Property and Real Estate for Rent in Puerto Vallarta

Author: Pedro Robin

23 May, 2024

Puerto Vallarta Property and Real Estate for Rent

Puerto Vallarta is a city in Mexico that is known for its beaches. Puerto Vallarta is a beach resort town in Mexico. Puerto Vallarta is considered one of Mexico’s best places to buy real estate. It has been dubbed as “the most Mexican beach destination” because of its various gorgeous coves and beaches. The city had 291,839 inhabitants in 2020, 50.1% of which were men and 49.9% women. The Puerto Vallarta Real Estate consists of high-end villas and condos built on the hillside with some of the grandest views of the bay. The city features Renaissance-style and colorful colonial architecture. Almost all the tourist activity happens in Puerto Vallarta, thus making it the most famous place for immigrants to rent a property. Apartments and condos for rent are the most popular real estate in Puerto Vallarta. There are three different contract options when renting a property in the city. These options are short-term, six-month, and long-term. The recommended contract for first-time visitors or foreigners is short-term. Six-month contracts are popular for snowbirds. The preferred contracts by tenants who are already familiar with the place and want to stay for a longer time are long-term. Some popular vacation rentals in Puerto Vallarta are Villa Encantada, Casa Caleta, Villa Azul Profundo, Casa La Bomba Downtown Gringo Gulch, and Villa Estrella Mar.



    

What are the types of properties for rent in Puerto Vallarta?

Listed below are the types of properties that are for rent in Puerto Vallarta.

  • House for Rent in Puerto Vallarta: House for rent in Puerto Vallarta is one of the leading real estate trends. The average monthly rental of property in Puerto Vallarta is around $1,000.
  • Apartment and Condo for Rent in Puerto Vallarta: Both domestic and international buyers for apartments and condos in Puerto Vallarta are showing a positive trend in the real estate industry. On average, the monthly rent in Puerto Vallarta ranges from $600 to $1,500.
  • Villas for Rent in Puerto Vallarta: Villas for Rent in Puerto Vallarta is an excellent option for families and other groups that typically go to Mexico for a vacation. On average, tenants must pay $745 daily to rent a villa.
  • Cabins for Rent in Puerto Vallarta: Cabins are typically situated away from the city and only have one story. Generally, the material used for these kinds of vacation properties is wood. Renting a cabin in Puerto Vallarta costs around $99 per night.
  • Hotels for Rent in Puerto Vallarta: Hotels for sale in Puerto Vallarta are among the real estate businesses that have gained popularity. Prices vary depending on location, room number, the star rating of the hotel, and the distance of the property to the beach. Renting a hotel cost about $39 per night per person.
  • Studios for Rent in Puerto Vallarta: A studio type is a property that features one large room that serves as the living, dining, and bedroom. A studio for rent in Puerto Vallarta costs around $65 per night.

Puerto Vallarta Types of Properties

What is the best location to rent a property in Puerto Vallarta?

The best location to rent a property in Puerto Vallarta is Zona Romantica. Zona Romantica is one of the most popular real estate investment areas in Puerto Vallarta because it houses many attractions. The best restaurants, bars, art galleries, beaches, and boutique hotels are in the Zona Romantica. The neighborhood is considered the “Romantic Zone” of Puerto Vallarta as it exhibits a place for romance for all tourists and locals to enjoy. Additionally, the area welcomes people that are part of the LGBTQ community. Living or staying in Zona Romantica makes it much easier for tenants to access different facilities. The place is known to be the most walkable region of Puerto Vallarta. The southern beaches in the city are easier to reach when in Zona Romantica. Furthermore, the neighborhood is considered a safe place for people to live or stay.

Puerto Vallarta best location to rent

How to rent a property in Puerto Vallarta?

Properties in Puerto Vallarta are allowed to be purchased and rented out. There are four ways How to rent a Property in Mexico. First, determine the budget that needs to pay every month. It means considering other fees such as utilities, food, clothing, and transportation. Second, choose the location where the buyer desires to live. Third, research by asking, going to an online platform or talking to a realtor personally. Ask locals for properties that are available for rent. Another option is to go to online platforms that provide listings of all rental properties in a specific location. Another way is by contacting a realtor and talking to them personally, as they are more expert in the field and are likely more knowledgeable about the best rental property the place could offer. Lastly, settle the payments once there is a chosen home.

Puerto Vallarta Renting a Property

What are the things to consider before renting a property in Puerto Vallarta?

Listed below are the things that need to be considered before renting a property in Puerto Vallarta.

  • Documents: Having the necessary and complete documents before renting a property in Puerto Vallarta leads to a smooth and easy transaction. Puerto Vallarta Real Estate Investment Requirements [1] nclude proof of identity, proof of residency, economic solvency, credit check, banking information, and reference letters.
  • Real Estate Agent: A vital consideration before renting a property in Puerto Vallarta is to have a skilled, reputable, and experienced real estate agent. A real estate agent should be capable of explaining the renting process and walkthrough the client from the presentation of the properties until the signing and closing of the deal. Having a skilled and experienced real estate agent gives peace of mind to the client, especially in getting an estimate of all the closing costs.
  • Requirements: Before renting a property in Puerto Vallarta, determine all the needs. The buyer must have the requirements, such as proof of identity, residency, economic solvency, and a guarantor. For proof of identity, the tenant is allowed to present any form of identification, such as a passport or ID card. For proof of residency, the tenant, if local, should submit the documents issued by the Mexican authorities. However, the tenant must present the FMM form if they are a foreigner. Furthermore, the tenants must show proof of income or economic solvency reflecting their ability to pay for all their daily expenses, including rent. 
  • Payment: There are different payment methods, such as cash and credit card. Determine whether the desired payment method is available when renting the property. Before renting a property in Puerto Vallarta, ensure that the available payment methods options are secured. As a foreigner, they most likely need to undergo a currency exchange to pay the landlord. Lastly, the monthly and other rental fees must align with the budget. Otherwise, one is going to run the risk of not being able to keep up with the expenses. Pay specific bills like utilities and rental fees on the set deadline.

Puerto Vallarta Things To Consider Before Renting A Property

Can foreigners rent property in Puerto Vallarta?

Yes, foreigners are allowed to rent a property in Puerto Vallarta. Renting real estate in Puerto Vallarta is possible, regardless of nationality. Therefore, renting a property in Puerto Vallarta is entirely lawful, regardless of race. Any nationality legitimately is allowed to rent property in Mexico. However, they must submit the same documents and requirements. The only difference is that foreigners must have a Multiple Immigration Form (FMM). FMM is a permit given to foreigners that allows them to enter Mexico. Even in a post-pandemic environment, Puerto Vallarta real estate has received very positive reviews and has been popular. Since the pandemic, more companies have allowed their employees to do remote work, and Puerto Vallarta is among the desired places for commercial and domestic purposes.

Puerto Vallarta Foreigners renting property

Can I rent a house in Puerto Vallarta?

Yes, anyone can rent a house in Puerto Vallarta. As long as the tenants have the necessary documents and requirements, they are allowed to rent a home in Puerto Vallarta. Additionally, they must have the proper budget to sustain the cost of renting a house for days in the city.

Puerto Vallarta Renting a House

Can I find a vacation rental with a pool in Puerto Vallarta?

Yes, a vacation rental with a pool in Puerto Vallarta can be found. Various rental properties are listed, including Puerto Vallarta Vacation House  for Rent, which features a pool. These houses are Casa La Bomba Downtown Gringo Gulch, Villa Encantada, and Casa Caleta. Casa La Bomba Downtown Gringo Gulch is a vacation rental home that caters to up to 8 max. It has four bedrooms and six bathrooms. Staying at Casa La Bomba Downtown Gringo Gulch costs around $704 per night or $21,120 monthly. Villa Encantada considered the Top Vacation Rental in Puerto Vallarta, caters to up to 12 max. It features five bedrooms and six bathrooms. Staying at Villa Encantada costs around $1,260 per night or $37,800 monthly. Casa Caleta is a luxurious beachfront villa that caters to up to 12 max. It features six bedrooms and eight bathrooms. Staying at Casa Caleta costs around $2,164 per night or $64,920 monthly.

Puerto Vallarta Finding Vacation Rental

Can you rent a house near the top attractions in Puerto Vallarta?

Yes, anyone can rent a house near the top attractions in Puerto Vallarta. Malecon, a popular tourist destination, has 558 vacation rentals listed. Besides the magnificent beaches in the neighborhood, locals and tourists will have a fantastic view of art sculptures along their walk. Additionally, guests have the chance to watch the “Dance of the Flyers” by the beach across from the Chicos Dive Shop. Another neighborhood where people can rent a house with various attractions is the Zona Romantica. Hundreds to thousands of vacation rentals from Zona Romantica are available in the online listing.

Puerto Vallarta Renting a House Near The Top Attractions

Is Puerto Vallarta safe?

Yes, Puerto Vallarta is safe. Puerto Vallarta is one of the safest locations in Mexico for foreign visitors and locals. Additionally, it is one of the friendliest towns in the world. According to Numbeo’s Level of Crime Index, Puerto Vallarta Crime Rate[1]  is 38 out of 100. It indicates that the crime rate in Puerto Vallarta is substantially low. People stay comfortably mainly because police enforcement is always moving to maintain security and safety in Puerto Vallarta. The police officers often roam around town, even at night. Besides the crime rate, the city is safe mainly because it is not susceptible to hurricanes, even if Mexico is a hurricane-prone country.

Puerto Vallarta Safety
Pedro Robin

Based in Puerto Vallarta, Jalisco, México.

Pedro moved to Puerto Vallarta Bay In 2011 and was intensively dedicated to Real Estate Research and practice. AMPI, NAR, ABR, GREEN, CIPS, RSPS Certifications achieved as part of traditional real estate training. After 2015, to widen the scope, his focus was to exceed expectations for Developer clients for Tourist Areas, so hundreds of hours of training with the bests made it possible to show extraordinary results in all Real Estate Developments involved today.

As Business Architect and Concept Advisor for Developments, the whole 360 of Real Estate Development Business experience was achieved. A strong sense of balance in the quality of life, cultural respect, environmental care, and purpose has always been part of the core concepts proposed in all projects involved.

Before his advocacy to Real Estate Industry, he became Industrial Engineer, Enterprise Organization, and Advanced Management Specialist. He was on IT consulting services and mid-size corporations projects for 25 years. Always available. Pedro is a problem solver, out-of-the-box thinker, and doer, continuously needing to improve everyone’s life.

Pedro supports all the MexLife Real Estate Advisors in their everyday tasks and interaction with clients. His primary purpose is to enhance the experience of everyone who interacts with MexLife and to keep company standards ahead through high-quality services and innovation.

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