Have rents in Cyprus stopped rising? The ministry sees stabilization, with tenants still paying high rents.

Rents in Cyprus remain high, but the Ministry of Interior sees signs of stabilization. According to a comparison presented by the ministry, indicative rents in the analyzed locations remained unchanged between September 2025 and September 2026. The ministry sees this as an opportunity for future reductions.

This doesn't mean, however, that rent has already fallen. In the above comparison, a two-bedroom apartment in Limassol costs an estimated €1,500 per month, while a three-bedroom house in Germasogei costs €2,300. The lack of a further increase still leaves tenants with high bills.

Rents in Cyprus: What Does the Data Actually Show?

Philenews presented a comparison of ministerial rates for selected locations and two specific property categories:

• two-bedroom apartments with an area of approximately 80 m²;
• three-bedroom houses with an area of approximately 150 m².

This approximate amounts from the statement, and not current listings of available properties or averages for entire districts. Therefore, you should not assume that you can immediately find a suitable property at the indicated price.

The number of bedrooms is also important. A two-bedroom apartment usually has an additional living room, so it's not comparable to a Polish two-room apartment.

Limassol is still the most expensive in comparison

The highest prices were found in the parts of Limassol we analyzed. Two-bedroom apartments cost between €1,450 and €1,500 per month. Three-bedroom homes were priced between €2,250 and €2,300.

Much lower rates are found in Paphos and surrounding towns. In Paphos itself, a two-bedroom apartment is valued at €650 per month, while a three-bedroom house is valued at €1,100 per month.

What is the approximate rent?

Selected locations, September 2026. Monthly amounts in euros.

Location	Apartment 2 bedrooms 80 m²	House 3 bedrooms 150 m²
Nicosia District
Nicosia	850 €	1300 €
Strovolos	825 €	1300 €
Agios Dometios	725 €	1200 €
Aglantzia	800 €	1350 €
Lacatamia	700 €	1125 €
Limassol District
Limassol	1500 €	2250 €
Agios Athanasios	1450 €	2250 €
Germasogeia	1500 €	2300 €
Agios Tychonas	1500 €	2300 €
Larnaca District
Larnaca	900 €	1375 €
Aradippou	725 €	1075 €
Paphos District - Selected Locations
Paphos	650 €	1100 €
Geroskipou	600 €	950 €
horse	700 €	1400 €

These are approximate rates quoted by Philenews based on a comparison by the Ministry of Interior. The amounts listed are identical for September 2025 and September 2026. The list does not confirm the availability of units at these prices.

Previous increases have not disappeared

Stabilization between 2025 and 2026 does not mean a return to previous prices. This is particularly evident in Nicosia and Larnaca, where the table shows price increases between 2024 and 2025.

In Aglantzia, the indicative rent for a three-bedroom house increased from €1,050 to €1,350 per month, an increase of 28.6 percent. In Larnaca, the corresponding amount increased from €1,100 to €1,375, a 25 percent increase.

Prices for two-bedroom apartments have also increased. In Larnaca, the rate increased from €800 to €900, and in Aradippou, from €675 to €725.

For the tenant, maintaining these amounts for another year means stopping the increases, but not reducing the monthly expense.

The Ministry is counting on a greater supply of apartments

The ministry attributes the observed stabilization to government actions aimed at increasing the housing stock. It argues that construction incentives and housing programs take time because new units are entering the market gradually.

This is the ministry's assessment, not proof that the programs themselves have stopped rent increases. Comparing indicative rates does not allow for the independent determination of the impact of each factor on the market.

Marinos Kynigeirou, president of the Real Estate Agents Registration Council, spoke about slowing down price increases back in July. He also emphasized that prices remain high.

Stabilization does not mean a certain reduction

The ministry views the halt in growth as a first step toward improving housing affordability. However, it did not provide a timeline or scale for future reductions.

Those looking for a place shouldn't assume that rents will automatically drop anytime soon. The most important factors are the current offers, contract terms, and the total cost of maintaining the property.

When comparing locations, it's also worth factoring in commute costs. Lower rent outside the city can mean higher fuel costs and more time spent in the car.