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Renting For Members

Which parts of Austria have the most expensive rent prices?

Aaron Burnett
Aaron Burnett - [email protected]
Which parts of Austria have the most expensive rent prices?
Renting in the Austrian Alps - even in the countryside - will set you back more than many rents in Vienna will. Photo: Pixabay

Austrian rents have risen in the last year, ahead of the government’s nationwide rent brake, which will take effect in 2024. But the places where rents have gone up the most still aren’t necessarily the most expensive overall.

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Average rent prices in Austria were up six percent in the third quarter of 2023 compared to the same time period last year.

However, some prices went up a lot more, with a spike of 19 percent recorded in Braunau am Inn near Salzburg. Villach, Lienz, Lilienfeld and Waidhofen an der Thaya – all saw increases of over 15 percent.

But where can you still expect to shell out the most, according to the Wohnungsboerse annual rent report?

The answers are perhaps not that surprising to people who know Austria well.

The most expensive rental contracts in the country are to be found in Vienna and Innsbruck, with accommodation right in Vienna central costing an average of €24.6 per square metre, while a place in the city of Innsbruck comes in at €21.2 per square metre.

Flats outside of the most central part of Vienna though, fare somewhat better – with average rent in Vienna’s Leopoldstadt, not far from city centre – coming in at €17.9 per square metre, the foreigner-dense Margareten at €15 per square metre and Mödling at €14.5.

READ ALSO: Austria to introduce nationwide rent brake

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The Alps – still pricey

Outside Vienna’s most central district though, the big money flats are found in the Alps – perhaps not surprisingly. Innsbruck, Kufstein, and Salzburg all have rental contracts that are more expensive – on average – than most districts in the capital.

Flats in the alpine resort area of Kitzbühel are going for €19.8 per square metre – only slightly higher than the average rate of €19.4 for the city of Salzburg.

Bregenz and the surrounding area goes for around €17.7 per square metre, while the outskirts of Innsbruck and Salzburg, as well as Kufstein, offer a somewhat cheaper alternative than the two major city centres – at €16.7, €16.8, and €16.6 per square metre respectively. However, even these rates are some of the most expensive in the country.

READ ALSO: Why the Austrian city of Innsbruck is searching for more residents

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Moderate prices in Austria’s other major cities

Outside of the capital and the Alps, average rent in some of Austria’s other big cities remains relatively affordable by comparison.

Average rent in Villach has seen one of the highest increases in Austria since last year, currently coming in at €14.4 per square metre.

The old town of Graz at sunset

The old town of Graz at sunset. Graz is one of the most affordable major cities in Austria to rent in. (Photo by Imran Hečimović on Unsplash)

Klagenfurt, Linz, and Graz all remain more affordable by comparison – at €13.4, €13.2, and €12.8 per square metre respectively. At €11.8 and €11.4 per square metre, St. Pölten and Eisenstadt remain Austria’s most affordable major centres on average.

Renting in Austria: When can my landlord increase the rent and by how much?

Austria’s most affordable rent prices

There are still parts of Austria where you can find average rents of below €10 per square metre – particularly in the countryside not far away from large cities. The big exception to that rule is the alpine states of Salzburg, Tyrol, and Vorarlberg. The cheapest district anywhere in those three states is Lienz with an average rent of €12.3 per square metre. It was, however, one of the Austrian districts with the highest increase in rent last year.

Elsewhere in the country through, Sankt Veit an der Glan just north of Klagenfurt has an average rent of just €9 per square metre – as does Rohrbach just northwest of Linz. Finally, Voitsberg – only slightly west of Graz – boasts average rent of €9.6 per square metre.

You’ll find the cheapest rent in Austria in the districts of Güssing and Oberpullendorf, at €7.3 and €7.5 per square metre respectively. Both are located in Burgenland on the Austria-Hungarian border, and are the only two districts in Austria with average rent less than €8 per square metre.

KEY POINTS: How Austria’s new cost of living measures will affect you

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