Germany: average residential rent, by city 2024| ��ƽ��

Average rent price for residential real estate in selected cities in Germany from 2012 to 2024 (in euros per square meter)

Characteristic	Munich	Frankfurt am Main	Stuttgart	Berlin	Hamburg	Cologne	Dusseldorf
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Release date

January 2025

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Region

Germany

Survey time period

2012 to 2024

Special properties

As of Q4 quarter of each year

Supplementary notes

*Excluding shared flats or furnished flats.

According to empirica, the data is based on an extensive collection of carefully prepared property market data from more than 100 sources (listing data). The collection is fed by property advertisements that are continuously researched throughout Germany and have been adjusted for duplicates and fraudulent advertisements. In addition to the well-known large property marketplaces, the research also includes smaller, specialized internet sources and print media. The determination of so-called hedonic prices is a procedure in which changes in quality are considered because the respective advertised flats can vary over time. Flats of all years of construction with a size of 60 to 80 square meters and upscale furnishings were considered.

KS = district-free city

Citation formats

Rents in Germany continued to increase in all seven major cities in 2024. The average rent per square meter in Munich was approximately **** euros — the highest in the country. Conversely, Düsseldorf had the most affordable rent, at approximately **** euros per square meter. But how does renting compare to buying? According to the house price to rent ratio, house prices in Germany have risen faster than rents, making renting more affordable than buying.

Affordability of housing in Germany

In 2023, Germany was among the European countries with a relatively high house price to income ratio in Europe. The indicator compares the affordability of housing across OECD countries and is calculated as the nominal house prices divided by nominal disposable income per head, with 2015 chosen as a base year. Between 2012 and 2022, property prices in the country rose much faster than income, with the house price to income index peaking at *** index points at the beginning of 2022. Slower house price growth in the following years has led to the index declining, as incomes catch up. Nevertheless, homebuyers in 2024 faced significantly higher mortgage interest rates, contributing to a higher final cost.

How much does buying a property in Germany cost?

Just as with renting, Munich was the most expensive city for newly built apartments. In 2024, the cost per square meter in Munich was almost euros pricier than in the runner-up city, Frankfurt. Detached and semi-detached houses are usually more expensive. The price gap between Munich and the second most expensive city, Stuttgart, was nearly euros per square meter.