Kyiv remains near the bottom of the European ranking for rental costs, despite a recovery in demand for high-quality apartments in the Ukrainian capital, according to data from Global Property Guide.
According to the table of median asking rental rates for June 2026, the rent for a one-bedroom apartment in Kyiv is approximately EUR550 per month. Based on this metric, the Ukrainian capital ranks roughly 34th among the 40 European and European-adjacent cities featured in the publicly available section of the Global Property Guide table, when cities are sorted from highest to lowest rent.
Kyiv shares this position with Podgorica, where the median rent for a one-bedroom apartment is also around EUR550. Meanwhile, Belgrade is significantly more expensive—around EUR800 per month—while Bucharest and Athens are around EUR650, and Sofia and Zagreb are around EUR600. Below Kyiv in the table are Chisinau, Tbilisi, Sarajevo, and Skopje.
This is an important signal for the Ukrainian market. On the one hand, Kyiv is no longer among the cheapest cities in the region. On the other hand, rental costs in the Ukrainian capital are still lower than in most capitals of Central and Southeastern Europe, including Belgrade, Budapest, Warsaw, Prague, Bratislava, Bucharest, Zagreb, and Sofia.
Against the backdrop of Global Property Guide data showing rapid growth in rental rates in Russia, Montenegro, Serbia, Hungary, Brazil, and Ireland, Kyiv appears to be a more subdued market. This is not due to a lack of demand, but rather to the impact of the war, migration, security risks, limited effective demand, and high uncertainty for tenants and investors.
According to Global Property Guide, the median asking rent for a 2-room apartment in Kyiv is about EUR850 per month, and for a three-room apartment, it is about EUR1,690. At the same time, Kyiv remains relatively affordable in the one- and two-room apartment segments, but in the three-room apartment segment, it is already comparable to Budapest, Riga, and Vilnius and significantly exceeds Belgrade, Sofia, Zagreb, Podgorica, and Chisinau.
For investors, Kyiv remains a market with elevated risks but also with potential for recovery. Future rental trends will depend on security, the return of residents, the state of the economy, the supply of new housing, mortgage availability, infrastructure, and demand from internally displaced persons, foreign professionals, and businesses.
If the security situation improves and business activity recovers, rental rates could receive an additional boost.
