Cyprus continues to attract investors, families, and professionals due to its favourable tax environment, Mediterranean lifestyle, and robust real estate market. However, rental prices and apartment availability vary significantly by region, as highlighted in the latest market analysis for July 2025.
In this article, we will explore:
Current rental trends and average prices across key districts including Limassol, Larnaca, Nicosia, Paphos, and Famagusta. Insights into apartment availability and market demand. How these trends can inform your property investment strategy. Limassol Tops Rental Prices with Highest Demand Limassol remains Cyprus's most expensive city for rentals, with average rents reaching €3,057 per month. It also hosts the largest supply of apartments, notably two-bedroom units which constitute almost half of the available listings (502 units).
Why Limassol?
High rental demand from expats, professionals, and businesses. Strong price growth driven by ongoing development and infrastructure improvements. Average rents range from €1,651 for one-bedroom units to €7,750 for five-bedroom luxury apartments. Larnaca Remains Most Affordable Larnaca stands out as the most affordable rental market in Cyprus, with an average monthly rent of €1,277. Two-bedroom apartments dominate listings here (92 units), appealing primarily to smaller families and young professionals.
Why Larnaca?
Cost-effective housing with growing demand. Rising potential due to new infrastructure and increased tourism. Rents start from €989 for one-bedroom units, making it ideal for budget-conscious tenants and investors. Nicosia: Balanced Rental Options Nicosia provides balanced rental options catering to students, families, and professionals. The capital recorded 90 available two-bedroom apartments and 63 three-bedroom units, with average rents ranging from €1,070 for one-bedroom apartments to €1,823 for three-bedroom apartments.
Why Nicosia?
Steady rental demand from students and professionals. Affordable yet stable rental market, particularly attractive for shared accommodation. Paphos: Attractive Coastal Living Paphos combines scenic coastal living with reasonable rental prices, primarily attracting retirees, expats, and holidaymakers. Two-bedroom apartments (34 units) are particularly active in this market.
Why Paphos?
Popular among retirees and expats. Good rental potential with average rents from €1,245 for one-bedroom apartments to €1,983 for three-bedroom units. Famagusta: Highly Competitive Market Famagusta offers very limited rental availability, with only four apartments listed in July, particularly highlighting three two-bedroom apartments averaging €2,150. This scarcity drives rental prices higher, indicating a competitive market for investors.
Why Famagusta?
High rental yields due to tourist demand. Limited supply driving competitive pricing. Key Insights for Property Investors and Renters The current rental market situation across Cyprus highlights significant opportunities and challenges:
High Competition: Limited availability island-wide, particularly during peak seasons, demands proactive decision-making.Strategic Investments: Consider areas like Larnaca for affordability and Limassol for premium investment opportunities.Rental Yields: High-demand cities like Limassol and Famagusta promise stronger rental yields, despite higher entry prices.Why Expert Legal Support Matters Investing or renting in Cyprus requires careful legal and strategic planning. At Clover, we offer comprehensive legal support and connect you with trusted developers and partners. Our services ensure your property decisions are informed, secure, and profitable.
Ready to explore your property options in Cyprus? Clover is here to help you navigate the rental and investment landscape confidently and securely.
Contact our team to start your property journey today.
