Average apartment rental prices in Istanbul as of October 2022

Average apartment rental prices in Istanbul as of October 2022

Real estate market experts in Turkey have named the average prices for renting apartments in Istanbul as of October 2022. What is the average cost of renting a property in Istanbul? You must have heard that rental housing in Istanbul has risen in price significantly over the past year? If you want more accurate figures, then the growth of rental rates on an annual basis amounted to 144%. At the same time, over the past two years, rent in Istanbul has risen in price by 319%. Agree, impressive numbers? This is due to several reasons: high inflation, the weakening of the Turkish lira against world currencies, high demand for rent.

Despite the impressive rise in prices, there are several areas in Istanbul where you can rent an apartment for less than 5,000 liras (about $ 268 at the exchange rate on November 25, 2022).

We have prepared a rating of the districts of Istanbul with an indication of the average prices for rental housing in Turkish Lira. In the most expensive districts of Istanbul, renting an apartment costs from 15,000 to 28,500 lira, and in the cheapest – up to 5,000 lira.

Average prices for rent apartments in Istanbul by district: relevant for October 2022

Districts of IstanbulAverage apartment rental prices in Istanbul in October 2022
Sarıyer28 500 TRY ($1 528)
Beşiktaş22 200 TRY ($1 190)
Kadıköy 17 040 TRY ($913)
Bakırköy16 320 TRY ($875)
Beyoğlu15 555 TRY ($834)
Şişli14 725 TRY ($789)
Beykoz 12 015 TRY ($644)
Adalar11 500 TRY ($616)
Eyüpsultan11 500 TRY ($616)
Başakşehir11 040 TRY ($592)
Zeytinburnu10 925 TRY ($585)
Üsküdar10 890 TRY ($584)
Kağıthane10 455 TRY ($560)
Beylikdüzü10 220 TRY ($548)
Ataşehir10 165 TRY ($545)
Maltepe9 200 TRY ($493)
Büyükçekmece 8 710 TRY ($467)
Kartal8 505 TRY ($456)
Gaziosmanpaşa8 400 TRY ($450)
Küçükçekmece8 360 TRY ($448)
Esenler8 200 TRY ($439)
Fatih8 075 TRY ($433)
Şile8 040 TRY ($431)
Ümraniye8 000 TRY ($429)
Avcılar7 810 TRY ($418)
Bağcılar7 695 TRY ($412)
Güngören7 560 TRY ($405)
Bahçelievler7 400 TRY ($396)
Çekmeköy7 154 TRY ($383)
Tuzla7 100 TRY ($380)
Bayrampaşa6 935 TRY ($371)
Pendik6 800 TRY ($364)
Sancaktepe6 572 TRY ($352)
Esenyurt6 435 TRY ($345)
Sultangazi5 900 TRY ($316)
Sultanbeyli5 300 TRY ($284)
Arnavutköy5 035 TRY ($270)
Çatalca4 950 TRY ($265)
Silivri4 620 TRY ($247)

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