Average monthly rental price for apartments in Norway 2021-2022, by city
Oslo was the Norwegian city with the highest rental prices in the country as of the third quarter of 2023. To rent an apartment in the Norwegian capital cost 16,000 Norwegian kroner per month on average, whereas Bergen ranked second, with an average monthly rent of 14,000 Norwegian kroner. The average price of residential housings in Norway was also highest in Oslo.
Not only was Oslo the city with the highest rents in Norway, but also in the Nordic region. The capital cities of Denmark (Copenhagen) and Finland (Helsinki) ranked second and third respectively, whereas Stockholm ranked last within a list of 12 Nordic cities. In contrast, Stockholm was the most expensive city to buy an apartment in.
The high renting prices in the Norwegian capital could be explained by the renting market trends in the country. The home ownership rate fluctuated over the past decade, but overall decreased, reaching its lowest rate so far in 2018.
The Nordic market
Not only was Oslo the city with the highest rents in Norway, but also in the Nordic region. The capital cities of Denmark (Copenhagen) and Finland (Helsinki) ranked second and third respectively, whereas Stockholm ranked last within a list of 12 Nordic cities. In contrast, Stockholm was the most expensive city to buy an apartment in.
Home ownership
The high renting prices in the Norwegian capital could be explained by the renting market trends in the country. The home ownership rate fluctuated over the past decade, but overall decreased, reaching its lowest rate so far in 2018.
