In March 2023, the Moscow rental market saw a notable shift as the average monthly rent for a studio apartment declined by 11.6 percent year over year. Data referenced by the Vedomosti newspaper and drawn from CIAN.Analitika’s statistics show the typical price stood at 43,300 rubles per month, down from 49,000 rubles in the prior year. This change reflects a broader pattern of easing demand and shifting supply within the city’s real estate landscape.
Similarly, the two-bedroom segment experienced a meaningful price reduction during the same period. The article notes that the average monthly rent for two-bedroom units fell by more than 15 percent year over year, illustrating a parallel trend across small- and mid-sized rental options in Moscow.
Commentary from industry observers attributes the March 2023 movement to adjustments across the rental market, with one source describing the decline in one-room apartments from 49,000 rubles to 43,300 rubles and the two-room category from 84,400 rubles to 71,200 rubles, a drop of about 15.6 percent. The shift is presented as part of a broader recalibration in the city’s rental economy, influenced by seasonal factors and evolving demand dynamics described in the same reporting.
Beyond Moscow, a comparable downward trajectory was reported in other major metropolitan areas of Russia, including the Moscow and Leningrad regions and St. Petersburg. The observed reductions indicate that the period’s market conditions were impacting a wider geographic footprint, not isolated to a single city.
On February 26, the Kommersant newspaper cited CIAN.Analitika statistics indicating a slight decline in long-term rents for one-bedroom apartments across the largest Russian cities during February 2023, with further decreases noted in the Moscow and Leningrad regions. By the end of the winter season, the average monthly rent for one-bedroom units had eased to 21.2 thousand rubles, representing a 0.4 percent drop from January. The data point underscores a softening trend that extended beyond the capital, affecting rental costs in neighboring regions as well, and highlighting how seasonal cycles can influence price movement in a dense urban rental market.