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Turkey's Sharp rental price jump: how a 367% rise changed the market

2025-12-09 16:45 Turkiye
According to a new nationwide report from leading property management platform Apsiyon, Turkey is experiencing unprecedented rent increases for apartments and other residential properties. Over the past three years, from January 2022 to 2025, average monthly rents have increased by a staggering 367%. This alarming trend is highlighted in the 2025 report, "Housing and Management Fees in Collective Living Spaces."

The study, which covers over 22,000 buildings and over 1.5 million residential units nationwide, reveals a growing financial burden on residents. This problem is particularly acute in major metropolitan areas and popular coastal provinces. There, the combined impact of rising operating costs, high inflation, and soaring energy prices is leading to significant increases in monthly housing payments, leaving many facing serious financial challenges. According to the latest data, Muğla Province has the highest average monthly rent in Turkey, reaching 8,710 Turkish Lira (approximately US$204.58) in 2025. This places it first among all provinces. Muğla is followed by major metropolitan areas: Istanbul with 6,629 Turkish Lira, the capital Ankara with 5,049 Turkish Lira, and Izmir with 4,919 Turkish Lira. These figures reflect the significant differences in the cost of living and housing affordability across the country.

In contrast to these high figures, at the other end of the spectrum are provinces such as Uşak, where the average rent is only 1,061 Turkish Lira. They are also joined by Hatay (1,246 Turkish Lira), Ordu (1,287 Turkish Lira), Aksaray (1,306 Turkish Lira), and Mersin (1,455 Turkish Lira), all displaying significantly lower rental costs. Such a significant price difference highlights the deep economic disparities that exist in Turkey.

Furthermore, the report's analysis highlights that in upscale Istanbul neighborhoods such as Beşiktaş, Sarıyer, and Şişli, monthly rents can exceed 10,000 Turkish Lira. According to Apsiyon experts, such high rents create a significant financial burden for middle-income families, limiting their options and reducing their quality of life.

Apsiyon CEO Kudret Turk emphasized that the difference in rental costs between cities like Muğla and Uşak, where rents differ by nearly sevenfold, is a clear indication of the growing economic inequality in the country. He noted that such statistics serve as an important indicator for understanding and addressing emerging socioeconomic issues.
Rising rents in Turkey are increasingly putting pressure on households, exacerbating an already challenging situation with rising living costs. Experts note that many families living in large cities are forced to reassess their housing conditions due to unaffordable rent. This trend could lead to increased internal migration as people seek more affordable housing options. It is telling that in the first half of 2025 alone, more than 117,000 households changed their residence within Istanbul, with housing issues being the primary reason for these moves, demonstrating citizens' desire to find more affordable solutions.

Apsiyon Academy Director Ozan Ozen attributes the rising rents to a combination of factors. These include increased labor costs, cleaning and maintenance expenses directly related to inflation, as well as exchange rate volatility. Ozen emphasized that these factors significantly increased operating costs, especially in buildings with swimming pools and other common amenities. Compliance with professional property management standards and occupational health and safety regulations also contributed to the increase in overall costs for residents.

To stabilize the situation and curb further housing price increases, Apsiyon proposes a number of measures. These include more transparent and realistic budgeting by property managers, avoiding unnecessary costly improvements, and implementing energy efficiency projects. Additionally, the report emphasizes the importance of more active involvement of landlords in decision-making processes, particularly through participation in community meetings.