HousingAnywhere International Rent Index by City Q2 2024

• HousingAnywhere’s International Rent Index for Q2 2024 shows a year-over-year rent price increase of 4.2% for apartments, 3.5% for rooms and 5.4% for studios, measured over 28 European cities
• While Dutch and German cities record the highest rents in the Rent Index, Italian and Spanish cities are gaining ground with substantial increases

Rotterdam, July 9th 2024 – The International Rent Index by City by HousingAnywhere, one of Europe’s largest rental platforms, reveals a surge in rent price increases. While, on average, prices in the 28 cities analyzed continued to rise over the past two years, they were slowing down the pace. However, in the second quarter of 2024, price increases regained their momentum. The year-over-year (YoY) increase has risen to 4.3%, higher than last quarter’s 3.8%.

Increases are spread across the three property types analyzed: rooms are up by 3.5% YoY, apartments by 4.2% and studios by 5.4%.

HousingAnywhere’s International Rent Index by City analyzes the price variations in rooms, one-to-three bedroom apartments and studios advertised on the platform that received interest from potential tenants. Of the 79,043 properties analyzed in 28 European cities, across 12 countries, 97% were furnished and 60% included bills.

“We are right at the start of the peak season for mobile students and young professionals looking for their new home before the start of the new semester after the summer, and we see rent prices picking up pace. This means that those looking for accommodation will have to start their search early and accept some compromises,” says Djordy Seelmann, CEO of HousingAnywhere. “Meanwhile, with the recent elections across several European countries, we will have to wait and see if new administrations consider the expansion of the residential housing stock a sensible antidote to the pressing affordability challenge.”

While German and Dutch cities remain the most highly priced for all property types monitored, major Southern European cities, especially those in Italy and Spain, are gaining ground.

Rome registered the highest price increases for rooms (19.2%). Madrid registered the highest price increase for apartments (by no less than 20%), and also saw a significant increase in studio prices (by 12.5%). Portugal shows a different pattern: apartment prices in Lisbon decreased by 25%, but still averaged €1,800 per month.

Of the cities measured for this Rent Index, apartment prices increased the most in Madrid (20%) and The Hague (17.6%). In these cities tenants are paying an average of €1,500 and €2,000 respectively. However, Amsterdam (with an average rent of €2,388) and Rome (€2,100) remain the most highly priced cities. Despite not registering a substantial increase, Paris is still averaging €1,908.

Apartments in Turin, Budapest and Athens remain more affordable in absolute terms, with rents at €1,000, €970 and €950 respectively.

Dutch and German cities remain the most highly priced cities for renting rooms in this index. There is a substantial gap between leading city Amsterdam, at an average of €1,007, and second city The Hague, at €875. While Rome and Bologna register the highest room price increases (19,2% and 18.2%), they are still far behind the rental prices of Northern European cities, with an average rent of €620 in Rome and €650 in Bologna.

Athens, Valencia and Budapest are more affordable, with room rent prices below €400.

Due to a scarcity in supply, as it is a less common property type, studio prices are more volatile. This causes some cities to climb up in the ranking at a fast pace. Especially notable are the increases in some Dutch cities. Valencia and Madrid registered increases of 15.8% and 12.5% as well. Conversely, cities such as Milan (-9.2%) show significant declines.

About the HousingAnywhere International Rent Index by City

For this 24th quarterly edition of the Rent Index by City, HousingAnywhere analyzed 79,043 properties that were listed and received interest from potential tenants on the platform in the past year. Data shown includes property types such as single rooms, studios, and apartments from one to three bedrooms located across 28 European cities, across 12 countries.

Out of all the apartments analyzed, 57% were one-bedroom apartments, 31% were two-bedroom apartments, and 12% were three-bedroom apartments.

Approximately 97% of the listed properties were fully furnished and 60% included bills in their rent, with all listings mainly geared towards servicing young professionals and students relocating within and across borders.

The available properties in HousingAnywhere are primarily 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. In the case of rooms, the price per square meter is calculated by dividing the median absolute price by the median size of the entire property (not only the room size).

Aiming to provide a robust dataset, cities with less than 30 units in a quarter in the room and apartment sections were excluded from the report. Due to the scarcity of studios in some cities, as this type of property is rarer than the rest, some cities with less than 30 units may have been included.

These are the 28 cities included in this edition of the report: Amsterdam, Athens, Barcelona, Berlin, Bologna, Brussels, Budapest, Düsseldorf, Florence, Frankfurt am Main, Hamburg, Helsinki, Köln, Lisbon, Madrid, Milan, Munich, Paris, Porto, Prague, Rome, Rotterdam, Stuttgart, The Hague, Turin, Utrecht, Valencia, Vienna

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

About HousingAnywhere

HousingAnywhere is Europe’s largest mid-term rental platform. With Kamernet and Studapart under its umbrella, it represents three fast-growing brands with over 30 million yearly unique visitors combined, 160,000+ properties available for rent and 100,000+ tenants securing their new homes, based on the 2023 performance. HousingAnywhere serves young professionals and students, primarily aged between 18 and 35, connecting them with accommodation providers. Through its advanced technology platform, tenants rent accommodation for 6 to 12 months outside of their country of origin. Headquartered in Rotterdam, HousingAnywhere operates in most European cities and recently expanded to key cities in the US, establishing a presence in over 125 cities. Driven by the mission to enable people to live wherever and however they choose thanks to a flexible renting experience, the technology scale-up employs 340 professionals globally.

Press Contact

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