Istanbul Average Rental Prices

Housing rents in Istanbul have increased rapidly in recent years due to economic fluctuations, high inflation and increasing housing demand. In this article, which provides important data for both tenants and investors, we will focus on current rental prices in Istanbul and the most expensive and cheapest districts.

What is the Average Rent in Istanbul?

Housing rents in Istanbul have risen rapidly in recent years. According to data from the Istanbul Planning Agency (IPA), the average monthly housing rent in the megacity reached approximately 25,000 TL by the end of 2024. According to current analyses by real estate data platform Endeksa, the average rental price in Istanbul is around 27,000 TL as of February 2025, with the rent per square meter reaching 270 TL. These figures show that the average rent in Istanbul is well above the minimum wage. Due to high inflation and housing demand in particular , rents in Istanbul have increased by more than 50% compared to the previous year.

Which are the Most Expensive and Cheapest Neighborhoods in Istanbul?

Rental prices vary significantly between districts within Istanbul. The Bosphorus and some central districts, where luxury housing and central locations are located, have the highest average rents, while developing areas on the outskirts of the city offer more affordable prices. According to Indexa’s February 2025 data, Sarıyer is the most expensive district in Istanbul – with an average monthly rent of around 64,266 TL . It is followed by districts such as Beşiktaş (~59,283 TL) and Kadıköy (~52,745 TL) on the Anatolian side . These districts have high rental demands due to their central locations, luxury housing stock with Bosphorus views and social facilities.

On the other hand, the most affordable districts are located in the outer parts of the city. Esenyurt has one of the lowest average rents in Istanbul, with an average of 16,714 TL . Similarly, in districts such as Arnavutköy (~16,948 TL) , Esenler (~17,400 TL) and Sultangazi (~18,185 TL), the average rents are below 20,000 TL. Although these areas are far from the city center, they have developed in recent years, have a wider housing supply and offer relatively affordable options.

Average rent by district in Istanbul: the most expensive and cheapest districts. While rents are very high in central districts such as Sarıyer, Beşiktaş and Kadıköy, they are lower in developing areas such as Esenyurt and Arnavutköy.

Advice for Tenants and Investors

Tenants: Those planning to rent a house in Istanbul should research areas that fit their budget. In addition to the high rental costs in central districts, developing districts such as Esenyurt, Arnavutköy and Sultangazi offer economical options.

Investors: Areas such as Sarıyer, Beşiktaş and Kadıköy, which offer high rental income potential, are considered attractive for long-term investment plans. However, before investing, the infrastructure, transportation facilities and future development projects in the region should definitely be taken into consideration.

What is the Average Rental Price in Turkey?

Rental prices are also rising across Turkey due to the increase in major cities, especially Istanbul. According to Istanbul Planning Agency data, the average rental price in 81 provinces across the country was determined to be around 15 thousand TL by the end of 2024. Current data from Endeksa shows that the average housing rent across Turkey reached ~18-19 thousand TL by the end of 2024. For example, as of September 2024, the average monthly rent across Turkey for a 110 square meter house was calculated as 18,640 TL . This value means an increase of approximately 47% compared to the previous year and reveals that the Turkish average is also above the minimum wage.

There are striking regional differences in the rental market across Turkey . While large cities and coastal areas have above-average rents, rents are lower in smaller Anatolian provinces. However, due to high inflation in the last two years, rents have reached around 10,000 TL even in the cheapest provinces.

In Which Cities Are the Most Expensive and Cheapest Rents in Türkiye?

The cities with the highest rental prices are generally regions with high quality of life, economic activity and external demand. According to Endeksa data, the cities with the most expensive average rental rates in Turkey are Muğla and Istanbul . Bodrum, especially the favorite of Muğla, is at the top of the list with an average monthly rent of ~25,500 TL . Long-term Bodrum rental villa prices are well above these prices. Istanbul is second with an average rent of approximately 23,373 TL . These two cities are followed by cities such as Antalya, Izmir and Çanakkale . The table below lists some of the cities with the highest and lowest average rents in Turkey:

The provinces with the lowest rents in Turkey are generally located in the Eastern and Central Anatolia regions. For example , Muş has the lowest average rent in the country with an average of 7,670 TL . Similarly, in provinces such as Kilis, Kütahya, Burdur and Hakkari , average rents are between 9-10 thousand TL. These amounts are less than a third of the averages in provinces such as Istanbul or Muğla. Therefore, the most suitable cities for tenants are these provinces with smaller populations and relatively limited demand; while the highest rental income potential for investors is seen in provinces such as Muğla, Istanbul and Antalya , where housing demand is the most intense and rent levels are the highest .