Minsk Rentals Surge in 2025, Growth Seen Slowing in 2026

Posted on 2026-01-05 by Matthew Geller in Minsk // 0 Comments

Minsk’s long-term rental market surged in 2025, with average monthly costs climbing 9% to $640. Demand remained strong across all segments, fueled by new developments and rising incomes.

Available apartments rose from 2,300 in January to 3,100 by December. On any given day, tenants had about 1,700 options, as listings were quickly absorbed. New projects — Minsk World, Mayak Minsk, Novaya Borovaya — reshaped the market, raising quality standards and forcing older stock to modernize.

Premium Segment Skews Averages

Luxury units pushed headline figures higher:

1-bedroom: $440 average, premium up to $1,500
2-bedroom: $620 average, premium $1,500–3,000
3-bedroom: $850 average, premium $3,300
4-bedroom: $1,420 average

High-end apartments in popular complexes with panoramic views reached $5,000 per month.

Small Units Lead Growth

Compact formats drove the market:

2-bedroom rents rose 11%
1-bedroom rents rose 10%

Three-bedroom units grew 7%, while four-bedroom apartments saw only 3% growth, with older stock declining 12–15%.

Budget Options Remain

Despite rising averages, cheaper rentals exist:

1-bedroom from $250 (old stock), rare new-builds at $220
2-bedroom from $300, with more choice above $350
3-bedroom from $350, though most start at $400
Shared rentals: rooms from $170

Districts diverged sharply: Zavodskoy, Leninsky, and Frunzensky remained affordable, while Central, Pervomaisky, and Oktyabrsky commanded top rents.

2026 Outlook: Cooling Trend

Analysts expect slower growth next year:

1- and 2-bedroom: +4–6%
3-bedroom: +1–3%
4-bedroom: new builds +2–4%, older stock may fall further

Accessible mortgages could shift demand toward buying. High competition in complexes like Minsk World may freeze prices or force discounts. Currency swings and loan costs remain key risks.

Tenants and Landlords: Key Moves

Tenants: monitor listings daily, budget realistically, sign contracts to protect rights. Landlords: invest in cosmetic upgrades, price competitively, stay flexible with families, pets, and foreign students.

Market in Transition

Minsk’s rental sector reflects a city in flux: modern developments driving demand, older stock losing ground, and affordability under pressure. Growth will continue in 2026, but at a slower pace, as the balance between renting and buying becomes more pronounced.