Published: 22 April 2021

Rise in non-subsidised rents slowed down year-on-year

Annual changes in rents of non-subsidised rental dwellings across the country have fallen compared to annual changes in 2020. Rents of non-subsidised rental dwellings increased by 0.9 per cent in Greater Helsinki and by 0.6 per cent in the rest of Finland in the first quarter of 2021 compared with one year ago. Rents of non-subsidised rental dwellings increased most in Turku (1.4%) and Porvoo (1.1%). By contrast, non-subsidised rents decreased most in Hämeenlinna (-0.5%) and Riihimäki (-0.4%).

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 Turku (9.4%) and Kerava (9.3%). The rise in rents has been lowest in Seinäjoki (3.1%) and Hämeenlinna (3.4%). In Greater Helsinki, rents have risen by 8.2 per cent and in the rest of the country by 6.4 per cent from 2015.

Rents for non-subsidised rental dwellings, 1st 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 107.1 0.1 0.7 141 726 15.0 15.9
Greater Helsinki 108.2 0.1 0.9 47 566 20.1 21.0
Rest of the country (whole country - Greater Helsinki) 106.4 0.0 0.6 94 160 12.9 13.4
Helsinki 108.2 0.2 0.9 27 711 21.3 22.4
Helsinki 1 106.8 0.4 0.8 4 356 23.1 24.8
Helsinki 2 108.4 0.1 0.9 11 101 22.3 23.2
Helsinki 3 106.7 0.2 0.9 3 239 20.0 21.0
Helsinki 4 110.2 0.1 1.0 9 015 18.6 19.3
Espoo-Kauniainen 107.4 0.1 0.9 9 044 18.3 19.2
Vantaa 109.1 -0.1 0.7 10 811 18.0 18.2
Satellite municipalities 107.1 -0.1 0.4 6 025 14.9 15.5
Tampere 108.4 0.2 1.0 13 246 15.4 16.1
Turku 109.4 0.2 1.4 10 738 14.5 15.3
Lahti 103.9 -0.1 -0.1 4 896 13.4 13.5
Kuopio 107.1 -0.1 0.2 4 240 14.4 14.4
Jyväskylä 105.7 -0.2 -0.1 6 602 14.3 14.2
Oulu 107.5 0.1 0.8 8 054 13.4 13.6
1) * Number of observations included in the index calculation

In non-subsidised rental dwellings, the highest average rent levels are found in Helsinki (EUR 21.3 per m²), Espoo (EUR 18.3 per m²) and Vantaa (EUR 18.0 per m²), while the lowest are in Kouvola (EUR 10.8 per m²), Rauma (EUR 11 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 27.5 per m² in Helsinki, EUR 19.7 per m² in Tampere and EUR 18.5 per m² in Turku, the average price of a rented square metre of a two-room flat was EUR 20.6 per m² in Helsinki, EUR 14.8 per m² in Tampere, and EUR 14.2 per m² in Turku, while the average price of a rented square metre of a three-room or larger flat was EUR 19.1 per m² in Helsinki, EUR 13.4 per m² in Tampere and EUR 12.5 per m² in Turku.

The median rent for a non-subsidised one-room flat was EUR 808 in the centre of Helsinki, EUR 580 in the centre of Tampere and EUR 514 in the centre of Oulu. The median rent for a family dwelling, i.e. a three-room or larger flat, was EUR 1,626 in the centre of Helsinki, EUR 1,057 in the centre of Tampere and EUR 916 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: Sara-Ellen Laitinen 029 551 3454, Elina Peltoniemi 029 551 3088, asuminen.hinnat@stat.fi

Head of Department in charge: Hannele Orjala

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Updated 22.4.2021

Referencing instructions:

Official Statistics of Finland (OSF): Rents of dwellings [e-publication].
ISSN=1798-1018. 1st quarter 2021. Helsinki: Statistics Finland [referred: 18.6.2021].
Access method: http://www.stat.fi/til/asvu/2021/01/asvu_2021_01_2021-04-22_tie_001_en.html