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The city also has the largest expat population drawn to Lima by the many job opportunities. Because of this, there is a large and diversified rental market, with a huge range of properties on offer across the city to suit all budgets and preferences, so you shouldn't have a problem finding the right place to call home.

Neighbourhoods

The most popular neighbourhoods in Lima for expats are Miraflores, San Isidro, Surco, La Molina, Monterrico, Chacarilla, and Barranco, each one having its own characteristics and advantages. Miraflores, for instance, boasts beautiful ocean views and is in close proximity to many shops, restaurants, and cafes. San Isidro is a financial centre, hosting several banks and other companies, along with upscale residential areas. La Molina, although much further away from the commercial centres, offers a better climate, away from the seaside fog that plagues other neighbourhoods.

If you have children, you'll also want to think about proximity to schools, as traffic in the morning is particularly bad. While these are the districts that are recommended, there are also others which should be avoided for security reasons, frequently plagued by burglars and other crime.

If you're already in Lima, it's a good idea to visit the different neighbourhoods to get a feel for where you'd like to live. There are many hotels and serviced apartments that can serve as a base for a few weeks while you make your choice.

Rent prices

Although it's the most expensive in Peru, you'll find that Lima rental prices are quite modest compared to Western European and American standards. This does depend on the neighbourhood, however, and there are some sought-after areas in Miraflores and San Isidro that will compete with prices abroad. Prices will also vary depending on the age and style of the property and whether it comes furnished or unfurnished. There are many new apartment buildings in Lima, offering modern decor and finishing.

To rent a studio or one-bedroom apartment in Miraflores, you will need an average of 1,200 to 2,500 New Peruvian Soles (PEN) a month. A modern three-bedroom apartment in Miraflores will range from 4,000 to 8,000 PEN.

With many young professionals and expats, there are also many apartment sharing options, where you can rent just one bedroom in a shared apartment, thus keeping the costs down. There are several websites and forums that advertise for these.

Find accommodation

As Lima is one of the major Peruvian cities, the demand for accommodation is quite high. For this reason, many expats seek out the assistance of a real estate agent in their search. Many international real estate companies have offices in Lima, along with local companies. You can also browse the internet, and there are many websites showcasing what's currently available for rent in Lima. Another good idea is to walk around the neighbourhood you want to live in, and look out for the 'se alquila' signs, meaning 'for rent'.

Rental contracts

Be sure to check the contract carefully before signing, as it might be quite different to what you'd expect in your home country, particularly in relation to landlord and tenant responsibilities. Most properties have a monthly service charge (mantimiento) that covers communal costs like security and elevator maintenance, which the tenant usually pays on top of the rent. On the other hand, municipality taxes are usually paid by the landlord. Also, check things like the notice period for ending the tenancy and any charges for breaking the contract early.

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