Steyr, located in Upper Austria, remains an attractive city for tenants thanks to its historical charm, well-developed infrastructure, and relatively moderate rental prices. In 2025, the rental market in Steyr shows both promising opportunities and certain challenges.
Current Situation in the Rental Market
As of early 2025, the average rental price for an apartment in Steyr is around €561 per month, reflecting a notable increase compared to the previous year. This rise is mainly driven by growing demand for rental housing.
Average Rental Prices
- One-bedroom apartments in the city center: between €550 and €720 per month
- One-bedroom apartments outside the center: between €550 and €600 per month
- Three-bedroom apartments in the city center: around €800 per month
- Three-bedroom apartments outside the center: around €800 per month
The average rental price per square meter is approximately €10.25.
Factors Influencing the Rental Market
Growing Demand
Steyr attracts students, young professionals, and families due to its educational institutions, employment opportunities, and high quality of life. This contributes to a steady increase in demand for rental properties.
Limited Supply
While demand continues to rise, the supply of available rental housing remains limited, especially in the most popular districts. This imbalance drives prices upward and intensifies competition among tenants.
Government Regulations
In 2025, the Austrian government maintains measures to regulate rental prices for certain types of housing, such as older buildings and municipal apartments. These initiatives aim to keep housing affordable for a broader segment of the population.
Opportunities for Tenants
More Affordable Districts
Areas outside the city center, such as Münichholz and Sarning, offer more affordable rental options while maintaining good transport links and access to essential services.
Shared Housing
Co-living arrangements are becoming increasingly popular, especially among students and young professionals, helping to reduce overall housing costs.
Short-Term Rentals
The short-term rental market is also growing, providing flexible accommodation solutions for temporary residents and tourists.
Challenges for Tenants
Rising Rental Prices
Despite government interventions, rental prices continue to rise, particularly in high-demand areas.
Increased Competition
The limited availability of quality housing has led to greater competition among tenants, making it more difficult to secure desirable rental properties in the city center and near major institutions.
Slow Development of New Housing
The construction of new residential buildings is not keeping pace with demand, contributing to ongoing pressure on the rental market.
Market Outlook
The Steyr rental market is expected to remain active in the coming years. Rental prices are likely to grow moderately at a rate of 2–4 percent annually. Efforts to promote sustainable building practices and expand affordable housing programs are underway.
In addition, future developments in suburban areas may help ease pressure on the city center, offering tenants more options at reasonable prices.
Conclusion
The rental market in Steyr in 2025 is characterized by high demand, limited supply, and steady price growth. Despite existing challenges, tenants can still find opportunities by considering alternative districts and shared housing options.
Steyr continues to evolve as an attractive place to live for both locals and newcomers. A strategic approach to property search and an understanding of market dynamics will help tenants successfully navigate the rental landscape and find favorable rental conditions in Steyr.
