Moscow’s long-term rental market is entering a phase of gradual stabilization.

The Moscow rental housing market is showing signs of normalizing price dynamics after a period of rapid growth during the high season. According to October data from Yandex Rent, the median rental price reached 96,000 rubles, representing a 3.4% increase over the month. This figure is significantly lower than the 6.7% increase in September, indicating a gradual slowdown in the rate of increase in median housing rates.

Territorial differentiation of price dynamics

The post-season adjustment affected the capital’s various districts unevenly. The most significant decrease in rental rates was recorded in the Northern Administrative District (-1.7%, to 107,800 rubles), while in the Novomoskovsky District, prices remained virtually unchanged (+0.2%, to 65,000 rubles).

The Central District remains the leader in rental prices (+4.2%, 242,500 rubles), followed by the Southwest (+3.4%) and Northwest (+3.3%). In the remaining districts, monthly growth did not exceed 3%, confirming the overall trend toward market stabilization.

Structural changes in market supply

The supply of affordable housing continues to decline, but the rate of decline has slowed significantly to 7.2%. The exception was the Central District, where the number of rental listings increased by 3.5%.

For owners considering renting out their apartments in Moscow , current conditions appear favorable: demand remains strong while competitive pressures have decreased.

Comparative analysis of regional markets

Similar processes are observed in other large cities:

• St. Petersburg: decrease by 6.1% to 50,000 rubles.

• Samara: decrease by 3.6% to RUB 38,000.

• Voronezh: correction by 1% to RUB 27,000.

• Novosibirsk, Yekaterinburg, Kazan, Rostov-on-Don: price stability

Minor growth continues only in Moscow (+3.4% to 96,000 rubles) and Ufa (+2.6% to 30,000 rubles), but its intensity is significantly lower than the summer figures.

Expert assessment of market conditions

Roman Zhukov, head of Yandex Rentals, notes that after the summer price peak, the market is gradually returning to equilibrium. The July-September period was characterized by record demand and a rapid decline in budget-friendly options. In October, we’re seeing an increase in supply in the mass-market segment and reduced competition among candidates, allowing people to rent apartments at the desired price at a comfortable pace.

Methodological approach and forecast estimates

When analyzing market conditions, the median price indicator is used, which eliminates the influence of extreme values and provides a more accurate reflection of real price trends.

According to expert estimates, rental rate fluctuations in the capital will remain within 2-4% until the end of the year, with significant regional differentiation. The current phase is characterized by a smooth transition to a balanced market with a gradual normalization of price dynamics.