**Limassol Remains Cyprus’ Most Expensive City for Renters**
Limassol continues to hold the title of the most expensive city for renters in Cyprus, despite indications that the rental market is stabilizing this year. In a recent interview with CyBC, Marinos Kynigeirou, president of the real estate registration council, expressed concerns regarding the high rental prices that persist across the island, particularly affecting families and students.
As of 2026, the average monthly rent for a one-bedroom apartment in Limassol ranges from €1,000 to €1,100. This starkly contrasts with rental prices in other major cities: Nicosia offers one-bedroom apartments for between €600 and €650, while Larnaca and Paphos see averages of €500 to €600 and €500 to €550, respectively. The disparity is even more pronounced for larger two-bedroom properties, where Limassol's average rent stands at €1,400 to €1,500, compared to €800 to €900 in Nicosia and €700 to €800 in both Larnaca and Paphos.
Kynigeirou noted that while rental costs remain high, the market appears to have entered a phase of stability, with no increases in rents reported for 2026. He attributed this stabilization to a rise in the supply of long-term rental properties. A notable factor contributing to this shift is the decrease in tourist numbers, which has led many property owners to transition from short-term holiday rentals to long-term leases. This change has increased the availability of housing options for residents.
Despite the stabilization, Kynigeirou highlighted the ongoing challenges faced by landlords, particularly regarding tenants who fail to meet their rental obligations. He called for legislative reforms aimed at strengthening protections for landlords, arguing that the current legal framework poses significant challenges for property owners in dealing with non-paying tenants.
In addition to addressing the legal aspects of renting, Kynigeirou urged parents and students seeking accommodation to engage only with registered and licensed estate agents. He warned that unlicensed operators continue to exploit prospective tenants, leading to serious complications during property transactions.
As the rental market evolves, the high costs in Limassol remain a pressing concern for many residents. The combination of increased supply and stable prices may offer some relief, but the call for enhanced legal protections and the importance of working with licensed professionals highlight the complexities of the current rental landscape in Cyprus.