Real estate rental in Vienna with Engel & Völkers (2024)

Licence Partner Wien> Rental

Rent out your high-quality apartment or house in Vienna promptly and profitably

Thereal estate location of Vienna is ideal for real estate rentals. As one of the mostprosperous cities in the European Union, Vienna impresses with a high quality of life and an idyllic location in the heart of Europe. This means that there are great conditions for renting out your house or apartment to one of our numerous national and international clients. With the implementation of this profitable project, real estate owners secure a long-term and secure source of income. There are various factors related to the rental that should be considered so that it can be implemented without any issues. As a future landlord of your apartment in Vienna, you should therefore obtain comprehensive information and seek advice from aprofessional real estate expert. Get in touch with our competent letting team at , as many years of experience in the real estate industry help us choose what is important when it comes to successfully renting out a property in Vienna.​

On this page we inform you of all important aspects as well as basic rights and obligations that you as a property owner, with hopes of renting out their house or apartment, should know in order to be able to utilize the full potential of your property long term. We will also tell you why the real estate agent Engel & Völkers Vienna is the ideal partner for successfully renting out your apartment or house.

Successfully rented out by Engel & Völkers Vienna

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We will find the right tenant for your apartment

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Worth knowing: the adjustment of rental fees to the local standards

Before you take the first steps towards successfully renting out your property in Vienna in cooperation with the Engel & Völkers letting team, it is important to familiarize yourself with thelocal standardsin Vienna. Therefore, find out whether your price calculation corresponds to thelocal rent pricesor whether you have set them too high or too low. As a rule, the potential tenants of your house or apartment will inquire about the current rental rates. Therefore, you make a wise decision if you get ahead on your own beforehand. During our consultation, we will be happy to give you an overview of the local rental prices, that will help you determine a specific price per square meter for your apartment in Vienna, taking into account characteristics such as year of construction, size, location and furnishings. Read on to find out which other factors you should consider when renting out your apartment or house in Vienna.

Modernization of real estate as a condition for higher rents

Depending on the condition of your property, you can ask for higher rent prices in the form of a modernization surcharge. For example, havemodernization measures recently been carried out in your apartment or does the property have particularly high-quality furnishings? These are valid reasons to call for higher rental prices. Basically, the focus here is ontransparency towards your tenant: As the owner, you have the opportunity to modernize your property, because this way you can ensure that your house or apartment is in good condition in the long run. However, such measures must always be communicated transparently to your tenant. The tenant's consent is not necessary and you are entitled to implement the modernization in any case. If the measures have been implemented, you can also increase the annual rent by up to 11% of the costs incurred for the modernization. Thewill be happy to give you a detailed overview of your options.​

Rent out your apartment in Vienna profitably – with real estate agents Engel & Völkers

Would you like to find theright tenant for your high-quality apartmentor your stylish house in the sought-after real estate location of Vienna as soon as possible, or will a new tenant move into your property soon? Regardless of whether you already have experience with renting out a property or would like to realize this project for the first time: acompetent contact personis essential so that the rental of your property can be successfully implemented in the long term. The rental specialists at Engel & Völkers have in-depth know-how and many years of experience, which are essential for property rentals. We will find the right tenant for your apartment or house in Vienna!

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In addition to competent advice on renting, our service also includes a free market price assessment. We accompany you from the initial consultation, through the inspection of your apartment or house for rent in Vienna, to the successful conclusion of the contract and our after-sales service should not be forgotten. Our goal is to achieve the best possible rental price for your property and thus secure you a reliable source of income.

Engel & Völkers is your contact for rentals in Vienna

If you are thinking of renting out your property in Vienna, get in touch with the Engel & Völkers rental team. We will be happy to answer any questions you have about renting out your house or apartment in Vienna. Call us at +43 1 961 5000 or visit us in person at the following locations:

Opernring office:

Monday - Thursday: 9 a.m. - 6 p.m.

Friday: 09.00 - 14.00

Shop Northwest:

Monday - Friday: 10 a.m. - 6 p.m

Saturday and Sunday: by appointment

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Anita Machalek

Real estate consultant

Phone +43 1 961 5000

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Real estate rental in Vienna with Engel & Völkers (2024)

FAQs

What is the average rent in Vienna Austria? ›

Average rent in Vienna – the most important cost of living factor
DistrictSingle-bedroom (50m²)Family of four (120m²)
1., Innere Stadt€1,858.50€2,536.80
2., Leopoldstadt€1,157.50€2,293.20
3., Landstraße€987.50€2,095.20
4., Wieden€983.50€1,897.20
19 more rows

What is the average house price in Vienna? ›

Housing price details

The median price of an apartment for sale is €5,179/m². That means there are as many properties more expensive than €5,179/m² as cheaper. As for houses for sale, the median price is €6,712/m².

Why is rent in Vienna so cheap? ›

In Vienna, 43 percent of all housing is insulated from the market, meaning the rental prices reflect costs or rates set by law — not “what the market will bear” or what a person with no other options will pay. The government subsidizes affordable units for a wide range of incomes.

What is the best real estate website in Austria? ›

Most Visited Real Estate Websites in Austria
RankWebsiteCategory
1immobilienscout24.atBusiness and Consumer Services > Real Estate
2immowelt.atBusiness and Consumer Services > Real Estate
3laendleimmo.atBusiness and Consumer Services > Real Estate
4remax.atBusiness and Consumer Services > Real Estate
1 more row

What salary do you need to live in Vienna? ›

The average gross annual salary in Vienna is €51,219 (or €4,268 monthly). After tax deductions, this comes down to €34,188 yearly (or €2,849 monthly). This kind of salary allows you to live comfortably, save, and treat yourself to things you like.

Is Vienna expensive to live? ›

Compared to other European capitals like Madrid and Rome, Vienna is more expensive. But when you compare the cost of living in Paris or London to Vienna's, you'll find Vienna more affordable. But with an average monthly salary of €3,500, living in Vienna doesn't have to break the bank.

Can a foreigner buy an apartment in Vienna? ›

If you wish to acquire a property in Vienna as a non-citizen of the European Union, you need a permit from Municipal Department 35 - Immigration and Citizenship MA 35. This department is the competent property transfer authority (Grundverkehrsbehörde) in Vienna.

Does Vienna have a homeless problem? ›

Even in a city with excellent social systems in place, more than 2,000 people are now homeless in Vienna, some permanently and by choice, but the majority due to a sudden and unexpected change in life circ*mstance.

What is the best thing about living in Vienna? ›

Pros of living in Vienna
  • Excellent and accessible healthcare. ...
  • Highest salaries in Austria. ...
  • Extensive public transport system. ...
  • Vienna is one of the safest cities in the world. ...
  • Vienna is a multicultural city. ...
  • Excellent international connectivity. ...
  • High social security. ...
  • Excellent quality of life.
Mar 20, 2024

Can a US citizen buy a house in Austria? ›

Yes, foreigners are allowed to buy real estate in Austria. If they don't have a residence permit in Austria, they need to obtain a permit for buying real estate. A resident of the country — a foreigner with a residence permit or permanent residency — can purchase real estate to live in.

What is the average price of a house in Austria? ›

The housing market in Austria

Currently, a new house in Austria costs an average of €359,000. New-build properties are increasing in cost with the average in Styria sitting just over €300,000, while Lower Austria is up at €338.000.

Is it easy to find housing in Vienna? ›

Housing in Vienna can be difficult to find, and agent fees are notoriously high. A great way to avoid this is by renting a furnished apartment that includes everything you need in one monthly price.

How much is rent per month in Austria? ›

“Rents in Austria rose again at the beginning of 2023. In the first quarter, the average monthly rent including running costs was €611.9 per main rental apartment or €9.1 per square meter – 7.8% higher than in the same quarter of the previous year.

How much does it cost to live in Austria in US dollars? ›

Cost of living in Austria compared to United States
Food
Food in Austria is about the same as in United States
Monthly rent for a 45 m2 (480 sqft) furnished studio in normal area€682 ($733)
Utilities 1 month (heating, electricity, gas ...) for 1 person in 45 m2 (480 sqft) studio€112 ($120)
Internet 8 mbps (1 month)€29 ($31)
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How much money do you need to live comfortably in Austria? ›

The average monthly living cost for one person in Austria is roughly €1,709, but it varies depending on location, lifestyle, and type of housing. Couples can anticipate monthly expenses of approximately €3,100, while a family of 4 would typically have total monthly living costs of around €4,903.

Is Vienna Austria a good place to live? ›

Excellent quality of life

Ranked as the most livable city in the world, Vienna provides a high quality of life, a thriving urban environment, and a strong educational system.

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