More Apartments, Lower Rents: Poland’s Rental Market Shows Signs of Cooling

REAL ESTATEMore Apartments, Lower Rents: Poland’s Rental Market Shows Signs of Cooling
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The first quarter of 2025 saw a significant rebound in the number of unique rental listings across Poland. Experts from the property portal GetHome.pl analyzed the rental market situation in the country’s seven largest cities.

“Due to the seasonal nature of the rental market, the growing number of available apartments at this time of year shouldn’t come as a surprise. However, few expected the increase to be quite so spectacular,” said Marek Wielgo, an expert at GetHome.pl.

According to data from the Adradar real estate search engine, around 19,300 rental units were available in Warsaw in March – a 54% increase compared to the end of last year. Kraków saw an even larger surge, with the number of listings rising by 63% in Q1, reaching 8,300 apartments. In Wrocław, Poznań, and Katowice, rental offers grew by more than 50% – to 6,200, 3,700, and 2,400 units, respectively. Łódź followed with a 40% increase (3,400 apartments), while Gdańsk recorded a modest 6% rise and even saw a drop in listings in March.

Wielgo noted that last year began with a decrease in average rental prices across major cities. Was it the same this year? Data from GetHome.pl shows that the median monthly rent dropped by 10% in Warsaw (to approx. PLN 4,300), by 6% in Katowice (to approx. PLN 2,000), by 5% in Łódź (to approx. PLN 2,100), by 3% in Wrocław (to approx. PLN 2,900), and by 2% in Poznań (to approx. PLN 2,600). Meanwhile, the median rent in Gdańsk rose by 1% (to approx. PLN 3,000), and in Kraków by 3% (to approx. PLN 3,100) – although in the latter city, March brought a 3% month-on-month decline.

Why use the median rather than the average? Wielgo explained that the median better reflects a “typical” rent price, as it isn’t skewed by extremely high or low rents, which are common in the market.

He also pointed out that the level of price changes varied depending on the number of rooms. For instance, median rents for studio apartments fell in Warsaw, Kraków, Wrocław, and Katowice in Q1. Two-room apartments became cheaper only in Warsaw and Gdańsk, while three-room units dropped in price in Kraków and Poznań.

Will this downward trend continue in the coming months? Last year was dominated by rent increases due to rising tenant demand. And as is the case every autumn, the influx of students to the rental market caused a significant supply crunch.

“This year, that scenario may not repeat. There are already more apartments available for rent nationwide than there were in September of last year, right before the market was hit by a supply shock. Additionally, mortgage accessibility is likely to improve, meaning some renters might switch to buying and swap rent payments for loan installments,” commented Marek Wielgo.

Author: Marek Wielgo, GetHome.pl expert
Source: CEO.com.pl

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