New increases in asking rental prices for residential properties, surpassing even 20% year-on-year in some areas of Attica, have been recorded in third-quarter 2026 data from the Chrysi Efkairia (Golden Opportunity) platform. At the same time, the supply of available homes is shrinking significantly across many areas, placing even greater pressure on households searching for housing. The situation is particularly dire for small and medium-sized apartments — the go-to choice for workers, young people, and small families — with price increases now spreading to neighborhoods that were traditionally considered more affordable.
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Athens rents on fire: Increases exceeding 25% and a sharp drop in available housing
A standout case is Kaisariani, where asking rental prices for properties up to 80 sq.m. surged by 25.8% year-on-year, reaching €15.08 per square meter — up from €11.99 in the same quarter of 2025. This means that for a 70 sq.m. apartment, the indicative monthly rent now stands at €1,056, compared to approximately €839 just one year ago. At the same time, the number of available properties in this category dropped by 14.5%, from 346 to 296.
Similar pressures are being recorded across other parts of Attica, with rising rents frequently accompanied by a significant contraction in supply. In Pallini, asking prices for homes up to 80 sq.m. increased by 23.5%, reaching €11.91 per square meter, while available listings plummeted by 56.7% — from 60 down to just 26. In Artemida, the corresponding increase reached 22.4%, with the average asking price settling at €12.02 per square meter, while supply fell by 33%.
Rising trend in eastern and western suburbs
The upward trend is equally pronounced in the eastern suburbs. In Gerakas, small apartments recorded a 15.2% price increase, with asking prices reaching €11.70 per square meter, even as available properties fell by 42.4%. In Agia Paraskevi, prices rose by 6% to €13.78 per square meter, while supply contracted by 30.2%. In Cholargos, the price increase for small apartments was more moderate at 1.4%, yet available listings still dropped by 32.4%. In Athens — which accounts for the largest share of available properties among the areas surveyed — asking prices for homes up to 80 sq.m. rose by 7.3%, reaching €13.13 per square meter, up from €12.24 in the third quarter of 2025. As a result, a 60 sq.m. apartment now commands an indicative monthly rent of around €788, compared to €734 a year earlier. During the same period, available listings fell by 9.5%, from 11,232 to 10,169.
The upward trend extends to the western suburbs as well, where the rental market is experiencing significant price hikes. In Aigaleo, asking prices for properties up to 80 sq.m. climbed by 11.1% to €12.54 per square meter, while in Ilion the increase reached 11.5%, with prices settling at €10.40. In Peristeri, a 7.3% rise was recorded, bringing prices to €10.63 per square meter, while the supply of small apartments fell by 15.4%. Increases are also being recorded in areas of Piraeus and surrounding municipalities. In Nikaia, asking prices for small homes rose by 8% to €10.39 per square meter, while in Korydallos the increase reached 11.1%, at €10.41. In Keratsini, prices climbed by 13.9% to €10.31 per square meter, while in Piraeus the increase stood at 5.9%, with asking prices reaching €12.37.
The picture in the southern suburbs
The situation in the southern suburbs confirms that renting a home remains particularly expensive, with the highest prices recorded in Voula. For properties up to 80 sq.m., the asking price reached €20.27 per square meter — a 10.8% increase compared to the third quarter of 2025. This is the highest price in this category among all the areas included in the data. As an indication, renting a 70 sq.m. apartment in Voula now costs approximately €1,419 per month. At the same time, available properties fell by 22.3%. In Glyfada, prices for small apartments rose by 8.5% to €17.53, while for properties between 81 and 120 sq.m. the increase stood at 6.1%, reaching €15.97.
In the same category, listings dropped by 23.4% — from 1,310 to 1,004 — reflecting a significant decline in recorded supply. In Alimos, prices for homes up to 80 sq.m. reached €15.65, up 4.9%, while in Vari they climbed to €17.06, a 3.3% rise. In Elliniko, small apartment prices rose by 3.2% to €16.52, while rents for properties over 120 sq.m. remain elevated at €19.78, reflecting a 7% increase. Significant price increases are also being recorded in the northern suburbs. In Kifisia, prices for homes up to 80 sq.m. rose by 9.5% to €16.07, while for the 81–120 sq.m. category the increase reached 13.2%, bringing prices to €13.87. Meanwhile, the supply of small homes in the area fell by 37.2%.
Published in Parapolitika newspaper
