The housing rental market in Ukraine showed interesting dynamics in November: prices changed unevenly - in some cities rents increased, in others they decreased. The leader in terms of rental costs unexpectedly became not Kyiv, but Uzhhorod, while the capital gave way to several cities at once.
According to the LUN platform, in November, the most expensive place to rent a one-room apartment is Uzhgorod — an average of 19,700 hryvnias per month. Over the past six months, the price has increased by 5%. Lviv took second place, where renting an “odnushki” costs about 17,700 hryvnias (+6%). Kyiv is only third this time — in the capital, the average rental price has decreased by 6% and is 17 thousand hryvnias.
Ivano-Frankivsk has become significantly more expensive: the average cost of renting a one-room apartment reached 16 thousand hryvnias, which is 17% more than in the spring. In Lutsk, prices remained stable at 15 thousand hryvnias.
The cheapest place to rent housing is in Kharkiv — 4,500 hryvnias per month, despite the fact that the price has increased by 13% in six months. In Zaporizhia, rent costs about 5 thousand, in Mykolaiv — 6 thousand hryvnias. The biggest drop is in Sumy: rent has decreased by 28% and is on average 6,500 hryvnias.
Two-room apartments are traditionally more expensive. Uzhhorod is again in the lead — 25,300 hryvnias per month (+10%). Next are Kyiv — 23 thousand (–15%) and Lviv — 21 thousand (+5%). In Ivano-Frankivsk, the rent for a two-room apartment is 17,700 hryvnias (+9%), in Chernivtsi — 14,800 (unchanged), in Dnipro and Cherkasy — 14 thousand each. In Vinnytsia, the price rose to 14 thousand hryvnias (+17%).
The cheapest “two-room apartments” in Zaporizhia are 6,500 hryvnias (–4%), in Kharkiv – 7,000 (+17%), in Mykolaiv – 7,500 hryvnias (stable), and in Sumy the price fell to 8,000 hryvnias (–33%).
According to experts, in November the rental market in Ukraine entered a calm phase. Tenant activity decreased by 20–30% compared to September and October. This is due not only to seasonality, but also to the outflow of young people abroad.
Landlords are not in a hurry to significantly reduce prices yet, but have become more inclined to bargain. The time to find a tenant has increased: if earlier an apartment could be rented out in a week, now the process takes several weeks.
Power outages have also begun to affect prices. Apartments on the upper floors without independent power supply are becoming less attractive. Their value can decrease by 20–30%, experts say. At the same time, housing with generators, independent heating or gas, on the contrary, is in high demand.
Analysts predict that there will be no significant increase in rental costs until the end of 2025. Fluctuations within 5% are possible, but without sharp jumps. In the event of an escalation of hostilities in the eastern regions, prices may increase due to increased demand from displaced people.
Regular power outages can, on the contrary, reduce the cost of certain types of housing — primarily apartments on high floors or in buildings without generators.
So, the rental market in Ukraine is currently in a state of stabilization. The most expensive housing is in the western regions, while rent remains more affordable in the east and south.
