Renting Property in Istanbul: Trends, Neighbourhoods, and Tips for 2025

he rental market in Turkey is experiencing rapid development, and Istanbul is at its core. Prices continue to rise, especially in major cities and coastal areas, and as of today, rental costs in the city are significantly higher than the national average.

What’s happening with the prices?

Amid inflation, high demand for housing, and limited supply, rental rates in Istanbul have increased noticeably. On average, renting an apartment now costs significantly more than the minimum income. Over the past year alone, prices have grown by more than half, which is especially burdensome for tenants.

Which areas are expensive, and where affordable housing can still be found?

The most “premium” areas remain those along the Bosphorus and in the city center — Sariyer, Besiktas, and Kadikoy. Rental prices there can reach levels comparable to European capitals. These locations are popular thanks to their views, infrastructure, prestige, and ease of transportation.

As for more affordable alternatives, they are still mostly found on the outskirts. Esenyurt, Arnavutkoy, and Sultangazi are districts where supply is growing more actively, with new residential complexes appearing — and rental prices still remain relatively moderate.

What should tenants and investors keep in mind?

Tenants should clearly define their priorities: price, location, transportation, or comfort. Those not tied to the city center can find more cost-effective options without sacrificing quality.

Investors should look toward districts with stable demand and growth potential. Properties in prestigious areas are rented quickly and generate steady income, but they require substantial investment. Promising opportunities also exist in areas where infrastructure is actively developing.

And what about the rest of Turkey?

Across the country, the average rent has also increased — especially in cities with high tourist influx and internal migration. The regional differences are significant: in some eastern and central provinces, rental housing can be up to three times cheaper than in Istanbul. This creates an interesting map for those seeking budget-friendly options or considering less obvious locations for living and investment.