I am coming over to Mexico for 6 months. I want to know how is the rental market in Mexico City.?

Question

I am coming over to Mexico for 6 months. I want to know how is the rental market in Mexico City.?

Answer 1

Big bubba knows Mexico City just as well as I do haha. Santa Fe, Tecalamchalco and Las Lomas are like Beverly Hills. Tecamachalco visually doesn't seem like most of the houses are super huge mansions (you will see a couple huge houses though), but the area is like Malibu -> Uber expensive. Actually it's a lot like Malibu, but 100 times the amount of houses and everything is all squished together and it has a TON of traffic.

Sadly, mexicans believe that subways and fast trains mean it's a neighborhood of poor people. Many inhabitants of the rich areas of Mexico City own huge SUV's and Minivans that hog space and gas because it makes the owners feel more important. Move there if you don't mind the traffic, next to zero pubic transport (there's no subway stations in the area and buses are slow), lots of millionaire jewish families, almost no middle class families and soccer moms that are really rude drivers. You will have to drive a car for everything there.

Polanco is a sort of overrated rich downtown neighborhood that used to be pretty 10 years ago but now it looks trashy looking because of all of the irregular apartments that popped up everywhere and the wonderful traffic that came with the new inhabitants. However it's close to downtown and there's a few subways stations in the area. It has some nice cafes and unlike Tecamachalco and Santa Fe you can still make short trips on foot. It isn't as safe as Teca or Santa Fe at night though. You can get mugged.

Condesa is a nice downtown area that's relatively safe for being downtown Mexico City. It has quite a lot of foreigners so you won't feel lonely and it's close to nightclubs. Mostly apartments are available there.

I personally love Coyacán. Of the few parts of Mexico City that hasn't fully gone downhill in the past 10 years with irregular housing and insane traffic. It's famous for the dozens of great restaurants and I frankly find the south of the city to be prettier than the north where I live. The Metrobus and subway is also easily accesible here and there's a lot of middleclass inhabitants.

Satelite is kinda my area and I know it very well. It's nice and still retains the feel of suburb, but you HAVE to travel by car or bus to downtown in the infamous Periferico or overrated undermaintained and overpriced private highway. I kinda get by by waking up early, but sadly the governor of the State of Mexico has no interest in building a subway or fast train for us despite being over 5 million inhabitants in this part of the city because bus drivers are against it. The Satelite area doesn't have that many apartments though, it's more a house market.

One thing that does igger me of this area is the lack of public libraries and the excess of Starbucks. ¬¬ Arboledas is farther north, so expect to get up even more early in the morning (like if you don't leave your house by 5 am you're dead meat early), but it's cheaper and more quiet than Satelite.

I don't know the northeast (or better yet pretty much I don't know the eastern side of the city at all), so I can't say much. However it's well known that Ciudad Neza is very dangerous, it has no parks and it's inhabited by poor people. The land should have never been used for houses because it naturally gets flooded every year. Ecatepec is more north and it has some middleclass areas, but I've heard the services are very poor there and it's getting worse and worse to live there.

Avoid moving to Chalco. Just.. don't move there. It's the ugliest slum of the city.

Iztapalapa is famous for being very dangerous, but the houses in the outskirts next to the delegación Benito Juarez seemed pretty nice and middleclass to me. It's the farther you go deep inside that's really dangerous.

Well, hope that helped you a bit.

Answer 2

Well I recommend you to check that in www.mercadolibre.com but there houses from 100dls to 600dls per month.

Answer 3

I'm mexican and the thing i can tell you is that depending on the zone you are planning is how the prize of housing will be...

the best zone to live at Mexico City is the closer you can be from your office, school, etc..... Above all try to avoid long distances, the city traffic is hectic. Also try to stay in the west side of the city but not far west. Condesa is a hip place, for example you can find an aparment for as low as 700 usd, a month,  there are also places like Polanco, and Lomas, Herradura, Tecamachalco, or Santa Fe this up scale areas have aparments that rent  all the way to 2000 usd a month....if you looking for something cheaper but with in the west side try  Irrigacion, San Pedro de Los Pinos, Mixcoac, Napoles , Del Valle further east is Narvarte, Alamos, but still on the westside...rents can go as low as 500 usd monthly and still ok.

There are also pretty places to live at noth west like Satelite, Arboledas or Echegaray, but those are far away from downtown and it will take you a long time to get to the business districts, the same for the places in the south west area, like Pedregal, Florida, San angel inn, Romero de Terreros, Coyoacan or Tlalpan.

Another thing, try to get a place with certain  degrree of security, a close compound of houses will be nice...

And above all avoid the east side of the city...