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Facts about the  Budapest flat market

The quality and price of flats vary depending on the area, the quality of the flat and the length of the rental period.

Demand for flat rentals is very high in August and September when foreign students start their semesters. 
Budapest flat

What you need to know when renting a flat in Budapest

Most flats in downtown Budapest are in good condition, the owners care for them and spend money on renovation and furniture. However the buildings sometimes lack renovation, which means that it can happen that the corridor has a shabby look, but the flat is in excellent shape.

The quality of the flats does not necessarily depend on the location, however that of the area does.  On the Pest side the best is the 5th district which is actually the absolute downtown from the Parliament to the Liberty Bridge.  It contains the financial district and Váci utca, the shopping street frequented by mostly foreigners. 

The 6th district and in general the area inside the Grand Boulevard (Nagykörút), the villa district on both sides of the outer Andrássy út and the inner city part of the 13th district are acceptable. Very nice flats can be find here too. 

Beyond the Grand Boulevard in the 7th, 8th and 9th district in General there are low quality flats, however the areas close to the Boulevard are being renovated, and some really nice spots evolved in the past few years.

The Buda side is in general nice, the inner city part on the riverbank, around the Castle, Margit körút  and the Danube side of Gellért hill are well approachable by public transport. The other parts are not. There are very nice green spots in the hill. but if you have to go to work from there, be prepared for congestions.

Prices vary a lot depending on the area and the quality of the flat. Some flats are available from as much as 250 EUR a month, but these are not the nice ones. The length of the rent also determines the price, normally the monthly rent for a yearly rental is much lower than that for a half year or three months.

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