Algeria House Prices, Rents & Rental Yields (2026)
How much property costs in Algeria, what it rents for and how that compares with neighbouring markets in Africa. City-centre prices per m² rank 4 of 9 in this comparison; gross yields rank 8 of 8.
- Apartment price per m² (city centre)
- $1,350
- 2023
- Apartment price per m² (outside centre)
- $746
- 2023
- Gross rental yield (city centre)
- 3.1%
- 2024
- Price-to-income ratio
- 17.2
- 2024
- Rent: 1-bedroom, city centre
- $183/mo
- 2023
- Mortgage interest rate (20-year fixed)
- 6.5%
- 2023
Price and rent trends in Algeria
Latest property market indicators
| Indicator | Value | Year | Change | Source |
|---|---|---|---|---|
| Apartment price per m² (city centre)Average asking price per square metre to buy an apartment in city centres | $1,350 | 2023 | +20.8% vs 2022 | Numbeo |
| Apartment price per m² (outside centre)Average price per square metre to buy an apartment outside city centres | $746 | 2023 | +13.7% vs 2022 | Numbeo |
| Price-to-income ratioMedian apartment price divided by median annual disposable family income | 17.2 | 2024 | +7.5% vs 2023 | Numbeo |
| Gross rental yield (city centre)Annual rent as a percentage of purchase price, city-centre apartments | 3.1% | 2024 | -0.3 pp vs 2023 | Numbeo |
| Price-to-rent ratio (city centre)Purchase price divided by annual rent, city-centre apartments | 32.7 | 2024 | +10.5% vs 2023 | Numbeo |
| Rent: 1-bedroom, city centreAverage monthly rent of a one-bedroom apartment in the city centre | $183/mo | 2023 | -9.0% vs 2022 | Numbeo |
| Rent: 1-bedroom, outside centreAverage monthly rent of a one-bedroom apartment outside the centre | $111/mo | 2023 | -7.9% vs 2022 | Numbeo |
| Rent: 3-bedroom, city centreAverage monthly rent of a three-bedroom apartment in the city centre | $298/mo | 2023 | -5.8% vs 2022 | Numbeo |
| Rent: 3-bedroom, outside centreAverage monthly rent of a three-bedroom apartment outside the centre | $181/mo | 2023 | -10.1% vs 2022 | Numbeo |
| Mortgage interest rate (20-year fixed)Average yearly mortgage interest rate, 20-year fixed | 6.5% | 2023 | -0.3 pp vs 2022 | Numbeo |
Year-by-year data
| Year | Apartment price per m² (city centre) | Apartment price per m² (outside centre) | Price-to-income ratio | Gross rental yield (city centre) | Price-to-rent ratio (city centre) | Rent: 1-bedroom, city centre | Rent: 1-bedroom, outside centre | Rent: 3-bedroom, city centre | Rent: 3-bedroom, outside centre | Mortgage interest rate (20-year fixed) |
|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | — | — | 17.2 | 3.1% | 32.7 | — | — | — | — | — |
| 2023 | $1,350 | $746 | 16 | 3.4% | 29.6 | $183/mo | $111/mo | $298/mo | $181/mo | 6.5% |
| 2022 | $1,118 | $656 | 18.2 | 3.1% | 32.6 | $202/mo | $120/mo | $316/mo | $201/mo | 6.8% |
| 2021 | $1,277 | $819 | 17.1 | 3.2% | 31.4 | $186/mo | $120/mo | $334/mo | $224/mo | 6.7% |
| 2020 | $1,356 | $796 | 17.8 | 3.0% | 33.3 | $206/mo | $131/mo | $355/mo | $230/mo | 7.0% |
| 2019 | $1,140 | $593 | 21.2 | 2.7% | 36.8 | $184/mo | $123/mo | $332/mo | $210/mo | 5.2% |
| 2018 | $1,621 | $761 | 22.2 | 2.6% | 39.1 | $208/mo | $131/mo | $323/mo | $204/mo | 6.8% |
| 2017 | $1,730 | $1,218 | 21.8 | 2.7% | 37.6 | $239/mo | $160/mo | $416/mo | $263/mo | 5.8% |
Algeria compared with Africa
| Country | Apartment price per m² (city centre) | Gross rental yield (city centre) | Price-to-income ratio | Mortgage interest rate (20-year fixed) |
|---|---|---|---|---|
| Algeria | $1,350 | 3.1% | 17.2 | 6.5% |
| Egypt | $631 | 6.4% | 16.2 | 12.8% |
| Morocco | $1,560 | 4.8% | 15.9 | 5.3% |
| Tunisia | $928 | 4.8% | 13.4 | 10.8% |
| Cameroon | $1,942 | 8.8% | — | 19.3% |
| Ethiopia | $2,247 | 6.8% | 26.4 | 15.5% |
| Kenya | $966 | 7.1% | 12.1 | 14.3% |
| Nigeria | $835 | — | 28.2 | 14.3% |
| South Africa | $850 | 10.3% | 3.3 | 11.4% |
Related
Prices, rents, yields and mortgage rates: Numbeo (crowd-sourced, national averages of city data). Values in US dollars.