Rent prices in Budapest and in the countryside increased by this much

In Budapest, housing rents in Hungary surged by 14.1 per cent in 2023, while in rural areas, they soared by 30 per cent over the past year.

Budapest

The average monthly rent for brick apartments in Budapest stood at HUF 235,000 (EUR 608) last year, whereas in rural towns with populations exceeding 100,000, it amounted to HUF 168,000 (EUR 435). This represented a 14.1 percent increase in the former and a staggering 30 percent surge in the latter, as per the annual report by Otthon Centrum (OC).

District V emerged as the priciest locale in the capital, commanding an average rental rate of HUF 321,000 (EUR 830). Following closely behind were District VI (HUF 298,000, EUR 771) and District II (HUF 294,000, EUR 761), with District I trailing not far behind the top trio (HUF 284,000, EUR 734).

Rent averages largely fell within the range of HUF 200 to 250 thousand (EUR 517 and 647), although the number of rooms in the rented property significantly influenced pricing. The average monthly rent for a one-room apartment in the capital was HUF 151,000 (EUR 391), rising to HUF 218,000 (EUR 564) for a two-room apartment, and reaching HUF 308,000 (EUR 796) for a three-room apartment.