Authored by the expert who managed and guided the team behind the Cyprus Property Pack
Yes, the analysis of Paphos' property market is included in our pack
Looking for current rental prices in Paphos? This guide gives you the latest figures for January 2026.
We update this blog post regularly so you always have fresh, reliable data on Paphos rents.
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 Paphos.
Insights
- One-bedroom apartments in Paphos now rent for around €900 per month, which is roughly 6% higher than in January 2025, driven by steady expat and tourism demand.
- Paphos rental vacancy sits at about 5% to 7% annually, but drops noticeably in spring and summer when seasonal hiring and relocations peak.
- Furnished rentals are more common in Paphos than in other Cypriot cities because of the large share of international tenants who want move-in-ready homes.
- Coastal neighborhoods like Kato Paphos and Coral Bay command the highest rents, often 15% to 25% above the city average, due to seafront access and lifestyle appeal.
- Paphos rent per square meter averages around €17, which is lower than Limassol but higher than Nicosia for comparable coastal properties.
- Areas near Neapolis University Pafos, especially Chloraka, rent faster because student and staff demand creates year-round occupancy beyond the tourist season.
- Air conditioning and reliable internet are the top rent boosters in Paphos, adding €50 to €100 per month compared to units without these features.
- Families seeking rentals in Paphos tend to cluster in Geroskipou, Konia, and Tala, where 2 to 3 bedroom homes range from €1,100 to €1,600 per month.
- The British expat community remains the largest in Paphos, followed by Germans and Scandinavians, and they concentrate in Chloraka, Peyia, and Coral Bay.
- Paphos landlords typically pass electricity and water costs to tenants, but often cover communal fees for complexes with pools or shared gardens.
What are typical rents in Paphos as of 2026?
What's the average monthly rent for a studio in Paphos as of 2026?
As of early 2026, the average monthly rent for a studio in Paphos is around €680, which is approximately $710 USD.
Most studios in Paphos rent between €550 and €850 per month ($575 to $890 USD), depending on location and condition.
The main factors that cause studio rents to vary in Paphos are proximity to the coast, building age, and whether the unit comes furnished with air conditioning.
What's the average monthly rent for a 1-bedroom in Paphos as of 2026?
As of early 2026, the average monthly rent for a 1-bedroom apartment in Paphos is around €900, which is approximately $940 USD.
Most 1-bedroom apartments in Paphos rent between €700 and €1,150 per month ($730 to $1,200 USD), with older inland units at the low end and modern coastal apartments at the high end.
In Paphos, the cheapest 1-bedroom rents are typically found in Mesogi and Anavartagos, while the highest rents appear in Kato Paphos and the Tombs of the Kings area near the seafront.
What's the average monthly rent for a 2-bedroom in Paphos as of 2026?
As of early 2026, the average monthly rent for a 2-bedroom apartment in Paphos is around €1,300, which is approximately $1,360 USD.
Most 2-bedroom apartments in Paphos rent between €1,000 and €1,700 per month ($1,050 to $1,780 USD), depending on location, amenities, and property condition.
In Paphos, the most affordable 2-bedroom rents are typically in Geroskipou and Konia, while the most expensive 2-bedroom units are in Kato Paphos, Coral Bay, and premium complexes along the Tombs of the Kings road.
By the way, you will find much more detailed rent ranges in our property pack covering the real estate market in Paphos.
What's the average rent per square meter in Paphos as of 2026?
As of early 2026, the average rent per square meter in Paphos is around €17 per month, which is approximately $18 USD per square meter.
Rent per square meter in Paphos typically ranges from €13 to €22 ($14 to $23 USD), with inland areas at the lower end and prime coastal neighborhoods at the higher end.
Compared to other major cities in Cyprus, Paphos rent per square meter is lower than Limassol (which averages around €20 to €25) but similar to or slightly higher than Nicosia for comparable quality apartments.
In Paphos, properties that push rent per square meter above average are typically newer builds with sea views, energy-efficient features, and amenities like pools or covered parking.
How much have rents changed year-over-year in Paphos in 2026?
As of early 2026, rents in Paphos have increased by an estimated 5% to 7% compared to January 2025.
The main factors driving rent increases in Paphos this year are continued strong tourism arrivals, steady expat demand, and limited new rental supply coming onto the market.
This year's rent growth in Paphos is similar to 2025's pace, which also saw mid-single-digit increases, meaning the upward trend has remained consistent rather than accelerating or slowing dramatically.
What's the outlook for rent growth in Paphos in 2026?
As of early 2026, we project rents in Paphos to grow by 3% to 6% over the coming year, with better-quality units likely outperforming the average.
The key factors likely to influence Paphos rent growth include continued tourism strength, airport connectivity through Paphos International, and Cyprus's stable economic outlook with moderate GDP growth expected.
In Paphos, neighborhoods expected to see the strongest rent growth are Kato Paphos, Universal, and Chloraka, where demand from expats, students, and service-sector workers remains concentrated.
Risks that could cause Paphos rent growth to differ from projections include any eurozone interest rate shocks, a slowdown in tourism arrivals, or broader economic uncertainty that dampens relocation activity.
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 Paphos as of 2026?
Which neighborhoods have the highest rents in Paphos as of 2026?
As of early 2026, the top three neighborhoods with the highest average rents in Paphos are Kato Paphos (averaging €1,100 to €1,500 per month or $1,150 to $1,570 USD), Coral Bay in Peyia (€1,200 to €1,600 or $1,260 to $1,670 USD), and the Tombs of the Kings area (€1,000 to €1,400 or $1,050 to $1,460 USD).
These neighborhoods command premium rents in Paphos because they offer seafront access, walkable amenities, modern apartment complexes, and the lifestyle appeal that attracts international tenants.
The tenant profile that typically rents in these high-rent Paphos neighborhoods includes expats seeking coastal living, remote workers with higher budgets, and long-stay visitors who value convenience and quality.
By the way, we've written a blog article detailing what are the current best areas to invest in property in Paphos.
Where do young professionals prefer to rent in Paphos right now?
The top three neighborhoods where young professionals prefer to rent in Paphos are Universal, Paphos City Centre (Kentro), and select pockets of Kato Paphos near the harbor and services.
Young professionals in these Paphos neighborhoods typically pay €750 to €1,100 per month ($785 to $1,150 USD) for a 1-bedroom or small 2-bedroom apartment.
The specific amenities that attract young professionals to these Paphos neighborhoods include walkable cafes and gyms, reliable public transport connections, coworking-friendly cafes, and easy access to both the city center and coastal employment zones.
By the way, you will find a detailed tenant analysis in our property pack covering the real estate market in Paphos.
Where do families prefer to rent in Paphos right now?
The top three neighborhoods where families prefer to rent in Paphos are Geroskipou, Konia, and Tala, all of which offer more space and quieter surroundings than the city center.
Families in these Paphos neighborhoods typically pay €1,100 to €1,600 per month ($1,150 to $1,670 USD) for a 2 to 3 bedroom apartment or townhouse.
The specific features that make these Paphos neighborhoods attractive to families include larger properties with gardens or terraces, easier parking, quieter streets, and proximity to schools and supermarkets.
Top-rated schools near these family-friendly Paphos neighborhoods include the International School of Paphos, ISOP (private), and several well-regarded public primary schools in Geroskipou and Konia.
Which areas near transit or universities rent faster in Paphos in 2026?
As of early 2026, the top three areas near transit hubs or universities that rent fastest in Paphos are Chloraka (near Neapolis University Pafos), Paphos City Centre around the Karavella bus hub, and Universal with its easy access to both coastal jobs and downtown.
Properties in these high-demand Paphos areas typically stay listed for 20 to 35 days, compared to 40 to 60 days for less connected locations.
The typical rent premium for properties within walking distance of transit or universities in Paphos is around €50 to €100 per month ($52 to $105 USD), reflecting the convenience value that students and commuters are willing to pay.
Which neighborhoods are most popular with expats in Paphos right now?
The top three neighborhoods most popular with expats in Paphos are Chloraka, Peyia (including Coral Bay), and Tala, all known for established international communities and English-friendly services.
Expats in these Paphos neighborhoods typically pay €900 to €1,500 per month ($940 to $1,570 USD), depending on property size and proximity to the coast.
The specific features that make these Paphos neighborhoods attractive to expats include coastal lifestyle access, English-speaking shops and medical services, and well-maintained rental stock in modern complexes.
The nationalities most represented in these Paphos expat neighborhoods are British (the largest group), followed by Germans, Scandinavians, and Russians, each drawn by the climate and relatively affordable coastal living.
And if you are also an expat, you may want to read our exhaustive guide for expats in Paphos.
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Who rents, and what do tenants want in Paphos right now?
What tenant profiles dominate rentals in Paphos?
The top three tenant profiles that dominate the Paphos rental market are service-sector workers (hospitality, retail, local services), expats and long-stay international residents, and students or university-related renters near Neapolis University Pafos.
In Paphos, service-sector workers represent roughly 35% to 40% of the rental market, expats account for about 30% to 35%, and students plus remote workers make up the remaining 25% to 30%.
Service-sector tenants in Paphos typically seek affordable studios or 1-bedrooms, expats often prefer furnished 2-bedroom apartments in coastal areas, and students look for shared housing or small units near the university.
If you want to optimize your cashflow, you can read our complete guide on how to buy and rent out in Paphos.
Do tenants prefer furnished or unfurnished in Paphos?
In Paphos, roughly 60% to 65% of tenants prefer furnished rentals, while 35% to 40% opt for unfurnished, making furnished more common than in many non-resort cities.
The typical rent premium for furnished apartments compared to unfurnished in Paphos is around €100 to €150 per month ($105 to $157 USD), reflecting the convenience value of move-in-ready homes.
The tenant profiles that tend to prefer furnished rentals in Paphos are expats relocating from abroad, students, remote workers on medium-term stays, and anyone who wants to avoid the hassle of shipping furniture internationally.
Which amenities increase rent the most in Paphos?
The top five amenities that increase rent the most in Paphos are air conditioning, reliable high-speed internet, covered parking, a private balcony or veranda, and access to a shared pool.
In Paphos, air conditioning typically adds €50 to €80 per month ($52 to $84 USD), reliable internet adds €30 to €50 ($31 to $52 USD), parking adds €40 to €70 ($42 to $73 USD), a balcony adds €30 to €60 ($31 to $63 USD), and pool access adds €50 to €100 ($52 to $105 USD).
In our property pack covering the real estate market in Paphos, we cover what are the best investments a landlord can make.
What renovations get the best ROI for rentals in Paphos?
The top five renovations that get the best ROI for rental properties in Paphos are modern HVAC or air conditioning installation, kitchen refresh with durable appliances, bathroom modernization, adding a basic furnishing package, and improving energy efficiency (insulation or double glazing).
In Paphos, HVAC upgrades typically cost €1,500 to €3,000 ($1,570 to $3,140 USD) and can increase rent by €50 to €80 monthly, kitchen refreshes cost €2,000 to €5,000 ($2,090 to $5,230 USD) for €40 to €70 extra rent, bathroom updates cost €1,500 to €4,000 ($1,570 to $4,180 USD) for €30 to €60 extra, furnishing packages cost €3,000 to €7,000 ($3,140 to $7,320 USD) for €100 to €150 extra, and energy upgrades cost €2,000 to €6,000 ($2,090 to $6,280 USD) for €30 to €50 extra.
Renovations that tend to have poor ROI and should be avoided by Paphos landlords include luxury finishes that exceed what typical tenants will pay for, swimming pool installations on small properties, and overly personalized design choices that limit tenant appeal.
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 Paphos as of 2026?
What's the vacancy rate for rentals in Paphos as of 2026?
As of early 2026, the estimated vacancy rate for rental properties in Paphos is around 5% to 7% on an annual average basis.
Vacancy rates across different Paphos neighborhoods range from as low as 3% to 4% in high-demand areas like Kato Paphos and Universal, to 8% to 10% in less connected inland areas during off-peak months.
The current vacancy rate in Paphos is slightly lower than the historical average of 7% to 9%, reflecting continued strong demand from tourism, expat relocations, and limited new supply entering the market.
Finally please note that you will have all the indicators you need in our property pack covering the real estate market in Paphos.
How many days do rentals stay listed in Paphos as of 2026?
As of early 2026, the estimated average number of days rentals stay listed in Paphos is 30 to 40 days for well-priced properties.
Days on market across different Paphos property types ranges from 20 to 30 days for affordable 1-bedrooms in popular areas, to 50 to 75 days for premium coastal villas or overpriced units.
The current days-on-market figure in Paphos is similar to one year ago, indicating that demand has remained steady and landlords who price correctly still find tenants relatively quickly.
Which months have peak tenant demand in Paphos?
The peak months for tenant demand in Paphos are typically March to June and August to October, when relocations, seasonal hiring, and university cycles align.
The specific factors that drive seasonal demand in Paphos include tourism industry hiring ahead of summer, expat moves timed to good weather, and university-related relocations around the academic year at Neapolis University Pafos.
The months with the lowest tenant demand in Paphos are typically December to February, when tourism slows, fewer people relocate, and the market sees more vacancies before spring activity picks up again.
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What will my monthly costs be in Paphos as of 2026?
What property taxes should landlords expect in Paphos as of 2026?
As of early 2026, landlords in Paphos should expect to pay around €250 to €700 per year ($260 to $730 USD) in local municipal charges and related fees, rather than a large national property tax.
The realistic range of annual property-related charges in Paphos depends on property value and location, spanning from €200 ($210 USD) for modest apartments to €1,000 or more ($1,050 USD) for larger or higher-value properties in premium areas.
Property-related charges in Paphos are based on local municipality rates and service levies, since the old national Immovable Property Tax was abolished, leaving mainly community-level fees that vary by municipality.
Please note that, in our property pack covering the real estate market in Paphos, we cover what exemptions or deductions may be available to reduce property taxes for landlords.
What utilities do landlords often pay in Paphos right now?
The utilities Paphos landlords most commonly pay on behalf of tenants are communal fees for buildings with shared pools, lifts, or gardens, which typically range from €50 to €150 per month ($52 to $157 USD).
For complexes with pools or extensive common areas, landlord-paid communal fees in Paphos can reach €100 to €200 per month ($105 to $210 USD), while simpler buildings may have minimal or no communal charges.
The common practice in Paphos is for electricity and water to be paid directly by tenants through metered accounts, while landlords often cover communal maintenance fees unless the lease specifies otherwise.
How is rental income taxed in Paphos as of 2026?
As of early 2026, rental income in Paphos (and all of Cyprus) is taxed as part of your total taxable income, with rates starting at 0% for income up to €19,500 and rising progressively to 35% for income above €60,000.
The main deductions Paphos landlords can claim against rental income include mortgage interest (if applicable), repair and maintenance costs, property management fees, and a standard wear-and-tear allowance for furnished rentals.
A common tax mistake Paphos landlords should avoid is failing to properly document the distinction between capital improvements (which are not immediately deductible) and repairs (which are), since Cyprus tax authorities may challenge vague expense claims.
We cover these mistakes, among others, in our list of risks and pitfalls people face when buying property in Paphos.
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 included in our property pack about Paphos, we always rely on the strongest methodology we can … and we don't throw out numbers at random.
We also aim to be fully transparent, so below we've listed the authoritative sources we used, and explained how we used them and the methods behind our estimates.
| Source | Why it's authoritative | How we used it |
|---|---|---|
| Landbank Analytics (via CBN) | It's a structured dataset built from systematic monitoring of major Cyprus listing platforms and reported by a mainstream business outlet. | We used it as our anchor for Paphos asking rents by bedroom count. We then projected forward to January 2026 using more recent trend checks from other sources. |
| Cyprus Mail | It's a major national newspaper that reports explicit rent figures tied to defined time windows and datasets. | We used it to validate the direction and pace of rent changes in Paphos during 2025. We used the change rate as a reality check on our January 2026 estimates. |
| RICS/KPMG Cyprus Property Index | RICS and KPMG are globally recognized institutions, and the index follows a formal valuation methodology. | We used it to triangulate market momentum, including rent trends, yields, and district coverage. We used it to support our 2026 outlook rather than as the sole source for absolute euro rents. |
| Central Bank of Cyprus | It's the central bank, and its indices are official time series used widely in policy and research. | We used it for the wider housing market context that influences rents, such as prices and affordability pressure. We used it to avoid relying only on listing portals for market narrative claims. |
| CYSTAT (Statistical Service of Cyprus) | It's the national statistics agency publishing official tourism counts. | We used it to support demand drivers that matter in Paphos, including tourism strength and seasonality. We used it to justify why Paphos can see faster rent pressure in peak periods. |
| Hermes Airports | Hermes is the airport operator publishing official traffic tables used by the market and media. | We used it to support the connectivity and arrivals driver that directly affects Paphos housing demand. We used it as a hard-data check against generic tourism claims. |
| European Commission | It's an EU institution publishing standardized economic forecasts across member states. | We used it to ground our 2026 outlook in macro conditions like growth and inflation. We used it to keep the rent growth outlook realistic and consistent with the broader economy. |
| Cyprus Draft Budgetary Plan 2026 | It's an official government document that states baseline macro expectations for 2026. | We used it to cross-check the base case for 2026 growth and inflation used in our outlook. We used it to avoid making rent forecasts that contradict official assumptions. |
| IMF Article IV Report | The IMF is an international organization with rigorous country surveillance and transparent reporting. | We used it to frame upside and downside risks that can affect rents in 2026. We used it to keep our outlook section balanced rather than overly optimistic. |
| PwC Cyprus Tax Facts 2025 | PwC is a major global firm, and this is a formal Cyprus tax reference document. | We used it to ground the tax treatment of rental income and common landlord obligations. We used it to avoid relying on informal blog-style tax summaries. |
| Electricity Authority of Cyprus (EAC) | It's the regulated national electricity provider publishing official tariff tables. | We used it to estimate realistic landlord and tenant utility cost expectations in 2026. We used it to keep monthly cost estimates concrete instead of vague. |
| Neapolis University Pafos | It's the official university website providing accurate location and student-related information. | We used it to identify the university's impact on rental demand in nearby neighborhoods. We used it to explain why Chloraka and nearby areas rent faster than average. |
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