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Home Real Estate

Rental Apartment In Santiago, Chile

Kathleen Peddicord by Kathleen Peddicord
Feb 23, 2012
in Real Estate
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Living in Chile - Santiago at night
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“Ask Local”…And Other Tips For Finding A Rental Overseas

“When I arrived in Santiago, Chile, tired and jet-lagged from Morocco,” writes Latin America Correspondent Jody Hanson, “I went straight to the real estate agent, rented the first place I saw for a month, and moved in straightaway. My theory was that, from this base, I could take time to look for a ‘good’ place to live. In hindsight, it was poor planning.

“For starters, the apartment was on the ninth floor in a new building, one of those hideous places that all look the same. Second, I ended up paying a ridiculous ‘finder’s fee’ to the real estate agent (who’d made but a single phone call on my behalf). Finally, because I was staying only a month, I had to pay an ‘additional cost’ and absurd extras like a ‘final cleaning charge,’ even though I left the apartment in better shape than I’d found it.

“The apartment was south-facing and very cold in July. Further, the view looked straight into a grey concrete parking garage, dotted with cars. The landlord neglected to warn me about electricity costs, so we ended up having an altercation about the bill.

“Still, the place did serve its purpose…

“Two weeks later I found the funkiest place I’ve ever lived–a studio apartment with a loft overlooking the Plaza de Armas, the historical and cultural heart of Santiago. Pamela Viodosola, the architect who owns the apartment, kindly held it for me for two weeks so I didn’t have to pay double rent.

“My rent was the equivalent of US$425 per month (at today’s exchange rate). In addition, I paid US$95 per month in building fees. Electricity came in at about US$45 a month. There was no charge for water because Portal Fernandez Concha is one of two buildings in the city with its own well. An Internet modem (the most expensive option because you have to buy credit) would have cost US$65 a month, but the office next door gave me their password (I drop off the occasional bottle of wine).

“In Santiago, as anywhere, rents for furnished apartments vary greatly, depending on the area where you want to live and the condition of the building. In Chile, there’s another important variable–the fluctuating U.S. dollar, which means that, for dollar-holders, rent amounts can (and do) change all the time.

“In Chile it is also important to keep an eye on the ‘hidden’ fees that aren’t covered in the basic rent quoted–including building fees (apartment buildings generally have 24-hour doormen, who have to be paid); weekly cleaning (that you may or may not want); utility payments; Wi-Fi (about US$20 per month is about standard with an apartment rental); and agent’s fees. Also ask about the minimum rental time. For some places it is one month, for others three.

“How do you process all this? Well, a one-bedroom apartment in the city center advertised as available for US$480 a month in rent may work out to cost you about US$700 a month once all these other fees have been taken into account.

“If you are thinking of parachuting into Santiago to check it out as a retirement possibility, I’d advise staying initially in a hostel with cooking facilities if you are on a budget or in a hotel close to good restaurants if you prefer to eat out.

“From this temporary base, view furnished apartments online and organize inspection tours. Look for places that are close to the metro. If you enjoy cool temperatures, go with a southern view; for warmth, look to the north.

“The neighborhoods of Providencia and Ñuñoa are great for families with older children. Las Condes and Vitacura are ideal if you want to live close to work. It is also quiet in those areas, as there aren’t many bars or much nightlife. The historical center of Santiago, the districts of Barrio Brasil and around Plaza de Armas, is the most charming, with lovely old buildings. 

Crowd Gathered in Santiago, Chile
Crowd Gathered in Santiago, Chile
Overlooking a plaza in Santiago
A Beautiful Day in Santiago
Plaza in Santiago, Chile with food carts
Santiago is a lovely city, with some of South America’s best architecture
Statue showing the culture abundant in Santiago
Statue in Santiago, Chile

“The best way to find the best deal, as anywhere, is to ‘ask local.’ That is, ask everyone you meet if they know of a place for rent in the area where you’re interested in living. Another option is to walk around the neighborhood where you want to live looking for ‘Se Arrienda‘ signs in the windows.

“The next time I pack my two suitcases and carry-on to move on to another country, I’ll take my own advice and slow down. As well as saving money, it will spare me the annoyance of having to go to bed in the middle of the day to keep warm.”

Kathleen Peddicord

Tags: 'Chile'Finding Furnished Rentals OverseasRentals In Santiago
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Kathleen Peddicord

Kathleen Peddicord

Kathleen Peddicord has covered the live, retire, and do business overseas beat for more than 30 years and is considered the world's foremost authority on these subjects. She has traveled to more than 75 countries, invested in real estate in 21, established businesses in 7, renovated historic properties in 6, and educated her children in 4.

Kathleen has moved children, staff, enterprises, household goods, and pets across three continents, from the East Coast of the United States to Waterford, Ireland... then to Paris, France... next to Panama City, where she has based her Live and Invest Overseas business. Most recently, Kathleen and her husband Lief Simon are dividing their time between Panama and Paris.

Kathleen was a partner with Agora Publishing’s International Living group for 23 years. In that capacity, she opened her first office overseas, in Waterford, Ireland, where she managed a staff of up to 30 employees for more than 10 years. Kathleen also opened, staffed, and operated International Living publishing and real estate marketing offices in Panama City, Panama; Granada, Nicaragua; Roatan, Honduras; San Miguel de Allende, Mexico; Quito, Ecuador; and Paris, France.

Kathleen moved on from her role with Agora in 2007 and launched her Live and Invest Overseas group in 2008. In the years since, she has built Live and Invest Overseas into a successful, recognized, and respected multi-million-dollar business that employs a staff of 35 in Panama City and dozens of writers and other resources around the world.

Kathleen has been quoted by The New York Times, Money magazine, MSNBC, Yahoo Finance, the AARP, and beyond. She has appeared often on radio and television (including Bloomberg and CNBC) and speaks regularly on topics to do with living, retiring, investing, and doing business around the world.

In addition to her own daily e-letter, the Overseas Opportunity Letter, with a circulation of more than 300,000 readers, Kathleen writes regularly for U.S. News & World Report and Forbes.

Her newest book, "How to Retire Overseas: Everything You Need to Know to Live Well (for Less) Abroad," published by Penguin Random House, is the culmination of decades of personal experience living and investing around the world.

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