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.
-
Studio:
€380 (-3% vs. March, +9% YoY)
-
Two-room:
€590 (+7% YoY)
-
Three-room:
€700 (-7% YoY)
-
Studio:
€330 (-6% MoM, +3% YoY)
-
Two-room:
€450 (+5% YoY)
-
Three-room:
€550 (-4% MoM, +10% YoY)
-
Studio:
€350 (stable YoY, -1% MoM)
-
Two-room:
€500 (+2% YoY, -4% MoM)
-
Three-room:
€650 (+8% YoY, -6% MoM)
-
Studio
and two-room apartment rents remained stable
-
Three-room:
€670 (+3% MoM, +3% YoY)
-
Studio:
€280 (-3% MoM, +6% YoY)
-
Two-room:
€419 (+5% YoY)
-
Three-room:
€500 (+4% YoY)
-
Studio:
€325 (-2% MoM, +8% YoY)
-
Two-room:
€400 (-2% MoM, +5% YoY)
-
Three-room:
€530 (-4% MoM, +6% YoY)
-
Studio:
€281 (+29% YoY)
-
Two-room:
€400 (-2% MoM)
-
Three-room:
€500 (+6% YoY)
-
Studio:
€290 (-1% MoM, -3% YoY)
-
Two-room:
€430 (+8% YoY)
-
Three-room:
€550 (-7% MoM, +6% YoY)
-
Studio:
€220 (+5% YoY)
-
Two-room:
€350 (stable YoY)
-
Three-room:
€450 (-8% YoY)