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Analysis: Rent increases of up to 29%

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Rental Prices Remain Stable Month-over-Month, but Up 7% Compared to April 2024

Rental prices requested by landlords in April remained relatively stable compared to March, with a marginal 1% increase. However, when compared to April 2024, a general upward trend of +7% is evident.

According to an analysis by Storia, the real estate platform launched by OLX, the most significant annual increases were recorded in cities such as Oradea, Cluj-Napoca, and Iași.

This trend unfolds against the backdrop of a shifting economic environment marked by a new historic high in the euro exchange rate in May, which could have direct implications for those paying rent in Romanian lei.

For instance, on May 7, 2025, with an exchange rate of 5.0991 RON/EUR (as published by the National Bank of Romania), a rent of €500 equates to 2,549.55 RON. One year earlier, the same €500 rent was 2,487.85 RON, based on the May 7, 2024 exchange rate of 4.9757 RON/EUR.

While the ~62 RON difference may seem minor at first glance, it can be significant for tenants with tighter budgets. This exchange rate variation directly affects renters only if their lease contract does not specify a fixed exchange rate and if rent payments are made in RON at the daily or invoiced BNR rate.

Rental Trends in Bucharest

Bucharest continues to post the highest rental prices in the country:

  • €858/month for three-room apartments
  • €592/month for two-room apartments
  • €383/month for studios

By comparison, rental prices for similar properties are lower in cities like Cluj-Napoca and Timișoara, with slightly more moderate growth rates—highlighting the ongoing upward pressure in the capital’s rental market.

The largest year-over-year increases were recorded in:

  • Sector 1 for three-room apartments: +20%
  • Sector 2 for two-room apartments: +14%
  • Sector 6 for studios: +14%

Compared to the previous month:

  • Rents increased in Sector 2 for two-room apartments (+5%) and in Sector 4 for three-room units (+2%).
  • Rents decreased in Sector 2 for studios (-5%) and three-room apartments (-8%), as well as in Sector 1 (-11%) and Sector 5 (-5%) for two-room units.
  • Other areas recorded price stagnation.

In Sector 1, the most expensive area:

  • Studio: €450/month
  • Two-room apartment: €710/month
  • Three-room apartment: €1,200/month

At the opposite end, the most affordable rents were again found in Sector 6:

  • Studio: €400/month
  • Two-room apartment: €500/month
  • Three-room apartment: €600/month

Summary of average Bucharest rents (April 2025):

  • Studios: €350–€450 (lowest in Sectors 2 and 5, highest in Sector 1)
  • Two-room apartments: €500–€710 (lowest in Sectors 4 and 6, highest in Sector 1)
  • Three-room apartments: €600–€1,200 (lowest in Sector 6, highest in Sector 1)

Rental Price Trends in Other Major Cities

  • Oradea recorded the largest annual increase for studios: +29%, now averaging €281/month
  • Iași posted the highest increase for three-room apartments: +10%, reaching €550/month
  • Craiova saw annual declines for studios (-3%), while Arad experienced an 8% drop in rents for three-room apartments.
  • Constanța showed month-over-month price stagnation for studios and two-room apartments.

Cluj-Napoca

  • Studio: €380 (-3% vs. March, +9% YoY)
  • Two-room: €590 (+7% YoY)
  • Three-room: €700 (-7% YoY)

Iași

  • Studio: €330 (-6% MoM, +3% YoY)
  • Two-room: €450 (+5% YoY)
  • Three-room: €550 (-4% MoM, +10% YoY)

Brașov

  • Studio: €350 (stable YoY, -1% MoM)
  • Two-room: €500 (+2% YoY, -4% MoM)
  • Three-room: €650 (+8% YoY, -6% MoM)

Constanța

  • Studio and two-room apartment rents remained stable
  • Three-room: €670 (+3% MoM, +3% YoY)

Timișoara

  • Studio: €280 (-3% MoM, +6% YoY)
  • Two-room: €419 (+5% YoY)
  • Three-room: €500 (+4% YoY)

Sibiu

  • Studio: €325 (-2% MoM, +8% YoY)
  • Two-room: €400 (-2% MoM, +5% YoY)
  • Three-room: €530 (-4% MoM, +6% YoY)

Oradea

  • Studio: €281 (+29% YoY)
  • Two-room: €400 (-2% MoM)
  • Three-room: €500 (+6% YoY)

Craiova

  • Studio: €290 (-1% MoM, -3% YoY)
  • Two-room: €430 (+8% YoY)
  • Three-room: €550 (-7% MoM, +6% YoY)

Arad

  • Studio: €220 (+5% YoY)
  • Two-room: €350 (stable YoY)
  • Three-room: €450 (-8% YoY)

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