I recently read on real estate platform ImmoScout24 that rental prices have risen by an average of 4%, now reaching €14.90 per square meter. What caught my eye was that gross rents in Tirol, Vienna, and Salzburg have surpassed €20 for the very first time.
In the first quarter, Tirol reported the steepest rental prices, with an average of €20.74 per square meter, rising 5% compared to the same period the previous year. Vienna came next, with an average cost of €20.42 per square meter, showing a 9% increase, while Salzburg experienced the highest surge, reaching €20.25 per square meter—a 13% jump. Vorarlberg also recorded elevated rental prices, averaging €19.05 per square meter, well above Austria’s national average.
Upper Austria, Styria, and Lower Austria remained relatively affordable
In contrast, regions such as Upper Austria (€12.01), Styria (€12.41), and Lower Austria (€12.44) remained relatively affordable. Carinthia’s average was €13.80 per square meter, while Burgenland reported an average of €13.06.
While interest in homeownership is rising slightly, the demand for rental apartments has seen a slight decline, according to recent analysis by the real estate platform ImmoScout24.
What impressed me most was the scale of the study: 117,000 apartment listings analysed across the first quarters of 2023 to 2025. By focusing on gross rents (net rent plus operating costs, excluding heating and electricity) and using the median as the key measure, the analysis paints a realistic picture of the market.
I guess we can say that Austria’s housing market is evolving, but it’s not uniform. While some regions are heating up, others remain accessible — and that diversity is part of what makes the country’s housing landscape resilient.
Should you spot any errors in my writing, don’t hesitate to reach out; I’ll gladly fix them.
