A west-east divide can be observed in rents in Austria. The federal capital of Vienna keeps up with the high-priced West with 14.70 euros per square meter.
In Austria there is an urban-rural and west-east divide in rental prices. The Tyrolean state capital Innsbruck is the most expensive with a square meter price of 19.30 euros and the districts of Murtal and Voitsberg in Styria with 7.20 euros the immediate plaster.
This is shown by an evaluation by immowelt.at based on the rental apartments advertised there in the second half of 2021 and in the first half of 2022, the platform reported on Tuesday.
East-West and urban-rural divide in rents in Austria
After Innsbruck, the cities of Salzburg follow as the most expensive districts with 16.90 euros per square meter, as well as Dornbirn and Kitzbühel (each 15.70 euros). In Bregenz and Feldkirch (EUR 15.60 each), the average price per square meter is a good EUR 15. A total of nine of the ten most expensive districts can be found in the eastern federal states of Tyrol, Salzburg and Vorarlberg.
Rental prices in Vienna are at the same level as in western Austria
The federal capital of Vienna keeps up with the high-priced West in that men and women tenants there also have to dig deep into their pockets at EUR 14.70 per square meter. Nevertheless, in Austria – in contrast to many other European countries – the capital is not the most expensive area. Responsible for this is a lot of subsidized housing and a benchmark rent, which prevent an excessive increase in rents.
Eastern districts with cheap rental prices
But there are also many relatively cheap (peripheral) locations in Austria. In around a third (28) of the 78 districts surveyed, the average price per square meter is less than 10 euros. The general rule is: the further east a district is, the cheaper the rent is. In Lower Austria, Burgenland and Styria in particular, overall rents are often cheaper than in other federal states.
The nearest state capitals are Eisenstadt (10.70 euros), St. Pölten (10.80) and Linz (11.70). Then follow Graz (12.10) and Klagenfurt (12.40).