Saturday, 18 April 2026
Rents across the Czech Republic declined slightly in the first quarter of 2026 compared with the end of last year, although year-on-year growth remains significant, according to data from Bezrealitky.cz.
Average asking rents fell by around 2 percent quarter-on-quarter to CZK 365 per sqm, while increasing by 13 percent compared with the same period last year. The data suggests that rental price growth is slowing, with some signs of stabilisation emerging across the market.
According to the analysis, supply levels are gradually increasing, while demand is becoming more constrained by affordability. Hendrik Meyer, head of the EEC Group, said the market is adjusting to more price-sensitive tenants.
“They have a clear budget and have no problem sharing it with apartment owners. By increasing the number of apartments on offer, sooner or later they will come across someone who will make a concession in price rather than look for a tenant for another month and thus lose a twelfth of the annual profit,” Meyer said.
Among major cities, Prague remains the most expensive rental market. Average rents reached approximately CZK 456 per sqm in the first quarter, equivalent to around CZK 27,350 per month for a 60 sqm apartment. Prices increased both quarter-on-quarter and year-on-year, with annual growth reaching up to 14 percent. Demand also remains strong, with an average of 45 applicants per listing.
In the surrounding Central Bohemian Region, rents declined by around 5 percent compared with the previous quarter, although they rose by 13 percent year-on-year. Average rents stood at CZK 309 per sqm. While towns closer to Prague continue to record increases, more distant locations such as Příbram or Rakovník saw declines.
In Brno, rents were largely stable for a third consecutive quarter, averaging CZK 346 per sqm, with a slight quarterly decrease of around 1 percent. Meyer noted that supply growth is influencing the short-term trend.
“The current situation does not mean that rents in Brno will not increase in the long term. The optics of comparisons during the rolling year grew by 12 percent. However, the market is responding to the current growing number of apartments on offer, which is increasing with each passing month,” he added.
Elsewhere, the largest quarter-on-quarter decline was recorded in Olomouc and its surrounding area, where rents fell by around 11 percent, although they remain higher than a year ago.
Overall, while rents have not declined on an annual basis in any major city, the first quarter data indicates a shift towards a more balanced market, with affordability constraints and rising supply beginning to moderate price growth.
