In recent years, finding a rental property in Athens, particularly a small apartment, has become increasingly challenging. Smaller flats are the preferred option for students, young professionals and single tenants, keeping demand consistently high and well above available supply. As a result, rental prices continue to rise.
Below is an overview of the indicative monthly rental cost for a 40 sq.m. apartment across different areas of Athens, based on current market conditions.
On a per-square-metre basis, rents average €12/sq.m., typically ranging from €9 to €19/sq.m. in prime locations. Prices vary significantly depending on factors such as the age of the property, floor level, proximity to public transport, and access to shops and essential services.
🏙️ Athens City Centre
Central Athens offers options across a wide range of budgets, with higher prices in areas that benefit from strong transport links and vibrant local markets.
- Patisia, Kolonos, Attiki, Sepolia, Kypseli: The average rental price ranges around €300–€450/month
- Exarchia, Pangrati, Petralona, Ilisia, Zografou, Ampelokipoi, Panormou: The average rental price ranges around €400–€550/month
- Kolonaki, Koukaki, Mets: The average rental price ranges around €550–€700/month
🌳 Northern Suburbs
Rents in the northern suburbs tend to be higher, driven by greener surroundings and a quieter lifestyle, making them particularly attractive to families.
- Irakleio, Lykovrysi, Cholargos, Melissia, Vrilissia: The average rental price ranges around €400–€550/month
- Marousi, Filothei, Chalandri, Psychiko: The average rental price ranges around €500–€650/month
🏘️ Western Suburbs
The western suburbs remain among the more affordable areas of Athens, offering good value alongside convenient access to metro lines or local amenities.
- Ilion, Kamatero, Metamorfosi: The average rental price ranges around €300–€450/month
- Peristeri, Aigaleo, Petroupoli, Chaidari, Nea Ionia, Filadelfeia, Nea Chalkidona, Galatsi: The average rental price ranges around €350–€500/month
🌊 Southern Suburbs & Piraeus
In the southern suburbs and coastal districts, proximity to the sea often pushes rental prices noticeably higher.
- Piraeus, Nikaia, Kallithea, Nea Smyrni, Ymittos, Ilioupoli, Dafni, Vyronas, Argyroupoli, Agios Dimitrios: The average rental price ranges around €350–€500/month
- Elliniko, Alimos, Glyfada: The average rental price ranges around €550–€700/month
While it is still possible to find a 40 sq.m. apartment in Athens for around €350–€450 per month, availability within this price range is becoming increasingly limited. Prospective tenants should be prepared with clear priorities, flexibility on location, and quick decision-making, given that well-priced properties are snapped up quickly.
It should be noted that flatsharing remains a strong alternative, offering both cost savings and greater flexibility. By sharing rent and fixed household expenses, tenants can access areas or properties that may otherwise be financially out of reach.
*Prices are indicative and reflect the current market landscape. They may be subject to change in the future, depending on market conditions.
