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Average monthly rental price for apartments in Norway 2020, by city

Oslo was the Norwegian city with the highest rental prices in the country as of the first quarter of 2020. To rent an apartment in the Norwegian capital cost 14.3 thousand Norwegian kroner per month on average, whereas Bergen ranked second, with an average monthly rent of 12.2 thousand Norwegian kroner. The average price of residential housings in Norway was also highest in Oslo, at 75 thousand Norwegian kroner per square meter in 2019.

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.

Average monthly rental price* for apartments in Norway as of the 1st quarter in 2020, by city

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Sources

Release date

April 2020

Region

Norway

Survey time period

Q1 2020

Supplementary notes

*Original wording by the source is "utropspris" standing for starting bidding price on FINN.
FINN.no is a Norwegian advertisement websites with sections for jobs, housing, cars, sale, travel and other services.

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* Prices do not include sales tax.

Statistics on "Residential real estate in Norway "

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