Finland is a popular destination for expats due to its high standard of living and its thriving technology industry. The rental prices in popular expat areas in Finland vary depending on factors such as location, size, and type of property.
In Helsinki, the capital city, the average monthly rent for a one-bedroom apartment in a central location is around 1000 to 1500 euros ($1232 to $1848). In areas such as Punavuori, a popular neighborhood for expats, the average monthly rent for a one-bedroom apartment is around 1200 to 1700 euros ($1479 to $2083). In upscale areas such as Eira, the average monthly rent for a one-bedroom apartment can be as high as 1500 to 2000 euros ($1848 to $2464).
In Espoo, a popular city for expats located near Helsinki, the average monthly rent for a one-bedroom apartment in a central location is around 900 to 1300 euros ($1119 to $1606). In areas such as Leppävaara, the average monthly rent for a one-bedroom apartment is around 1000 to 1500 euros ($1232 to $1848).
It’s important to note that the above prices are just estimates and actual rental prices may vary depending on the location, type, and size of the property.
Rental Caps in Place in Finland
Finland does not have a rent control law in place, so there are no restrictions on the amount that landlords can charge for rent. However, there are provisions in the Finnish Tenancy Act that regulate the relationship between landlords and tenants, including the right of tenants to a fair rent and the obligation of landlords to provide safe and habitable housing.
Deposit and Return Rules for Renting in Finland
When renting a property in Finland, you typically have to pay a security deposit, which is usually equal to one month’s rent. The security deposit is held by the landlord as collateral for any damages that may occur during the tenancy.
The rules for the return of the security deposit are set out in the lease agreement, and it is important to read and understand these rules before signing the agreement. In general, the security deposit will be returned to the tenant at the end of the tenancy, if the tenant has fulfilled their obligations under the lease agreement and has not caused any damages to the property.
If damages have occurred, the landlord may use the security deposit to cover the cost of repairing the damages. The landlord is required to provide the tenant with a written estimate of the cost of repairs and must return any unused portion of the security deposit within a reasonable amount of time after the end of the tenancy.
Price and Availability of Rentals in Finland
The price and availability of rentals in Finland do not change significantly at different times of the year. The rental market in Finland is relatively stable, and fluctuations in rental prices and availability are not pronounced. This stability is due to the country’s robust economy and strong property market.
However, it’s important to note that the demand for rental properties in Helsinki and Espoo may increase during the peak tourist season, from June to August, and availability may be limited. This is due to the influx of tourists visiting the country during this time. On the other hand, during the low season, from September to May, rental prices may be lower and there may be more rental properties available.
