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Latest publication: Rents of dwellings 2021, 4th quarter

Published: 5 August 2021

Non-subsidised rents increased in most parts of Finland

Non-subsidised rents continued to rise in most parts of Finland between April and June 2021. According to Statistics Finland, non-subsidised rents increased in Greater Helsinki and in the rest of Finland by 0.9 per cent in the second quarter of 2021 compared with one year ago. The rents of non-subsidised rental dwellings rose most in Turku (1.6 %) and Tampere (1.4 %) and least in Jyväskylä (0.1 %) and Pori (0.1 %). Non-subsidised rents decreased only in Mikkeli (–0.2 %).

The development of rents in non-subsidised rental dwellings, index 2015=100

The development of rents in non-subsidised rental dwellings, index 2015=100

Compared with 2015, non-subsidised rents have risen most in Kerava (10.5 %) and Turku (10,2 %). The rise in rents has been lowest in Seinäjoki (3.3 %) and Hämeenlinna (4.3 %). In Greater Helsinki, rents have risen by 8.7 per cent and in the rest of the country by 7.0 per cent from 2015.

Rents for government-subsidised rental dwellings have increased by 8.7 per cent in Greater Helsinki and by 6.4 per cent in the rest of Finland from 2015. Rents for government-subsidised rental dwellings have risen most in Kuopio (11.1 %) and least in Rovaniemi (2.4 %)

Rents for non-subsidised rental dwellings, 2nd quarter 2021

Region Index 2015=100 Quarterly change in index, % Yearly change in index, % Number* Rent per square meter (euro/m²) Rent for new tenancies (euro/m²)
Whole country 107.7 0.5 0.9 130 672 15.1 16.1
Greater Helsinki 108.7 0.5 0.9 45 331 20.2 21.0
Rest of the country (whole country - Greater Helsinki) 107.0 0.6 0.9 85 341 13.0 13.7
Helsinki 108.6 0.4 0.9 25 972 21.5 22.3
Helsinki 1 106.9 0.1 0.7 3 991 23.2 24.8
Helsinki 2 108.6 0.2 0.7 10 265 22.4 23.0
Helsinki 3 106.9 0.2 0.8 3 062 20.1 20.4
Helsinki 4 111.3 1.0 1.5 8 654 18.8 19.4
Espoo-Kauniainen 108.0 0.5 1.0 8 758 18.4 19.2
Vantaa 110.0 0.8 1.0 10 601 18.1 18.7
Satellite municipalities 108.1 0.9 0.9 5 608 15.1 15.6
Tampere 109.3 0.9 1.4 12 333 15.5 16.3
Turku 110.2 0.7 1.6 9 928 14.6 15.5
Lahti 104.6 0.7 0.4 4 510 13.5 13.8
Kuopio 107.8 0.7 0.6 3 891 14.5 14.9
Jyväskylä 106.1 0.3 0.1 6 078 14.4 14.5
Oulu 108.3 0.7 1.2 7 410 13.5 13.9
1) * Number of observations included in the index calculation

In non-subsidised rental dwellings, the highest average rent levels are found in Helsinki (EUR 21.5 per m²), Espoo (EUR 18.4 per m²) and Vantaa (EUR 18.1 per m²). The lowest rents are in Kouvola (EUR 10.9 per m²), Rauma (EUR 11.0 per m²) and Pori (EUR 11.2 per m²).

In new tenancies signed during the past six months, the average price of a rented square metre of a one-room flat was EUR 27.4 per m² in Helsinki, EUR 20.0 per m² in Tampere and EUR 19.0 per m² in Turku. The average price of a rented square metre of a two-room flat was EUR 20.7 per m² in Helsinki, EUR 15.2 per m² in Tampere, and EUR 14.4 per m² in Turku, while the average price of a rented square metre of a three-room or larger flat was EUR 19.2 per m² in Helsinki, EUR 13.7 per m² in Tampere and EUR 13.0 per m² in Turku.

The median rent for a non-subsidised one-room flat was EUR 809 in the centre of Helsinki, EUR 583 in the centre of Tampere and EUR 515 in the centre of Oulu. The median rent for a family dwelling, i.e. a three-room or larger flat, was EUR 1,634 in the centre of Helsinki, EUR 1,070 in the centre of Tampere and EUR 940 in the centre of Oulu.

These data derive from Statistics Finland's quarterly statistics on rents of dwellings, which are based on data from the Social Insurance Institution’s housing aid register and private rental housing companies.


Source: Rents of dwellings, Statistics Finland

Inquiries: Elina Peltoniemi 029 551 3088, Elina Vuorio 029 551 3385, asuminen.hinnat@stat.fi

Head of Department in charge: Hannele Orjala

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Updated 5.8.2021

Referencing instructions:

Official Statistics of Finland (OSF): Rents of dwellings [e-publication].
ISSN=1798-1018. 2nd quarter 2021. Helsinki: Statistics Finland [referred: 19.5.2022].
Access method: http://www.stat.fi/til/asvu/2021/02/asvu_2021_02_2021-08-05_tie_001_en.html