Long-term Rental Prices in Montenegro

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Tivat Heights Residence, Montenegro - panoramic terrace sea view Tivat Bay

 Long-term Rental Prices in MontenegroAre you considering a move to Montenegro? Planning to escape the hustle and bustle and enjoy the beautiful landscapes of this Balkan gem year-round? One crucial aspect of your relocation is finding the right long-term rental accommodation that suits your needs and budget. In this comprehensive guide, we will delve into the long-term rental prices in Montenegro’s coastal areas, the capital city, and the northern regions. From the stunning Adriatic coastline to the charming mountain towns, Montenegro offers a variety of rental options for those seeking an escape from city life.

Long-term Rental Prices in Montenegro’s Coastal Areas

Montenegro’s coastal areas are renowned for their breathtaking beauty, pristine beaches, and crystal-clear waters. From the vibrant Budva to the tranquil Herceg Novi, each coastal town has its unique charm. When it comes to long-term rental prices, you can expect variations depending on the popularity of the location and the proximity to the sea. On average, prices in 2023 are as follows:

Montenegro’s Capital City: Podgorica

Podgorica, Montenegro’s capital city, offers a blend of modernity and tradition. As the country’s economic and cultural hub, it attracts residents from different walks of life. The long-term rental prices in Podgorica are generally more affordable compared to the coastal areas. A studio would cost €200 to #350. A one-bedroom apartment in the city center can cost around €300 to €500 per month, while outside the city center, prices might range from €250 to €400 per month. For larger apartments or houses, you can expect prices starting from €500 and going up to €1,500 per month. More offers of long-term lets in Podgorica can be seen on this site.

Montenegro’s Northern Regions

If you are looking for a more serene and mountainous setting, Montenegro’s northern regions offer a tranquil escape. Towns like Kolasin and Zabljak are popular among nature lovers and outdoor enthusiasts. Long-term rental prices in the north are generally more budget-friendly compared to the coastal areas and the capital city. A one-bedroom apartment might cost around €250 to €450 per month, while larger properties can range from €400 to €800 per month. Explore prices for long-term lets in the Northern part of Montenegro on this site.

Factors Affecting Long-term Rental Prices in Montenegro

Several factors influence the long-term rental prices in Montenegro. Firstly, the location plays a crucial role, with coastal areas and popular tourist destinations typically demanding higher rents. Secondly, the size and type of the property can significantly impact the monthly rental cost. Additionally, the rental duration and the time of the year can also affect the pricing, with lower rates often available for long-term rentals and during the offseason.

Tips for Finding Affordable Long-term Rentals in Montenegro

  1. Plan Ahead: Start your search well in advance, allowing you to explore various options and secure the best deal. Consult with well established agencies specialised in Long-Term Rentals. Established in 2009, Rentals Montenegro, can help you find out what is best for you. Montenegro may be small, there are many different atmospheres, and experienced agents will be able to recommend which area is best for you.
  2. Consider Offseason Rentals: If you have the flexibility, opt for offseason rentals as they often come with more affordable rates. If you have the flexibility, it might be better to rent from October to May, on the coast. You may want to spend summer season in the mountains, where the air is cooler and with a less busy environment, compared to the coast which tends to be over-crowded from early July to the end of August. This way you can optimise your budget and enjoy different beautiful sceneries.
  3. Explore Different Locations: Don’t limit yourself to one area; explore various regions to find the best balance between price and amenities.
  4. Negotiate with Landlords: Inquire about the possibility of negotiating the rental price, especially for long-term contracts. If it often possible to get good discounts if you are able to pay several months in advance.
  5. Use Local Resources: Check local classifieds, websites, and connect with real estate agents familiar with the area. Join the “Word of Mouth” expat group on facebook to ask other expats who live in Montenegro for several years about their opinion regarding locations.

Buying instead

If you are ready to settle for good, why not explore the option to purchase a property? If your favorite location is the Kotor and Tivat areas, then why not explore the Mini Condos & My Tiny House offers here.

Conclusion

Finding the perfect long-term rental in Montenegro doesn’t have to be a daunting task. By understanding the rental prices in different regions and considering the factors that influence them, you can make an informed decision that fits your budget and lifestyle. Whether you choose the coastal areas, the capital city, or the northern regions, Montenegro offers a diverse range of options for year-round living in this Balkan paradise.

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