Expensive Rent Rates Paint Moscow as Most Costly City for Residents
In Moscow's thriving luxury rental market, the most expensive Apartment recently rose to an astronomical 6.5 million rubles per month. Comparatively, a year ago, the most expensive property up for rent was priced at just 2 million rubles, indicating a steep increase, as noted by Forbes. According to the Intermark website, this hefty price tag would secure a six-bedroom, multi-level abode of over 700 square meters in an elite residential complex on Prechistenka Embankment.
Research from 2024 revealed a substantial 15% increase in the average cost of an apartment within the top 100 most expensive offers, now amounting to 1.66 million rubles per month. Elena Kulikova, the General Director of "Intermark Rent," stated that demand for the highest-priced rental properties in 2024 was unprecedented, with well-assessed apartments renting in an average of 2.5 to 3 months, compared to nine to twelve months in 2023. Notably, all apartments in the top 100 are now renting for at least 1 million rubles, a first in the market's history, as reported by Forbes.
Recent market trends suggest that Moscow's luxury rental sector is characterized by escalating prices, high demand, and limited supply. According to numerous sources, the average price per square meter for luxury apartments as of April 2025 is approximately 683 thousand rubles, denoting a strong upward trend. The scarcity of high-quality, unique properties, especially in prime locations like the historical center, restricts the supply while demand remains stable.
Experts emphasize that buyers within this segment predominantly use personal funds instead of mortgages, ensuring the market's stability and demand. Despite the Central Bank's warning of an overheated real estate market, rental demand remains robust, although mortgage lending has slowed, which might potentially impact rental market liquidity.
In conclusion, Moscow's luxury apartment rental market showcases a notable uptrend in prices, sustained demand, and a presumed quick turnover of the most expensive listings, illustrating a competitive, high-risk segment that remains active in 2025.
Investing in Moscow's luxury rental market continues to be a lucrative venture, with the average cost of an apartment in the top 100 expensive listings rising by 15% to 1.66 million rubles per month in 2024. Moreover, the housing-market's trend of escalating prices and high demand persists, with experts attributing the stability to finance from personal funds rather than mortgages.
