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Austria, Belgium, Czechia
How much it costs to rent a home in Europe: an overview of the current prices of rental properties

If you want or have decided to live in one of the European cities but are not ready to buy property right away, then renting a property is a great way to get to know a new country better. The cost per...

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If you want or have decided to live in one of the European cities but are not ready to buy property right away, then renting a property is a great way to get to know a new country better. The cost per square metre of real estate in Western European countries is quite high, so for many people it is more convenient and easier to rent and not deny themselves the pleasure of living in one of the European countries, even if you can not immediately buy a property.

In this property selection, we have reviewed the current average cost of rental housing in major European cities. As we found out, the most expensive to rent an apartment is in London and Paris - they are by far the leaders in the list of cities with the most expensive real estate. Switzerland remains one of the most expensive countries to live in Europe, and cities such as Zurich, Geneva and Bern are among the ten most expensive in the world. Berlin is on the rise, but remains a fairly affordable major European city to live in, and rents are about 40 percent lower than in Paris. Rental prices in Vienna, Brussels and Berlin remain high, but it is still possible to find interesting and affordable options in these cities.

In the capitals of Portugal and the Czech Republic, the cost of real estate increases every year, and prices for new housing in Prague are becoming about the same as in the major regions of Belgium, Austria or Britain. Portugal and Spain are an excellent choice for those who want to live in a warm European country. Rental prices, even in major cities such as Lisbon, Madrid or Barcelona, remain very loyal. Portugal and Spain are considered the most affordable countries in Western Europe in terms of living costs, including rent.

You can find out about property prices in European countries and see if it is expensive to rent property in Europe by checking out our new property selection.

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Paris, Île-de-France Region, France
Rental price in Paris

The standard of living in France is one of the highest among the states of the European Union. Due to its incredible popularity among tourists from all over the world, the Parisian real estate market is considered the most expensive in Europe after the London one. Of course, this also applies to rental housing, especially when it comes to long-term rentals for a year or more. The real estate market in Paris peaked in early 2021, pushing the government to take action and set maximum rental prices to keep the price balance. As of April this year, a one-bedroom apartment in the city center will cost € 1,226.88 per month (prices range from € 900.00 - € 1,700.00 per month and up). Outside the central areas, the average rent is 851.60 euros (600.00 to 1,200.00 euros per month). For example, a furnished studio apartment of 45 sq. m in a prestigious, expensive area of ​​Paris will cost about 1,700 euros per month, and in an ordinary residential area, the same apartment will cost 1,300 euros per month. A three-bedroom apartment in popular and central areas can be rented for 2,000.00-4,000.00 euros / month, and in remote areas for 1,200.00 - 2,800.00 euros / month on average. Since Paris is divided into several arrondissements, rental prices can vary considerably. For example, in one of the largest and most luxurious areas, in the 16th arrondissement of Paris, you can rent a cozy studio apartment with an area of ​​34 sq. m, as in the photo, for 1288 euros per month.

From 900 EUR
Portugal
Southern Europe - the cost of rental housing in Portugal and Spain

Portugal is one of the most affordable countries for living in Southwestern Europe, where you can feel comfortable and not spend a lot of money on living, even taking into account the rent. Rental prices in small Portuguese towns start at 310 euros per month for one or two bedroom apartments, while in the central districts of Lisbon, close to popular tourist districts, you can find good accommodation from 550 euros per month. In the heart of the city, the average rent is 883 euros per month for a one-bedroom apartment and 1,500 euros for a three-bedroom apartment. An analysis by idealista shows that the Lisbon metropolitan area, where rents are € 12.8 per sq. m, is the most expensive in Portugal. It is followed by the North (€ 9.3 per sq. M), the Algarve (€ 9 per sq. M) and the Autonomous Region of Madeira (€ 8.3 per sq. M).

Spain is another inexpensive country for living in Western Europe, offering not only a warm climate and a high-quality standard of living, but also affordable prices for accommodation. In many small and medium-sized cities, you can find cozy one-bedroom apartments for prices starting at 400 euros per month. In large cities of Spain, at the beginning of 2021, a decrease in rental prices was recorded - this was caused by the pandemic and the fact that now the supply exceeds demand. The number of properties available for rent in Spain increased by 178% last year - this was mainly due to the number of tourist apartments and can be seen in the examples of Barcelona and Madrid. However, it cannot be said that renting an apartment in a major city in Spain will be very cheap. As of April 2021, the average rental price for one-bedroom apartments in Barcelona and Madrid is 665 to 980 euros per month, while a three-bedroom apartment costs an average of 1100-1600 euros per month.

From 400 EUR