In Russia, the cost of rental housing has been falling for the sixth month in a row

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10:05; 31 March 2025 year
ООО "Региональные новости"

© ООО "Региональные новости"

The downward trend in rates continues in the Russian rental housing market - for the sixth month in a row, there has been a drop in the cost of rental housing. According to the Yandex Rent and Cyan services, the median cost of long-term rentals in cities with millions of residents in March 2025 was 34,000 rubles per month, which is 2.3% lower than in February and 17.3% less than the peak the values of September 2024.

The most significant decrease in rental rates over the past month was recorded in major cities: Volgograd (-30.6%), Moscow (-28.4%), Samara (-27.4%), St. Petersburg (-25.4%) and Rostov-on-Don (-20.8%). It is noteworthy that the opposite trend is observed in Perm - a 4% increase in rental prices since September 2024, which is explained by relatively low prices during the high season last year.

The main reason for the reduction in rates was a significant increase in supply on the rental market, they write "Vedomosti".In March, the number of available apartments increased by 4.2% compared to February and by 28% compared to December 2024.