By the end of February 2023, average monthly rent for one room in Russia’s largest cities, including the Moscow and Leningrad regions, slipped slightly from January. As winter wound down, the rate fell by 0.4 percent, settling at 21.2 thousand rubles per month according to data cited by Kommersant from Cyan.Analitika. The shift mirrors a broader easing in long term rental costs across major urban markets, reflecting changes in apartment demand, seasonality, and the structure of local rental inventories.
A parallel trend was observed in the long term rental segment for two bedroom units. The average price for two bedroom housing decreased by 1.2 percent, landing at 30.5 thousand rubles per month. This move aligns with a softer market environment where landlords adjust pricing in response to seasonal vacancies, shifts in tenant preferences, and the competitive landscape among regional rental offerings.
In detail, the report notes that the average monthly cost for long term rentals in the 18 largest regional markets of Russia, encompassing more than 16 million residents alongside Moscow and the Leningrad region, stood at 21.2 thousand rubles for one room and 30.5 thousand rubles for two rooms in February. Compared with January, these figures show declines of 0.4 percent and 1.2 percent respectively, underscoring a cautious pricing stance among landlords as winter gives way to spring.
During the same period, insights from Sutochno.ru highlighted a notable shift in daily rental pricing for popular tourist cities across Russia and neighboring areas. By late February 2023, the average daily rate had receded by a substantial 31 percent relative to January, bringing the current average to 3,505 rubles per day. This change reflects the seasonal realignment of short term stays as travel demand adjusts after peak winter holidays, with implications for property owners who balance occupancy goals against income expectations.