What You Need to Know
- William Hutt
- Feb 19
- 3 min read
Investing in a Rental Condo in Puerto Vallarta’s Romantic Zone and Amapas: What You Need to Know
If you’ve been thinking about investing in a rental condo in Puerto Vallarta, you’re not alone. The Romantic Zone and neighboring Amapas are the most sought-after locations for vacation rentals, and for good reason. These areas offer the perfect mix of walkability, beach access, nightlife, and dining—making them a goldmine for investors looking to capitalize on the city’s booming short-term rental market.
As Will Hutt, The PV Insider and a realtor with Coldwell Banker La Costa, I’ve seen firsthand how this market has evolved. Let’s dive into what makes these neighborhoods prime investment opportunities, what kind of returns you can expect, and what to consider before making a purchase.
Why the Romantic Zone & Amapas Are Investor Favorites
The Romantic Zone (Zona Romántica) is hands-down the most popular area for tourists and digital nomads. It’s packed with top-rated restaurants, bars, galleries, and boutique shopping. Plus, it’s one of the most LGBTQ+-friendly destinations in Mexico, drawing a diverse and affluent crowd.
Amapas, located just above the Romantic Zone, offers a more tranquil setting while still being within walking distance to all the action. Many properties here boast breathtaking ocean views, making them a hot commodity on platforms like Airbnb and VRBO.
Rental Demand & Nightly Rates
Vacation rentals in these areas command some of the highest rates in Puerto Vallarta. Here’s what you can expect per night in high season (December-April):
1-bedroom condo: $150 - $250 USD per night*
2-bedroom condo: $250 - $450 USD per night*
3-bedroom condo: $400 - $800+ USD per night*
In low season (May-October), these prices typically drop by 30-50%, but occupancy remains strong thanks to remote workers and long-term travelers, also the new highway from Guadalajara has. Our summer months filling up.
What’s the Best Investment? 1, 2, or 3 Bedrooms?
While all unit sizes can perform well, the sweet spot for most investors tends to be 2-bedroom condos. Here’s why:
1-bedrooms have great occupancy rates but can be limited in their ability to attract larger groups or families.
2-bedrooms cater to couples, families, and friend groups, allowing you to charge significantly more per night than a 1-bedroom while still keeping your calendar full.
3-bedrooms can command top dollar, but they require a larger upfront investment and may have a slightly lower occupancy rate due to their higher price point.
Expected ROI
Investors in the Romantic Zone and Amapas typically see annual occupancy rates between 65-85%, depending on pricing strategy, marketing, and management. With strong rental demand, ROI in this area generally falls between 7-12% annually, making it one of the best-performing markets in Mexico for short-term rentals.
Things to Consider Before Buying
HOA Fees – Many condos in these areas have higher HOA fees due to amenities like pools, gyms, and security. Factor this into your numbers.
Rental Restrictions – Rare but some buildings prohibit short-term rentals, so it’s critical to check the rules before buying.
Property Management – If you’re not planning to be hands-on, a good property management company is a must. They’ll handle guest check-ins, cleaning, and maintenance. I can help you find the right manager for you.
Seasonality – High season is a money-maker, but the ability to attract long-term renters in the off-season can significantly impact your yearly ROI.
Resale Value – These neighborhoods are only growing in popularity, meaning appreciation potential is strong, but buying in a well-managed building with solid infrastructure is key to long-term value.
Ready to Invest? Let’s Make It Happen
Buying a rental condo in the Romantic Zone or Amapas is one of the smartest investments you can make in Puerto Vallarta. Whether you're looking for an income-generating vacation home or a full-fledged rental property, I can help you find the perfect fit.
As The PV Insider, I have my finger on the pulse of this market and access to the best listings before they hit the general market. If you’re ready to explore your options, let’s talk!
📩 DM me or reach out at will.hutt@cblacosta.com or on Instagram at @BeachPleasePVR and let’s find your perfect rental investment in Puerto Vallarta!
Visit my YouTube channel at
Will Hutt
The PV Insider
Coldwell Banker La Costa
*Prices based on average. The information provided in this article is for general informational purposes only and should not be considered financial or investment advice. Market conditions, rental rates, and ROI projections can fluctuate based on various factors, including economic trends and local regulations. Potential buyers should conduct their own research, and due diligence.
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