Average monthly rental price for apartments in Norway 2021-2022, by city
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.
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.