Cabo San Lucas Rent Prices in 2026: What the Market Actually Looks Like

As of 2026, expect median rents in Cabo San Lucas for unfurnished, long-term apartments to range from approximately $8,000 MXN per month for a studio to $65,000 MXN for a 3-bedroom unit. These figures are highly variable and depend heavily on the specific neighborhood, amenities, and proximity to key areas. The market has seen significant upward pressure over the past two years, driven by a combination of robust tourism sector wage growth and sustained demand from expatriates and remote workers. Understanding these price points and their neighborhood-specific nuances is critical for anyone seriously considering a move to Los Cabos for a year or more. For current listings, always check rentascabo.mx/listings.

Median Rents by Bedroom Count (Unfurnished, MXN/Month)

For a general overview, unfurnished long-term rentals in Cabo San Lucas typically fall within these ranges: Studios are commonly found between $8,000 and $12,000 MXN. One-bedroom apartments generally range from $12,000 to $20,000 MXN. Two-bedroom units can span from $18,000 to $35,000 MXN, with higher-end options exceeding this. Three-bedroom properties often start at $32,000 MXN and can go up to $65,000 MXN or more for larger homes in exclusive areas.

Neighborhood-Specific Price Variations

The location within Los Cabos dramatically impacts rental costs. In the exclusive Pedregal neighborhood, a 2-bedroom property typically rents for $28,000 to $50,000 MXN per month. El Tezal, offering a more accessible price point, sees 2-bedroom rentals in the $18,000 to $28,000 MXN range. In Cabo San Lucas downtown, a 1-bedroom apartment is likely to cost between $14,000 and $22,000 MXN. Moving towards San José del Cabo, 2-bedroom units are generally more affordable, ranging from $14,000 to $25,000 MXN. The Tramonti area, known for its upscale residences, commands higher prices, with 2-bedroom properties typically renting for $22,000 to $38,000 MXN. For detailed information on these areas, explore rentascabo.mx/neighborhoods/.

The Impact of USD Pricing and Exchange Rates

Some landlords, particularly in Pedregal and areas with high tourist traffic, opt to list their properties in US Dollars. It's crucial to factor in the current exchange rate. For instance, a property advertised at $1,500 USD per month, with the peso at approximately 17 MXN to the dollar, translates to $25,500 MXN. This figure is quite reasonable for a furnished 2-bedroom apartment in a desirable location like Pedregal. The strengthening of the Mexican Peso against the US Dollar from around 20 MXN/USD in 2024 to roughly 17 MXN/USD in 2025 has made Mexico more affordable for dollar-earners, contributing to increased demand and, consequently, higher rental prices.

What Your Budget Can Get You in 2026

With a budget of $1,000 USD per month (approximately $17,000 MXN), you can secure a decent furnished 1-bedroom apartment in El Tezal, or potentially a basic unfurnished 2-bedroom unit in San José del Cabo. Stepping up to $1,500 USD per month (around $25,500 MXN) opens more options: expect a good quality furnished 2-bedroom in El Tezal or the Tramonti area, or a more basic 2-bedroom unit in Pedregal. For $2,000 USD per month (approximately $34,000 MXN), you can typically find a well-appointed 2-bedroom or a decent 3-bedroom apartment in most neighborhoods. This budget can also secure entry-level properties in Pedregal, often with desirable views.

Year-over-Year Rental Trends

Since 2024, rental prices in Los Cabos have seen an average increase of 15-25% in peso terms by 2026. This trend is primarily fueled by wage inflation within the local tourism sector, which has increased disposable income for some residents, and a consistent influx of expatriates and remote workers seeking long-term residences. The aforementioned strengthening of the MXN/USD exchange rate has also played a significant role, making Los Cabos more attractive to those earning in dollars and intensifying competition for available properties.

Vacancy Rates and Market Tightness

The long-term rental market in Los Cabos remains exceptionally tight. High-demand properties, especially in popular areas like El Tezal and Pedregal, rarely remain vacant for more than 2 to 4 weeks. This rapid turnover means that prospective tenants need to be prepared to act quickly when a suitable property becomes available. Having your documentation and finances in order is essential. For the most up-to-date selection of available long-term rentals, consult the comprehensive listings at rentascabo.mx/listings.

Navigating the Market

Securing a long-term rental in Cabo San Lucas in 2026 requires a realistic understanding of current pricing and neighborhood dynamics. While prices have increased, strategic searching and prompt action can still lead to finding a suitable home. Always verify lease terms, payment schedules, and any additional fees directly with the landlord or property manager. For a wide array of options, visit rentascabo.mx/listings.