If you’re planning on moving to Prague, one of the most important things you need to consider is the cost of living. A major part of that is the cost of renting an apartment. So, just how much is the average rent in Prague?
The Cost of Rent in Prague
The cost of rent in Prague can vary widely depending on several factors such as location, size, and condition of the apartment. However, according to recent research, the average rent for a one-bedroom apartment in Prague is around 15,000 CZK per month. This translates to approximately $650 USD or €550 EUR.
Factors that Affect Rent Prices
While 15,000 CZK per month may be the average rent for a one-bedroom apartment in Prague, it’s important to note that this number can vary depending on several factors.
Location: The location of your apartment plays a significant role in determining its rental price. Apartments located in the city center tend to be more expensive than those located on the outskirts.
Size: The size of your apartment also matters. Larger apartments will generally command higher rental prices than smaller ones.
Condition: The condition of your apartment is another factor that can affect its rental price. Newly renovated apartments with modern amenities will generally be more expensive than older apartments with outdated features.
Renting vs. Buying
While renting an apartment may seem like an expensive option, it’s important to consider the cost difference between renting and buying a property in Prague.
According to Numbeo.com, the average cost per square meter to buy an apartment in Prague city center is around 100,000 CZK ($4,300 USD or €3,600 EUR), while outside the city center it’s around 60,000 CZK ($2,600 USD or €2,200 EUR) per square meter.
This means that buying an apartment in Prague can be a significant upfront expense. Additionally, you will also need to factor in the cost of maintenance and repairs, which can add up over time.
The Bottom Line
In conclusion, the average rent for a one-bedroom apartment in Prague is around 15,000 CZK per month. However, this number can vary depending on several factors such as location, size, and condition of the apartment.
If you’re considering moving to Prague, it’s important to carefully consider your options and budget accordingly. While buying an apartment may seem like a good investment in the long run, it’s important to factor in all of the associated costs before making a decision.