Montenegro House Prices, Rents & Rental Yields (2026)
How much property costs in Montenegro, what it rents for and how that compares with neighbouring markets in Southern Europe. City-centre prices per m² rank 6 of 10 in this comparison; gross yields rank 2 of 9.
- Apartment price per m² (city centre)
- $2,343
- 2023
- Apartment price per m² (outside centre)
- $1,920
- 2023
- Gross rental yield (city centre)
- 6.3%
- 2024
- Price-to-income ratio
- 12.3
- 2024
- Rent: 1-bedroom, city centre
- $685/mo
- 2023
- Mortgage interest rate (20-year fixed)
- 6.5%
- 2023
Price and rent trends in Montenegro
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 | $2,343 | 2023 | +10.1% vs 2022 | Numbeo |
| Apartment price per m² (outside centre)Average price per square metre to buy an apartment outside city centres | $1,920 | 2023 | +20.7% vs 2022 | Numbeo |
| Price-to-income ratioMedian apartment price divided by median annual disposable family income | 12.3 | 2024 | -6.1% vs 2023 | Numbeo |
| Gross rental yield (city centre)Annual rent as a percentage of purchase price, city-centre apartments | 6.3% | 2024 | +1.0 pp vs 2023 | Numbeo |
| Price-to-rent ratio (city centre)Purchase price divided by annual rent, city-centre apartments | 15.8 | 2024 | -16.0% vs 2023 | Numbeo |
| Rent: 1-bedroom, city centreAverage monthly rent of a one-bedroom apartment in the city centre | $685/mo | 2023 | +41.4% vs 2022 | Numbeo |
| Rent: 1-bedroom, outside centreAverage monthly rent of a one-bedroom apartment outside the centre | $348/mo | 2022 | +11.5% vs 2021 | Numbeo |
| Rent: 3-bedroom, city centreAverage monthly rent of a three-bedroom apartment in the city centre | $1,229/mo | 2023 | +26.5% vs 2022 | Numbeo |
| Rent: 3-bedroom, outside centreAverage monthly rent of a three-bedroom apartment outside the centre | $959/mo | 2023 | +45.2% vs 2022 | Numbeo |
| Mortgage interest rate (20-year fixed)Average yearly mortgage interest rate, 20-year fixed | 6.5% | 2023 | +1.6 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 | — | — | 12.3 | 6.3% | 15.8 | — | — | — | — | — |
| 2023 | $2,343 | $1,920 | 13.1 | 5.3% | 18.8 | $685/mo | — | $1,229/mo | $959/mo | 6.5% |
| 2022 | $2,127 | $1,591 | 15.3 | 4.4% | 22.8 | $484/mo | $348/mo | $972/mo | $661/mo | 4.9% |
| 2021 | $2,192 | $1,393 | 14.1 | 4.3% | 23.2 | $438/mo | $312/mo | $1,115/mo | — | 4.8% |
| 2020 | $1,883 | $1,347 | 13.2 | 4.6% | 21.9 | $372/mo | $276/mo | $679/mo | $513/mo | — |
| 2019 | $1,570 | $1,199 | 13.7 | 4.1% | 24.4 | $331/mo | $241/mo | $675/mo | $453/mo | 7.9% |
| 2018 | $1,699 | $1,248 | 15.1 | 3.4% | 29.1 | $351/mo | $261/mo | $577/mo | $414/mo | 6.2% |
| 2017 | $1,852 | $1,255 | 15.3 | 3.5% | 28.4 | $340/mo | $243/mo | $518/mo | $373/mo | 5.7% |
Montenegro compared with Southern Europe
| Country | Apartment price per m² (city centre) | Gross rental yield (city centre) | Price-to-income ratio | Mortgage interest rate (20-year fixed) |
|---|---|---|---|---|
| Montenegro | $2,343 | 6.3% | 12.3 | 6.5% |
| Albania | $2,304 | 4.8% | 14.1 | 5.4% |
| Bosnia and Herzegovina | $2,094 | 2.6% | 12.5 | 3.8% |
| Croatia | $4,018 | 3.3% | 13.4 | 3.8% |
| Greece | $2,918 | 3.9% | 13.6 | 4.6% |
| Italy | $4,911 | 4.2% | 10.7 | 4.2% |
| Kosovo | $1,677 | — | — | — |
| Malta | $3,806 | 5.3% | 11.4 | 5.0% |
| North Macedonia | $1,789 | 3.4% | 14.8 | 5.5% |
| Portugal | $3,523 | 6.4% | 12.6 | 3.8% |
Related
- Properties for sale in Montenegro (26,338)
- Mortgages in Montenegro for foreigners
- Montenegro market overview
- Tax rates in Montenegro
Prices, rents, yields and mortgage rates: Numbeo (crowd-sourced, national averages of city data). Values in US dollars.