A recent analysis by Landbank Analytics reveals that the rental market for both apartments and houses in Cyprus experienced significant growth at the start of 2025, with Limassol standing out for having both the highest number of available properties and the most expensive rents in the country.

According to the data, there were 3,257 apartments and 1,227 houses available for rent across Cyprus in January. The average monthly rent for apartments nationwide was €1,803, while houses commanded an average of €3,249 per month.

"At present, there is a total of 3,257 apartments and 1,227 houses to let across Cyprus,” noted Landbank Group CEO Andreas Christoforides. “The average rent is strongly influenced by the notably higher prices in Limassol, which drive up nationwide figures.”

The data suggest that Limassol remains the most competitive and expensive city for both apartments and houses, whereas Nicosia and Famagusta offer the most affordable rental options. Landbank Analytics advises prospective tenants and investors to continue monitoring trends closely, as supply and demand—particularly in the high-end markets—can significantly influence average rental costs.

Nicosia

• Apartments Available: 917 (28% of the total supply)

• Average Monthly Rent (Apartments): €1,017

• Price Range by Bedroom:

  • 1-bedroom: €674 (195 available)

  • 2-bedroom: €996 (416 available)

  • 3-bedroom: €1,319 (271 available)

• Houses Available: 190 (15% of total)

• Average Monthly Rent (Houses): €1,900

  • Most common are 3-bedroom houses (86 available) at €1,335 per month, followed by 4-bedroom houses at €2,094 per month.

Limassol

• Apartments Available: 1,473 (45% of the total)

• Average Monthly Rent (Apartments): €2,742

• Price Range by Bedroom:

  • 1-bedroom: €1,599 (221 available)

  • 2-bedroom: €2,460 (701 available)

  • 3-bedroom: €3,225 (444 available)

• Houses Available: 546 (44% of total)

• Average Monthly Rent (Houses): €4,492

  • Most common are 3-bedroom houses (248 available) at €2,773 per month, followed by 4-bedroom houses at €5,000, and 5-bedroom houses at €8,936 per month.

Larnaca

• Apartments Available: 536 (17% of total)

• Average Monthly Rent (Apartments): €1,120

• Price Range by Bedroom:

  • 1-bedroom: €814 (84 available)

  • 2-bedroom: €1,114 (354 available)

  • 3-bedroom: €1,484 (84 available)

• Houses Available: 219 (18% of total)

• Average Monthly Rent (Houses): €2,340

  • Most common are 3-bedroom houses (97 available) at €1,977 per month, followed by 4-bedroom houses at €2,393 per month.

Paphos

• Apartments Available: 289 (9% of total)

• Average Monthly Rent (Apartments): €1,193

  • 1-bedroom: €847

  • 2-bedroom: €1,228 (154 available)

  • 3-bedroom: €1,636

• Houses Available: 204

• Average Monthly Rent (Houses): €2,692 (the second-highest after Limassol)

  • 3-bedroom houses dominate (96 available) at €2,269 per month, followed by 4-bedroom houses at €3,131.

Famagusta (Free Area)

• Apartments Available: 42

• Average Monthly Rent (Apartments): €745

  • 1-bedroom: €630

  • 2-bedroom: €745 (30 available)

  • 3-bedroom: €980

• Houses Available: 68

• Average Monthly Rent (Houses): €1,624

  • Most are 3-bedroom houses (42 available), followed by 2-bedroom (15 available), and fewer 4- and 5-bedroom properties.