The cost of rent in Austria varies greatly depending on location and type of property. In general, prices are higher in the cities and in popular tourist areas. In Vienna, for example, a one-bedroom apartment in the city center can cost anywhere from €800 to €1,500 per month, whereas a two-bedroom apartment can cost between €1,200 and €2,500 per month.
In other popular cities such as Salzburg, Innsbruck, and Graz, one-bedroom apartments can cost between €600 and €1,200 per month, while two-bedroom apartments can cost between €900 and €2,000 per month.
Rental Caps in Austria
There are no rental caps in place in Austria. This means that landlords are free to charge whatever rent they choose, so long as it is not discriminatory and does not violate the terms of a lease agreement.
Deposit Requirements in Austria
In Austria, it is common for tenants to be required to pay a deposit, which is usually equivalent to one to two months’ rent. This deposit is held by the landlord or agent as security in case of any damage to the property or unpaid rent at the end of the tenancy.
The rules for the return of the deposit at the end of a tenancy are governed by Austrian law. Generally, the deposit must be returned within three weeks of the end of the tenancy, provided that the property is in the same condition as it was at the beginning of the tenancy and that all rent has been paid in full.
Changes in Rent Prices and Availability
The price and availability of rentals can change at different times of the year in Austria, particularly in tourist areas. During the summer months, demand for rentals typically increases, causing prices to rise and availability to decrease. Conversely, during the winter months, demand decreases and prices tend to drop.
Another factor that can influence rental prices is the local economy. If the local economy is strong and there is a high demand for rental properties, prices are likely to increase. Conversely, if the local economy is weak, prices are likely to decrease.
