In six months, housing rent prices in Ukraine rose by 9%.
The average monthly rent for a 1-room apartment in June 2023 was UAH 6,230 ($174). Since the beginning of the year, the price has increased by 9.3%, which is twice as high as the official 6-month inflation rate (4.6%) according to the State Statistics Service.
The leader is the Zakarpattia region, where rent increased by 47.8% to UAH 12,867 ($350). The Lviv region is in second place with a 9.3% increase to UAH 12,000 ($328). Kyiv’s rent rose by 2% to UAH 7,793 ($213), leaving the city in third place. The rent prices are higher in the west and some central regions.
At the same time, the lowest prices are at the front-line in the Zaporizhia, Kherson, and Sumy regions. Last year, when inflation was 26.6%, the average monthly rent for a 1-room apartment increased by 32.7% to UAH 5,699 ($155). Before the war in 2021, when inflation was at 10%, rental prices increased by 10% to UAH 4,294 ($117), and in 2020, the increase was 5.5% to UAH 3,903, with inflation at 5%.