HousingAnywhere International Rent Index by City Q3 2024

• HousingAnywhere International Rent Index reports a 4.3% annual rent increase across 28 European cities, matching last quarter’s pace.
• Student mobility pushes room rents up 3.8% as the new academic year begins.
• Rome overtakes Amsterdam in apartment rents, both cities averaging close to €2,500 for a furnished one-to-three-bedroom apartment.

Rotterdam, 9th October 2024 – According to the HousingAnywhere International Rent Index by City for Q3 2024, rent prices across Europe have risen by 4.3% compared to the same period last year. This increase is consistent with the upward trend throughout the year, with Q2 as well reporting a 4.3% year-over-year rise and Q1 a 3.8% increase. HousingAnywhere, a European mid-term rental platform, analyzed rent data for primarily furnished one-to-three-bedroom apartments, rooms, and studios in 28 major European cities.

The third quarter of the year is traditionally marked by students seeking accommodation for the start of their study programs.

“Room prices diverged from the previous quarter, with a quarterly increase of 2.4% and an annual increase of 3.8%”, said Djordy Seelmann, CEO of HousingAnywhere. "In many European cities, where supply shortages are creating significant challenges for tenants, students face even greater difficulties during this time of year, which puts their educational experiences or career paths at risk."

Although Amsterdam broke the €1,000 barrier for room prices last quarter, a slight quarter-over-quarter drop brought the average down to €984. However, rents in the Dutch capital are still 4.6% higher than last year. Several Dutch and German cities remain among the most highly priced for rooms, with Hamburg at €890 and The Hague at €850. Paris (€840), also among the most highly priced, registered a substantial 18.3% increase.

Conversely, cities like Budapest (€350) and Valencia (€400) offer lower room prices. The largest year-over-year declines were observed in Frankfurt (-6.8%), Berlin (-6.7%), and Milan (-6.5%).

Apartment prices rose by 4.1% year-over-year. In previous editions of this report, which covers 28 cities across 12 European countries (excluding the UK and Switzerland), Amsterdam frequently ranked as one of the most expensive cities for apartment rentals. However, this quarter, Rome has overtaken Amsterdam, though by a narrow margin of just €10. The average price for a furnished apartment in Rome is now €2,500, compared to €2,490 in Amsterdam. Rome also recorded the highest annual increase in apartment prices at 28.2%, while Amsterdam saw a rise of 10.7%. The Hague follows with an average price of €1,950, reflecting a notable 21.9% increase.

As with room rentals, Budapest remains the city with the lowest apartment prices (€850), experiencing a 12.1% decrease. Several German cities, including Stuttgart (-18%), Cologne (-6.3%) and Dusseldorf (-3.1%), also recorded significant price drops, as did Lisbon (-10.4%).

With several Dutch cities excluded from the report due to limited studio availability, German cities reported some of the highest prices in this category. Munich and Hamburg averaged €1,650 and €1,495, respectively. Bologna (€1,350) and Paris (€1,299) also ranked among the most highly priced for studio rentals.

On the other hand, Turin, Budapest, and Athens show lower prices for studios, at €652, €695, and €725, respectively.

Check the most frequently asked questions regarding the HousingAnywhere International Rent Index by City here.

About the HousingAnywhere International Rent Index by City

For this 25th quarterly edition of the Rent Index by City, HousingAnywhere analyzed 88,823 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 98% 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 room (excluding any shared living areas).

Aiming to provide a robust dataset, cities with less than 25 units in a quarter were excluded from the report. For this reason, some cities (Amsterdam, Helsinki, The Hague, and Utrecht) were excluded from the studio section of the report due to low inventory.

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, 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

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