, the increase had been 7.64%.

“The rental market in Porto Alegre is showing signs of stabilization after a period of strong price pressure. The slowdown in the 12-month cumulative figure indicates that the growth rate is returning to a moderate level. Still, the demand for rental properties remains high, which should keep prices at an elevated level in the coming months,” says Thiago Reis, Data Manager at Grupo QuintoAndar.

Among the most expensive neighborhoods to rent in Porto Alegre, Três Figueiras stands out with a square meter price of R$ 66.20, followed by Rio Branco at R$ 62.90. On the other end, the neighborhoods with the most affordable square meter prices are Cavalhada (R$ 21.72/m2) and Jardim Itu−Sabará (R$ 20.31/m²).