Prices on Housing rental They remain warm at the beginning of 2025. The increase in March was the biggest of the year and reached 1.15%compared to the previous month, maintaining the acceleration started in December (+0.93%), January (+0.96%) and February (+1.07%). With this accumulates in the first quarter of 2025 already a height of 3.22%, according to a survey made by Clever Based on information collected in 36 cities throughout Brazil.
Given the new increases, the Fipezap Housing Index exceeded the variation of 2.04% shown by IBGE IPCA, which measures official inflation in the country, and was also over 0.99% registered by FGV IGP-M, is considered the official rent index.
Among all types of real estate, those who have a dormitory are those with a more pronounced estimate in the lease, which rises 1.45%, compared to the minor increases of those with four or more bedrooms, 0.95%.
“Since the economy is still warm, with an increase, this helps maintain demand for rent. In addition, the high interest rate also removes people from the purchase of real estate, leading to leasing, explains Fipezap coordinator Alison Oliveira.
Among the 36 cities monitored by Fipezap, 35 had discharge. The highlights are Capital’s Vitória, with an increase of 3.29%, Campo Grande by 3.06%and Teresina by 2.36%. The only exception was Brazil, where prices withdrew 0.10%.
Accumulated in the past 12 months
Over the past 12 months, the housing rent has advanced 12.91%, more than twice as much as the official inflation of the 5.48% measured by IPCA and also over 8.58% registered by IGP-M. The highest values during the period were registered in Salvador, an increase of 33.08%, Campo Grande by 27.33%and Porto Alegre by 24.98%.
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Properties with four or more bedrooms stood out in this average, with estimate of 15.85%, in contrast to the increase of 11.57% observed in the units with three bedrooms.
See Evolution of the Fipezap index in 10 capitals:
| City | Variation in March | Accumulated variation in 2025 |
| São Paulo | 1,08% |
3.22% |
| Rio de Janeiro | 1.47% | 4.03% |
| Brazil | -0.10% | -2.73% |
| Saviour | 0.97% | 6.47% |
| Porto Alegre | 0.51% | 1.61% |
| Curitiba | 1.28% | 3% |
| Belo Horizonte | 1.64% | 4.52% |
| Reef | 0.87% | 3.09% |
| Strength | 2.16% | 3.86% |
| Florianópolis | 1.80% | 6.63% |
| Victory | 3.29% | 4.56% |
Average price and profitability
The study also shows that the average price for housing rent in the analyzed cities was $ 48.03 per square meter in March. São Paulo continues to lead the ranking and register the highest value per square meter, R $ 59.83. Then comes Belém (R $ 57.29/m²) and recife (R $ 57.16/m²). The lowest values were found in Teresina (R $ 22.82/m²) and Aracua (R $ 25.71/m²).
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The profitability of the rent, calculated from the relationship between rental price and sales value, was 5.88% per year. This return, although under the profitability designed for low risk financial investments, remained attractive in certain capitals, such as Manaus (8.39% AA), Belém (8.37% AA) and Recife (8.18% AA).
Perspective
According to the study, the rental market’s results show resilience in a context of inflation and still high interest rates. The estimate of rents above main prices reflects the combination of higher demand for city housing and limitation of the offer of new contracts at lower prices.
With this scenario, the property rental agreement follows as an investment alternative with stable income, especially in the capitals that concentrate the highest housing need.
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