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Prague's rental market in 2025 shows strong momentum with average rents reaching CZK 438 per square meter monthly, driven by high expat demand and limited housing supply.
Rental prices vary significantly across Prague's districts, with central areas commanding CZK 450-500 per square meter while outer districts offer better value at CZK 355 per square meter. Studios and one-bedroom apartments remain the most sought-after properties, particularly among the growing expat and digital nomad communities.
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Prague's rental market offers competitive yields of 4.0% with rents averaging CZK 21,900 monthly for a typical 50m² apartment.
Central districts provide lower vacancy rates but higher costs, while outer areas deliver better rental yields around 4.3%.
| Property Type | Average Monthly Rent | Rental Yield |
|---|---|---|
| Studio (17-50m²) | CZK 13,750-37,500 | 3.5-4.5% |
| 1-bedroom apartment | CZK 10,000-15,000 | 4.0-4.3% |
| 2-bedroom apartment | CZK 12,500-20,000 | 3.8-4.2% |
| 3+ bedroom apartment | CZK 22,500+ | 3.5-4.0% |
| Central district (Prague 1-2) | CZK 450-500/m² | 2.3-3.0% |
| Outer district (Prague 4,8,9) | CZK 355/m² | 4.0-4.3% |
| Short-term rental | CZK 46,000 (50m²) | 5.0-7.0% |
What's the current average monthly rent for an apartment in Prague, including all fees and taxes?
As of June 2025, the average net rent in Prague stands at CZK 438 per square meter monthly.
For a typical 50m² apartment, this translates to approximately CZK 21,900 per month excluding utilities and additional costs. However, tenants should budget for extra expenses including utilities (electricity, water, gas) which typically add CZK 5,000-6,000 monthly for a standard family unit.
Property taxes and building service fees are generally covered by landlords in Prague's rental market, meaning tenants primarily pay the base rent plus utilities. Internet and cable services usually cost an additional CZK 800-1,200 monthly depending on the package selected.
The total monthly cost for a 50m² apartment therefore ranges from CZK 27,700 to CZK 29,100 when including all necessary expenses. This represents a 9% increase compared to the same period in 2024, reflecting the continued upward pressure on Prague's rental market.
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How does the rent differ between studios, one-bedroom, two-bedroom, and larger apartments?
Rental prices in Prague vary significantly based on apartment size and configuration, with smaller units commanding higher per-square-meter rates.
Studios ranging from 17-50m² typically rent for €550-€1,500 monthly (CZK 13,750-37,500), making them popular among young professionals and students. The wide price range reflects location differences, with central district studios commanding premium rates due to proximity to business districts and tourist attractions.
One-bedroom apartments offer better value, typically renting for €400-€600 monthly (CZK 10,000-15,000). These units represent the sweet spot for single professionals and young couples, offering more living space at competitive rates.
Two-bedroom apartments range from €500-€800 monthly (CZK 12,500-20,000), making them attractive for small families or professionals seeking home office space. The demand for two-bedroom units has increased significantly since remote work trends accelerated post-2020.
Three-bedroom and larger apartments start at €900+ monthly (CZK 22,500+), with family-sized units in central districts commanding substantial premiums. These properties primarily attract expatriate families and affluent local residents, representing a smaller but stable segment of Prague's rental market.
Which districts or neighborhoods in Prague offer the best rental yields and lowest vacancy rates?
Prague's outer districts consistently deliver the highest rental yields while maintaining low vacancy rates, making them attractive for property investors.
| District | Rental Yield | Vacancy Rate | Rent per m² (CZK) |
|---|---|---|---|
| Prague 1 | 2.26% | Very Low | 450-500 |
| Prague 4 | 4.0% | Moderate | 355 |
| Prague 8 | 4.3% | Low | 355 |
| Prague 9 | 4.0% | Low | 355 |
| Prague 2 | 2.8% | Very Low | 425-475 |
| Prague 7 | 3.2% | Low | 400-450 |
Prague 8 leads with rental yields of 4.3%, benefiting from its strategic location between the city center and airport while maintaining reasonable property prices. Prague 4 and Prague 9 both achieve 4.0% yields, offering excellent value propositions for investors seeking consistent returns.
Central districts like Prague 1 and Prague 2 show minimal vacancy rates due to constant demand from tourists and expatriates, but yields remain lower at 2.26-2.8% due to premium property acquisition costs. Prague 7, particularly the Vinohrady area, provides a middle-ground option with 3.2% yields and strong tenant demand.
What's the typical cost per square meter to rent in Prague, and how does it vary by property type and location?
The Prague rental market averages CZK 438 per square meter monthly, with significant variations based on district location and property characteristics.
Central districts including Prague 1, 2, and 7 command premium rates of CZK 450-500 per square meter due to their proximity to business centers, cultural attractions, and transport hubs. These areas attract expatriate professionals willing to pay higher rents for convenience and prestige.
Outer districts like Prague 4, 8, and 9 offer more affordable options at CZK 355 per square meter, providing excellent value for tenants seeking larger living spaces while maintaining reasonable commute times to the city center.
Property type variations are minimal on a per-square-meter basis, though studios in tourist-heavy areas like Vinohrady command slight premiums due to short-term rental competition. Family-sized apartments in residential neighborhoods typically align with district averages, while luxury properties with premium amenities can exceed standard rates by 20-30%.
How have average rents and yields evolved over the past 5 years, and what changed over the past year?
Prague's rental market has experienced substantial growth over the past five years, with rents rising 19% between 2019 and 2023.
Monthly rents increased from CZK 16,300 to CZK 19,400 during this period, while per-square-meter costs climbed from CZK 395 in 2023 to CZK 438 in 2025. This upward trajectory reflects Prague's growing appeal as a European business hub and destination for international professionals.
Rental yields improved significantly from 2-3% pre-2021 to current levels around 4.0% by 2025, driven by rising rental income that outpaced property price increases. This yield improvement has attracted increased investor interest in Prague's rental property market.
The past year specifically saw rents increase 9% in Q1 2025, representing an acceleration in rental growth. However, yields dipped slightly from 4.3% in 2024 to 4.0% in 2025 as property prices began catching up to rental increases, suggesting the market may be approaching a stabilization phase.
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What are the projected rent trends and yield forecasts for the next 1, 5, and 10 years?
Prague's rental market outlook remains positive with steady growth expected across all timeframes, driven by continued economic expansion and international demand.
Over the next year, rents are expected to rise 5-7% due to sustained expatriate demand and limited new housing supply. The city's growing reputation as a technology hub and its relatively affordable cost of living compared to Western European capitals continues attracting international talent.
The five-year forecast projects steady rental growth averaging 4% annually, supported by foreign investment inflows and Czech Republic's low unemployment rate. Infrastructure developments including metro line expansions and airport improvements should sustain demand in currently developing districts.
Long-term projections for the next decade suggest rental yields may stabilize between 4.5-5.0% if planned infrastructure expansions continue as scheduled. The market should benefit from Prague's strategic position as a Central European business hub, though yield growth may moderate as the market matures and property prices adjust to rental income levels.
What are the average short-term rental prices vs long-term rental prices in different parts of Prague?
Short-term rentals in Prague command significantly higher rates than long-term arrangements, though they require active management and face seasonal fluctuations.
Short-term rentals through platforms like Airbnb average $2,000 monthly (CZK 46,000) for a typical 50m² apartment, more than double the long-term rental rate of CZK 21,900. Prime locations in Prague 1 and trendy neighborhoods like Vinohrady achieve the highest short-term rates due to tourist demand.
Long-term rentals concentrate in outer districts like Prague 4, 8, and 9 where residents seek value and space over central location convenience. These areas provide stable rental income with lower management overhead compared to short-term operations.
The short-term premium reflects Prague's popularity as a European tourist destination, particularly for weekend breaks and cultural tourism. However, recent regulatory discussions about Airbnb restrictions in central districts may impact future short-term rental profitability, making long-term strategies more attractive for some investors.
What's the mortgage cost comparison for a buy-to-let property versus the expected rental income?
Prague's buy-to-let market presents challenges for leveraged investors, with mortgage costs significantly exceeding rental income on comparable properties.
Mortgage payments typically cost three times the rental income for equivalent properties, with a two-bedroom apartment mortgage averaging CZK 45,000 monthly compared to rental income of CZK 15,000. This gap makes cash purchases or substantial down payments essential for positive cash flow.
Current gross rental yields of 4.0% often trail mortgage interest rates of 5-6%, creating negative leverage scenarios for highly financed investments. Investors must rely on property appreciation rather than rental income to achieve returns when using significant debt financing.
The yield-to-interest rate gap suggests Prague's market favors cash buyers or investors with substantial equity positions. Those considering leveraged investments should focus on properties with exceptional location advantages or renovation potential to bridge the income gap through value-add strategies.
It's something we develop in our Czech Republic property pack.
We did some research and made this infographic to help you quickly compare rental yields of the major cities in the Czech Republic versus those in neighboring countries. It provides a clear view of how this country positions itself as a real estate investment destination, which might interest you if you're planning to invest there.
What types of properties are easiest to rent out currently—based on demand, renter profiles, and duration?
Studios and one-bedroom apartments represent the most rentable property types in Prague's current market, driven by strong demand from expatriates and young professionals.
The following property types show highest rental demand:
- Studios and one-bedroom apartments in central districts - attract expatriate professionals and digital nomads seeking convenience and short commutes
- Shared apartments near universities - popular among international students and young professionals seeking affordable accommodations
- Furnished units in Prague 1 and Prague 2 - minimize tenant vacancy periods due to ready-to-move-in convenience
- Properties with modern amenities - apartments with updated kitchens, bathrooms, and high-speed internet connectivity
- Units near metro stations - benefit from Prague's excellent public transportation network
Central district properties experience minimal vacancy due to constant turnover of expatriate assignments and tourism-related demand. These units typically rent within one week of listing, making them highly attractive for investors seeking consistent cash flow.
Who are the typical tenants—expats, students, digital nomads, families—and what do they usually rent?
Prague's rental market serves diverse tenant demographics, each with distinct preferences and budget ranges that shape demand patterns.
Expatriate professionals comprise 35% of the rental market, typically preferring furnished studios or one-bedroom apartments in prestigious areas like Vinohrady or Prague 1. These tenants value proximity to international businesses and are willing to pay premium rents for convenience and status.
Students represent 30% of rental demand, gravitating toward shared apartments near universities in Prague 1 and Prague 2. This demographic prioritizes affordability and social opportunities over luxury amenities, often accepting older properties in exchange for lower rents.
Local families account for 25% of rentals, seeking two to three-bedroom apartments in outer districts like Prague 4, 8, and 9. These tenants prioritize space, school access, and value over central location, typically signing longer lease terms for stability.
Digital nomads and remote workers represent the growing 10% segment, favoring coliving spaces and apartments with coworking amenities. This group values flexible lease terms and furnished accommodations with reliable internet connectivity.
How long do apartments typically stay vacant between tenants, and how does this differ by area and property type?
Prague's rental market experiences minimal vacancy periods, with most properties securing new tenants within one to two weeks of listing.
Central districts including Prague 1, 2, and 7 typically see vacancy periods under one week due to exceptional demand from expatriates and tourists. The constant flow of international professionals relocating to Prague ensures rapid tenant turnover in these premium locations.
Outer districts like Prague 4, 8, and 9 experience slightly longer vacancy periods of one to two weeks, though this remains favorable compared to many European cities. The balance of affordability and accessibility keeps demand strong even in peripheral areas.
Luxury properties face longer vacancies of two to four weeks except in prime central zones, as the smaller pool of high-income tenants requires more time to secure appropriate matches. However, these properties often justify extended marketing periods through higher rental rates.
Property condition significantly impacts vacancy duration, with well-maintained, furnished units attracting tenants faster than those requiring renovation or lacking basic amenities. Modern properties with updated kitchens and bathrooms typically rent within days of listing.
How does Prague compare to other similar-sized European cities in terms of rent prices, yields, and market outlook?
Prague offers competitive positioning within the European rental market, balancing affordability with attractive investment returns compared to peer cities.
| City | Average 1-bed Rent | Rental Yield | Market Outlook |
|---|---|---|---|
| Prague | €1,200 | 4.0% | Stable Growth |
| Budapest | €900 | 5.2% | Moderate Growth |
| Munich | €1,700 | 3.2% | High Cost, Low Yield |
| Vienna | €1,400 | 3.5% | Steady Growth |
| Warsaw | €1,000 | 4.8% | Strong Growth |
| Berlin | €1,500 | 3.0% | Regulated Market |
Prague's rental rates sit below Western European capitals like Munich and Berlin while exceeding Eastern European alternatives like Budapest and Warsaw. This positioning reflects Prague's status as a developed Central European hub with growing international appeal.
The city's 4.0% rental yields outperform major Western European markets while remaining competitive with regional alternatives. Prague's yields trail some Eastern European cities like Budapest (5.2%) but offer greater market stability and growth potential.
Prague's market outlook benefits from political stability, EU membership, and strategic geographic location, providing investors with lower risk profiles compared to emerging markets while maintaining growth potential absent in mature Western markets.
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Conclusion
This article is for informational purposes only and should not be considered financial advice. Readers are advised to consult with a qualified professional before making any investment decisions. We do not assume any liability for actions taken based on the information provided.
Prague's rental market in 2025 demonstrates robust fundamentals with average rents reaching CZK 438 per square meter and yields stabilizing around 4.0%. The market favors landlords through high demand, minimal vacancy periods, and steady rent growth driven by expatriate influx and limited housing supply.
Investors should focus on outer districts like Prague 4, 8, and 9 for optimal yield potential while tenants will find the best value in these same areas. The market's balance of affordability, stability, and growth potential positions Prague as an attractive destination for both property investment and residential relocation within Central Europe.
Sources
- Prague Daily - Housing Market Analysis
- ConBiz - Prague Real Estate Market Report
- Numbeo - Cost of Living Prague
- Spotahome - Prague Studio Rentals
- Nestpick - Prague Rental Market
- Statista - European Rental Costs
- Airbtics - Prague Airbnb Revenue
- Global Property Guide - Czech Republic Yields
- Expats.cz - Mortgage vs Rent Comparison
- Housing Anywhere - Rent Index