It is hard to imagine that what was once a sprawling marshland during the Spanish times is now the Philippines’ foremost business and financial hub. Makati, which was called San Pedro de Macati back then, has undergone massive and significant changes over the centuries, but the central business district (CBD) as we know it today only started to take shape in the 1960s and 1970s, when the Ayala family decided to develop a huge piece of the then-municipality’s land and transform it into a full-fledged business district. So drastic were the changes that one cannot imagine that the Philippines’ first airport used to be located here, and its runway was situated right along today’s Paseo de Roxas.
Over the years, other areas within Makati also started to undergo redevelopment, which started with Rockwell Center in Brgy. Poblacion in the late 1990s, Century City along Kalayaan Avenue in the mid-2000s, and Circuit Makati in the former Santa Ana Racetrack in the 2011. These areas, along with the traditionally commercial and industrial Pasong Tamo area and Brgy. San Antonio, now make up Makati’s urban and commercial core, home to skyscrapers, shopping malls, parks and greeneries, and countless condo developments, ranging from affordable to ultra-high-end. The latter alone makes Makati one of the most highly sought-after locations in the Philippines for people looking for condos for rent.
Best condos for rent in Makati
To find the best online-listed condos for rent in Makati, it is better to dissect the city into its key locations or neighborhoods, each of which exudes a distinct character, crowd, features and attractions, and real estate prices.
Traditionally defined as that area within the Makati CBD bounded by Ayala Avenue to the northeast, Arnaiz Avenue to the south (excluding the Greenbelt area), and Pasong Tamo (Chino Roces Avenue) to the west, Legaspi Village has some of the city’s best and most popular condo developments, ranging from the older projects that boast large apartments, to newer condos that feature more updated amenities. Many of Legaspi Village’s newer condo developments were built by either Megaworld Corporation or Ayala Land, most notable of which include Greenbelt Hamilton, Greenbelt Radisson, Greenbelt Madison, Greenbelt Parkplace, and Greenbelt Excelsior, among many others. Projects built by Ayala Land and its subsidiary Alveo Land within Legaspi Village include One Legazpi Park, Senta Residences, Asia Tower, Kroma Tower, and The Columns at Legaspi Village.
Other developers have their own condo projects in Legaspi Village as well, most notably Shang Grand Tower (Shang Properties); Grand Midori (Federal Land); Eton Tower Makati, Eton Residences Greenbelt, and Eton Parkview Greenbelt (Eton Properties); and Mosaic Tower and KL Tower (Vista Residences), among many others. Monthly rents of one-bedroom condo apartments in Legaspi Village range from Php35,000 to Php45,000, while that of three-bedroom condos can go as high as Php130,000 per month.
Often regarded as the other half of the Makati CBD, Salcedo Village is bounded by Ayala Avenue to the southwest, Paseo de Roxas to the south, Makati Avenue to the east, and Gil Puyat Avenue to the north. Buildings and structures here are newer and taller, which is the reason why this area is home to some of Makati’s tallest skyscrapers, including the RCBC Plaza, LKG Tower, PBCom Tower, GT International Tower, and Makati Tower 6789. Similar to Legaspi Village, one will find a wide range of available condos for rent in Salcedo Village—from older developments built in the 1980s and 1990s to newer projects by some of the country’s well-known developers. Ayala Land, for instance, is well represented in Salcedo Village. Its projects here include the three Salcedo Place condos and Escala Salcedo, while Andrew Tan-led Megaworld built its own projects here in recent years, including One, Two, and Three Central; Salcedo Skysuites; and Paseo Heights. Other condo projects in Salcedo Village include Signa Designer Residences, One Lafayette Square, Ponte Salcedo, Paseo Parkview Suites, and Manhattan Square. The monthly rent of a one-bedroom condo apartment here range from Php25,000 to Php40,000, while that of a three-bedroom condo can go as high as Php140,000.
Traditionally regarded as Makati’s retail and shopping core, the Ayala Center area is home to Greenbelt Mall, Glorietta Mall, SM Makati, and The Landmark Makati, in addition to the city’s most well-known luxury hotels. This area quite expectedly is very pricey, which is why one will find here some of Makati’s most upscale condos. They include Park Terraces and The Residences at Greenbelt, in addition to the yet-to-be completed Garden Towers. All these projects were developed by Ayala Land Premier. A typical one-bedroom apartment in The Residences at Greenbelt measures more than 70 square meters and would normally be rented out for Php90,000 to Php95,000, while a two-bedroom unit here can go as high as Php145,000 per month.
Apartment Ridge and Roxas Triangle
Although as pricey as nearby Ayala Center, Apartment Ridge and the Roxas Triangle area boast seclusion and more privacy, which is why these areas are favored by well-heeled buyers and investors. This neighborhood’s most popular projects include Ayala Land’s One Roxas Triangle—an ultra-upscale condo that boasts its own helipad, a resort-like pool area, and very few condo units per floor. Another notable project here is Discovery Primea, a hotel–residences development built by the same company behind the award-winning Discovery Shores in Boracay. Three-bedroom apartments in One Roxas Triangle can command monthly rents of up to Php270,000.
The flagship project of Lopez-owned Rockwell Land, Rockwell Center is a 15-5-hectare, high-end mixed-use development that sits on the former site of one of MERALCO’s thermal power plants. Designed by Chicago-based architectural firm Skidmore, Owings & Merrill, this estate today is home to some of Makati’s most luxurious condo towers, including Rizal Tower, Luna Gardens, Edades Tower & Garden Villas, The Manansala, One Rockwell, Amorsolo Square, Joya Lofts and Towers, and Hidalgo Place. These condos surround the development’s Power Plant Mall, all of which have direct underground connections to the shopping complex. Typical two-bedroom units in One Rockwell have monthly rental rates of between Php90,000 and Php110,000, while three-bedroom apartments in Rizal Tower can command prices of up to Php220,000 per month.
Traditionally defined as Makati areas outside the CBD and Rockwell Center, the city’s fringe areas are by no means less buoyant, which are now home to many new condo developments. These areas include Century Properties’ Century City on the former site of the International School Manila along Kalayaan Avenue, the aforementioned Circuit Makati, Brgy. San Antonio, Malugay Street, and Pasong Tamo (Chino Roces Avenue).