Cyprus Rental Prices by City: What the Data Shows (2026)

Cyprus Rental Prices by City: What the Data Shows (2026)

This guide is current as of 5 November 2026. It sets out what apartments cost to rent in Nicosia, Limassol, Larnaca, Paphos and the Famagusta district of the Republic-controlled area, and, in separate sections, in the towns of North Cyprus (Girne/Kyrenia, Gazimağusa/Famagusta, İskele and Lefkoşa/Nicosia). Every figure carries a named source and a date, because Cyprus rental prices by city are reported by several bodies that measure different things: a statistical office tracks what sitting tenants pay, valuers estimate market rents for notional buildings, a ministry publishes reference rents, portals and consultancies count asking rents on listings, and a crowd-sourced database collects user reports.

By the end you will know which series is official, how far apart the published numbers are and why, what Eurostat’s rent index shows for Cyprus up to September 2026, how a gross yield is calculated from a rent and a price, and what the tax and tenancy rules say on each side of the island. North Cyprus has no official rent index, so its section uses attributed ranges only and says so. Nothing here is a forecast or a recommendation; the arithmetic is shown so that readers can rerun it with their own numbers.

Cyprus Rental Prices by City: The Short Version

Four findings about Cyprus rental prices by city hold across the sources used in this guide. First, the only official rent series, the rent item in Eurostat’s consumer price index, shows rents paid by tenants in Cyprus up 4.8% in the year to September 2026, against 2.6% for the euro area and 2.9% for the EU. Second, every source that reports city figures puts Limassol well above Nicosia, Larnaca and Paphos, with the size of the gap depending on the method: about 1.7 to 1.8 times Nicosia in the Ministry of Interior reference rents for flats, and about 1.9 times Nicosia in the Perprice asking-rent sample of October 2025. Third, the three cheaper cities do not keep a fixed order; Paphos is lowest in some sources and above Nicosia and Larnaca in others. Fourth, North Cyprus figures come from crowd-sourced and press sources only and sit lower in euro terms, but they are quoted in several currencies and the lira inflation rate matters for any lira lease.

How Cyprus Rents Are Measured and Why the Numbers Differ

A reader who searches for a rent in Limassol can meet figures from €1,000 to €3,057 a month for what sounds like the same thing. The spread is mostly method, not error. Six kinds of source appear in this guide, and each answers a different question.

Four details explain most of the gaps. Unit size changes the figure sharply: Landbank’s January 2025 asking rents for Limassol were €1,599 for one bedroom, €2,460 for two and €3,225 for three. Furnishing and location inside a city matter: the Perprice sample excludes penthouses, seafront and pool properties, units the study classes as upscale, and units over 200 m², while a general portal sample does not. Timing matters because listings change by season: Landbank’s Chief Executive said July sits in the peak rental demand period and that advertised apartments across the island had fallen from 3,257 in January 2025 to 1,390 in July 2025, a fall of 57% (1 – 1,390 ÷ 3,257 = 0.573). And an average of houses and apartments is not an apartment average; Landbank reported an island-wide average of €1,803 for apartments and €3,249 for houses in January 2025.

The practical rule used below for Cyprus rental prices by city is to quote each figure with its source type and date, to compare cities only within one source, and to treat differences between sources as differences of definition. The wider set of Cypriot price and rent indices is explained in our Cyprus real estate market statistics guide.

The Official Rent Index: What Eurostat Shows for Cyprus in 2026

Eurostat publishes the harmonised index of consumer prices (HICP) for every EU member, and its housing group contains an item called actual rental payments made for housing (code CP041). It is the closest thing to an official rent series for the Republic of Cyprus. It does not split by city, but it shows the direction of rents actually paid. The values below were read from Eurostat’s dissemination database (dataset prc_hicp_minr, updated 4 November 2026) and cross-checked against the St. Louis Fed’s republication of the same Eurostat series.

The arithmetic is simple. The index rose from 100.43 in September 2025 to 105.27 in September 2026, so the change is 105.27 ÷ 100.43 = 1.0482, or +4.8%. From December 2025 to September 2026 the rise is 105.27 ÷ 101.08 = 1.0415, or +4.1% in nine months. Cyprus moved from slightly below the euro area pace at the end of 2025 (2.7% against 3.0%) to well above it by the middle of 2026. The sub-item for main residences, which is almost the whole of the total, shows +4.9% for September 2026.

Against general inflation the picture is flatter. Eurostat’s all-items HICP for Cyprus was up 5.2% year on year in September 2026, so rents paid rose by 1.0482 ÷ 1.052 – 1 = about -0.4% in real terms: roughly level once general prices are taken into account. That reading is a calculation from two Eurostat series, not a figure Eurostat itself publishes.

This series conflicts with one widely repeated line, the claim that Cypriot rents have stopped rising in 2026. The Registration Council president, speaking to the Cyprus Broadcasting Corporation as reported by Cyprus Mail on 23 July 2026, said no increases in rents had been recorded in 2026. The statistical series shows gains in most months from January 2026 onward, with the index at 101.53 in January, 102.61 in February, 103.37 in March and 105.27 in September (it was level at 104.30 in July and August). Both statements are on record; the Eurostat series is the one with a published method and monthly dates.

RICS Q2 2026: Rental Values and Gross Yields in Five Urban Centres

The RICS Cyprus Property Index with KPMG in Cyprus is a quarterly index whose method was developed by the University of Reading. Accredited RICS valuers estimate the market value and market rent of notional buildings in Nicosia, Limassol, Larnaca, Paphos and Paralimni-Famagusta, and the index covers only the area under the Republic’s government control, not the north. The 2026 Q2 edition, summarised in a KPMG in Cyprus release and published as a PDF on the RICS site, reports the following for residential property.

Three points follow from the table. Apartment rental values rose faster than apartment market values (7.36% against 5.42%), which is why the gross yield on notional apartments moved from 5.41% to 5.51%. Houses yield far less than apartments on the same method, 3.01% against 5.51%, because house values are higher relative to the rent they command. And the RICS apartment rent figure of +7.36% is higher than the +4.8% in Eurostat’s series. That is a difference in what is measured: valuers estimate what a notional unit would let for in the market today, while the statistical series follows what tenants are paying, including those on older contracts.

The RICS summary also reports district patterns for sale values in Q2 2026: apartments showed their strongest performance in Larnaca, with variable gains elsewhere and Nicosia flat; houses grew in most districts with Larnaca and Paphos ahead. The RICS publication does not print rents for individual cities in the summary, so city rents come from the sources in the next section.

Cyprus Rental Prices by City: Limassol, Nicosia, Larnaca, Paphos and Famagusta

All figures in this section are monthly rents in euros for the Republic-controlled area. Each table names its source and date; do not mix figures between tables as if they were one dataset.

Ministry of Interior reference rents (flats)

The Ministry of Interior, using data from the Department of Lands and Surveys, publishes typical rents by municipality and unit size. The press reproduced the figures in August 2025 (Cyprus Property News, 30 August 2025) and again in May 2026 for data of March 2026 (Filenews article reproduced by Tala News, 29 May 2026). The table uses the March 2026 figures where the reproduction states them clearly, and the August 2025 report for Paphos.

On these reference rents a one-bedroom flat in Limassol (€1,050) is 1.75 times the Nicosia figure (€600), a two-bedroom is 1.76 times (€1,500 ÷ €850) and a three-bedroom is 1.72 times (€1,850 ÷ €1,075). Larnaca municipality sits above Nicosia on the one-bedroom (€725 against €600), which differs from the council-president averages below; the two sources are not the same sample.

Asking rents from listings

Landbank Analytics counts advertised apartments and publishes average asking rents. Its January 2025 report is on the Landbank Properties site; the July 2025 update was reported by Cyprus Mail on 15 July 2025. These are the most recent Landbank apartment tables found, so they are older than the other series in this guide.

Landbank’s July 2025 update, taken in the low-supply summer month, listed 1,013 apartments in Limassol, 191 in Nicosia, 128 in Larnaca, 54 in Paphos and a handful in the Republic-controlled part of Famagusta district. Its asking rents by size that month were €1,651, €2,574 and €3,812 for one, two and three bedrooms in Limassol; €1,070, €1,150 and €1,823 in Nicosia; €989, €1,274 and €1,498 in Larnaca; and €1,245, €1,441 and €1,983 in Paphos. Small samples such as Paphos’ 54 listings move a lot with the mix of units advertised.

A second listing-based sample comes from the Perprice study reported by Cyprus Mail on 24 October 2025. It covers standard apartments (under 200 m², no penthouses, seafront or pool properties, and no units the study classes as upscale) and compares 1 August with 1 October 2025.

In this sample Limassol’s all-size average (€1,931) is 1.89 times Nicosia’s (€1,022), and Paphos (€1,234) is 21% above Nicosia (1,234 ÷ 1,022 = 1.207) and 10% above Larnaca. The study’s author noted that the changes between the two dates may be seasonal. The ordering of Paphos, Larnaca and Nicosia differs from the ministry table and the council-president averages, which is the clearest example of why one source should be read on its own terms.

Stated averages for 2026

The most recent city-by-city statement comes from the Registration Council president, quoted by Cyprus Mail on 23 July 2026. The article presents them as his stated averages for the year to date, not a formal study. In an earlier interview (Cyprus Mail, 11 August 2025) he put Nicosia three-bedroom rents at €1,000-1,100.

Crowd-sourced figures (Numbeo, November 2026)

Numbeo is a database of user-contributed prices, so every figure depends on who reported. Its Cyprus country page and city pages were read on 5 November 2026; the update stamps were 4 November 2026 for the four Republic-side cities and 26 October 2026 for Kyrenia.

Numbeo’s Paphos and Larnaca one-bedroom centre figures (€1,131 and €907) are well above the council-president averages (€500-550 and €500-600), which shows how city-centre self-reports differ from municipality-wide averages. Numbeo and the other sources agree that Limassol is the highest-rent city of the four.

What each city’s data looks like in short

• Limassol: the highest rents in every source above, from €1,000-1,100 (one bedroom, stated averages) to €1,599-1,651 (one bedroom, asking rents, 2025) and €1,488 (Numbeo city centre). It also carries roughly half of the advertised stock: 1,473 of 3,257 apartments in January 2025 (45%) and 2,524 of 5,057 in the October 2025 Perprice count (49.9%).
• Nicosia: the lowest asking and crowd-sourced figures of the four main cities in most tables, with one-bedroom reference rents of €600 and stated averages of €600-650. The Registration Council president ties demand to the student population of the island’s largest educational centre.
• Larnaca: between Nicosia and Paphos in the asking tables, above Nicosia in the ministry table, and flagged by RICS as the district with the strongest apartment value growth in Q2 2026.
• Paphos: the lowest in the council-president averages and the ministry table, but above Larnaca and Nicosia in the Perprice and Numbeo samples. Listings are few (54 in July 2025, 298 in October 2025), so averages move with the unit mix.
• Famagusta district (Republic-controlled area): Ayia Napa and Paralimni flats at €450 (one bedroom), €575 (two) and €725-750 (three) in the ministry table; a Landbank all-size apartment average of €745 from 42 listings in January 2025. RICS covers it through Paralimni-Famagusta.

What Drives Rent Differences Between Cities

Published sources do not model rents statistically, so the drivers below are the ones named in the sources, not our own conclusions.

Supply of rental stock. The Landbank figures show how concentrated the advertised stock is. Limassol held 1,473 of the 3,257 apartments advertised in January 2025, and by July 2025 island-wide supply had fallen to 1,390 units, with Landbank noting that July is a peak demand month. Fewer listings in a month can raise asking averages without any change in what sitting tenants pay.

Student and institutional demand. The Registration Council president said in August 2025 that Nicosia is the island’s largest educational centre, with the most public and private universities, and that its rental market is directly influenced by the student population. He added that new housing and student-specific infrastructure help keep prices contained there.

Short-term versus long-term use. In July 2026 the same official said fewer tourists had led many owners to move from short-term holiday lets to long-term tenants, adding to the supply of long-term rentals. Tourism data that frame this are in our Cyprus tourism trends guide, which uses CYSTAT releases.

Unit mix and size. Cities differ in the share of one-, two- and three-bedroom units on offer. In Landbank’s January 2025 data a Limassol three-bedroom (€3,225) cost 2.4 times a Nicosia three-bedroom (€1,319), while the one-bedroom ratio was 2.4 as well (€1,599 ÷ €674 = 2.37). City averages that blend sizes therefore reflect the mix as well as price.

New construction. New apartments let at higher rents than older stock in most markets, and building volumes differ by district. The permit and completion series for each district are covered in our Cyprus building permits and construction guide; the rent sources used here do not separate new from older units.

Rent control on older tenancies. A Council of Ministers order under the Rent Control Law (23/1983) sets a 6% cap on rent increases for the period 22 April 2025 to 21 April 2027, according to Frangos Law’s note published on Legal 500 on 30 June 2025. It applies only to properties in controlled areas that were completed and let or offered for let by 31 December 1999 and are occupied by a statutory tenant, with at least two years since possession or the last adjustment. New market lets are outside it, so the cap does not explain city rent levels today.

Rents Versus Sale Prices in 2026

Sale prices and rents are reported by different bodies on different bases, and in 2026 they are moving at different speeds. The table lines up the latest figures for the Republic-controlled area.

The Central Bank figures were reported by Cyprus Mail on 24 September 2026, with district increases of 10.0% in Famagusta, 9.8% in Larnaca, 9.6% in Paphos, 7.8% in Limassol and 5.7% in Nicosia. The CYSTAT index was reported by Cyprus Mail on 30 September 2026. The sale indices measure transaction-linked or valuation-linked prices of houses and apartments, so they sit on a different base from rents.

What the numbers say, without interpretation: sale prices in the Central Bank series rose faster (8.5%) than rents paid (4.8%) in the latest year, while in the RICS valuer series apartment rents (7.36%) rose faster than apartment values (5.42%). Eurostat data for the EU, reported by Cyprus Mail on 2 October 2026, show rents up 3.0% year on year in the second quarter of 2026 across the EU. For how a resale purchase is priced and taxed, see our guide to buying resale real estate in Cyprus.

Gross Yield From Rent: Worked Examples

A gross yield is annual rent divided by the purchase price, before vacancy, costs and tax. It is the simplest link between Cyprus rental prices by city and a purchase price. The formula is: monthly rent × 12 ÷ price × 100.

Example 1: reported price and rent pairs

In its 11 August 2025 article, Cyprus Mail gave the Registration Council president’s purchase prices and rents for one-bedroom apartments: about €130,000 in Nicosia with rents of €600-650; a lowest price of €85,000 in Paphos with a lowest rent of €500; and a highest price of €170,000 in Limassol with a highest rent of €1,100. Applying the formula to those pairs:

The Paphos and Limassol rows pair the low end of one range with the low end of another, and the high end with the high end; they show the arithmetic, not a market average for either city. They are higher than the RICS figure of 5.51%, and the two rest on different bases: quoted prices and rents in a press interview on one side, valuer estimates for notional buildings on the other.

Example 2: from a published yield to money

RICS reports a gross yield of 5.51% for notional apartments in Q2 2026. On a value of €100,000 that is 100,000 × 5.51% = €5,510 a year, or 5,510 ÷ 12 = €459 a month. Read the other way, 100 ÷ 5.51 = 18.1 years of gross rent equal the value. For houses at 3.01% the same calculation gives 33.2 years. Numbeo’s Cyprus property page, updated 4 November 2026, gives a price-to-rent ratio of 16.98 for the city centre, which is 1 ÷ 16.98 = 5.89%.

Numbeo also reports city yields from user-reported prices and rents. Its property investment table (4 November 2026) shows these gross yields for the city centre and outside it.

These ratios are crowd-sourced and the RICS figure is valuer-based, so they should not be averaged together. Both show that a quoted rent turns into a yield only when divided by a price on the same basis, and that gross yield says nothing about costs or vacancy. For sale prices in the north, listing data are set out in our North Cyprus property prices by town guide.

Landlord Tax and Rules in the Republic of Cyprus (2026)

This section describes what published sources say about rental income in the Republic-controlled area for 2026. Rules differ by person, and the items below are the main published ones.

The primary tax texts are published by the Tax Department; the summaries above are from PwC’s Cyprus individual income determination page, the Andersen note on the 1 January 2026 reform, the RSM real estate overview, a KPMG Tax News Flash on the stamp duty repeal and a SigmaLive report on electronic rent payments. KPMG notes that the Tax Department’s announcement of 16 January 2026 replaced an earlier one of 7 January 2026.

Worked example: rent after income tax

The figures below use an illustrative €200,000 apartment let at €900 a month. They are chosen for arithmetic and are not a market quote. Annual gross rent is 900 × 12 = €10,800, a gross yield of 10,800 ÷ 200,000 = 5.40%. The deemed deduction of 20% is 10,800 × 0.20 = €2,160, leaving taxable rent of 10,800 – 2,160 = €8,640.

The middle row is worked step by step. Tax on €40,000: the first €22,000 at 0% is €0; the next €10,000 at 20% is €2,000; the last €8,000 at 25% is €2,000; total €4,000. Tax on €48,640 (€40,000 plus €8,640): €0, then €2,000 on the 20% band, then 10,000 × 25% = €2,500 on the 25% band, then (48,640 – 42,000) = €6,640 × 30% = €1,992; total €6,492. The extra tax is 6,492 – 4,000 = €2,492, and 10,800 – 2,492 = €8,308, which is 8,308 ÷ 200,000 = 4.15%. For the €80,000 row the whole €8,640 falls above €72,000, so the tax is 8,640 × 35% = €3,024.

The example leaves out the interest deduction, personal allowances, the 2.65% General Healthcare System contribution, vacancy, agent fees and repairs, because each depends on the landlord and the property. Those items reduce the net figure further; the example shows only how the deemed deduction and the bands change the result.

North Cyprus Rental Prices by City: What Exists and What Does Not

North Cyprus (the area administered by the Turkish Cypriot authorities, TRNC) has no official rent index comparable to the Eurostat series or the RICS index for the Republic. No official body reviewed for this guide publishes city-level rents for Girne, Gazimağusa, İskele or Lefkoşa. The TRNC Statistics Institute publishes a consumer price index, which showed prices up 35.02% in the twelve months to September 2026 in its release of 5 October 2026, but that release does not give a rent figure by town. The data below therefore come from a crowd-sourced database and a local news guide. Treat them as indicative ranges with their stated dates.

The SonDakikaCyprus guide, published on 16 April 2026, does not state its sampling method, and the “1+1” notation means one bedroom plus a living room. The Numbeo figures come from the Kyrenia (Girne) page, which also gives an average monthly net salary of €1,033 for the city; with only 12 contributors the sample is small. Comparing the two Girne sources, the Numbeo one-bedroom centre figure (€619) sits just above the upper end of the local guide’s €350-600 range.

On the Numbeo figure, a Girne one-bedroom in the centre at €619 compares with €703 in Nicosia and €1,488 in Limassol in the same database, a difference of 619 ÷ 703 = 0.88 and 619 ÷ 1,488 = 0.42. The Numbeo yield for Kyrenia (8.6% in the centre, with a price-to-rent ratio of 11.7) rests on the same self-reported inputs, and 1 ÷ 11.7 = 8.55%. Property prices on the northern listing pages that underlie sale-side comparisons are discussed in our North Cyprus property prices guide.

North Cyprus Tenancy, Tax and Currency Rules

The rules in this section are taken from TRNC legislation texts and a law-firm note, as of 5 November 2026. They apply to the area administered by the Turkish Cypriot authorities and not to the Republic.

Income tax on rent. The Income Tax Law (24/1982), in the consolidated text dated 25 May 2026 on the Tax Department website, provides in article 31(6) that 10% of the gross rent accrued, including any advance rent, on every kind of immovable property, furnished or not, is paid to the Tax and Revenue Department by the owner or representative. For individuals the tax paid this way is the final tax liability: it is not combined with other income, expenses are not deducted and it is not refunded. Under paragraph (C), a taxpayer with no income other than this rent has the monthly share of the annual exemption amount in article 12(1) deducted from the monthly gross rent before the 10% is applied; paragraph (Ç) says that deduction does not apply to people not resident in the TRNC. Where the owner’s total monthly rents are below the monthly minimum wage and there is no other income, the law allows an exemption with the Tax Department’s approval.

Stamp duty on a lease. Under the Stamp Duty Law (19/1963), consolidated text on the Tax Department website, a lease for a fixed term is charged as an agreement on the total rent, and the law places the duty on the tenant. The rate charged on an agreement is 5 per thousand (0.5%) on the first TL 89,000,000 of the sum involved. Our guide to renting out property in North Cyprus sets out the stamping steps and the foreign-currency conversion.

Registration. A law-firm note by Erginel Law, published on Legal 500 and dated 8 January 2024, states that a tenancy agreement must be registered with the Tax Office within 21 days and that stamp duty falls on the tenant. It also describes the documents required: the agreement signed by both parties and two witnesses, passport copies and a copy of the title deed or stamped sale contract. Title types and checks are in our North Cyprus title deed check.

Currency and the lira. The TRNC Statistics Institute reported consumer prices up 35.02% year on year in September 2026. A rent fixed in lira for twelve months therefore loses 1 – 1 ÷ 1.3502 = 25.9% of its purchasing power against prices measured by that index. Listings and guides for the north quote euros, sterling and dollars as well as lira, so the currency of a contract is worth checking. The consolidated tax text states a single 10% rate on gross rent and does not vary it by currency.

Worked example: Girne one-bedroom

Take a rent of €620 a month, rounded from Numbeo’s €619 for arithmetic only. Annual gross rent is 620 × 12 = €7,440. The 10% withholding, assuming no exemption or allowance applies, is 7,440 × 10% = €744 a year, or €62 a month. The tenant’s stamp duty on a 12-month fixed-term lease is 0.5% of the total rent: 7,440 × 0.005 = €37.20, converted at the official rate on the stamping date. After the 10% tax the owner keeps 7,440 – 744 = €6,696 before any costs. If the same flat were priced at 11.7 times annual rent, the price would be 7,440 × 11.7 = €87,048 and the gross yield 8.55%; that is an illustration of the ratio, not a price found on a listing.

Tenancy protection rules in the north are set out in our guide to renting out property in North Cyprus, linked above. For buyers weighing both sides of the island, the legal and tax contrasts are compared in North Cyprus vs South Cyprus property, with fees in North Cyprus property taxes and fees and foreign-ownership rules in can foreigners buy property in North Cyprus.

Cyprus Rental Prices by City on Both Sides of the Island

The two sides use different currencies in day-to-day contracts, different data sources and different tax mechanics, so a side-by-side table helps readers see what can and cannot be compared.

Comparing the numbers across the table in euros is possible but not like for like. The Republic-side crowd figure for Nicosia (€703) and the north’s Lefkoşa local-press range (€250-450) are different kinds of data, and the Kyrenia–Nicosia gap in Numbeo (€619 against €703) is much smaller than the gap between the local-press ranges for the two towns. Readers weighing the two sides should use the same type of source for both, which here means Numbeo only.

How to Check a Cyprus Rent Figure Before Using It

Whenever a Cyprus rent appears in an article, an agent’s brochure or a portal, the checks below show what it is.

1. Who measured it? A statistical office, a valuer, a ministry, a listing portal, a crowd-sourced database or an individual speaker. Each is in the first table of this guide.
2. What is the date? January 2025 asking rents (Landbank) and 2026 council statements are not interchangeable.
3. Is it asking or paid? Advertised rents are offers; the Eurostat index follows payments.
4. Which unit? One-, two- and three-bedroom units differ by a factor of two in Limassol (€1,599 against €3,225 in Landbank’s January 2025 data).
5. Which part of the city? City-centre and outside-centre figures in Numbeo differ by €183 for a Limassol one-bedroom (€1,488 – €1,305).
6. Furnished or not, new or older? The May 2026 press report of Ministry of Interior data says unfurnished new three-bedroom houses can reach €2,300 in some areas.
7. How many observations? Paphos had 54 advertised apartments in Landbank’s July 2025 count; Kyrenia has 12 Numbeo contributors.
8. What currency, and what tax? North Cyprus quotes in several currencies, and the tax on rent differs by side of the island.

The same checks apply to claims that a market has stalled or accelerated: look for a dated series with a stated method before relying on a general statement. Our Cyprus real estate market statistics page lists the price and rent series with their release dates.

Frequently Asked Questions

How much does it cost to rent an apartment in Cyprus in 2026?

Cyprus rental prices by city depend on the unit and the source. Stated averages for 2026 are €1,000-1,100 for a one-bedroom in Limassol, €600-650 in Nicosia, €500-600 in Larnaca and €500-550 in Paphos (Cyprus Mail, 23 July 2026). Ministry of Interior reference rents for flats give €1,050 in Limassol, €600 in Nicosia and €725 in Larnaca for March 2026. Asking-rent samples are higher, for example €1,409 for a one-bedroom in Limassol in October 2025 (Perprice).

Are rents in Cyprus still rising?

No official series reports Cyprus rental prices by city, but Eurostat’s rent item for Cyprus rose 4.8% in the year to September 2026, from 100.43 to 105.27 on a 2025 base, compared with 2.6% in the euro area. The RICS valuer index shows apartment rental values up 7.36% in Q2 2026. One official said in July 2026 that no increases had been recorded that year; the monthly series rose in most months of 2026 and was level between July and August, so the two statements point in different directions.

Which city has the highest rents in Cyprus?

Limassol, on every measure of Cyprus rental prices by city used in this guide: €1,931 against €1,022 in Nicosia for the all-size Perprice average of October 2025, and €1,488 against €703 for a city-centre one-bedroom in Numbeo on 4 November 2026. The order of the other cities changes by source.

Is North Cyprus cheaper to rent than the south?

Cyprus rental prices by city in the north are lower in euro terms in the sources available. Numbeo gives €619 for a one-bedroom in central Kyrenia against €703 in Nicosia and €1,488 in Limassol, and a local news guide gives €200-400 for a one-bedroom in central Gazimağusa. These sources differ in method and sample, and the north has no official rent index, so the comparison is indicative. Rents in the north are quoted in lira, euro, sterling and dollars.

What is the gross rental yield on Cyprus apartments?

For Cyprus rental prices by city turned into yields, RICS reports 5.51% for notional apartments in Q2 2026, up from 5.41% a year earlier, and 3.01% for houses. Numbeo’s crowd-sourced city-centre yields range from 5.2% in Larnaca to 6.4% in Limassol, with 8.6% for Kyrenia. Gross yield is annual rent divided by price and ignores costs, vacancy and tax.

How is rental income taxed in the Republic of Cyprus in 2026?

Individuals are taxed at the progressive bands (0% to €22,000, then 20%, 25%, 30% and 35%) on gross rent less a deemed 20% deduction, according to PwC and Andersen. The Special Defence Contribution on rent ended from 1 January 2026, and RSM reports a General Healthcare System contribution of 2.65%. The worked example above shows €8,640 of taxable rent from €10,800 gross.

Is there stamp duty on a rental contract in Cyprus?

In the Republic, the Stamp Duty Laws were repealed from 1 January 2026 by Law 239(I)/2025, so a lease first signed in 2026 is outside them; documents signed by a party on or before 31 December 2025 follow the older procedures (KPMG, January 2026). In North Cyprus, a fixed-term lease is charged at 0.5% of total rent and the tenant pays under the Stamp Duty Law.

Does Cyprus cap rent increases?

Only for certain older tenancies. A Council of Ministers order under the Rent Control Law sets a 6% cap from 22 April 2025 to 21 April 2027 for controlled-area properties completed and let by 31 December 1999 that are occupied by a statutory tenant. New market leases are not covered, according to Frangos Law (30 June 2025).

Can rent be paid in cash in Cyprus?

From 1 July 2026, rent for property in the Republic must be paid by electronic methods such as bank transfer or card, according to a Tax Department reminder reported by SigmaLive on 3 June 2026. The report describes no minimum amount. Sources for North Cyprus used here do not cover payment method.

Last checked: 5 November 2026. Sources: Eurostat HICP database (prc_hicp_minr); FRED, Eurostat rent series for Cyprus; RICS Cyprus Property Index with KPMG, 2026 Q2; KPMG in Cyprus press release, August 2026; Landbank rental market overview, January 2025; Cyprus Property News, 30 August 2025; Tala News, 29 May 2026; Cyprus Mail, 23 July 2026; Cyprus Mail, 24 October 2025; Numbeo, Cyprus rent prices; Cyprus Mail on the Central Bank index, 24 September 2026; PwC Worldwide Tax Summaries, Cyprus; TRNC Income Tax Law 24/1982, consolidated 25 May 2026; SonDakikaCyprus, 16 April 2026.