This complete guide covers everything you need to know about renting in Budapest as an expat in 2025, from current market conditions and pricing to legal procedures and insider tips from local experts. In this article we will cover the following:
- 2025 Market Overview & Rental Prices
- Best Districts for Expats: Buda vs Pest
- Legal Procedures & Documentation
- Property Handover & Moving In
- 2025 Market Trends Expats Should Know
- Frequently Asked Questions
Let's get started!
Current Market Conditions
Budapest's rental market has experienced significant transformation in 2025. Home to nearly 1.8 million residents, the Hungarian capital sits at the heart of Europe and continues to be one of the continent's fastest-growing economies, making it increasingly attractive for international professionals and students.
Key Market Drivers
Economic Growth: Hungary's strategic location and EU membership continue attracting multinational companies
International Student Influx: Universities like Semmelweis Medical University, Corvinus University, and IBS attract thousands of international students annually
Airbnb Regulation Changes: New restrictions on short-term rentals are increasing long-term rental supply, that in some areas (for example, District 6) may help decrease rental fees.
Corporate Relocations: Growing number of international companies establishing Budapest offices
Current Average Monthly Rents (2025)
1-Bedroom Apartments:
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City Center (Districts 5, 6, 7, 1): €800-1500
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Popular Residential Areas: €700-1100
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Outer Districts: €600-850
2-Bedroom Apartments:
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Premium Central Locations: €1,500-3,000
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Good Central Areas: €1100-1,500
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Suburban Buda: €800-1,200
3-Bedroom Properties:
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Central Budapest: €2,000-3,500
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Family Areas in Buda: €2,300-5,000
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Suburban Houses: €2,000-5,000
⚠️ Important: All rental prices listed are typically exclusive of utilities, which add €150-400 monthly depending on apartment size and usage.
Understanding Additional Costs
Monthly Utilities & Fees:
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Common Costs ('közös költség'): €50-150/month - covers building maintenance, cleaning of the common areas, elevator use, garbage disposal
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Utilities (heating, electricity, water): €100-400/month depending on size and usage
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Internet: €10-25/month for high-speed connections
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No VAT on residential rental fees (unlike Hungary's 27% standard rate for other services)
The Danube River divides Budapest into two distinct sides: Buda (historic, hilly, family-friendly) on the west, and Pest (flat, energetic, business-focused) on the east. Your choice depends on lifestyle preferences, work location, and family situation.
BUDA - The Historic & Family-Friendly Choice
Best for: Families with children, nature lovers, those preferring quieter residential living
PEST SIDE - The Dynamic Business & Cultural Hub
Best for: Young professionals, students, nightlife enthusiasts, those wanting walkable city living
Read more about district 5 in our Detailed District 5. Guide.
To dive deeper into the districts read our Complete Guide on Budapest's Districts.
Property Search Strategy
Before You Start:
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Define Your Budget: Remember advertised prices exclude utilities (add €150-400/month)
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Choose 1-2 Target Districts: Focus your search for efficiency
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Timeline: Start searching 4-6 weeks before your move date
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Language: Many landlords prefer English-speaking agents for international tenants
Working with Real Estate Agents
✅ Good News: Agent fees are paid by landlords in Hungary, so their services are FREE for tenants!
What Agents Provide:
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Neighborhood expertise and market knowledge
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Pre-screened properties matching your criteria
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Translation services for contracts and documents
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Negotiation with landlords
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Knowledge of pet-friendly and expat-friendly properties
⚠️ Critical Warning: NEVER pay money or make bank transfers before signing a written contract. Common scam tactics include "time pressure" and demands for immediate deposits.
Required Documentation
For Rental Applications:
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Valid passport or EU ID
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Proof of employment/income (employment contract, salary statements)
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Previous rental references (if available)
Lease Agreement Essentials
Standard Terms:
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Duration: Usually 1-2 years (flexible terms sometimes possible, but minimum 10-12 months of leases are preferred by landlords)
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Deposit: 2-3 months' rent (3 months may be required especially in case of bringing pets)
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Advance Payment: 1 month's rent paid in advance
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Currency: Can be in HUF or EUR (specify in contract)
Contract Must Include:
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Personal Details: Full names, birth dates, addresses, ID numbers, bank details
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Property Details: Complete address, property registration number
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Financial Terms: Rent amount, payment due date, deposit terms
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Responsibilities: Maintenance obligations, repair responsibilities
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Special Agreements: Pet policy, subletting rules, renovation permissions
⚠️ Important: Request proof of landlord's ownership. If multiple owners exist, ensure all have authorized the rental.
Payment Methods
Bank Transfer (Preferred): Most convenient for both parties Cash Payments: If paying cash, always request a signed "Acknowledgment of Payment" receipt
Pro Tip: Set up automatic transfers to avoid late payments and maintain good landlord relationships.
The Handover Process
Inventory Documentation:
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Complete checklist of all furniture and appliances
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Photo documentation of property condition
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Note all existing wear and tear to protect your deposit
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Record utility meter readings (gas, electricity, water)
What to Check:
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All appliances function properly
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Internet connectivity and speed
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Water pressure and heating system
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Window and door locks
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Any existing damage or maintenance issues
Setting Up Utilities & Services
Essential Services:
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Electricity: Usually contract transfer, not new connection
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Gas: For heating and cooking
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Water: Often included in common costs
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Internet: Multiple providers available (Telekom, Vodafone, DIGI)
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Waste Collection: Included in common costs
Average Setup Time: 1-2 weeks for most services
Useful Hungarian Phrases for Landlords
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"Bérleti szerződés" = Rental contract
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"Kaució" = Deposit
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"Közös költség" = Common costs
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"Rezsi" = Utilities
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"Tulajdonos" = Owner/Landlord
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"Bérlő" = Tenant
Airbnb Regulation Impact
Major Changes in 2025:
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Two-year moratorium on new Airbnb licenses in Budapest
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District 6 ban: Complete short-term rental prohibition starting 2026
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Increased supply: More properties moving from Airbnb to long-term rentals
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Pricing Impact: Stabilizing rents in previously Airbnb-heavy areas
Government Housing Initiatives
New Renter-Friendly Policies:
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SZÉP Card Usage: Option to use meal vouchers for rent payments
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Employer Housing Benefits: Companies can provide housing subsidies with tax advantages
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Rent Control Discussions: Potential caps on rental increases
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Youth Housing Programs: Special support for under-35 renters
Market Predictions for 2025
Expected Trends:
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9.2% average rental price growth year-over-year
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Increased demand from international students and professionals
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Supply constraints due to limited new construction
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15,000+ new residential projects launched in 2024 continuing into 2025
Technology Integration
Digital Trends:
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QR code utility payments becoming standard
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Digital lease agreements and document signing
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Online property management platforms
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Virtual viewing options for international relocations
Q: How much should I budget monthly for a 1-bedroom apartment in central Budapest?
A: Budget €800-1,200 total monthly (€600-900 rent + €150-300 utilities + €50-100 common costs). Premium locations can reach €1,400+.
Q: Do I need to speak Hungarian to rent an apartment?
A: Not necessarily. Many landlords in expat-popular districts speak English, and real estate agents often provide translation services. However, learning basic Hungarian phrases helps with daily interactions.
Q: Can I negotiate rental prices?
A: Yes, especially for longer lease terms (2+ years) or if you're willing to handle minor maintenance. The market is becoming more competitive for landlords due to increased supply from Airbnb regulations.
Q: What's the best district for families with children?
A: Districts 2, 3, and 11 in Buda offer the best combination of international schools, green spaces, and family amenities. District 13 in Pest is also family-friendly with Margaret Island access.
Q: How far in advance should I start looking for an apartment?
A: Start 4-6 weeks before your desired move-in date. Peak season (August-September) requires more advance planning due to student influx.
Q: Are pets allowed in rental properties?
A: Pet policies vary by landlord. Many accept pets with additional deposit (€200-500). Always confirm pet policy before viewing properties.
Q: What if I need to terminate my lease early?
A: Most contracts include early termination clauses requiring 1-3 months' notice. Some landlords charge early termination fees. Always negotiate this before signing.
Q: Is rental insurance necessary?
A: While not mandatory, rental insurance is highly recommended and costs only €10-20 monthly. It covers personal belongings and potential damage claims.
Your Next Steps
Ready to Find Your Budapest Home?
Our Expat-Specialist Services:
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Personalized district recommendations based on your lifestyle and work location
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Pre-screened property selections matching your criteria and budget
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Complete contract review and translation services
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Assistance with utility setup and local registration
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Ongoing support throughout your tenancy
Why Choose Local Experts:
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We've helped 500+ international residents find their perfect Budapest homes
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Deep knowledge of expat-friendly landlords and properties
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Understanding of unique challenges faced by international relocations
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Comprehensive support from search to settling in
Contact Us: Ready to start your Budapest housing journey? Our team understands the unique needs of international professionals, families, and students. We'll guide you through every step, from initial district selection to signing your lease and settling into your new home.
Get in touch today for personalized recommendations and current property availability in your preferred districts.
Last Updated: May 2025 | This guide is regularly updated to reflect current market conditions and regulatory changes.
Disclaimer: Rental prices and market conditions can change rapidly. Always verify current pricing and availability with local agents and landlords. Legal requirements may vary based on your specific situation and nationality.
