After the turbulent period of 2022, when property rental prices rose sharply, the market stabilised in the previous period, but the latest global developments suggest that the situation could change again.
Property experts point out that it is difficult to predict how things will develop further, but they emphasise that everything will depend on how long the conflict in the Middle East lasts, the portal 4zida writes.
According to the portal, if the conflict ends soon, further stabilisation of the market can be expected. However, if the conflict continues or escalates, it would certainly affect rental prices if a new migrant crisis occurs and demand for rental properties increases.
Since the beginning of the war in Ukraine, many people in Belgrade and other cities across Serbia have seen the high rental prices as an opportunity to invest in buying apartments for renting out.
Among other things, this contributed to an increase in the supply of apartments on the rental market, while demand has meanwhile decreased. The increased supply led to stronger competition among landlords, which caused prices to be adjusted downwards.
A studio apartment in the centre can cost up to 1,000 euros
Monthly rent prices depend on the size of the property, its location and the level of furnishing. Properties in new buildings and renovated apartments in older buildings achieve better prices.
Thus, central municipalities such as Stari Grad, Savski Venac and Vračar are significantly more expensive compared to Čukarica, Novi Beograd or Zemun. More affordable apartments can be found on the left bank of the Danube, in Mirijevo, Kumodraž or Rakovica.
In the city centre, small apartments are the most sought after, and on the portal 4zida properties are currently advertised from around 460 euros to more than 1,000 euros.
The cheapest are studio apartments in older buildings on Bulevar Despota Stefana, which can be found for less than 500 euros, while in new buildings there are almost no properties available in Dorćol and the wider city centre for under 700 euros. A studio apartment in Skender Begova Street can be rented for 730 euros per month, while the most expensive fully equipped luxury small apartments in Novi Dorćol cost around 1,000 euros. Besides being close to all city amenities, the complex also has a spa for residents.
In Belgrade Waterfront, there are very few small apartments available, and the rare studio apartments on offer, such as one of 29 square metres on Woodrow Wilson Boulevard, are rented for around 1,050 euros. A luxury furnished studio of 33 square metres in the BW Aurora building, on the seventh floor of a modern new building with three lifts and a reception desk, is also available, and with a garage space the monthly rent costs 900 euros.
The area near Vuk’s Monument is somewhat cheaper, so in Dalmatinska Street a 25-square-metre apartment is rented for 600 euros, in Laze Dokića Street a 35-square-metre apartment costs 500 euros, while the rent for a 20-square-metre studio in Ruzveltova Street is 400 euros.
In Belgrade neighbourhoods outside the city centre, monthly rent starts from a minimum of 200 euros and upwards. In the Braće Jerković neighbourhood, an apartment of 34 square metres in Zaplanjska Street is rented for 320 euros, while in Mirijevo a 25-square-metre apartment in a house costs 350 euros, the same as a 28-square-metre studio in Rudi Čajaveca Street. In Matice Srpske Street, an apartment of 42 square metres in an older building is rented for 300 euros.
A studio apartment on Kanarevo Brdo of only 18 square metres costs 200 euros, while about ten square metres more in the same neighbourhood costs around 300 euros per month.
In Krnjača, a one-room apartment of 27 square metres is rented for 280 euros, and this price also includes a parking space, while 40 square metres can be rented for 350 euros, with parking in the building’s courtyard included.
A studio apartment in Belgrade costs the same as a one-and-a-half-room apartment in Subotica
In terms of other cities in Serbia, rental prices are significantly lower.
For example, for the price of an average studio apartment in Belgrade, a one-and-a-half-room apartment can be rented in Subotica. According to data from 4zida, in this northern city, the monthly rent for studio and one-room apartments costs on average around 180 to 220 euros, while rent for a two-room apartment is around 320 euros.
There is also a significant difference in rental prices in Niš and Kragujevac, as well as in Novi Sad, although prices in that city are increasingly approaching those in Belgrade. A studio apartment in Novi Sad can, on average, be rented for around 290 euros.
However, the difference is greater for two-room and larger apartments, because in Novi Sad a property can, on average, be found for around 470 euros per month, which is about 300 euros less than in the capital. In Niš and Kragujevac, the rental price of two-room apartments is about half that in Belgrade. Monthly rent on average costs between 260 and 550 euros.
(N1, 15.03.2026)