Istanbul's Rent Prices Hit 45,000 TL: 20,000 TL Above National Average

A new price shift has emerged in Turkey's rental housing market. According to real estate valuation expert Ahmet Büyükduman's July 2026 data, the median rent for a rental apartment in Turkey stands at 25,000 TL. This figure reached 45,000 TL in Istanbul, 35,000 TL in Muğla, 31,000 TL in Ankara, and 29,000 TL in Izmir. Meanwhile, Antalya and the national average both settled at 25,000 TL. Istanbul's 45,000 TL median rent represents a 20,000 TL increase over the national average, highlighting significant price disparities, particularly in Istanbul, Muğla, and Ankara. The 'median rent' used in the study represents the middle value when all rents are sorted from lowest to highest, meaning 25,000 TL in Turkey indicates that half of listings are below and half above this level.

The rising cost of renting in Turkey reflects both economic conditions and the imbalance between supply and demand in major cities. This trend is particularly impacting younger generations and threatening the long-term stability of the market.