What is the average rent in Paris?

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What's the current average rent in Paris by property type?

Paris rental prices vary significantly by property type, with smaller units commanding higher per-square-meter rates due to high demand and limited supply.

Studios average €40.30 per square meter, translating to approximately €1,007 monthly for a typical 25-square-meter unit. One-bedroom apartments cost around €35.00 per square meter, averaging €1,400 monthly for 40 square meters of space.

Two-bedroom apartments show more competitive pricing at €33.80 per square meter, with monthly rents reaching €2,366 for 70-square-meter units. Three-bedroom properties maintain similar per-meter costs at €33.30, though total monthly payments of €2,100 reflect their appeal to families seeking value in outer arrondissements.

Furnished apartments command premiums of 10-15% over unfurnished equivalents across all property types. This premium reflects the convenience factor valued by short-term residents, expats, and professionals relocating to Paris.

As we reach mid-2025, these rental rates represent increases of approximately 3-5% compared to the same period in 2024, driven by sustained demand and limited new supply in the Paris rental market.

How does average rent vary by arrondissement across Paris?

Paris rental costs show dramatic variation between central and peripheral arrondissements, with location premiums reaching 40-50% in the most desirable districts.

Central arrondissements (1st through 9th) command the highest rents at €35-40+ per square meter, with premium locations like Le Marais and Saint-Germain-des-Prés pushing rates even higher. The 2nd, 7th, and 16th arrondissements represent the luxury tier, where proximity to landmarks like the Eiffel Tower drives rents to €40-50+ per square meter.

Eastern districts (10th-12th, 19th-20th arrondissements) offer more affordable options at €29-33 per square meter, making them popular with students and young professionals. These areas provide excellent value while maintaining good transport connections to central Paris.

Western arrondissements (15th-17th) position themselves in the middle range at €30-35 per square meter, attracting families who prioritize larger units and residential neighborhoods over central location. These districts offer the best balance of space, amenities, and relative affordability for family living.

The rental premium for central locations reflects proximity to business districts, cultural attractions, and transportation hubs that define Paris as a global city.

What's the average rent per square meter by property type and district?

What's the typical monthly rent including charges, taxes, and agency fees?

Total monthly rental costs in Paris extend well beyond the base rent, with additional charges adding €200-500 to monthly expenses depending on property size and building amenities.

Utility charges typically range from €200-300 monthly for studios and one-bedroom units, rising to €400-500 for larger apartments with multiple bedrooms. These charges cover building maintenance, heating, water, and common area services that are standard in Parisian apartment buildings.

Agency fees represent a significant upfront cost, typically 10-12% of annual rent for furnished leases and 8-10% for unfurnished properties. For a €2,000 monthly apartment, tenants face agency fees of €2,000-2,400 at lease signing, making initial rental costs substantial.

Guarantor services, required for tenants without French income sources, add approximately 4.5% of annual rent to the total cost. International tenants often rely on these services, adding €1,080 annually for a €2,000 monthly rental.

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What are the main costs and taxes for property owners renting out in Paris?

Property owners in Paris face substantial taxation on rental income, with combined rates reaching 37.2% when including income tax and social charges.

Rental income taxation follows French progressive rates, with most property investors paying 20% income tax plus 17.2% social charges on net rental income. This 37.2% combined rate applies to rental profits after deducting mortgage interest, property management fees, and maintenance costs.

Property tax (taxe foncière) represents an annual obligation for all property owners, typically ranging from €15-25 per square meter depending on the arrondissement and property value. For a 70-square-meter apartment, annual property tax ranges from €1,050-1,750.

Additional costs include mandatory building insurance, property management fees (typically 6-10% of rental income for full service), and periodic maintenance expenses that can reach 1-2% of property value annually.

Owners must also budget for vacancy periods and potential renovation costs between tenants, which impact overall rental yield calculations significantly in the competitive Paris market.

What is the average mortgage cost for landlords based on current rates?

Paris property investors face mortgage rates averaging 3.25% for 15-year terms and 3.50% for 25-year loans as of June 2025, with monthly payments varying significantly based on loan duration and property purchase price.

For a typical €250,000 property purchase, a 20-year mortgage at 3.50% interest results in monthly payments of approximately €1,461. This calculation assumes a 20% down payment of €50,000, with the remaining €200,000 financed through the mortgage.

Property prices in Paris range from €8,700 per square meter in peripheral arrondissements to €15,000+ per square meter in premium central locations. A 50-square-meter apartment in the 10th arrondissement might cost €435,000, requiring monthly mortgage payments of approximately €2,180 for a 25-year term.

Lenders typically require down payments of 20-25% for investment properties, with some international buyers facing higher requirements of 30-40%. French banks also evaluate rental income potential when calculating loan eligibility, generally requiring mortgage payments to not exceed 70% of expected rental income.

Current mortgage availability for non-residents remains good, though documentation requirements have increased compared to previous years, making early preparation essential for international property investors.

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How do short-term rental returns compare to long-term rental income?

Short-term rentals in Paris can generate gross yields of 8-15% compared to 3-7% for long-term rentals, but regulatory restrictions and higher operating costs significantly impact net profitability.

Gross rental yields for short-term properties reach their highest potential in tourist-heavy arrondissements like the 1st, 4th, and 7th, where prime locations command premium nightly rates. However, the 90-day annual rental cap imposed by Paris authorities severely limits earning potential for most properties.

Net yields tell a different story, with short-term rentals achieving 0-7% returns after accounting for platform fees, cleaning costs, higher utilities, and frequent vacancy periods. Long-term rentals maintain more stable net yields of 2-6%, benefiting from consistent occupancy and lower operational demands.

Operating costs for short-term rentals include Airbnb commission fees (3-5%), professional cleaning services (€80-120 per turnover), higher utility bills, and property management services that can consume 20-25% of gross income. Long-term rentals typically incur management costs of only 6-10% of rental income.

As of 2025, most Paris property investors focus on long-term rentals due to regulatory certainty and more predictable returns, reserving short-term strategies for properties in specific tourist zones where the 90-day limit doesn't severely impact profitability.

What are some real examples of current rental listings in Paris?

Current Paris rental listings demonstrate the wide range of options available across different property types and arrondissements, with prices reflecting location premiums and property condition.

A typical studio in the 11th arrondissement lists for €1,250 monthly for 29 square meters, representing €43.10 per square meter in this popular eastern district. This furnished unit appeals to young professionals and students seeking proximity to nightlife and cultural venues.

Two-bedroom apartments show dramatic price variation based on location and luxury level. A standard 50-square-meter unit in the 19th arrondissement rents for €2,100 monthly (€42 per square meter), while a premium 108-square-meter apartment in central Paris commands €5,100 monthly (€47.20 per square meter).

Luxury family properties reach the highest rental tiers, with a 157-square-meter apartment in the prestigious 2nd arrondissement listing for €6,800 monthly. This represents €43.30 per square meter for a property likely featuring period architecture, high ceilings, and prime location near the Louvre.

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What are the common profiles of renters in Paris and what do they look for?

Paris attracts diverse renter profiles, each with distinct preferences that shape different segments of the rental market and drive demand patterns across various arrondissements.

Expat families prioritize furnished apartments near international schools, particularly in the 15th and 16th arrondissements where quality bilingual education options concentrate. These tenants typically seek 3-4 bedroom properties with modern amenities and willingly pay premiums for family-friendly neighborhoods with parks and services.

Students dominate the eastern arrondissements (10th-12th), seeking affordable studios and shared accommodations near universities and transportation hubs. This demographic drives demand for properties under €1,200 monthly, often accepting smaller spaces and basic amenities in exchange for central locations and metro access.

Professional expats and international workers concentrate their search in central arrondissements (1st-9th), prioritizing proximity to business districts despite higher rental costs. These tenants frequently request furnished properties for 1-2 year assignments and value modern amenities, high-speed internet, and efficient transportation connections.

Young French professionals increasingly target emerging neighborhoods in the 10th, 11th, and 12th arrondissements, balancing affordability with lifestyle amenities like restaurants, bars, and cultural venues. This group often accepts longer commutes to secure larger spaces and neighborhood character at more reasonable prices.

Each renter profile influences specific market segments, creating distinct demand patterns that property investors can target for optimal rental performance and tenant stability.

What are the average vacancy rates and time-to-rent in Paris?

Paris maintains exceptionally low vacancy rates below 1% in desirable central arrondissements, reflecting strong rental demand that consistently outpaces available supply across most property types.

Time-to-rent averages 2-4 weeks for well-located properties in high-demand areas, with studios and one-bedroom units typically renting fastest due to strong demand from students and young professionals. Properties in central arrondissements often receive multiple applications within days of listing.

Luxury properties and larger family apartments require longer marketing periods, sometimes extending to 6-8 weeks for premium units priced above market averages. These properties target more specific tenant profiles, requiring additional time to find qualified renters willing to meet premium pricing expectations.

Seasonal variations affect rental velocity, with September representing peak demand as students return and corporate relocations increase. Summer months show slower activity, though central locations maintain steady interest from international tenants throughout the year.

Properties in peripheral arrondissements (18th-20th) experience slightly higher vacancy rates of 1-2% and longer marketing periods of 4-6 weeks, though prices in these areas offer better value propositions for cost-conscious tenants seeking larger spaces.

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What is the current net rental yield by property type and area?

Net rental yields in Paris currently range from 2.5% to 4.5% for long-term rentals, with significant variation based on property type, location, and purchase price relative to rental income potential.

Central arrondissements deliver lower net yields of 2.5-3.5% due to premium purchase prices that rental income cannot fully offset. However, these properties offer greater capital appreciation potential and consistently low vacancy rates that provide investment stability.

Eastern and peripheral arrondissements generate higher net yields of 3.5-4.5%, benefiting from lower acquisition costs while maintaining solid rental demand. The 10th, 11th, and 19th arrondissements represent the sweet spot for yield-focused investors seeking regular rental income.

Yield trends show modest compression compared to five years ago, when net returns averaged 3.5-5.5% across Paris. Increased property prices and regulatory changes have reduced yields by approximately 1-2 percentage points since 2020, though demand stability has maintained rental income growth.

One year ago, yields averaged 0.5% lower due to higher mortgage rates and increased acquisition costs. Current stabilization reflects improved financing conditions and rental market maturity that supports consistent returns for well-positioned properties.

How do Paris rental yields and rents compare with other European cities?

What are the forecasts for Paris rental yields and rents over 1, 5, and 10 years?

Paris rental market forecasts indicate modest rental growth of 2-3% annually through 2026, with yield stability expected despite continued supply constraints and regulatory oversight that will shape long-term performance.

One-year outlook suggests rental increases will track inflation, with premium central locations maintaining slight premiums due to international demand. Yields should remain stable at current 2.5-4.5% ranges, supported by low vacancy rates and controlled supply growth.

Five-year projections show cumulative rental growth of 10-15%, driven by Paris's role as a European business hub and continued population growth. Yield compression of 0.3-0.5% is expected as property values appreciate faster than rental income, typical of mature metropolitan markets.

Ten-year forecasts anticipate Paris will retain its position as Europe's most expensive rental market, with sustained international demand supporting rental premiums. Climate adaptation requirements and building efficiency mandates may create additional costs that influence both rents and property values significantly.

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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.

Sources

1. Paris Rental - Cost of Renting in Paris 2025
2. Statista - Paris Rent Statistics
3. Tranio - France Property Prices
4. Le Figaro Properties - Paris Rentals
5. Paris Rental - French Property Tax Guide
6. Global Property Guide - European Rental Insights
7. Capifrance - French Mortgage Rates 2025
8. Adrian Leeds - Rental Market Outlook 2025
9. Global Property Guide - France Rental Yields
10. Numbeo - Paris Property Investment Comparison