In Budapest, monthly rents for the majority of available apartments range between 200,000 and 300,000 forints.
According to real estate agency OTP Ingatlanpont, it has become extremely difficult to find properties below 200,000 forints. At the same time, solvent demand drops significantly once rents exceed the 300,000-forint mark. Although prices picked up again in June following a two-month decline, the year-on-year increase of 4.5% represents a near five-year record low.
Apartments with floor areas of 30–55 m² are particularly easy to let. One to two rooms, good transport links, and furnished or at least appliance-equipped interiors are in demand. In the 11th district, such apartments cost around 265,000–270,000 forints. In the 9th district, the price range is considerably broader, spanning from 190,000 to 300,000 forints. Average prices of around 250,000 forints are being quoted for the 8th district. In the 3rd district, studio apartments are on offer for 200,000–225,000 forints, while rents for one- to two-room apartments there range between 240,000 and 300,000 forints.
In the prestigious inner city of the 5th district, the median rent stands at 350,000 forints. In the 6th district it is around 285,000–290,000 forints, and in the 7th district approximately 250,000 forints. Experts advise prospective tenants to always review the total monthly package, comprising the base rent, utility costs, internet, and any potential parking fees.
Artificial intelligence was used for the translation of parts of the original German text.
