Authored by the expert who managed and guided the team behind the Cyprus Property Pack
Everything you need to know before buying real estate is included in our Cyprus Property Pack
If you're looking to rent or invest in property in Cyprus, understanding current rental prices is essential.
This article covers residential rents across Cyprus in 2026, from studios to family homes, and we constantly update it with the latest data.
And if you're planning to buy a property in this place, you may want to download our pack covering the real estate market in Cyprus.
Insights
- Limassol rents in Cyprus are roughly 50% higher than Nicosia for comparable apartments, driven by expat demand and limited seafront supply.
- Available rental listings in Cyprus dropped sharply between January and July 2025, signaling a tight market heading into 2026.
- A typical 2-bedroom in Limassol asks around 2,500 euros per month, while the same apartment in Larnaca costs closer to 1,275 euros.
- Cyprus rent growth is projected at 3% to 6% for 2026, with Limassol at the top end and Larnaca more moderate.
- Vacancy rates in Cyprus sit around 2% to 4% in Limassol, meaning well-priced units often rent within two to three weeks.
- Expats and relocators represent a significant share of tenants in Limassol and Paphos, pushing demand for furnished apartments.
- Summer months (June to September) see the tightest rental supply in Cyprus as seasonal moves and relocations peak.
- Rent per square meter in Limassol reaches around 30 euros, compared to roughly 20 euros in Nicosia and 19 to 22 euros in Larnaca.
- Cyprus landlords typically pay local municipal charges of 200 to 600 euros per year since the national property tax was abolished.
- Electricity costs for tenants in Cyprus can reach 150 to 250 euros per month during summer due to heavy air conditioning use.
What are typical rents in Cyprus as of 2026?
What's the average monthly rent for a studio in Cyprus as of 2026?
As of early 2026, a studio apartment in Cyprus typically rents for around 1,000 euros per month (approximately 1,050 US dollars), though this varies significantly by city.
The realistic range runs from 700 to 1,350 euros per month (735 to 1,420 US dollars), with Limassol at the top and Larnaca more affordable.
Key factors causing studio rents to vary in Cyprus are location (seafront versus inland), proximity to business districts, building age, and furnishing, with Limassol commanding premiums of 40% or more over Nicosia or Larnaca.
What's the average monthly rent for a 1-bedroom in Cyprus as of 2026?
As of early 2026, a 1-bedroom apartment in Cyprus typically rents for around 1,300 euros per month (approximately 1,365 US dollars), representing a weighted average across main cities.
The realistic range runs from 950 to 1,800 euros per month (1,000 to 1,890 US dollars), with premium Limassol seafront locations exceeding this.
For cheaper 1-bedroom rents in Cyprus, look to Larnaca's Aradippou or Nicosia's Lakatamia, while the highest prices are in Limassol's Neapolis and Germasogeia where asking rents reach 1,650 euros or more.
What's the average monthly rent for a 2-bedroom in Cyprus as of 2026?
As of early 2026, a 2-bedroom apartment in Cyprus typically rents for around 1,650 euros per month (approximately 1,730 US dollars), though this masks significant city variation.
The realistic range runs from 1,150 to 2,750 euros per month (1,210 to 2,890 US dollars), with Limassol's premium locations pushing above this ceiling.
For cheaper 2-bedroom rents in Cyprus, consider Nicosia's Strovolos or Lakatamia (around 1,150 euros), while the most expensive are in Limassol's Neapolis, Germasogeia, and Agios Tychonas where asking rents exceed 2,500 euros.
By the way, you will find much more detailed rent ranges in our property pack covering the real estate market in Cyprus.
What's the average rent per square meter in Cyprus as of 2026?
As of early 2026, the average rent per square meter in Cyprus is around 24 euros per month (approximately 25 US dollars), varying considerably by city.
The realistic range runs from 18 to 32 euros per month (19 to 34 US dollars), with Limassol seafront at the higher end and inland Nicosia or Larnaca lower.
Limassol stands out at roughly 30 euros per square meter, while Nicosia averages around 20 euros and Larnaca sits between 19 and 22 euros.
Characteristics pushing rent per square meter above average in Cyprus include seafront location, new-build construction, high-floor views, modern air conditioning, and proximity to international schools or business districts.
How much have rents changed year-over-year in Cyprus in 2026?
As of early 2026, rents in Cyprus have increased by an estimated 3% to 6% year-over-year, with Limassol toward the higher end.
Main factors driving rent increases in Cyprus include tight supply (listings dropped sharply in 2025), steady expat demand in Limassol, and economic growth supporting household incomes.
This year's rent increase is consistent with previous years, as official indices show steady upward movement without the sharp spikes seen in some other European markets.
What's the outlook for rent growth in Cyprus in 2026?
As of early 2026, we project moderate rent growth of 3% to 6% for Cyprus, with continued demand and limited new supply supporting prices.
Key factors influencing rent growth include sustained GDP growth (around 2.5% to 3%), continued expat and remote worker inflows, and a tight labor market keeping incomes stable.
Neighborhoods expected to see strongest rent growth in Cyprus include Limassol's Neapolis, Germasogeia, and Agios Tychonas, where international demand and limited seafront supply create persistent pressure.
Risks that could shift projections include a global economic slowdown, significant new supply, or changes to residency programs affecting expat inflows.
We have made this infographic to give you a quick and clear snapshot of the property market in Cyprus. It highlights key facts like rental prices, yields, and property costs both in city centers and outside, so you can easily compare opportunities. We’ve done some research and also included useful insights about the country’s economy, like GDP, population, and interest rates, to help you understand the bigger picture.
Which neighborhoods rent best in Cyprus as of 2026?
Which neighborhoods have the highest rents in Cyprus as of 2026?
As of early 2026, the top neighborhoods with highest rents in Cyprus are Neapolis and Germasogeia in Limassol (1,650 to 2,600 euros per month, or 1,730 to 2,730 US dollars), followed by Kato Paphos (1,250 to 1,450 euros).
These neighborhoods command premium rents because they offer seafront access, modern apartments, proximity to business hubs, and services catering to expats.
Typical tenants in these high-rent Cyprus neighborhoods include expat professionals, relocating families with international school needs, and remote workers seeking Mediterranean lifestyle.
By the way, we've written a blog article detailing what are the current best areas to invest in property in Cyprus.
Where do young professionals prefer to rent in Cyprus right now?
Top neighborhoods where young professionals rent in Cyprus are Neapolis and Mesa Geitonia in Limassol, Strovolos in Nicosia, and Mackenzie in Larnaca.
Young professionals in these areas typically pay 1,000 to 1,800 euros per month (1,050 to 1,890 US dollars) for a 1-bedroom or small 2-bedroom.
Features attracting young professionals include walkability to offices and cafes, nightlife, gyms, co-working spaces, and easy beach or city center access.
By the way, you will find a detailed tenant analysis in our property pack covering the real estate market in Cyprus.
Where do families prefer to rent in Cyprus right now?
Top neighborhoods where families rent in Cyprus are Strovolos and Aglantzia in Nicosia, Agios Athanasios in Limassol, and Chloraka in Paphos.
Families in these areas typically pay 1,200 to 2,200 euros per month (1,260 to 2,310 US dollars) for 2-bedroom or 3-bedroom apartments.
Features making these neighborhoods family-friendly include larger apartments, parks and green spaces, quieter streets with parking, and access to supermarkets and healthcare.
Top schools near these areas include the English School Nicosia (near Strovolos), Foley's School Limassol (near Agios Athanasios), and International School of Paphos (near Chloraka).
Which areas near transit or universities rent faster in Cyprus in 2026?
As of early 2026, areas that rent fastest in Cyprus are Aglantzia near University of Cyprus in Nicosia, central Limassol near Cyprus University of Technology, and Mackenzie in Larnaca near the airport corridor.
Properties in these high-demand areas typically stay listed for just 10 to 25 days, compared to the national average of 20 to 35 days.
The rent premium for properties near transit or universities in Cyprus is around 10% to 15%, translating to 100 to 200 euros extra per month (105 to 210 US dollars).
Which neighborhoods are most popular with expats in Cyprus right now?
Top neighborhoods popular with expats in Cyprus are Germasogeia and Neapolis in Limassol, Kato Paphos, and Mackenzie in Larnaca.
Expats typically pay 1,200 to 2,000 euros per month (1,260 to 2,100 US dollars) for furnished 1-bedroom or 2-bedroom apartments.
Features attracting expats include English-speaking services, international restaurants, coastal lifestyle, modern buildings, and proximity to international schools and healthcare.
The most represented expat communities include British, Russian, Ukrainian, Israeli, and remote workers from across the EU.
And if you are also an expat, you may want to read our exhaustive guide for expats in Cyprus.
Get fresh and reliable information about the market in Cyprus
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Who rents, and what do tenants want in Cyprus right now?
What tenant profiles dominate rentals in Cyprus?
The top tenant profiles in Cyprus are local employees (especially Nicosia and Limassol), expats and relocators (Limassol and Paphos), and students or young sharers (particularly Nicosia).
Local employees represent roughly 40% to 45% of the rental market, expats account for 30% to 35%, and students plus young sharers make up 15% to 20%.
Local employees typically seek affordable 1-bedroom or 2-bedroom unfurnished apartments, expats prefer furnished 2-bedroom or 3-bedroom units in premium locations, and students look for shared apartments or studios near universities.
If you want to optimize your cashflow, you can read our complete guide on how to buy and rent out in Cyprus.
Do tenants prefer furnished or unfurnished in Cyprus?
In Cyprus, roughly 55% to 60% of tenants prefer unfurnished or semi-furnished rentals, while 40% to 45% prefer fully furnished, with furnished demand higher in Limassol and Paphos.
The rent premium for furnished apartments in Cyprus is around 15% to 25%, translating to 150 to 350 euros extra per month (160 to 370 US dollars).
Tenant profiles preferring furnished rentals include expats on shorter assignments, relocating professionals, and digital nomads wanting to move in without buying furniture.
Which amenities increase rent the most in Cyprus?
Top amenities increasing rent in Cyprus are covered parking, modern air conditioning, a balcony or terrace with views, a communal pool, and pre-installed high-speed internet.
Rent premiums in Cyprus: covered parking adds 50 to 100 euros per month, modern A/C adds 30 to 80 euros, a balcony with views adds 50 to 150 euros, a pool adds 75 to 150 euros, and pre-installed internet adds 20 to 50 euros.
In our property pack covering the real estate market in Cyprus, we cover what are the best investments a landlord can make.
What renovations get the best ROI for rentals in Cyprus?
Top renovations for rental ROI in Cyprus are upgrading air conditioning, refreshing the kitchen, modernizing the bathroom, installing energy-efficient windows, and improving a balcony or terrace.
Costs and expected rent increases: A/C upgrade costs 1,500 to 3,000 euros and adds 50 to 100 euros per month, kitchen refresh costs 3,000 to 7,000 euros and adds 75 to 150 euros, bathroom modernization costs 2,000 to 5,000 euros and adds 50 to 100 euros, windows cost 2,000 to 4,000 euros and add 30 to 60 euros, balcony improvements cost 1,000 to 3,000 euros and add 40 to 80 euros.
Renovations with poor ROI to avoid include luxury finishes exceeding neighborhood standards, highly personalized designs, and structural changes that don't add usable space.
We did some research and made this infographic to help you quickly compare rental yields of the major cities in Cyprus 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.
How strong is rental demand in Cyprus as of 2026?
What's the vacancy rate for rentals in Cyprus as of 2026?
As of early 2026, the effective vacancy rate for rentals in Cyprus is estimated at around 4% nationwide, varying by city and neighborhood.
Vacancy rates range from about 2% in high-demand Limassol seafront areas to around 6% in less central parts of Larnaca or Paphos.
The current vacancy rate is below historical averages, reflecting tight supply conditions since 2024 when available listings dropped sharply.
Finally please note that you will have all the indicators you need in our property pack covering the real estate market in Cyprus.
How many days do rentals stay listed in Cyprus as of 2026?
As of early 2026, rentals in Cyprus stay listed for an average of 20 to 35 days, though well-priced properties in high-demand areas rent faster.
The range runs from 10 to 25 days in Limassol (for correctly priced units) to 30 to 45 days in less central Nicosia or Paphos locations.
Current days-on-market is similar to or slightly lower than one year ago, as tight supply keeps demand strong.
Which months have peak tenant demand in Cyprus?
Peak demand months in Cyprus are June through September, driven by summer relocations, seasonal hiring, and the academic calendar, with a secondary peak in August to October for student arrivals.
Seasonal demand drivers include the summer relocation season (when expats move), university start dates (especially Nicosia), and the "new year reset" in January.
Lowest demand months are typically November through February (excluding early January), when fewer people relocate.
Buying real estate in Cyprus can be risky
An increasing number of foreign investors are showing interest. However, 90% of them will make mistakes. Avoid the pitfalls with our comprehensive guide.
What will my monthly costs be in Cyprus as of 2026?
What property taxes should landlords expect in Cyprus as of 2026?
As of early 2026, landlords in Cyprus should expect 200 to 600 euros per year (210 to 630 US dollars) in local municipal charges, since the national Immovable Property Tax was abolished.
The range depends on property value, location, and municipality, running from 150 euros for smaller units to 700 euros or more for larger properties in central Limassol or Nicosia.
Property charges in Cyprus are calculated at the municipal level and include waste collection, street lighting, and sewerage fees.
Please note that, in our property pack covering the real estate market in Cyprus, we cover what exemptions or deductions may be available to reduce property taxes for landlords.
What maintenance budget per year is realistic in Cyprus right now?
A realistic annual maintenance budget for a typical rental in Cyprus is 1,500 to 2,500 euros (1,575 to 2,625 US dollars), or 15 to 25 euros per square meter per year.
The range depends on property age and condition, from 1,000 euros for newer buildings to 3,500 euros or more for older properties needing frequent repairs.
Landlords in Cyprus typically set aside 8% to 12% of annual rental income for maintenance, with higher percentages for older A/C systems or coastal properties exposed to salt air.
What utilities do landlords often pay in Cyprus right now?
In Cyprus, landlords typically pay only building common expenses where the lease is "inclusive," while most long-term arrangements have tenants covering electricity, water, and internet.
Typical monthly costs tenants pay: electricity 120 to 250 euros (higher in summer), water 20 to 50 euros, internet 30 to 60 euros.
The common practice is for tenants to pay all utility bills directly, with landlords covering only communal area costs where applicable.
How is rental income taxed in Cyprus as of 2026?
As of early 2026, rental income in Cyprus is subject to progressive income tax, plus SDC of effectively 2.25% on gross rent for Cyprus-domiciled tax residents, and GHS/GeSY health contribution of around 2.65% on gross rent.
Main deductions landlords can claim include property-related expenses such as repairs, maintenance, insurance, and professional fees, though specifics depend on individual circumstances.
A common tax mistake in Cyprus is forgetting SDC and GHS contributions when budgeting, as these total nearly 5% of gross rent and are often overlooked by newer landlords.
We cover these mistakes, among others, in our list of risks and pitfalls people face when buying property in Cyprus.
We made this infographic to show you how property prices in Cyprus compare to other big cities across the region. It breaks down the average price per square meter in city centers, so you can see how cities stack up. It’s an easy way to spot where you might get the best value for your money. We hope you like it.
What sources have we used to write this blog article?
Whether it's in our blog articles or the market analyses in our property pack about Cyprus, we rely on strong methodology and don't throw out numbers at random.
We aim for full transparency, so below are the authoritative sources we used and how we applied them.
| Source | Why it's authoritative | How we used it |
|---|---|---|
| RICS Cyprus Property Index (Q3 2025) | Long-running professional survey by RICS with KPMG using documented methodology. | We used it to anchor market rent direction by district. We treated it as a reality-check against asking-rent data. |
| KPMG Cyprus Press Release (RICS Index) | Big Four firm publishing official notes tied to the RICS index. | We used it to confirm the latest index period and district narrative. We cross-checked direction with other sources. |
| Landbank Analytics via Cyprus Mail (July 2025) | National newspaper attributing figures to a named dataset. | We used it for comparable asking rents by city and bedroom count. We also used supply counts as demand signals. |
| Cyprus Property News (Landbank Analysis) | Reproduces Landbank Analytics breakdown in structured format. | We used it to double-check rent figures by bedroom and district as a second publication of the same analysis. |
| Eurostat House Prices and Rents (Q1 2025) | EU's official statistics agency with direct data release. | We used it to anchor EU-wide rent-growth context. We used it as a sanity check on year-over-year estimates. |
| Eurostat/FRED HICP Actual Rentals (Cyprus) | Eurostat data redistributed by St. Louis Fed with transparent definitions. | We used it to ground rent inflation trends. We triangulated asking-rent growth against official inflation. |
| CYSTAT Price Indices | Official national statistics office for Cyprus. | We used it to reference official CPI/HICP pathways. We used it for methodology notes on how rents appear in statistics. |
| European Commission Economic Forecast (Cyprus) | EU's official macro forecast hub for member states. | We used it to frame 2026 demand drivers. We used it as one input into our rent-growth outlook. |
| IMF Cyprus 2025 Article IV | Top-tier international institution with standardized surveillance. | We used it for macro risks and growth expectations. We used it to stress-test upside/downside rent outlooks. |
| University of Cyprus Economic Outlook (July 2025) | University research centre with explicit forecasts and assumptions. | We used it for Cyprus-specific growth and inflation views. We triangulated it with EC and IMF for our outlook band. |
| Central Bank of Cyprus Economic Bulletin | Country's central bank and official publication channel. | We used it to keep narrative aligned with official macro framing even when using private rent data. |
| PwC Cyprus Tax Facts 2025 | Big Four firm with structured, citable tax reference. | We used it to summarize landlord tax rules. We cross-checked SDC on rents and residency rules. |
| PwC Tax Summaries (Cyprus Individual) | Widely used, regularly maintained tax reference. | We used it to confirm rental income and SDC interactions. We used it as a second source. |
| EAC Domestic Tariffs | National electricity utility with regulated tariff schedule. | We used it to translate utilities into monthly budget ranges. We combined tariffs with usage assumptions. |
| Nicosia District Water Fees | Official local government water tariff page. | We used it as a concrete water billing example. We used it to estimate costs and explain municipal variation. |
| Cyta Internet Home Plans | Cyprus's major telecom with current consumer pricing. | We used it for realistic internet cost ranges. We treated it as a benchmark noting alternative providers may differ. |
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