Renting in Munich
A new lease costs 23.23 € per m², the highest of 37 cities, up 3.0% on a year ago in a tight market.
- 1,390€/moA 60 m² flat, cold. Half of listings: 20.00 to 26.94 € per m².
- +27%Change over five years. +3.0% in the last 12 months.
- 21.9%Rent burden. Share of what two average residents earn after tax (2023).
- +5.2%Forecast, next 12 months. Likely 23.71 to 24.95 € per m².
The market in brief
Munich’s median asking rent stands at 23.23 €/m², the highest of the 37‑city sample, with a 3.0 % year‑on‑year rise and a 26.9 % gain over the past five years. The market remains tight, reflected by a 1.4 % vacancy rate and an average of 22 days on market; 34 % of listings are let within a week.
Affordability is pressured: a 60 m² unit costs about 1 394 € per month, and rent‑burden for two residents is 21.9 %. Asking rents sit roughly 80 % above the 2022 census existing rent of 12.89 €/m², underscoring the premium.
The model estimate forecasts the median asking rent at 24.44 €/m² in 12 months, ranging between 23.71 €/m² and 24.95 €/m², implying a 5.2 % increase.
The facts this summary was allowed to use
{
"city": "Munich",
"latest_month": "2026-06",
"median_asking_rent_eur_sqm": 23.23,
"p25_eur_sqm": 20,
"p75_eur_sqm": 26.94,
"rank_of_37_cities_most_expensive": 1,
"yoy_change_pct": 3,
"five_year_change_pct": 26.9,
"zensus_2022_existing_rent_eur_sqm": 12.89,
"asking_premium_vs_existing_pct": 80,
"rent_60sqm_eur_month": 1394,
"rent_burden_pct_two_residents": 21.9,
"days_on_market": 22,
"share_let_within_week_pct": 34,
"market_balance": "tight",
"vacancy_rate_pct": 1.4,
"population_growth_5y_pct": 3.3,
"forecast_12m_median_eur_sqm": 24.44,
"forecast_12m_low_eur_sqm": 23.71,
"forecast_12m_high_eur_sqm": 24.95,
"forecast_12m_change_pct": 5.2,
"mortgage_rate_pct": 4.09,
"recent_anomalies": [
{
"month": "2025-02",
"direction": "spike",
"mom_pct": 2.5
},
{
"month": "2024-07",
"direction": "drop",
"mom_pct": -1.7
},
{
"month": "2017-09",
"direction": "drop",
"mom_pct": -2.1
}
]
}How Munich compares
Each dot is one of the 37 cities; blue is Munich. Hover a grey dot to see which.
Where rents in Munich are heading
Median asking rent in Munich, € per m²
Monthly, with the 3, 6 and 12-month forecast and its 80% range. Use the menu to compare another city.
How to read this chart
The band widens further into the future because uncertainty grows with time. In back-tests, about 8 out of 10 real outcomes fell inside bands like this one.
Dashed circles mark : moves much larger than in the other cities that month.
Unusual months, in plain words
- In February 2025 asking rents jumped 2.5% in a single month, while the typical city moved -0.5%.
- In July 2024 asking rents fell 1.7% in a single month, while the typical city moved +0.3%.
- In September 2017 asking rents fell 2.1% in a single month, while the typical city moved +0.2%.
One month is a small sample, so a flag like this is a prompt to look closer rather than proof of a price change. The longer trend is the better guide.
Not every street costs the same
Rent per 100 m square, Munich
Average net cold rent on existing contracts, May 2022, on a street map. Hover for values; drag to move.
How to read this chart
The colour scale runs from the cheapest 2% to the most expensive 2% of squares, so a few extreme squares don't wash out the rest. A blank area means no or too few rented flats there (parks, industry, water) or the census suppressed the value.
How fast flats are let
A listing in Munich stays online for about 22 days, and 1 in 3 flats are gone within a week. Fewer means more competition: have your documents (SCHUFA, payslips) ready before you view.
The census found 1.4% of flats empty and available (), while the population grew +3.3% in five years. That makes the market tight on our .
Days a listing stays online
Rolling average over four quarters. Lower means a faster, tighter market.
What would a flat in Munich cost you?
Half of all listings: 1,200 € to 1,620 €. Heating and running costs come on top.
That is within the common rule of thumb that rent should take no more than 30% of net income.[1] If the trend holds, the same flat would be listed at about 1,470 € a year from now (likely between 1,420 € and 1,500 €).
On this income, a flat this size stays within 30% in all 37 cities. Noticeably cheaper options: (370 €), (450 €) and (490 €).