Amsterdam rental prices are Europe's most expensive; Rotterdam & The Hague in the top 5
Apartments in Amsterdam were the most expensive in Europe in the last three months of 2024, according to the latest quarterly analysis from HousingAnywhere. While prices in the capital showed a slight decline at the end of the year in comparison to 2023, prices in Rotterdam and The Hague surged, placing them among Europe's priciest cities for new residents.
The housing platform based its conclusions on tens of thousands of apartment listings in more than two dozen European cities. Most of these are furnished spaces, ranging from single rooms up to three bedroom homes.
Amsterdam apartments were priced at an average of about 2,100 euros per month, making the Dutch capital the costliest of the 28 cities analyzed. This was despite the fact that the average rent fell by 1.6 percent year to year.
Single rooms in Amsterdam were also being rented out for an average of about a thousand euros, again topping the European ranking.
Across the European cities studied, apartment prices rose by about 3.1 percent in a year. Monthly rents in Rome were relatively flat at 2,000 euros, making the Italian city second most expensive in Europe.
But coming in at a close third was The Hague, where rental prices jumped by 13 percent, the company's report showed. That brought rent up to 1,973 euros in the city.
Prices also soared 22 percent in Rotterdam, pushing rent there up to 1,950 euros. That put the city at fourth most expensive in the platform's study.
The Netherlands is over-represented on the Dutch platform's index. Helsinki is the only Nordic city analyzed, there are no Swiss cities among the 28 listed, and the ranking does not focus on any Eastern European locations.
The most shocking single-year increase was observed in Stuttgart, where rental prices rose by 26 percent. The German city's average rental price of 1,890 euros put it in fifth place, above Paris at 1,850 euros, and Milan at 1,800 euros. The two cities ranked sixth and seventh, respectively.
Utrecht came in next at 1,793 euros. That reflects a relatively average annual increase of 3 percent.
"Although rents rose less sharply at the end of 2024, affordability and the limited housing supply remain issues that hinder the growth of families, students and young professionals," said HousingAnywhere's Djordy Seelmann about the Dutch market. "We are curious about the results of the recent government plans to build 100,000 homes per year.”
The cheapest available residents were single student rooms in Budapest, which cost 350 euros, and in Athens, which were rented for 400 euros. The ranking does not include any other Eastern or Southeastern European locations, and the Baltics are also not represented.
