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Record rent in Munich: 59 m² for an incredible 2,550 euros cold!
Maxvorstadt: Record rent for 60 m² apartment - Discover the catastrophic rental prices and current developments in Munich.
Record rent in Munich: 59 m² for an incredible 2,550 euros cold!
Munich remains undisputedly the most expensive place for rental apartments in Germany. A current example is causing a stir because a maisonette apartment on Isabellastrasse is being offered for an impressive rent of 2,550 euros. With a living area of 59.45 square meters, the price per square meter is an incredible 42.89 euros. For comparison: loud Real estate scout24 The average price per square meter for rental apartments in Munich is 20.05 euros. This makes it clear that rents here are literally going through the roof.
In the sought-after area of the old cemetery, apartments cost an average of 24.08 euros per square meter, which further reinforces the high demands placed on Isabellastraße. The additional costs are 204 euros and the heating costs are 85 euros, which results in a total rent of 2839 euros. A nice sum that will probably make many tenants sweat. The deposit regulation is no picnic either, as three net rents are due when you move in.
Smartly equipped and ideally located
But what do you get for this high price? The apartment is part of a newly built wooden residential building in the inner courtyard of a listed old building. In addition to a balcony and a high-quality fitted kitchen, the apartment has underfloor heating and a cellar compartment. A special highlight: There is a private electric socket for bicycles in the inner courtyard. For many, this is an advantage that should not be underestimated, especially in a city where cycling is becoming increasingly popular.
The advertisement advertises the apartment as having a beautiful environment in a mature neighborhood characterized by cafés and restaurants. However, there is a small flaw, as the apartment is misleadingly described as being in Schwabing, but is actually in Maxvorstadt - a detail that may not immediately catch the eye of potential tenants.
A look at the rent index
The rising rents in Munich cannot be overlooked and are subject to clear regulations. Loud City of Munich Qualified rent indexes must be adjusted every two years in accordance with Section 558 d of the German Civil Code (BGB). The rent index is currently being revised for 2025, which indicates that tenants should keep an eye out for further developments. All privately financed apartments whose rental prices were newly set between February 2018 and January 2024 are particularly relevant for the calculation. The city council itself decided in 2011 to recreate the rent index every two years - so the next step is just around the corner.
In this tense rental landscape, it remains to be seen whether the exorbitant price demands are actually tied to the market or are just the tip of the iceberg. For potential tenants it is more important than ever: keep your eyes open when looking for an apartment!