What Are the Best Places to Invest in Airbnb in Puerto Rico?

Source: AirROI Reviewed by Jun Zhou , Founder @ AirROI
Updated:

The short-term rental market in Puerto Rico spans 44 cities tracked in AirROI's 2026 dataset, ranging from mature urban markets with thousands of active listings to emerging destinations where early operators still have pricing leverage. Supply growth, regulation, and seasonal demand vary significantly across the region — making market selection one of the highest-leverage decisions an Airbnb investor can make.

This page ranks the best Airbnb markets in Puerto Rico across four dimensions: market depth (active listings), revenue, nightly rate (ADR), and occupancy rate. San Juan, San Juan leads by market size with 1,152 active listings and $2,281/month revenue. Across all ranked markets, average occupancy is 37.8% with $1,943/month in average revenue and $222/night ADR. 44 of 44 markets carry a low regulation profile — a key consideration for investors evaluating compliance costs and time-to-market.

Rankings based on AirROI's analysis of 20,000,000+ short-term rental listings across revenue, ADR, occupancy, and regulation. See ranking methodology.

Top Airbnb Markets in Puerto Rico by Active Listings

Active listing count is the most direct measure of a market's depth, maturity, and investor confidence. Cities with the most Airbnb listings in Puerto Rico attract the highest volume of travelers and offer the most reliable benchmarking data for pricing and revenue projections. San Juan, San Juan leads with 1,152 active short-term rental listings and $2,281/month in average revenue.

#MarketActive Listings (TTM)Revenue/moADROccupancyRegulation
1San Juan, San Juan1,152$2,281$23147.3%Low
2Carolina, Carolina488$2,261$21149.6%Low
3Fajardo, Fajardo172$1,767$19838.1%Low
4Cabo Rojo, Cabo Rojo171$1,420$20431.4%Low
5Luquillo, Luquillo170$2,678$23345.2%Low
6Vieques, Vieques145$2,561$27642.1%Low
7Río Grande, Río Grande139$3,864$43242.4%Low
8Aguadilla, Aguadilla111$1,137$14637.8%Low
9Boquerón, Cabo Rojo109$1,326$20528.3%Low
10Rincón, Rincón102$2,590$23141.3%Low
11Dorado, Dorado71$3,861$50443.3%Low
12Humacao, Humacao70$2,477$28142.7%Low
13Arecibo, Arecibo67$703$13032.4%Low
14Isabela, Isabela64$2,376$20041.5%Low
15Aguada, Aguada56$1,953$22735.8%Low
16Palmas del Mar, Humacao46$3,091$29646.9%Low
17Ceiba, Ceiba41$1,295$15237.7%Low
18Municipio de Isabela, Isabela40$1,012$15139.6%Low
19La Parguera, Lajas37$1,526$20028.9%Low
20Medianía Alta, Loíza37$2,386$20048.3%Low
21Cayey, Cayey35$1,802$27429.6%Low
22Ponce, Ponce35$1,302$15037.9%Low
23Vega Baja, Vega Baja35$2,101$20945.1%Low
24Loíza, Loíza33$4,020$32643.6%Low
25Orocovis, Puerto Rico33$1,051$16623.5%Low
26El Combate, Cabo Rojo31$600$19421.6%Low
27Culebra, Culebra30$1,463$20637.3%Low
28Bayamón, Bayamón28$923$14437.5%Low
29Añasco, Añasco27$2,126$24833.2%Low
30Patillas, Patillas27$1,917$25028.8%Low
31Salinas, Salinas27$994$15930.7%Low
32Hatillo, Hatillo26$1,364$15537.8%Low
33Mayagüez, Mayagüez26$889$14935.6%Low
34Guayama, Guayama25$1,324$15538.0%Low
35Mameyes II, Río Grande24$3,724$34546.3%Low
36Guánica, Guánica23$4,452$38132.4%Low
37Lajas, Lajas23$999$14131.7%Low
38Toa Baja, Toa Baja23$1,213$13445.8%Low
39Caguas, Caguas22$756$13134.6%Low
40Cataño, Cataño22$1,119$17236.4%Low
41Levittown, Toa Baja22$908$13140.8%Low
42Sabana, Vega Alta22$4,900$45338.3%Low
43Puntas, Rincón21$1,422$17039.8%Low
44Puerto Nuevo, Vega Baja20$1,537$21136.6%Low

Most Profitable Airbnb Markets in Puerto Rico by Revenue

The most profitable Airbnb cities in Puerto Rico are those where hosts earn the highest average monthly revenue per listing — the single most telling indicator of a market's income potential. Sabana, Vega Alta leads with $4,900/month at $453 ADR and 38.3% occupancy. Whether you are evaluating your first STR investment or benchmarking an existing property, these top-earning Airbnb markets show where vacation rentals generate the greatest short-term rental income.

#MarketRevenue/moActive Listings (TTM)ADROccupancyRegulation
1Sabana, Vega Alta$4,90022$45338.3%Low
2Guánica, Guánica$4,45223$38132.4%Low
3Loíza, Loíza$4,02033$32643.6%Low
4Río Grande, Río Grande$3,864139$43242.4%Low
5Dorado, Dorado$3,86171$50443.3%Low
6Mameyes II, Río Grande$3,72424$34546.3%Low
7Palmas del Mar, Humacao$3,09146$29646.9%Low
8Luquillo, Luquillo$2,678170$23345.2%Low
9Rincón, Rincón$2,590102$23141.3%Low
10Vieques, Vieques$2,561145$27642.1%Low
11Humacao, Humacao$2,47770$28142.7%Low
12Medianía Alta, Loíza$2,38637$20048.3%Low
13Isabela, Isabela$2,37664$20041.5%Low
14San Juan, San Juan$2,2811,152$23147.3%Low
15Carolina, Carolina$2,261488$21149.6%Low
16Añasco, Añasco$2,12627$24833.2%Low
17Vega Baja, Vega Baja$2,10135$20945.1%Low
18Aguada, Aguada$1,95356$22735.8%Low
19Patillas, Patillas$1,91727$25028.8%Low
20Cayey, Cayey$1,80235$27429.6%Low
21Fajardo, Fajardo$1,767172$19838.1%Low
22Puerto Nuevo, Vega Baja$1,53720$21136.6%Low
23La Parguera, Lajas$1,52637$20028.9%Low
24Culebra, Culebra$1,46330$20637.3%Low
25Puntas, Rincón$1,42221$17039.8%Low
26Cabo Rojo, Cabo Rojo$1,420171$20431.4%Low
27Hatillo, Hatillo$1,36426$15537.8%Low
28Boquerón, Cabo Rojo$1,326109$20528.3%Low
29Guayama, Guayama$1,32425$15538.0%Low
30Ponce, Ponce$1,30235$15037.9%Low
31Ceiba, Ceiba$1,29541$15237.7%Low
32Toa Baja, Toa Baja$1,21323$13445.8%Low
33Aguadilla, Aguadilla$1,137111$14637.8%Low
34Cataño, Cataño$1,11922$17236.4%Low
35Orocovis, Puerto Rico$1,05133$16623.5%Low
36Municipio de Isabela, Isabela$1,01240$15139.6%Low
37Lajas, Lajas$99923$14131.7%Low
38Salinas, Salinas$99427$15930.7%Low
39Bayamón, Bayamón$92328$14437.5%Low
40Levittown, Toa Baja$90822$13140.8%Low
41Mayagüez, Mayagüez$88926$14935.6%Low
42Caguas, Caguas$75622$13134.6%Low
43Arecibo, Arecibo$70367$13032.4%Low
44El Combate, Cabo Rojo$60031$19421.6%Low

Most Expensive Airbnb Markets in Puerto Rico by Nightly Rate

The average daily rate (ADR) measures how much guests pay per night in each market, making it the clearest indicator of a city's short-term rental pricing power. Dorado, Dorado commands the highest Airbnb nightly rate in Puerto Rico at $504/night, generating $3,861/month at 43.3% occupancy. Markets with premium nightly pricing typically feature high-demand destinations where travelers pay a significant premium over hotel alternatives.

#MarketADRActive Listings (TTM)Revenue/moOccupancyRegulation
1Dorado, Dorado$50471$3,86143.3%Low
2Sabana, Vega Alta$45322$4,90038.3%Low
3Río Grande, Río Grande$432139$3,86442.4%Low
4Guánica, Guánica$38123$4,45232.4%Low
5Mameyes II, Río Grande$34524$3,72446.3%Low
6Loíza, Loíza$32633$4,02043.6%Low
7Palmas del Mar, Humacao$29646$3,09146.9%Low
8Humacao, Humacao$28170$2,47742.7%Low
9Vieques, Vieques$276145$2,56142.1%Low
10Cayey, Cayey$27435$1,80229.6%Low
11Patillas, Patillas$25027$1,91728.8%Low
12Añasco, Añasco$24827$2,12633.2%Low
13Luquillo, Luquillo$233170$2,67845.2%Low
14San Juan, San Juan$2311,152$2,28147.3%Low
15Rincón, Rincón$231102$2,59041.3%Low
16Aguada, Aguada$22756$1,95335.8%Low
17Puerto Nuevo, Vega Baja$21120$1,53736.6%Low
18Carolina, Carolina$211488$2,26149.6%Low
19Vega Baja, Vega Baja$20935$2,10145.1%Low
20Culebra, Culebra$20630$1,46337.3%Low
21Boquerón, Cabo Rojo$205109$1,32628.3%Low
22Cabo Rojo, Cabo Rojo$204171$1,42031.4%Low
23La Parguera, Lajas$20037$1,52628.9%Low
24Medianía Alta, Loíza$20037$2,38648.3%Low
25Isabela, Isabela$20064$2,37641.5%Low
26Fajardo, Fajardo$198172$1,76738.1%Low
27El Combate, Cabo Rojo$19431$60021.6%Low
28Cataño, Cataño$17222$1,11936.4%Low
29Puntas, Rincón$17021$1,42239.8%Low
30Orocovis, Puerto Rico$16633$1,05123.5%Low
31Salinas, Salinas$15927$99430.7%Low
32Hatillo, Hatillo$15526$1,36437.8%Low
33Guayama, Guayama$15525$1,32438.0%Low
34Ceiba, Ceiba$15241$1,29537.7%Low
35Municipio de Isabela, Isabela$15140$1,01239.6%Low
36Ponce, Ponce$15035$1,30237.9%Low
37Mayagüez, Mayagüez$14926$88935.6%Low
38Aguadilla, Aguadilla$146111$1,13737.8%Low
39Bayamón, Bayamón$14428$92337.5%Low
40Lajas, Lajas$14123$99931.7%Low
41Toa Baja, Toa Baja$13423$1,21345.8%Low
42Caguas, Caguas$13122$75634.6%Low
43Levittown, Toa Baja$13122$90840.8%Low
44Arecibo, Arecibo$13067$70332.4%Low

Highest Occupancy Airbnb Markets in Puerto Rico

The highest-demand short-term rental markets in Puerto Rico, ranked by Airbnb occupancy rate and filtered to markets with 300+ active listings.

#MarketOccupancyActive Listings (TTM)Revenue/moADRRegulation
1Carolina, Carolina49.6%488$2,261$211Low
2San Juan, San Juan47.3%1,152$2,281$231Low

How to Choose an Airbnb Investment Market in Puerto Rico

No single ranking tells the full story. The best Airbnb market for a given investor depends on their capital, risk tolerance, operating model, and income goals. The four ranking dimensions on this page — market depth, revenue, ADR, and occupancy — serve different investor profiles.

If you prioritize predictable cash flow, start with the occupancy rankings. Markets where occupancy exceeds 55% offer consistent bookings and lower vacancy risk. High-occupancy markets may not have the highest nightly rates, but their revenue stability makes them better suited for mortgage-backed investments where monthly debt coverage matters more than peak earnings.

If you're targeting maximum income per property, use the revenue rankings. Revenue is the product of nightly rate and occupancy — it captures the combined effect of both. The highest-revenue Airbnb markets in Puerto Rico tend to be destination cities where travelers stay longer and pay a premium for entire-home listings.

If you're evaluating luxury or premium positioning, the ADR rankings show where guests are willing to pay top dollar per night. High-ADR markets reward property upgrades, professional photography, and amenity investments. However, a high nightly rate with low occupancy may generate less income than a moderately priced listing that stays booked consistently.

If you want the deepest market data, the active listings rankings identify cities with the largest short-term rental supply. More listings mean more comparable properties for pricing, more data points for revenue projections, and typically a more liquid resale market if your investment thesis changes.

In all cases, check the regulation column before committing capital. A profitable market with high regulation may require permits, annual caps on rental days, or costly compliance steps that erode returns. Markets with low regulation offer faster time-to-market but may tighten rules as STR supply grows.

Short-Term Rental Regulation in Puerto Rico

Understanding the regulatory environment is critical for any Airbnb investment in Puerto Rico. Regulation affects licensing costs, annual operating limits, tax obligations, and the long-term viability of a short-term rental strategy.

Across the 44 markets ranked on this page: 44 have a low regulation profile (generally operator-friendly with minimal licensing requirements), 0 have medium regulation (some permit or registration requirements), and 0 have high regulation (strict licensing, annual rental day caps, or active enforcement). Markets with low regulation offer the lowest barrier to entry, while high-regulation markets may still be profitable — but require careful compliance planning and often limit the number of properties a single operator can manage.

AirROI classifies regulation as a market-level signal based on available ordinance data and platform registration patterns. This is not legal advice — always verify current local ordinances, as short-term rental rules can change rapidly, especially in high-growth markets where municipalities are actively responding to STR expansion.

How We Rank the Best Airbnb Investment Markets in Puerto Rico

This page ranks Airbnb markets in Puerto Rico across four dimensions that matter most to short-term rental investors and operators: market depth (active listings), revenue potential (monthly income per listing), pricing power (average daily rate), and booking demand (occupancy rate). Each ranking uses the same underlying dataset but sorts by a different metric, giving you multiple lenses to evaluate where to invest in Airbnb in Puerto Rico.

No single metric tells the full story. A market with high ADR but low occupancy may underperform one with moderate pricing and strong demand. Revenue captures the combined effect of rate and occupancy, while active listings signal whether a market has enough depth for reliable benchmarking and a liquid resale environment. We include regulation data alongside every ranking so you can weigh compliance risk before committing capital.

Ranking Methodology & Data Sources

  • Active Listings (TTM): The count of active short-term rental listings in each market over the trailing twelve months — a proxy for market maturity, data reliability, and investor confidence in Puerto Rico.
  • Monthly Revenue: Average gross revenue per listing per month — the bottom-line metric for evaluating Airbnb profitability in Puerto Rico and projecting cash flow.
  • Average Daily Rate (ADR): The mean nightly booking price across all active listings — the clearest measure of a market's short-term rental pricing power.
  • Occupancy Rate: Percentage of available nights booked — the demand signal that determines how much of your nightly rate converts to actual income. Occupancy rankings are filtered to markets with 300+ listings to exclude small markets with unreliable averages.
  • Regulation: An indicator of the local regulatory climate in Puerto Rico, from low (operator-friendly) to high (strict licensing and enforcement) — essential for assessing compliance risk.

All data is sourced from AirROI's proprietary analytics pipeline, which tracks 20,000,000+ properties across 190+ countries. Metrics are recalculated on a rolling basis using trailing twelve-month aggregates from active listings. For full methodology, see the data methodology page.

Frequently Asked Questions About the Best Airbnb Markets in Puerto Rico

These quick answers summarize the most common investor and operator questions using AirROI's latest market data for Puerto Rico.

What are the best places to invest in Airbnb in Puerto Rico?

San Juan, San Juan leads this ranking for Puerto Rico with 1,152 active listings — the largest market by depth. Markets are ranked by listing count because deeper markets offer more comparable data, more pricing benchmarks, and a more predictable operating environment for investors. Each row also shows revenue, ADR, occupancy, and regulation so investors can evaluate based on what matters most to them.

Which market has the highest Airbnb revenue in Puerto Rico?

Sabana, Vega Alta posts the highest average monthly revenue in this ranking at $4,900. Revenue leaders often combine healthy rates, solid occupancy, and enough listing scale to support repeatable operations rather than one-off outliers.

Which market has the strongest Airbnb occupancy in Puerto Rico?

Carolina, Carolina has the highest occupancy rate in this comparison at 49.6%. High occupancy can signal resilient demand, but investors still need to balance it against nightly rates, regulation, and supply depth before deciding where to buy or operate.

Which market has the highest Airbnb nightly rate in Puerto Rico?

Dorado, Dorado commands the highest average daily rate at $504 per night. A high ADR does not automatically translate to the highest revenue — occupancy and seasonality determine how much of that rate converts to realized income.

Which Airbnb markets in Puerto Rico have the lowest regulation?

San Juan (San Juan), Carolina (Carolina), Fajardo (Fajardo) currently show low regulation profiles in this ranking. Lower regulation can reduce compliance costs and time-to-market for new hosts, but investors should always verify local ordinances before purchasing — rules can change quickly as short-term rental markets grow.

Is short-term rental investing still profitable in Puerto Rico in 2026?

The markets ranked here average 37.8% occupancy, and the top performer posts $4,900 in monthly revenue. Profitability depends on property acquisition cost, local operating expenses, and regulation compliance — but the data shows active, performing markets exist across Puerto Rico for well-researched investors.

How often are AirROI's top Airbnb market rankings updated?

AirROI updates these rankings using the latest market snapshot available in the dataset, which for this page is anchored to 2026. Rankings should be treated as current market intelligence rather than permanent truths because pricing, demand, regulation, and supply can all shift over time.

What metrics should I use to evaluate Airbnb investments in Puerto Rico?

The most important metrics for comparing short-term rental markets are active listing count (market depth and data reliability), occupancy rate (demand consistency), average daily rate (pricing power), monthly revenue (income potential), and regulation level (compliance cost and risk). This ranking sorts by market depth first; use the other columns to filter for the profile that fits your investment strategy.

What makes a good Airbnb market for first-time investors in Puerto Rico?

First-time investors in Puerto Rico should prioritize markets with high occupancy (55%+) and low regulation, which reduce the risk of empty calendars and compliance surprises. Markets with 200+ active listings also provide better benchmarking data and a more predictable operating environment. Revenue is important, but consistent demand is more forgiving for operators still learning pricing and guest management.

What is a good Airbnb occupancy rate in Puerto Rico?

Across the markets ranked here, the average occupancy rate in Puerto Rico is 37.8%. Occupancy above 50% is generally considered healthy for short-term rentals, and above 65% signals strong, sustained demand. However, the best occupancy rate depends on pricing strategy — some hosts maximize revenue by targeting fewer bookings at higher nightly rates rather than maximizing booking volume.

How does regulation affect Airbnb investment returns in Puerto Rico?

Regulation is one of the most overlooked risks in short-term rental investing. In Puerto Rico, 44 of 44 ranked markets have low regulation, 0 have medium, and 0 have high. High-regulation markets often require permits, limit annual rental days, or impose occupancy taxes — all of which reduce net returns. Low-regulation markets offer faster time-to-market and lower compliance costs, but rules can tighten as STR supply grows.

What is the difference between ADR and RevPAR for Airbnb investing?

ADR (Average Daily Rate) is the average nightly price guests pay, while RevPAR (Revenue Per Available Rental night) factors in both price and occupancy. A market with $200 ADR and 50% occupancy has $100 RevPAR — the same as a market with $125 ADR and 80% occupancy. RevPAR is a better single-number benchmark for comparing markets because it captures how effectively nightly rates convert to realized income. AirROI's city-level reports include RevPAR with percentile breakdowns for deeper analysis.

How many Airbnb listings does a market need to be investable in Puerto Rico?

Markets with fewer than 100 active listings can show volatile averages that do not predict future performance. The median market in this Puerto Rico ranking has about 35 listings. Larger markets (500+) offer more reliable data, more comparable properties for pricing, and typically a more liquid exit if you decide to sell. Smaller markets can still be profitable, but investors should treat the data as directional rather than precise.

How do seasonal and year-round Airbnb markets differ in Puerto Rico?

Seasonal markets in Puerto Rico experience dramatic swings in booking demand — often earning 60-70% of annual revenue in just 3-4 peak months. Year-round markets deliver steadier cash flow with lower peak-to-trough variation. Investors who need predictable monthly income should prioritize high-occupancy markets with low seasonal variance, while those comfortable with cash-flow timing can target seasonal markets where peak rates compensate for off-season softness.

About AirROI Market Data

AirROI tracks over 20 million properties across 190+ countries and maintains 15+ years of historical performance data, making it one of the deepest Airbnb and STR intelligence platforms available. The analytics pipeline aggregates listing-level data monthly — revenue, occupancy, nightly rates, RevPAR, guest demographics, booking patterns, and competitive supply — so investors and operators can benchmark any market against its own history and against neighboring destinations.

Real estate investors, property managers, financial institutions, hospitality consultants, and academic researchers rely on AirROI data to underwrite acquisitions, optimize pricing, model macro trends, and conduct peer-reviewed research. Data is available through in-depth market reports, the data portal for bulk downloads, the Airbnb API with 22 endpoints, and an Airbnb MCP Server for AI agents.

All metrics reflect trailing twelve-month aggregates from active listings as of 2026-06-02. Revenue figures are market averages, not projections. For full methodology, see the data methodology page.

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