Our Guide on Renting or Buying a Home in Costa Rica

Jump right in:

• Renting a House or Apartment
• Average Rent in Costa Rica
• Rental Process and Rules (for the Landlord and Tenant)
• Short-Term Rentals
• Buying Property as a Foreigner
• Utilities
• Internet and Mobile Phones

Renting a house or apartment

Figuring out how to rent a house or apartment in Costa Rica is simple. Foreigners are given the same rental rights as legal residents, and it is even possible to rent a place while only having a tourist visa.

Renting in Costa Rica as a foreigner

How do you rent an apartment or house in Costa Rica as a foreigner? The most important thing you should keep in mind is not to begin your search for long-term accommodation until you are in the country. Most Ticos and foreign residents in Costa Rica find their home through word-of-mouth. Searching online is popular but if you are not yet in the country, you run the risk of being scammed and putting money in a place that is less than ideal (or, worse, does not exist at all).

Other popular ways for looking for a home in Costa Rica are

• realtor companies;
• classified ads in newspapers and magazines;
• announcements posted in shops and community areas.

We suggest booking temporary accommodation first. As the housing market in Costa Rica is fairly competitive, it is best to book a temporary stay for one or two months. You can read more about this in our Short-Term Rentals section below.

Tips for your house search

• June, July, and August are the best months to look for secure accommodation. These are not peak tourist months and therefore there will be more places available, most likely at a reasonable price. May is also not a high tourist season, but Tico landlords are known for not being terribly active during this month because they have just finished with a profitable tourist season.
• If you commit to a lease for a year or more, you may be able to get a slight discount on your rent.

Types of houses in Costa Rica

Expats typically rent apartments or standalone houses in Costa Rica. These can range from basic units to luxury accommodation with pools and private gyms.

Which is better: furnished or unfurnished?

You can find both furnished and unfurnished rentals in Costa Rica. Furnished rentals tend to be more expensive because you will be paying both for the accommodation and the items inside. Expats should keep in mind that in this country, “unfurnished” can often mean that a property does not come with large appliances such as a refrigerator, stove, or washer/dryer.

Average rent in Costa Rica

How much is the rent in Costa Rica? Like everything in the Pura Vida (“pure life”) country, the average rent for accommodation will vary greatly depending on your lifestyle. The average rental price is around 11.09 USD/m² for apartments. Based on this, a one-bedroom apartment typically costs between 444 and 665 USD per month, depending on the location and size. For houses, the average price is around 9.05 USD/m². A large three-bedroom house usually costs between 1,000 and 1,800 USD per month or more.

Minimum rent for houses in Costa Rica

Compared to other popular expat destinations such as Japan or the UAE, Costa Rican rent prices stay relatively low. The cheapest place to rent in Costa Rica is in the mountains. Most foreigners move to the country for the tropical beaches, so mountain towns are not as popular as coastal ones. The lowest rent you are likely to find in the country is 204,000 CRC (400 USD) for a one-bedroom apartment. It is possible to find something even lower if you are willing to rent just one room in a shared house.

Rental process and rules

The rental process in Costa Rica is similar to many other countries around the globe: once you find a place that you like, you will inform the landlord, pay a security deposit, and move in. Unlike applying for a work permit, this is not a lengthy process. Because competition for accommodation is so high in the country, you should have a few options in mind. Landlords will typically tell you straight away whether an apartment is yours or not.

Rental contract and deposit

Signed paper contracts are common in Costa Rica. If someone tries to make you have a verbal agreement for a property, do not accept it. Be sure to keep a copy of the lease for yourself. It will most likely be in Spanish. If you are not confident in your Spanish skills, consider hiring an agent or lawyer to make sure everything in the contract is legal and valid.

Terms and conditions

Costa Rican law states that the minimum duration for rental contracts is three years, which protects the tenant’s rights. Even if a shorter period is written in the contract, the tenant has the option to renew and stay for up to three years.

That being said, your deposit should only be equal to one month’s rent. Be wary of any landlord who asks for more. If you are moving to a space that allows pets, expect to pay a pet deposit, too.

Payment methods depend on what you agree upon with the property owner. Deposits can be made in cash, via bank transfer, or through other mutually accepted means.

Terminating a contract

Although long-term rental leases are typically for three years, it is common practice not to fulfill the entire contract. While some landlords may choose to retain the deposit if you leave early, legally they are only allowed to do so if there are damages or unpaid bills. Your right to receive the deposit back depends on meeting the conditions of the contract and returning the property in good condition, regardless of how long you stayed. Keep in mind, it is customary for landlords to not return your deposit for a period of 30 days to account for any extra bills or damages.

Requirements and documents for renting

Requirements to rent in Costa Rica will depend on each individual landlord, but you will typically only need to show your passport. You do not need to be a resident of the country, nor hold a visa, to rent an accommodation.

Other documents landlords may ask for are:

• a letter of reference from your previous landlord;
• proof of sufficient finances.

Utility bills: payment

You do not need to be a legal resident of Costa Rica to register for utilities. In many cases, a valid passport and a rental contract are sufficient. Because of this, it is common practice for landlords to register for utilities and include the price in your rent. Utilities are billed one month ahead of schedule. This means that when you move into a residence, you will not pay for utilities until the following month.

You can read more about utilities below.

Short-term rentals

As an expat, it’s a good idea to book a short-term rental for when you first arrive in Costa Rica. If you are relocating with your family, this will give everyone a place to stay while you deal with the other hassles of settling-in. If you are moving to the country by yourself, having a place lined up will provide some stability while you figure out everything you need to make this Latin country your new home.

Because Costa Rica boasts a competitive housing market, we suggest booking a temporary rental for one or two months. This will give you plenty of time to search for the perfect home.

Short-term rentals: average price

Short-term rentals tend to be more expensive when rented by night or week, but if you book for one or more months, prices often align with long-term rates — around 11.09 USD/m² for apartments and 9.05 USD/m² for houses. For example, a 55 m² apartment would cost around 311,000 CRC (610 USD) per month, while a 90 m² house would be about 415,000 CRC (815 USD) per month. Keep in mind that, according to Costa Rican law, any rental contract is legally considered to last three years, even if initially agreed for a shorter period. If you rent through a company that only provides short-term properties, such as Airbnb or VRBO, you can expect to pay a higher amount.

Short-term rentals: what documents do I need?

To rent short-term accommodation you do not need anything other than your passport. Depending on how long you rent, you may be asked for a security deposit. This should be returned to you as long as you do not break your contract or damage the property.

Short-term rentals: things to know

• While there are many hotels and bed-and-breakfasts available throughout the country, it is also possible to find fully equipped apartments for a short-term lease.
• If you book a monthly furnished rental, you may be charged a cleaning fee or be asked for a security deposit on the furniture.
• Short-term rentals in Costa Rica are anything leased for less than six months.

Buying property as a foreigner

Do you want to know how to buy a house or property in Costa Rica as a foreigner? Expats in Costa Rica have the same rights to purchase a home as residents do. Unlike some countries where non-residents must wade through loads of requirements, those looking to own property in the country of Pura Vida will find the process simple and straightforward.

Whether you are looking for a second family home or a place to spend your retirement, our guide on buying a home in Costa Rica will walk you through everything you need to know to find your dream accommodation.

Types of property available in Costa Rica

Most expats purchasing property in Costa Rica choose to settle in the capital city, San José. This city is by far the largest in the country, and it offers residents a great balance of city conveniences within a laidback tropical vibe. San José is in the mountain region of Costa Rica, which lends itself to cooler temperatures when compared with the coastal areas. Beaches are also only about one to two hours away depending on where in the city you live.

There is no restriction to the types of property foreigners can buy. Housing choices range from standard apartments to condominiums, standalone homes, and even larger estates. It is also possible to purchase land in Costa Rica and build your home from scratch.

Costa Rica house prices

House prices in Costa Rica have risen in recent years due to the influx of foreigners. Costs are typically listed as “price per square meter.” On average, apartments cost around 1,195,971 CRC/m² (2,345 USD), and houses cost about 1,006,180 CRC/m² (1,970 USD). Prices across the country will vary depending on whether you live in one of the cities, popular beach towns, or in a smaller village. Many foreigners choose to live in condominiums or gated communities, which are more expensive than other types of homes. In general, expats can expect to pay between 130,000 and 250,000 USD for a house, depending on the location and features.

Minimum house price

The most affordable housing prices currently available in Costa Rica are found in Puerto Viejo de Talamanca, where the average price for an apartment is 856,962 CRC per square meter (approximately 1,680 USD/m²). In San José, the lowest house prices are around 624,413 CRC per square meter (approximately 1,224 USD/m²). Be aware that if you choose a condo, you will also have to pay monthly Homeowners Association (HOA) fees. These can tack on anywhere between 25,500–102,000 CRC (50–200 USD) per month. HOA fees in these upper-tier luxury communities generally range from 127,500 to 280,500 CRC (250 to 550 USD) per month.

Process and steps for buying a house in Costa Rica

Buying property in Costa Rica is a little similar to renting a place in that it is best to wait to put money down until you can search in person. Often, one of the best ways expats have found housing is by narrowing down in which region/town they want to live and then renting a car and looking for signs that say se vende (“for sale”).

If you hire an agent

Hiring a local realtor is a great solution for expats. A realtor will not only be able to help you find the right accommodation according to your needs and budget, but they will prevent you from falling victim to a scam.

Expats should take note that realtors in Costa Rica are not required to have a license. When looking for the right realtor, be sure to check that they are associated with a reputable real estate association, the National Association of Realtors (NAR), Costa Rican Real Estate Association (CCBR), or the Costa Rican Guanacaste Association of Real Estate (CRGAR).

Make an offer

When you find the right home, you (or you and your realtor) will need to write an official offer stating what you are willing to pay and your conditions. This offer will be presented to the seller, who will then accept, negotiate, or refuse. Once a mutual agreement is made, the buyer and seller will draw up an official contract to sign. At the time of signing, the buyer will need to make a deposit. This is usually 10% of the cost of the property.

When making an offer, it typically takes about two weeks before signing a contract and handing over a deposit. It is also common in this country to handle all legal transactions through a third party, such as a lawyer.

Closing

The final closing of a house can take anywhere from 30-60 days. You will need to make sure all deeds associated with your new property are submitted to the Public Registrar. Keep in mind that all these documents will need to be in Spanish.

Getting a mortgage

Unless you are a legal resident of Costa Rica, you cannot get a mortgage from a bank. You will instead need to finance your purchase through your own funds such as savings or retirement pensions.

Requirements to buy property in Costa Rica

As stated before, non-residents have the same rights to purchase property in Costa Rica as residents do. When making an offer on a house, you will most likely be asked for

• a valid ID, such as your passport;
• proof of financial status.

Maritime zone

Foreigners can generally purchase property in Costa Rica without restrictions. However, beachfront land within 200 meters of the high tide line is an exception, as it falls under the country’s Maritime Zone Law. If you’'re hoping to buy beachfront property, keep in mind that the first 50 meters are public and cannot be owned or developed. The next 150 meters can only be leased through a concession, and at least 51% of that concession must be held by a Costa Rican citizen or a Costa Rican company.

Buying a house in Costa Rica for permanent residency or citizenship

Can you buy a house in Costa Rica and get a visa? Yes, you can with Costa Rica’s investor visa. This visa is temporary and requires an investment between 150,000 and 200,000 USD (approximately 76,500,000 to 102,000,000 CRC).

To apply, foreigners must invest this amount into the local economy, which can be done by purchasing real estate. There is no legal limit on the number of properties you can buy — you may invest in one or several, as long as the total value meets the minimum requirement.

This purchase permits visa holders to live in Costa Rica for at least two years before they are able to apply for permanent residency.

Utilities

Whether you are renting or buying in Costa Rica, you may need to know about the utility companies available. For most renters, landlords will prefer to keep the utilities in their name. This will save you the hassle of setting up the utilities or activation fees. The cost for the utilities will either be included in your rent at a flat rate or your landlord will send you the bills once a month.

Things to know

Keep in mind that utility payments are usually one month behind schedule. This means, if you move into a place in June, you will not pay until July. When you move out, this may be confusing because it may look as though you are being asked to pay for a month when you were not there.

If you purchase property, it is recommended to transfer the utility accounts into your name to ensure proper billing and legal responsibility. Although the process can be inconvenient, maintaining your name on the account helps avoid potential issues and ensures full control over the service.

Utility companies and providers

When it comes to water and electricity, Costa Rica has both public and private providers. Most residents use government-owned services.

Gas

Gas is commonly used in Costa Rica, with around 45% of households relying on it as a primary energy source, mainly for cooking.

Electricity

The Compañía Nacional de Fuerza y Luz (CNFL or National Company of Force and Light) is the most widely used public electricity service provider in the country. Depending on where you live in Costa Rica, you may also be able to use a local provider.

Water

Most of Costa Rica is serviced by the government-owned company, A y A. Other companies expats can look into include Asada, Coop, or ESPH, which is the public services provider in Heredia.

Required documents

To set up your own utilities, you will need to provide a valid passport and either a lease agreement or a property deed. You will also be asked to provide your lease as well as your bank information so that the company can establish direct withdrawals.

Internet and mobile phones

Knowing how to get a SIM card and set-up your cell phone and internet is one of the first things you’ll want to take care of when moving to any country.

How to get a SIM card and a phone plan in Costa Rica

To get a SIM card in Costa Rica, you will want to make sure you have an unlocked phone that can be used abroad. There are several providers you can choose from with a range of offerings. Plans for a single person are typically 11,300-17,000 CRC (20-30 USD) per month. You should only need a passport to register.

Recommended cell phone companies

• Kölbi (also called ICE; this is the government-owned provider)
• Claro
• Liberty

Costa Rica internet and television

Most internet providers in the country will offer a combo package of WiFi and cable TV at a discounted price. Recommended providers will be similar to the ones offering SIM cards:

• Kölbi;
• Claro;
• Liberty

You can also sign up for a satellite TV package through Sky.

How to watch your home’s country TV in Costa Rica

If you are an expat from North America, it may be possible to catch some of your favorite TV shows on Costa Rica’s cable channels. Because of the proximity to North America and the heavy presence of US Americans and Canadians in the Pura Vida country, these shows are typically streamed in English rather than being in Spanish. You can also find popular news networks such as ABC, CBS, and NBC.

For other shows, or TV from other parts of the world, expats should turn to online streaming services, satellite TV, or VPNs.