Average monthly rental price of apartments in Budapest, Hungary 2021-2022

The average asking price for rental apartments in Budapest totaled 159 thousand forints a month in January 2022, while the average offer price peaked at 144 thousand forints. By comparison, average asking prices on the Hungarian capital's apartment rental market amounted to 141 thousand forints in the corresponding period of the previous year, while offer prices were measured at 130 thousand forints.

Real estate prices in Hungary

The Hungarian capital has always been, by far the most expensive city in the country not just in terms of rental apartments but also self-owned real estate properties. Hungary’s real estate prices have been steadily growing over the last few years, as reflected in the house price index which stood at 256 points in 2022, compared to the base year of 2015.

Real estate prices in Europe

Despite the capital’s soaring rental prices, Budapest is still at the very end of the list in a broader European context. Many cities from the Central European region, such as Vienna or Berlin experience a much higher price raise in rent, often double or triple times more, compared to the average price in Budapest.