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Renting in Germany: The big price comparison between districts!
Find out everything about the rental prices in the Lehel district of Munich, the current trends and differences in Germany.
Renting in Germany: The big price comparison between districts!
Rents in Germany could hardly be more different. The range is enormous and, depending on the district, the quality of living is hotly contested. A look at the rental prices shows that Munich, at the gates of its citizens, seems to have the highest expectations. Loud fnp.de The Hackenviertel in Munich tops the list of the most expensive districts with a whopping 27.78 euros per square meter. For comparison: the cheapest district in Germany, Kemminghausen in Dortmund, costs just 5.39 euros. A difference of over 22 euros per square meter – there’s something there!
The top 10 most expensive districts in Munich are led by the Hackenviertel, followed by other popular locations such as the English Garden South and Lehel. These neighborhoods are known for their excellent connectivity and quality of life, which makes them attractive to many renters. The table lists the most expensive districts in Munich:
| rank | district | Rental price per square meter |
|---|---|---|
| 1 | Hackenviertel | 27.78 euros |
| 2 | English Garden South | 27.40 euros |
| 3 | Lehel | 26.93 euros |
| 4 | Schwanthalerhöhe | 26.76 euros |
| 5 | Upper Au | 26.30 euros |
| 6 | HafenCity (Hamburg) | 26.10 euros |
| 7 | Schwabing East | 25.93 euros |
| 8 | Glockenbach | 25.74 euros |
| 9 | Neufreimann | 25.24 euros |
| 10 | Munich Freedom and Gravity Reiter Street | 25.00 euros |
Growing rental problem
In recent years, rents in major German cities, and especially in Bavaria, have increased dramatically. Munich hasn't covered itself in glory either: on average, tenants there pay over 1,389 euros for a 50 square meter apartment, while the cheapest place in Dortmund only costs 282 euros. These enormous price differences are no coincidence, as demand often exceeds supply. In particular, the combination of low-cost new construction and high living standards attracts many people, which in turn causes rental prices to rise.
In order to counteract the problem, Federal Justice Minister Stefanie Hubig (SPD) is planning to expand the rent cap. This measure aims to provide relief for tenants so that an end to the price spiral is in sight. Zeit.de reports, however, that these advances are met with resistance. The Federal Association of German Housing and Real Estate Companies (GdW) sees the plans as a hurdle for new housing construction and speaks of a breach of trust.
Rent control and new construction
Current trends in the housing market show that the construction of new apartments urgently needs to be boosted in order to reduce rental price pressure. In the last twelve years, rents in some inner-city districts of Berlin have even increased by around 180 percent. The federal government is responding to these alarming developments by focusing on more measures to promote new construction. However, effects can only be expected in the long term, while short-term improvements are hardly in sight.
In the neighboring federal states the picture doesn't get much easier: in Baden-Württemberg the most expensive districts are Stuttgart, Heidelberg and Freiburg im Breisgau, while the cheapest surrounding area in Huchenfeld (Pforzheim) has 9.89 euros per square meter. Such prices can only be dreamed of in Munich.
In the future, it remains to be seen whether the federal government's intended plans will actually bring the hoped-for relief. In the meantime, many Munich residents have nothing left but the hope of a good hand when looking for an apartment.