Finding affordable apartment in Hungary to be almost impossible from September

There has been a gradual increase in rental prices across Hungary. This is only expected to increase during the high season, the real estate agency Duna House said in a statement. Thus, finding affordable rentals will not be easy: especially for university students from September.

In the current rental market, in addition to exceptionally high demand, tight supply and rising rents are making it even more difficult than usual for students to find a place to rent, Duna House (DH) said in its statement.

Budapest students should prepare for the most expensive rents

Students in the capital should prepare for the highest costs. The average rent is expected to rise to over HUF 200,000 (EUR 519) in Budapest. However, even in popular rural university towns, in many cases, the only way to reduce costs is to move several students together. Those who do not want a flatmate but would like to rent an independent apartment should be prepared for a minimum rent of HUF 130-150,000 (EUR 337.77-389.73) plus utility bills, based on the current offer in the capital, DH said.