Novi Sad has long been a popular city for renting real estate, primarily due to its large student population, foreign residents, and working people. However, the intensive construction of new apartments in recent years has increased offer, while demand has recently declined. As a result, property owners face challenges in renting out their apartments, while tenants continue to seek affordable options.
Why has this situation occurred, and what solutions can we offer landlords and tenants? Read more in the article.
Renting real estate in Novi Sad – prices
Although Novi Sad is known as a student city, the first quarter of 2025 saw a decline in the number of rented apartments. The main reason for this is high rental prices, which have become unaffordable for students and young professionals. The average rental prices depending on the location are:
City Center: Apartments up to 40 m² can reach up to €500 per month.
Grbavica: Studio apartments start from €350 per month.
Liman: Prices range between €400 and €500.
Telep and Adice: More affordable options, ranging from €280 to €350.
Despite the high number of listed properties, many apartments remain unrented for months as the asking prices are too high compared to tenants' current purchasing power. That is why a drop in rental prices is expected soon.
Changes in demand have been influenced by the current political and social situation. A significant number of students have been absent from Novi Sad for several months, further reducing the number of potential tenants.
Foreigners, who were a dominant target group for renting in previous years, are now present in much smaller numbers. Additionally, many former tenants have decided to purchase real estate during this period, as rental prices have become comparable to mortgage payments.
Tips for property owners
In these market conditions, it is crucial for landlords to be flexible regarding rental prices. We recommend using a free property evaluation with City Expert specialists to set an objective price that allows you to rent out your apartment quickly and efficiently.
Additionally, landlords who are open to long-term leases have an advantage, as they attract reliable tenants looking for stability. Our agents will draft a Rental Agreement between the tenant and the landlord to ensure mutual security.
How to rent an apartment in Novi Sad at a lower price?
Our agents are ready to negotiate rental prices directly with property owners to achieve the best agreement for both parties.
Contact us and find an apartment in Novi Sad that suits your needs—price, location, layout, and furnishings. We are here to support you in finding your future home!
This website uses cookies. If you want to know more about the concept of cookies and how to turn them off, see the Cookie Policy. By continuing to use this website, you consent to our use of these cookies.
