Real estate in Austria: the cost of renting apartments with three bedrooms in 2021

June 25, 2021
Residence permit by investment: three-bedroom apartments for rent
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Investors choose a residence permit in Austria in order to move to a country with a high standard of living, start a business and travel visa-free to Schengen. Not everyone is ready to buy an apartment right away: the average price per square meter of residential property – from € 2,445. We tell you how much it costs to rent an apartment with three bedrooms in different regions of Austria.

Austrian real estate prices have been rising steadily since 2015. The real estate market made a significant contribution to the country’s GDP in 2020: the value of private homes rose by 3.7%, the value of apartments by 4.6%.

Rents in Vienna have risen by a record 6 %, in other regions of the country – by 1.7 %. For example, the average rental price for a three-bedroom apartment in Austria in the summer of 2021 is €1,342, according to Numbeo.com.

€1342

The average cost of renting an apartment with three bedrooms

Numbeo.com allows all users to share information about the prices of real estate, food, and travel in their country.

Rental prices in different regions of Austria

The cost of renting an apartment depends on the region of the country. Austria is divided into nine regions or federal states. Popular destinations for tourists – Vienna, Salzburg, Lower Austria.

Residence permits by investment: The territorial division of Austria
The 9 federal states into which Austria is divided

The cost of renting an apartment depends on the region of the country. The most expensive options for renting accommodation – in Salzburg and Vienna. In the table below we present prices for apartments in major Austrian cities.

Average rental price for a three-bedroom apartment in Austria

Region 🌍 City 🏘️ Price 💶
Salzburg Salzburg €1,719
Vienna Vienna €1,667
Lower Austria Baden €1,600
Vorarlberg Dornbirn €1,566
Tyrol Innsbruck €1,478
Upper Austria Linz €1,410
Styria Graz €1,119
Carinthia Klagenfurt €1,070
Lower Austria St. Pölten €830

Data source ― Numbeo.com

Why investors choose Austria

1. Investors get a residence permit in Austria to live in a safe and environmentally friendly country with a high standard of living. For example, Vienna has been ranked first several times in the ranking of the best cities to live in over the past 10 years, according to Mercer.

Residence permit by investment: Vienna Opera House
Vienna has many historical monuments, such as the Vienna Opera, parks, and recreational facilities. Residents prefer public transport to private cars

The international rating agency Standart & Poor’s has assigned the country an AA+ credit rating. This means that the state’s economy is not threatened by default, it has high creditworthiness and growth prospects in the coming years, despite the global crisis amid the coronavirus pandemic.

2. Investors choose Austria for its favorable conditions for international business.

Immigrant Invest lawyers helped Yuri and Marina to obtain a residence permit in Austria. Yuri planned to take their business internationally and optimize their taxation. The family wanted to live in an environmentally friendly and quiet neighborhood, so the lawyers helped them rent an apartment in Klagenfurt.

3. A residence permit in Austria allows the investor and his family to live, study and work in the country, as well as travel freely within the Schengen countries.

How to get a residence permit in Austria

Austria offers wealthy people a residence permit for financially independent persons. The investor needs to prove that he and his family have enough money to live in the country.

The government grants residence permits on a quota basis. We told you how to get a quote in 2022 and the conditions that the applicant must meet.

The distribution of quotas can be compared to the lottery that takes place all over the world. The first person to sign up at the Austrian Embassy on the first working day of the year gets a chance to be considered for an application.

The second important point is the correctness of the documents. The time frame for collecting, processing, and submitting documents varies from case to case. If you make a mistake in filling out the documents, Austria will refuse to grant residence permit status.

Despite the complexity of the process, we have been able to register clients for 10 years. We are aware of the number of quotas in different regions of Austria, we cooperate with the best lawyers in the country and accompany clients at every stage of obtaining a residence permit.

Злата Эрлах - Иммигрант Инвест
Zlata Erlach

Director of the Vienna office of Immigrant Invest

The program is designed specifically for those who want to move: under its terms, in Austria to spend at least 183 days a year. Not everyone is ready to buy real estate in the country immediately, so investors often rent apartments.

Examples of three-bedroom apartments in various Austrian cities

Residence permit by investment: rental property

Three-bedroom apartment with private terrace in Vienna. Living area - 81 m². Rental price - € 2929 per month.
Source www.willhaben.at

Residence permit in Austria by investment: example of real estate

Apartment with three bedrooms in Melk, which is located in Lower Austria. The living space is 78 m². Rental price - € 760 per month.
Source www.willhaben.at

Residence permit in Austria by investment: example of real estate

Three-bedroom mansard in Eferding, which is located in Upper Austria. The living space is 74 m². Rental price - € 760 per month.
Source www.willhaben.at

Residence permit by investment: rental property
Residence permit in Austria by investment: example of real estate
Residence permit in Austria by investment: example of real estate

Immigrant Invest is a licensed agent of the Austrian residence permit program for financially independent people. If you want to move to Austria and rent a property, seek advice from the experts of the investment programs.

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