Azerbaijan Housing Rents Rise 5.7% Year Over Year

Housing rents in Azerbaijan were 5.7% higher in September than a year earlier, while prices increased another 1.9% from August.

The figures were published in the Central Bank of Azerbaijan’s monetary policy review for the first nine months of 2026, according to Vesti Baku.

New-Build Apartments Record Faster Increase

The strongest monthly increase was recorded in new residential complexes. Rents for apartments in new-build properties rose 3.1% in September compared with August.

Growth in older housing stock was more moderate, with rents increasing 1.1% over the month. The overall rental price index rose 1.9%.

The annual figures show that rental housing costs continue to climb. Compared with September 2025, tenants were paying an average of 5.7% more.