Rental Market Insights – Supply and Asking Rent Prices for Apartments across Cyprus

Andreas Christophorides: In July 2025, the Cyprus rental market recorded 1,390 available apartments for rent across the island, according to data collected and analyzed by Landbank Analytics. This provides a clear snapshot of current supply conditions and prevailing rental trends in the residential sector.

Landbank Analytics has released its latest analysis of Cyprus’ apartment rental market, revealing availability and asking prices by district as of July 2025. The findings are based on data collected from real estate listing platforms and outline average asking rents according to apartment size.

The analysis underscores notable regional differences in both supply and pricing, says Andreas Christophorides, CEO of Landbank Group.

“July falls within the peak rental demand period, which explains the reduced number of listings across Cyprus—just 1,390 available apartments. For comparison, a similar analysis conducted in January showed 3,257 units on the market. The rental market reflects the unique dynamics of each district, shaped by local demand, property type, and size—all contributing to a highly varied price landscape.”

With 1,013 apartments available for rent, Limassol stands out as the district with the highest supply. It is followed by Nicosia (191 units), Larnaca (128), and Paphos (54). The free area of Famagusta has the lowest supply, with only 4 available apartments.

Limassol continues to command the highest average asking rent, reaching €3,057 per month. In contrast, more affordable options are found in Paphos (€1,492), Nicosia (€1,371), and Larnaca (€1,277), reflecting regional differences in demand and property supply.

Nicosia

The capital is characterised by a balanced distribution of rental apartments, with the highest availability among two-bedroom units (90) and three-bedroom units (63). There is more limited availability for one-bedroom units (30) and four-bedroom units (8).

Average asking rents:

The higher rent for three-bedroom apartments may reflect increased demand from families and students seeking shared accommodation.

Limassol

Limassol offers the widest variety and largest volume of rental apartments. The majority are two-bedroom apartments (502), followed by three-bedroom (304) and one-bedroom units (166). There is also notable supply in larger units, with 33 four-bedroom and 6 five-bedroom apartments.

Average asking rents in Limassol are the highest nationwide:

These figures reinforce Limassol’s position as Cyprus’ premium rental market.

Larnaca

In Larnaca, the majority of available apartments (92 units) are two-bedroom. Smaller numbers are recorded in three-bedroom units (21) and one-bedroom units (15).

Average asking rents:

This gradual increase by bedroom count reflects a typical progression based on apartment size.

Paphos

As in Larnaca, two-bedroom apartments (34 units) dominate the available rental stock in Paphos. These are followed by 11 one-bedroom and 9 three-bedroom apartments.

Average asking rents:

Paphos demonstrates generally stable prices, with a logical upward trend according to the number of bedrooms.

Famagusta

In the free area of Famagusta, only three two-bedroom apartments are currently available for rent, with an average monthly rent of €2,150.