Most costly flat in Sochi rented out for 800,000 rubles per month

In the vibrant city of Sochi, the long-term rental market has reached a new level, becoming mainstream and attracting both landlords and renters alike. According to recent data, the market is currently dominated by two-bedroom listings, with a staggering 22 options available for monthly rents exceeding 100,000 rubles.

This trend is driven by a variety of factors, with the high central bank interest rate being a major driver of growth. As buyers who planned to take out a mortgage turn to renting, the demand for long-term rentals has increased significantly. This additional layer of demand, combined with the limited supply of properties, has led to a noticeable increase in long-term rental rates over the past year.

The high key rate has not only fueled the growth of the long-term rental market but also contributed to a notable decrease in the number of expensive apartments available for long-term rent. Over the past year, the volume of offerings in the long-term rental market of over 100,000 rubles per month has decreased by 87%, or 424 units, since January of this year. This decrease is reflected across all multi-bedroom apartment listings, with a 91% decrease in the number of three-bedroom apartments and a 56% decrease in one-bedroom apartments in the same price range.

The most expensive property currently listed for long-term rent in Sochi is priced at a hefty 800,000 rubles per month. As of August 2025, there are 64 properties listed for long-term rent in Sochi with a monthly rent of over 100,000 rubles.

Interestingly, the long-term rental segment in Sochi is not just popular among tourists but is mainly driven by locals and newcomers who need housing for a year or more. Unlike the short-term rental segment, which picks up in the summer, the long-term rental segment remains steady throughout the year.

In the winter resort town of Krasnaya Polyana, long-term rental with a resort twist is becoming increasingly popular. People are forming groups and renting apartments with two bedrooms, sharing the accommodation to enjoy the winter season.

Sergey Anisimov, a local real estate expert, attributes the development of the long-term rental market in Sochi in 2025 to the high central bank interest rate and property owners' desire to generate income. As long as the balance between high demand and landlords' desire to earn is maintained, demand in the long-term rental market is unlikely to drop, and prices will continue to stay high.

The trend of high demand and high prices in the long-term rental market is likely to persist until at least the middle of next year, making it an attractive investment opportunity for property owners. This budget allows for the rental of a luxurious 200 sq.m. property in the Central District of the city, located on the 16th floor of a 27-story complex.

In conclusion, Sochi's long-term rental market is thriving, offering a wide selection of properties for those seeking long-term accommodations. With high demand and limited supply, the market is expected to remain strong, making it an attractive option for both renters and property owners.