Back in 1872, when Buda, Pest, and Óbuda cities decided to unite, the world witnessed a new beautiful city called Budapest. Did anyone know how popular this place will become among the top Europe destinations? Not necessarily. However, thanks to the popularity of Budapest among the tourists, an impressive number of countries decided to wave the VISAs and cooperate with Hungary to improve the travel experience.
Budapest may seem a rather small city, but it consists of 23 districts; Those have their pros and cons that you’ve got to know before moving to Budapest, and we’re happy to guide you through. Since the city consists of two sides – Buda and Pest, it’s essential to know which one is more popular among the expats. Statistics show that Buda attracts more immigrants since it’s quieter and has lots of green zones available for its residents. The city itself can be called a beautiful historic gem with authentic European architecture and its own unique atmosphere. Before moving to Budapest, you’ve got to make sure you speak English or German; these two languages are the most popular in the city among the expats. If you know one of those, you’ll feel comfortable in Budapest.
The 2008 economic crisis hit the Budapest and Hungary considerably. The government implemented a few changes that improved the situation and made Budapest an attractive place for the working class: cutted business taxes for city workers, imposed additional taxes for retailers and energy companies, etc. More than 80% of the GDP is formed by the private sector and those working there. Back in 2010, the government made lots of improvements to recover the economy and increase exports. Right now, Budapest is an excellent place to live, work, and run business; the trend is positive for entrepreneurs and working class with the average income number growing.
Budapest has a lot to offer for those enjoying the sightseeing, architecture, and authentic European streets. The most popular entertainment venues include the vibrant cultural scene of events and landmarks to visit. The Castle Hill will guide you right to the Old Town of Buda. You’ll be able to enjoy a beautiful Budapest History Museum where you’ll dive deep into the history of the city and its evolution since the old times. Are you looking for breathtaking city views? You got it! Visit Trinity Square, go to the Matthias Church or Fishermen’s Bastion to take a look at the city and understand how beautiful it is from above.
You can commute using buses, trams, taxis or simply go by foot. The transportation system is managed smartly and allows you to get around the city for a reasonable price. One of the great features of the commute system is the special night buses that take you home safely after you stay late at work or partying in District VII. There are so many public transport options for you as a Budapest resident that you’ll hardly need to take a taxi.
|Rent Price||Feb||vs Last Month|
|1 bed rentals||HUF 223,478||+0%|
|2 bed rentals||HUF 186,000||+0%|
|3 bed rentals||HUF 109,224||+0%|
|4+ bed rentals||HUF 834,045||+0%|
|Rent Type Price||Feb||vs Last Month|
|Apartment rentals||HUF 230,276||+0%|
|House rentals||HUF 1,500,000||+0%|
|Townhouse rentals||HUF 185,000||+0%|
Over the Apr 2020, the average rent for an apartment in/near Budapest, Hungary remained flat at 349.046,00 HUF. Breaking it down in details, we now see that the average price for 1-bed apartment stands at 223.478,00 HUF with no changes this month. Pricing for 2-bed apartment remains the same, a place of this size will still cost you 186.000,00 HUF. Reports state that an average 3-bed apartment pricing did not change, so you can still get yourself one for 109.224,00 HUF. Consequently, we now see that the 4- and more bed apartments pricing stays the same, so you can still face an estimate price around 834.045,00 HUF for a big-family home.
Looking at the median rent price for an apartment in Budapest, Hungary, you can note that it remains flat with a price tag of 230.276,00 HUF. The median rent for a house is still 1.500.000,00 HUF with no significant changes this month.
Do you want to get yourself an apartment for rent in Budapest? It’s no wonder this city is fantastic. However, make sure the cost of living here fits your budget before you start apartment hunting. This is the general rule of thumb that you’ve got to remember. The rent pricing here depends on the neighborhood you choose. The most expensive districts are the first, second, fifth, and twelfth. These may hit your budget hard, but those locations are gold if you are an aesthetic geek. Rentberry provides you with the custom filters to find a house for rent in Budapest with specific amenities, rent price, or location. We know for sure where you should settle down, just read on to know the best Budapest neighborhoods that we’ve studied. Also, don’t forget to leverage the custom offers a feature to get the cheapest Budapest home for rent.
Considering the average European wage, you’ll find the rent prices in this area fair and affordable. Some people can say that District V is pricey, but don’t forget that living here equals being close to the most iconic landmarks of the city and enjoying it daily. Since this part of the city is somewhat of a finance center of Budapest, you’ll be happy to see that the weekends here are free from cars and people walking to their offices.
Considering yourself a millennial and a fan of nightlife, bars, and parties? Then this neighborhood is your best choice. Lots of restaurants, nightclubs, and other entertainment venues will keep you excited on any given day. And hey, don’t worry about the noise, you’ll be among those making it. The best choice for you will be finding an apartment for rent closer to the Teréz/Erzsébet körút. This way, you’ll be between two best words — parties and calm city life. Make sure your home is close to the tram or bus line to avoid problems with getting around the city and commuting to work. Then you’ll be in the middle of the best area of Budapest.
Unfortunately, this neighborhood does not have a lot of exciting things to see, but it’s super quiet, where you can hide from the crowds of tourists and enjoy a spacious life. You should start your District XIII apartment hunting near the M3 metro stop and go further north from the city center. Even with this area being pretty far from the heart of the city, you’ll be able to get around to the most popular attractions within 10-15 minutes by bus, metro or tram.
Looking for a family-friendly district? Your best bet will be going to the Buda part of the city; it has neighborhoods that can offer a lot if you’re moving there with your family. This is an excellent area for those enjoying the house living with a small green garden. Consider moving to Buda Hills to enjoy both suburban and city life without going too far from the central part of the city. It’s quiet here, and this district can offer a lot of long-term renting options for you.