Average prices of apartments in Niš, Serbia

The real estate market in Niš continues to grow in 2025, with newly built apartments remaining the most sought-after. As prices for new construction rise, older buildings become slightly more affordable.

Demand for new construction drives price growth 

In the previous year, the average price of new apartments in the center of Niš was around 2,200 euros per square meter, including VAT, while in Pantelej it was up to 1,700 euros, and in Palilula up to 1,870 euros, including VAT.

In 2025, prices have increased by an additional 100 to 200 euros per square meter, depending on the apartment size. This price increase indicates constant demand but also rising construction costs, which directly affect the final price of real estate.

Older building: Currently more affordable apartments

Older buildings follow the trend of new development projects, and in 2024, prices for these two market segments became equal. This resulted in a decrease in demand for older buildings, leading to price stagnation in 2025. As a result, older buildings have become a more affordable option for solving housing issues in Niš, except for renovation costs that depend on the condition of the particular apartment. An apartment in an older building in the central location can be purchased for a similar price as a new apartment located further from the center. Check out the current offer if you plan to buy property in Niš.

Rentals in Niš are more expensive in 2025

Apartment rentals in Niš are also more expensive in the new year. The rent for a one-bedroom apartment in the center, Medijana, and Pantelej is around 350 euros per month, while in other parts of the city, it is around 300 euros. Two-bedroom apartments are rented for an average of 500 euros in central locations, while in other parts of Niš, the rent is around 400 euros.

New and luxury residential buildings with additional amenities such as gyms, spa centers, and reception areas have appeared in Niš. Attempts to rent out studio apartments in such complexes for a price close to 500 euros per month have not been well received by Niš residents. This gradually shapes the perception of the city rental situation: what is the real amount of money that renters will be willing to pay for a property on a monthly basis? We see that the real estate sales and rental market in Niš is growing just like in other Serbian cities, but there are still more affordable options.

If you want to buy or rent an apartment in Niš, check out the largest offer of real estate in both new and older buildings all in one place. Experienced City Expert agents will provide you with all legal support, with no commission and hidden costs!