Azerbaijan announces latest prices for rental apartments in Baku

By Trend

The lowest cost of rental apartments in Azerbaijan’s Baku city was recorded in the Hovsan settlement in August 2021, Director of the Azerbaijani MBA Group consulting company, a real estate expert Nusret Ibrahimov told Trend.

In the Hovsan settlement, the cost of rental apartments in the reporting month amounted to 170 manat ($100) per month, and the highest - in the Sabail district of the capital - 4,500 manat ($2,647) per month, Ibrahimov said.

According to the expert, the average cost of rental apartments in the capital amounted to 775 manat ($455.8), including one-room - 350 manat ($205.8), two-room – 449 manat ($264.1), three-room – 542 manat ($318.8), four-room – 869 manat ($511.2), five-room - 1,156 manat ($680).

The expert noted that the total cost of rental apartments in Baku increased by 0.36 percent in the specified month.

(1 USD = 1.7 manat on Sept. 13)