Curious about the performance of short-term rentals in Lima, Peru? Over the last year, the average occupancy rate was 59% with an ADR (Average Daily Rate) of 43€. Hosts earned on average 737€ per month.

90-day occupancy forecast for Lima so you can update rates and stay ahead of competitors.
Key metrics to optimize your pricing strategy
Avg. Monthly Revenue
737€
$671 USD
YoY Revenue Change
-4%
vs. previous year
Occupancy Rate
59%
~18 days/month
Average Daily Rate
43€
$39 USD
Seasonality Index
40%
demand variation
Best Months
January, February
peak season
Worst Months
September, June
low season
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Over the analysis period June 2025 to May 2026, Lima averaged 59% occupancy across roughly 213 booked nights a year, with an ADR of 43€ (about $39) and average monthly revenue of 737€ (about $670). Against the two-city Peru sample in our data, Lima runs roughly three to four points above the national average occupancy of about 55% and sits well above the national ADR of around 37€, making it the country's stronger market on both rate and fill, and far ahead of Cusco's 463€ monthly figure.
Year-on-year revenue is down about 5%, a modest softening rather than a collapse, while seasonality reads 40%, meaningful swing between the summer peak and winter trough but less volatile than highland markets like Cusco at 46%. The takeaway: Lima rewards steady, well-priced year-round operation more than chasing a single high season.
Average occupancy rate by month in Lima, compared with the same month a year earlier.
| Month | Occupancy | Prior year |
|---|---|---|
| Jul 2025 | 61.2% | 62.5% |
| Aug 2025 | 58.5% | 61.2% |
| Sep 2025 | 58.8% | 61% |
| Oct 2025 | 62% | 62.8% |
| Nov 2025 | 67.3% | 64.6% |
| Dec 2025 | 55.3% | 60.7% |
| Jan 2026 | 64% | 62.5% |
| Feb 2026 | 66% | 67.8% |
| Mar 2026 | 60.3% | 62.2% |
| Apr 2026 | 58.6% | 62.6% |
| May 2026 | 60.9% | 57.4% |
| Jun 2026 | 56.5% | 57.8% |
📌 Historical trends reveal seasonal highs – plan accordingly.
These figures reflect real-time demand in Lima, helping you plan and price strategically.
Lima is Peru's capital, its main international gateway via Jorge Chávez Airport, and the country's largest short-term-rental market. Most guests are international arrivals using the city as the start or end point of a wider Peru itinerary toward Cusco, Machu Picchu and the Amazon, so stays cluster around a night or two before onward flights. Demand splits between leisure travellers drawn by the historic centre, the coastal Malecón and a world-ranked gastronomy scene (Central, Maido and the broader ceviche-and-anticuchos culture), and corporate visitors working with the banking and mining headquarters concentrated in San Isidro.
For managers this means a market built on short, transient bookings rather than long holiday weeks. The bulk of tourist-oriented supply sits in Miraflores, Barranco, San Isidro and the Centro Histórico; airport-adjacent and clifftop-view units turn over fastest. Listings that handle late-night arrivals, offer secure transfers and lean into food-tourism logistics tend to outperform.
Lima's calendar is inverted from the Andean highlands. The API records best months in January and February, which is the coastal summer (December–March) when skies clear, beaches fill and domestic plus international leisure demand peaks; the weakest months are September and June, deep in the grey winter garúa when persistent coastal fog discourages beach-led stays.
Events punctuate the off-summer months and create demand spikes worth pricing for. Fiestas Patrias (Independence Day, 28–29 July) drives a national-holiday surge with parades and the military procession in Lima. October is dominated by the Señor de los Milagros processions, the largest religious gathering in South America, peaking around 18 October. Lima's own foundation anniversary falls on 18 January, and food-tourism events in September add shoulder-season nights to an otherwise soft winter.
Miraflores is the default tourist base: clifftop ocean views, the Malecón, restaurants and the highest, most reliable occupancy, making it the safe choice for transient leisure guests. Barranco, just south, trades on bohemian, artsy nightlife and galleries and draws a younger, design-led traveller willing to pay similar nightly rates. San Isidro is the financial and corporate district around El Olivar park; it skews toward business stays, weekday demand and longer corporate bookings rather than weekend tourism.
The Centro Histórico carries the UNESCO-listed colonial core and budget-oriented sightseeing demand but thinner premium pricing. Many condominium buildings in Miraflores and Barranco enforce internal rules limiting or banning short lets, so confirm the building's co-ownership statute before committing a unit there.
Peru has no single national short-term-rental licence, and in practice almost no Lima listings hold one; the framework is layered across tax rules and municipal ordinances rather than a dedicated STR law. Hosts earning rental income regularly are expected to register with the tax authority SUNAT and obtain a RUC tax number, declaring the income, rental earnings are treated as taxable, and foreign-currency or service-style operations can attract IGV (VAT) depending on how the activity is structured.
At the local level, district municipalities such as Miraflores and Barranco can impose zoning, safety and operating conditions, and individual condominium buildings frequently enact internal statutes that restrict or prohibit short lets outright. Verify both the district rules and the building's co-ownership agreement before listing, and treat professional tax advice as standard given the evolving environment.
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* Calculations based on 30 days/month. Actual results may vary depending on market, season, property type, and implemented strategy.
Lima averaged about 59% occupancy over the June 2025 to May 2026 analysis period, equal to roughly 213 booked nights a year. That runs three to four points above the Peruvian city average of around 55% in our data, making Lima the country's strongest market for reliable year-round fill, ahead of Cusco.
The coastal summer of January and February is the strongest window, when clear skies and beach demand peak. September and June are the weakest, during the grey winter garúa fog. Independence Day (28–29 July) and the Señor de los Milagros processions in October create useful off-season demand spikes to price for.
There is no single national short-term-rental licence and almost no listings hold one, but hosts earning rental income regularly should register with SUNAT for a RUC tax number and declare it as taxable income. District municipalities may add zoning or safety rules, and many condominium buildings ban short lets outright.
Miraflores is the safest tourist base with clifftop ocean views and the highest occupancy, followed by artsy Barranco for younger leisure guests. San Isidro suits corporate and weekday stays around its financial district. The Centro Histórico draws budget sightseers. Check building co-ownership rules before committing in Miraflores or Barranco.