Rental prices for flats have risen in nearly all of Austria states this year, with the exception of Styria and Upper Austria, according to data from the property platform ImmoScout24.
Between January and November, rents in Carinthia increased by 16%. In Tyrol, the average rent for a 70-square-metre flat now stands at €1,400, making it 74% more expensive than in Upper Austria, where the average rent is €804.
In Carinthia, the price per square metre for rental properties listed on ImmoScout24 increased from €12.20 to €14.10, although rents for 70-square-metre flats remain under €1,000. Meanwhile, Tyrol recorded an 11% increase, with the price per square metre reaching €20, the highest in the country. Among the most expensive regions for renting in Austria were Vienna (€19.20 per square metre, up 11%), Salzburg (€18.30 per square metre, up 9%), and Vorarlberg (€18.00 per square metre, up 4%).
Price Drops in Styria and Upper Austria
In contrast, rental prices in Burgenland and Lower Austria were more affordable, averaging €12.50 per square metre. In Styria, rents fell by 2% to €12.40 per square metre, while Upper Austria saw a 1% decrease to €11.50 per square metre.
Looking at rental prices in the capitals of Austria’s federal states, Innsbruck was the most expensive at €22 per square metre (up 11%), followed by Salzburg at €20 per square metre (up 7%). The cheapest rental properties were found in St. Pölten (€12.80 per square metre), Graz (€13.40 per square metre), and Eisenstadt (€13.50 per square metre).
Vienna’s Donaustadt District Sees Largest Increase
In Vienna, rents have increased by 11% to €19.20 per square metre. The 22nd district, Donaustadt, saw the biggest jump, with rents rising by 25% to €21.80 per square metre. The 9th district (Alsergrund) also saw significant growth, with a 24% rise to €21.00 per square metre. On the other hand, rent prices in the 20th (Brigittenau), 23rd (Liesing) and 6th (Mariahilf) remained relatively stable, while the 21st (Floridsdorf) saw a modest 5% increase, though demand for rental properties there jumped by 75%.
Overall, demand for rental properties has increased across the country, with Styria seeing the largest rise in demand at 35%, followed by Vienna with a 29% increase.
The analysis, which was based on gross rents, included data from 135,000 property listings.
