HousingAnywhere International Rent Index by City Q4 2025

Rotterdam, January 13th 2026 - European rental markets showed signs of cooling towards the end of 2025, with rents for furnished rooms, apartments, and studios declining in Q4. According to the latest edition of the Index, average rents for furnished rooms fell by 3.1% year on year, while furnished apartment rents declined by 1.3%. Studios recorded the steepest decrease, with prices down 4.4% compared to the same period last year.

“This is encouraging news to start the year with, and the clearest signal we’ve seen in some time that rents in the student housing sector are beginning to decline,” said Antonio Intini, CEO of HousingAnywhere. “While we see stabilising trends in markets like Germany and Italy, others like the Netherlands and Spain still have to catch up. 2026 should be a moment for the housing ecosystem to step up by increasing supply, expanding student-friendly housing options, and ensuring that more choice ultimately leads to more accessible prices.”

The report analyses rent price developments for furnished rooms, apartments, and studios advertised on the HousingAnywhere platform across 25 European cities in 11 countries, with listings primarily aimed at students and secondarily at young professionals.

Average rents for furnished rooms declined by 3.1% across Europe. Several Dutch and German cities, alongside Paris, continue to record some of the highest room rents among the cities analysed. Among these, the average monthly rent for a furnished room stands at €990 in Amsterdam, €850 in Rotterdam, and €808 in Munich. At the other end of the spectrum, room rents remain considerably lower in cities such as Budapest (€370), Athens (€400), and Valencia (€430).

Several German cities recorded the sharpest year-on-year declines in room rents. Declines were also observed in the Italian cities of Bologna, Florence, and Milan.

By contrast, room rents increased in a limited number of cities, such as Rotterdam (6.3%), Düsseldorf (5.7%), Valencia (4.9%), Rome (4.8%), and Budapest (2.8%).

Cities such as London and Zurich, which traditionally record high rental prices, are not included in the Index.

Italy: rents stabilise after years of growth

Italy broadly mirrors the wider European trend, with room rents declining or stabilising in most cities after several years of sustained growth. Rome stands out as the only major Italian city to record an annual increase, with room rents rising by 4.8% and averaging €650. Bologna and Milan alternated as the most expensive Italian cities for room rentals throughout the year. By Q4 2025, room rents averaged €655 in Bologna and €664 in Milan. Turin remained the most affordable Italian city in the sample, with room rents stable throughout the year at between €520 and €530 per month.

Spain: room rents continue to rise, though at a slower pace

Spain represents an exception to the broader European cooling trend. While growth has moderated compared to previous years, room rents continued to rise across Spanish cities. Room rents increased by 4.9% in Valencia, by 1.6% in Madrid, and remained stable in Barcelona. Barcelona remains the most expensive Spanish city for room rentals, although Madrid has narrowed the gap. By Q4 2025, a room averaged €650 in Barcelona and €625 in Madrid.

Netherlands: between modest growth and stability

Like in Spain, room rents in the Netherlands did not decline in 2025. Room rents in Rotterdam rose by 6.3%, while prices in Amsterdam remained broadly stable, at €990. Throughout the year, rent prices in Rotterdam showed greater volatility than in Amsterdam, fluctuating between a low of €800 and a peak of €878.

Germany: mixed trends across cities

Among German cities, Düsseldorf was the only one where room rents increased year on year. At an average of €695 per month, rents in Düsseldorf now exceed those recorded in Frankfurt, Berlin, and Stuttgart.

Munich, Hamburg, and Cologne alternated as the most expensive German cities for room rentals during the year, and all ended 2025 with average rents close to €800. Stuttgart remained the most affordable German market in the sample, with average room rents of €530. In Berlin, rents declined steadily throughout 2025, falling from €700 a year earlier to €633 by Q4 2025.

Average rents for furnished apartments declined by 1.3% year on year. Among the cities included, Amsterdam, Rome, and Paris recorded the highest apartment rents, with average monthly prices of €2,300, €1,990, and €1,908 respectively. In contrast, the lowest apartment rents were observed in Budapest and Athens (both €900), followed by Turin (€1,200).

Despite being among the more affordable markets, Turin recorded a sharp annual increase of 21.2%, with average apartment rents rising from €990 in Q4 2024 to €1,200 in Q4 2025.

Conversely, apartment rents declined or remained stable in many other cities, with the most pronounced decreases recorded in Frankfurt (–16.2%), Stuttgart (–7.7%), and Athens (–5.3%).

Studio rents recorded the largest decline among all property types, falling by 4.4% year on year. Among the cities included in this category, studios remain most expensive in Munich (€1,498), Rome (€1,350), and Paris (€1,300).

In more affordable markets, tenants can rent a studio for roughly the same price as a room in higher-cost cities. Average studio rents stand at €650 in Budapest, €680 in Turin, and €760 in Athens.

As studios are a less common property type, their prices tend to be more volatile. The strongest annual increases were observed in Rotterdam (19.0%), Cologne (11.9%), and Valencia (11.0%), while the sharpest declines occurred in Hamburg (–21.7%), Frankfurt (–13.3%), and Florence (–8.3%).

About the HousingAnywhere International Rent Index by City Q4 2025

For this 30th quarterly edition of the HousingAnywhere International Rent Index by City, HousingAnywhere analyzed 59,519 properties that were listed and received interest from potential tenants on the platform in Q4 2025 or Q4 2024. The report analyzed single rooms, studios, and apartments from one to three bedrooms located across 25 European cities, across 11 countries. Approximately 99% of the properties were fully furnished and 60% included bills in their rent, with all listings mainly geared towards servicing students and young professionals relocating within and across borders.

The available properties in HousingAnywhere are listed by private owners and real estate agents listing their available spaces directly. The platform does not include properties offered by housing corporations or other types of non-profit organizations, which generally have lower rental prices.

Rent prices and square meter prices are calculated based on the data provided by property providers when listing on HousingAnywhere. The absolute rent price of a city is calculated by a median. The price per square meter is calculated by dividing the median absolute price of a property type by the median size.

The year-on-year variation in rent prices at a European level is calculated as the difference between the median rent price across all cities this year and last year, both by property type and for the overall market.

Aiming to provide a robust dataset, cities with less than 40 units in a quarter in one of the property types analyzed were excluded from the report. For this reason, the cities of Amsterdam and Stuttgart were excluded from the studio section of the report due to low inventory.

These are the 25 cities included in this edition of the report: Amsterdam, Athens, Barcelona, Berlin, Bologna, Brussels, Budapest, Düsseldorf, Florence, Frankfurt am Main, Hamburg, Köln, Lisbon, Madrid, Milan, Munich, Paris, Porto, Prague, Rome, Rotterdam, Stuttgart, Turin, Valencia, Vienna.

The report is available in English, Dutch, German, Italian, and Spanish.

Check the Rent Index FAQ page for more information on the report’s methodology.

About HousingAnywhere

HousingAnywhere is Europe's leading rental platform for students. The marketplace offers a safe, online booking experience by connecting students from around the world with verified property providers across 125 European cities. Advertisers (from landlords to property managers) list their rooms, apartments and studios and collect their rent safely, while tenants stay protected online. HousingAnywhere users are usually 18–35 year-old students seeking mid-term rentals (6–12 months) to unlock the potential of the next chapter in their lives.

The HousingAnywhere Group represents three student-focused brands: HousingAnywhere (Europe), Kamernet (the Netherlands) and Studapart (France). In 2024, the HousingAnywhere and Studapart marketplaces collectively generated 60,000 bookings, and Kamernet had 80,000 paying subscribers. Headquartered in Rotterdam, the company employs 250 professionals.

Press contact

For more information, please contact press@housinganywhere.com. For more reports, go to the press page.