Rents pace of growth in Munich has slowed compared to earlier periods. However, the market remains highly competitive, particularly for well-located and modern apartments, with upward pressure still visible in most new listings.
This movement has been driven by persistently low vacancy levels, limited new housing supply, and sustained demand from professionals, students, and international tenants. At the same time, Munich continues to show a structural gap between lower legacy contract rents and significantly higher new-let prices, which keeps headline averages elevated even when growth moderates.
The current median rent in Munich is approximately €22–€23 per square metre per month, reflecting its position as the most expensive rental market in Germany.
Apartment listings
Below are some recent listing examples. The Munich rental market is fast-pacing and it might happen that some of these listings and no longer available.
Rent: €1,360 per month
Sqm: 34 m²
Rent: €2,040 per month
Sqm: 79 m²
Rent: €2,520 per month
Sqm: 80 m²
Rent: €3,100
Sqm: 110 m²