La Ronda is just around the corner

Monday, February 9, 2015

For these of you who want decent but cheap short term accommodations in Quito. February 2015.

Quote from Craigslist Ecuador
"We require an apartment in Quito , furnished , close to public transportation and supermarket. In a safe neighborhood. Required for 2 months rent , may extend for another month if required.Bedrooms : preferably 2 bedrooms, rent $250 to $350."
end of quote

another Quote from Craigslist Ecuador
$300 Rental Needed for Family in Quito near "la mariscal " or nearby.
Hoping to find a good furnished 2 bedroom apartment before we arrive. We will be in Quito beginning of March. Budget is tight, want to see what is out there.
end of quote

It is mathematically and realistically impossible to have in Quito:
a good furnished 2 bedroom apartment
Short term (utilities included)
In a safe neighborhood (there are no such thing as a safe neighborhood in Ecuador, by the way)
Close to public transportation
For this price, $250 - $350 per month.

Appliances, furnishing, bedding, household items are more expensive in Ecuador than in US. To fully equip two bedroom apartment would cost at least five thousands or more.  
Amortization of $5000 for five years
$5000:5:12 = $83.5 per month

Association fee from $20 to $100 monthly(average $60), depends on type of apartment

Utilities, including internet  $80 -$100 monthly

Total landlord expenses monthly:  $84 plus $60(average association fee) plus $90 (average utilities) = $234

Cleaning for every guest - $20 for the cleaning person, $5 for supplies, etc
Maintenance, per year, at least $100, sometimes more.

And I even didn't include acquisition cost of apartment. Cost of apartments in Quito went up tremendously: almost tripled since 2007 because cost of labor and construction materials doubled, tripled since 2007.


Monthly rental in Quito, for tourists and expats.
We have a 2 bedroom, 1 bath totally remodeled
Colonial Quito, furnished apartment for rent.
For booking, pictures and more info


Rental in Quito, for tourists and expats.
3 bedroom, 1 bath remodeled
Colonial Quito, furnished apartment for rent.
For booking, pictures and more info