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 Istanbul | Average apartment rental prices in Istanbul in October 2022 |
|---|---|
| Sarıyer | 28 500 TRY ($1 528) |
| Beşiktaş | 22 200 TRY ($1 190) |
| Kadıköy | 17 040 TRY ($913) |
| Bakırköy | 16 320 TRY ($875) |
| Beyoğlu | 15 555 TRY ($834) |
| Şişli | 14 725 TRY ($789) |
| Beykoz | 12 015 TRY ($644) |
| Adalar | 11 500 TRY ($616) |
| Eyüpsultan | 11 500 TRY ($616) |
| Başakşehir | 11 040 TRY ($592) |
| Zeytinburnu | 10 925 TRY ($585) |
| Üsküdar | 10 890 TRY ($584) |
| Kağıthane | 10 455 TRY ($560) |
| Beylikdüzü | 10 220 TRY ($548) |
| Ataşehir | 10 165 TRY ($545) |
| Maltepe | 9 200 TRY ($493) |
| Büyükçekmece | 8 710 TRY ($467) |
| Kartal | 8 505 TRY ($456) |
| Gaziosmanpaşa | 8 400 TRY ($450) |
| Küçükçekmece | 8 360 TRY ($448) |
| Esenler | 8 200 TRY ($439) |
| Fatih | 8 075 TRY ($433) |
| Şile | 8 040 TRY ($431) |
| Ümraniye | 8 000 TRY ($429) |
| Avcılar | 7 810 TRY ($418) |
| Bağcılar | 7 695 TRY ($412) |
| Güngören | 7 560 TRY ($405) |
| Bahçelievler | 7 400 TRY ($396) |
| Çekmeköy | 7 154 TRY ($383) |
| Tuzla | 7 100 TRY ($380) |
| Bayrampaşa | 6 935 TRY ($371) |
| Pendik | 6 800 TRY ($364) |
| Sancaktepe | 6 572 TRY ($352) |
| Esenyurt | 6 435 TRY ($345) |
| Sultangazi | 5 900 TRY ($316) |
| Sultanbeyli | 5 300 TRY ($284) |
| Arnavutköy | 5 035 TRY ($270) |
| Çatalca | 4 950 TRY ($265) |
| Silivri | 4 620 TRY ($247) |
