Price of renting accommodation in Germany
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Demand for renting accommodation in Germany
Finding an apartment for rent in Germany is not an easy thing! Moreover, it is worth mentioning that around 54 – 58 % of the population in Germany lives in rented accommodation. This is the biggest number among European countries!
In big cities this rate is much higher, as the cost of housing is very high there. For example around 85 % of Berlin inhabitants live in rented apartments.
During recent years, the cost of renting apartments in Germany is constantly growing, especially in such huge cities as Munich, Hamburg and Berlin. One of the reasons for this is high demand for renting apartments. So it's really important to understand the steps to rent an apartment and average prices.
Cost of renting apartments in German cities
Renting a flat in Germany in average costs from 500 € to over 2000 € depending on the size of the rented flat and location. It is necessary to take into account that the amount of deposit for the rented flat is usually up to 3 months’ rent.
According to statistics from Numbeo in 2022 average cost for one-bedroom apartments in city center in the following:
- Berlin – 1087 €
- Hamburg – 993 €
- Munich – 1354 €
- Cologne – 807 €
- Frankfurt – 1060 €
- Stuttgart – 1025 €
- Leipzig – 592 €
- Hanover – 716 €
Based on statistics for Munich:
- average cost for one-bedroom apartments in city center is 1354 €
- average cost of one-bedroom apartment outside of center is 1007 €
- three-bedrooms apartment in city center costs around 2500 €
- three-bedrooms apartment outside of center would cost around 1850 €
Finding an apartment for rent in Germany
Finding a suitable apartment for rent could take up to several months, especially in such high populated cities as Munich and Berlin. Choosing candidates for renting a flat is usually done within several rounds. Among numerous candidates the landlord will choose several most suitable candidates and then makes a final decision.