Rent Prices Continue to Rise: For the First Time Over 20 Euros per Square Meter in Vienna

The most expensive place to live in the first quarter was Tyrol, with an average of 20.74 euros per square meter - an increase of 5 percent compared to the same quarter of the previous year. In Vienna, the price per square meter was 20.42 euros (plus 9 percent), followed by Salzburg with 20.25 euros, which recorded the highest increase with a plus of 13 percent. In Vorarlberg, rental prices were also significantly above the Austrian average at 19.05 euros.

Rental Market Remains Tense

In contrast, Upper Austria (12.01 euros), Styria (12.41 euros), and Lower Austria (12.44 euros) remain comparatively affordable. In Carinthia, the price per square meter was 13.80 euros, and in Burgenland, it was 13.06 euros.

While interest in ownership is slightly increasing again, the demand for rental apartments is slightly declining according to ImmoScout24. However, the supply of available rental properties remains scarce. "The situation for seekers in the rental market remains tense because demand still meets fewer available apartments," says Markus Dejmek, Austria's head of ImmoScout24.

The analysis is based on around 117,000 apartment listings from the first quarter of the years 2023 to 2025. Gross rents were considered, meaning net rent plus operating costs, excluding heating and electricity costs. The median was used as the statistical measure.

(APA/Red.)

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