Rental housing in St. Petersburg: the main nuances

2024 Author: James Gerald | [email protected]. Last modified: 2023-12-17 14:00

Every year, thousands of students and people come to St. Petersburg in search of temporary and permanent work. This means that the demand for long-term rental housing in the northern capital is consistently high. The main proof of this is the fact that over the past year the cost of rented housing has increased by an average of 5.4%. According to the website Nididom, you can rent an apartment in St. Petersburg today for an average of 31 thousand rubles.

How profitable to rent a house in St. Petersburg

The rental price of residential real estate depends on many factors.

• One-room apartments prevail in the rental housing market today. In the conditions of the economic crisis, it is they who are in greatest demand among young people. The average price of such housing is 21 thousand rubles.
• In order to settle in a two-room apartment, you need to count on an average of 29 thousand rubles per month. It is noteworthy that in January 2016, an apartment for two rooms in St. Petersburg cost about 27 thousand rubles, that is, the cost of rent increased by 2 thousand over the year. The share of two-room apartments among the proposals is 22%.
• Three-room apartments are the least represented on the St. Petersburg real estate rental market. Which is logical, because the demand for them is small. The number of offers is only 6%. The average monthly cost of such housing is 39 thousand rubles, which is 2 thousand rubles more than in the same period last year.

If we consider housing in St. Petersburg from the point of view of its location, then such areas of the Northern capital as Kalininsky, Vyborgsky, Primorsky and Nevsky are in greatest demand. It is in these parts of the city that the bulk of proposals for renting housing is concentrated. In addition, the chance to find a quality option at a reasonable price is much higher here than in other areas of the Northern capital.

The smallest number of apartments offered for rent is in the Petrogradsky, Vasileostrovsky and Admiralteisky districts. But the prices for renting residential real estate in these parts of the city are an order of magnitude higher than the average level in St. Petersburg. For example, a typical one-room apartment in the Petrogradskiy district can be rented for 31 thousand rubles. While housing similar in area and quality of repair in the Krasnoselsky district of St. Petersburg will cost only 18 thousand rubles.

What to expect from the St. Petersburg real estate market in the future?

The specialists of the site spbrealty.ru assume that the situation on the real estate market in the Northern capital will continue to remain stable. This means that rental rates for apartments will gradually increase, adjusting to the basic level of demand from solvent tenants. At the same time, sharp price hikes are not expected in the near future.

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