As of April 2024, the fifth district registered the highest average monthly rental prices for houses and apartments in Budapest, Hungary measuring at *** thousand forints. By comparison, dwellings in district XXIII could be rented for approximately *** thousand forints per month.

The average asking price for rental apartments in Budapest totaled *** thousand forints a month in January 2022, while the average offer price peaked at *** thousand forints. By comparison, average asking prices on the Hungarian capital's apartment rental market amounted to *** thousand forints in the corresponding period of the previous year, while offer prices were measured at *** thousand forints.

Real estate prices in Hungary
The Hungarian capital has always been, by far the most expensive city in the country not just in terms of rental apartments but also self-owned real estate properties. Hungary’s real estate prices have been steadily growing over the last few years, as reflected in the house price index which stood at *** points in 2022, compared to the base year of 2015.

Real estate prices in Europe
Despite the capital’s soaring rental prices, Budapest is still at the very end of the list in a broader European context. Many cities from the Central European region, such as Vienna or Berlin experience a much higher price raise in rent, often double or triple times more, compared to the average price in Budapest.

In the first quarter of 2017, the offered average rental rate of modern offices in Budapest totated **** euros per square meter per month. In the second quarter of 2023, it reached as high as **** euros per square meter.

As of April 2024, Hungary's capital Budapest recorded the highest average rental prices for houses and apartments measuring at *** thousand forints a month. By comparison, average monthly rental prices in Békéscsaba totaled ** thousand forints.

In 2023, the most expensive residential rental market in Europe was London (inner) with rental costs of approximately **** euros per square meter. Dublin and Paris followed with rental costs of **** and **** euros per square meter. Rents increased across most markets - a trend that could also be observed in the housing market. How much does an apartment cost in different European cities? Renting a furnished studio apartment in some of the leading cities in Europe can cost anywhere between *** euros monthly (Budapest) and ***** euros (Amsterdam) per month. For afurnished one-bedroom apartment in Paris, France, one may be expected to pay on average ***** euros monthly. Which countries have the most affordable housing? The house price to rent ratio is an indicator of the affordability of owning housing over renting across European countries and is calculated as the nominal house prices divided by a rent price index. The higher the ratio, the more the gap between house prices and rental rates has widened since 2015 when the index base was 100. As of the fourth quarter of 2021, Finland, Italy, and Belgium had the lowest house price to rent ratio, meaning that buying a house was most affordable there compared to renting.

In Hungary, the average monthly rental price for prime shopping centre properties peaked in 2020 at *** euros per square metre. This figure decreased over the following years and reached ** euros per square meter in 2022.