Expensive place to live

Rents increased throughout Austria in 2024

(Bild: APA/Ester - stock.adobe.com)

In 2024, rents in this country have also risen considerably. Carinthia, Tyrol and Vienna are particularly affected.

According to an analysis by the real estate platform willhaben.at, which compared 200,000 advertisements for rental apartments, average asking prices per square meter increased in almost all regions surveyed last year. The highest price increases were recorded in the districts of Klagenfurt-Land, Vienna-Alsergrund and Eisenstadt-Umgebung, among others.

In Klagenfurt-Land, the asking price for rental properties on the real estate platform rose by 19.1 percent to an average of EUR 16.2 per square meter. In Vienna-Alsergrund, the price per square meter rose by 18.6 percent to 19.3 euros, in Eisenstadt-Umgebung (11.85 euros) and Oberpullendorf (9.28 euros) it was up 17.5 percent and in Vienna-Ottakring (16.81 euros) it was up 16.2 percent, according to the "willhaben rental price index".

Falling prices only in Bludenz and Burgenland
Meanwhile, only a few districts recorded falling asking prices per square meter. For example, a square meter for rent in Bludenz in Vorarlberg cost an average of EUR 15.98 last year, 1.2 percent less than in 2023. Prices also fell in Jennersdorf (down 1.1 percent to EUR 8.3 per square meter) and Güssing (down 0.7 percent to EUR 7.8 per square meter) in Burgenland. In 2024, Güssing and Jennersdorf were also the districts with the cheapest rents in Austria.

In 2024, rental apartments were also most expensive in Vienna's Innere Stadt district, where the average price per square meter was EUR 23.1 (up 5.8 percent). This was followed by the Tyrolean districts of Innsbruck (EUR 23 per square meter) and Kitzbühel (EUR 21.1 per square meter) and Salzburg City (EUR 20.5 per square meter).