Essential rental info

Furnished rental in Paris: price per m2 (square meter)

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Because of inflation, the rent price in Paris has risen by 3.50% in 2023, according to the new rent reference index (IRL) published on April 14, 2023. However, the rent cost can fluctuate frequently depending on location, property type, and market conditions.

What's the average rent per m2 in Paris in 2023?

As of our last update, the average rental price in Paris per square meter for a residential apartment rental is around 34 to 47 euros per square meter per month, according to the Paris Rental Agency.

The list below provides an overview of the average rental cost to rent an apartment in Paris based on the apartment size and whether it is furnished or unfurnished. Remember that these figures are average values and may vary based on specific locations within Paris and other factors such as the amenities provided, the furnishings, etc.

Average rental price per square meter for furnished apartments rental in Paris:

  • Rental price of a furnished Studio apartment (T1/1 pièce) in Paris:

The average rental price in Paris is 46.34 euros per square meter.

  • Rental price of a furnished 1-bedroom apartment (T2/2 pièces) in Paris:

The average rent price for a one-bedroom apartment in Paris is 40.83 euros per square meter.

  • Rental price of a furnished 2-bedroom apartment (T3/3 pièces) in Paris:

The average rent is 38.87 euros per square meter.

  • Rental price of a furnished 3-bedroom apartment (T4/4 pièces) in Paris:

The average rent is 39.30 euros per square meter.

Average rental price per square meter for unfurnished apartments in Paris:

  • Rental price of an unfurnished Studio apartment (1 pièce) in Paris:

The average rent is 41.28 euros per square meter.

  • Rental price of an unfurnished 1-bedroom apartment (2 pièces) in Paris:

The average rent is 31.1 euros per square meter.

  • Rental price of an unfurnished 2-bedroom apartment (3 pièces) in Paris:

The average rent is 35.77 euros per square meter.

  • Rental price of an unfurnished 3-bedroom apartment (4 pièces) in Paris:

The average rent is 34.61 euros per square meter.

What's Paris' average rent price per m2 by district in 2023?

This list below provides information about the average rent per square meter (m²) in several Paris arrondissements (districts) and the lower and higher price ranges within each district. 

Rent price in the 1st district (75001):

Average €39.10/m² with the lowest price of €27.6 and the highest price of €48.3 in the Vendome and the Palais Royal neighborhoods.

Rent price in the 2nd district (75002):

Average €37.95/m², with the lowest price of €27.6 and the highest price of €49.45. The Montorgueil neighborhood has the highest rent in the area. 

Rent price in the 3rd district - Haut Marais (75003):

Average €39.10/m², with the lowest price of €29.9 and the highest price of €50.60 in the Arts et Métiers neighborhood

Rent price in the 4th district (75004):

Average €39.10/m², with the lowest price of €31.05 and the highest price of €50.60. The Ile de la Cité and the Ile Saint Louis have relatively higher rent than the other neighborhoods.

Rent price in the 5th district (75005):

Average €36.80/m², with the lowest price of €29.90 and the highest price of €49.45 in the Sorbonne area.

Rent price in the 6th district (75006):

Average €40.25/m², with the lowest price of €32.20 and the highest price of €52.90 in the Odéon and Luxembourg area.

Rent price in the 7th district (75007):

Average €39.10/m², with the lowest price of €31.05 and the highest price of €50.60. The Invalides neighborhood has the highest rent price in the 7th district.

Rent price in the 8th district (75008):

Average €37.95/m², with the lowest price of €29.90 and the highest price of €50.60 in the Triangle d’Or area. 

Rent price in the 9th district (75009):

Average €36.80/m², with the lowest price of €27.60 and the highest price of €49.45. The Opéra area is relatively more expensive than the other neighborhoods in the 9th district of Paris.

Rent price in the 10th district (75010):

Average €34.50/m², with the lowest price of €39.10 and the highest price of €47.15 near the Canal Saint Martin & République neighborhood in the 10th district.

Rent price in the 11th district (75011):

Average €34.50/m², with the lowest price of €27.60 and the highest price of €46 in the Oberkampf neighborhood.

Rent price in the 12th district (75012):

Average €32.20/m², with the lowest price of €26.45 in the Bercy area and the highest price of €43.70 in the Aligre and the Jardin de Reuilly area.

Rent price in the 13th district (75013):

Average €32.20/m², with the lowest price of €25.30 and the highest price of €43.70 in Croulebarbe and Butte-aux-Cailles neighborhoods. 

Rent price in the 14th district (75014):

Average €33.35/m², with the lowest price of €26.45 and the highest price of €43.70. The north of the 14th district, like the Raspail-Montparnasse neighborhood, has higher rent than the south part, such as Porte de Vanves and the Montsouris Dareau area.

Rent price in the 15th district (75015):

Average €33.35/m², with the lowest price of €27.60 and the highest price of €43.70. The rent price in the 15th district varies a lot by area, among which the part close to the 7th district is relatively more expensive, such as Dupleix-Motte Picquet and Pasteur Montparnasse. The south part of the 15th district Georges Brassens area has the most affordable rent price.

Rent price in the 16th district (75016, 75116):

Average €36.80/m², with the lowest price of €29.90 in the Auteuil Sud and the highest price of €49.45 in the north of the 16th district, such as the Victor Hugo and the Chaillot neighborhoods.

Rent price in the 17th district (75017):

Average €34.50/m², with the lowest price of €27.60 in nearby Porte de Clichy and the highest price of €48.30 in premium neighborhoods such as Ternes and Courcelles - Wagram.

Rent price in the 18th district (75008):

Average €32.20/m², with the lowest price of €25.30 and the highest price of €42.55. The Montmartre neighborhood has the highest price in the 18th district.

Rent price in the 19th district (75019):

Average €29.90/m², with the lowest price of €23.00 and the highest price of €39.10. The Buttes-Chaumont and the Bas Belleville area are more pricey than the others.

Rent price in the 20th district (75020):

Average €31.05/m², with the lowest price of €31.05 and the highest price of €41.40 in the Belleville area.

However, please note that these approximate figures could have changed since. The 6th district stands out as the most costly area in Paris, with the 1st, 3rd, 4th, and 7th arrondissements following closely in terms of high rental prices. Conversely, the 19th district offers the most affordable rental prices among all areas in Paris, along with the 12th, 13th, and 18th districts. 

Below you'll find a rental price map for Paris. The intense orange coloring indicates higher rental costs in the area, while conversely, the greener shades indicate more affordable rents in the same place.

Paris rental price map

Nevertheless, it's important to note that areas with lower rental prices can be highly desirable with a unique charm. This blog reveals some delightful lesser-known neighborhoods in Paris that are worth considering.

 

Editor: Siyi CHEN

Sources: seloger, service public

Credit Photo@Bastien Nvs

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