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Renting a home in Tashkent remains a perpetual headache for residents. Despite reports of declining prices, renting an apartment is still a significant financial challenge for many. So, how much does it really cost to rent a place in the capital, and why do these numbers raise so many questions?
Prices and Reality
According to the latest analysis, in November 2024, rental prices for apartments with basic renovations slightly decreased:
- 1-bedroom apartments: $298–$378, depending on the district.
- 2-bedroom apartments: $360–$516.
- 3-bedroom apartments: $404–$680.
- 4-bedroom apartments: $411–$865.
For fully renovated apartments, prices vary even more:
- 1-bedroom apartments: $331–$520.
- 2-bedroom apartments: $410–$730.
- 3-bedroom apartments: $509–$1032.
- 4-bedroom apartments: $587–$1313.
These amounts can be unaffordable for many, especially considering that the average salary in Tashkent is around $400. This forces renters to choose between living in modest conditions on the outskirts or spending almost their entire paycheck on housing in the city center.
A Price Drop or a Myth?
Yes, reports mention a 1–3% average decrease in rental prices, but have tenants really felt it? Many claim that prices remain the same or even rise, especially in popular areas like Mirabad and Yakkasaray.
The decline mentioned by analysts often applies only to apartments in the outskirts, which were already in the lower price range. Meanwhile, central Tashkent continues to maintain high prices, making housing inaccessible to most residents.
Rental Market Problems
- Speculation: Many property owners inflate prices, citing rising utility tariffs and general economic difficulties.
- Lack of Regulation: There is no clear system to control rental rates. The market remains a landlord’s domain, forcing tenants to accept any conditions.
- Shortage of Affordable Housing: New residential developments are primarily aimed at sales rather than rentals, limiting supply and driving prices higher.
Rent and Income
In developed countries, rental costs rarely exceed 30% of a household’s income. In Tashkent, however, many spend 50–70% of their earnings on rent. This creates additional financial pressure, particularly on young people and families with children.
What Needs to Be Done?
- Market Regulation: Introducing controls on rent increases and tax incentives for renting out properties at affordable rates.
- Support for Tenants: Subsidy programs for low-income citizens and students.
- Development of Rental Housing: Encouraging the construction of affordable housing specifically intended for rent, not just for sale.
Detailed Pricing
Most Affordable Districts:
Sergeli District:
- 1-bedroom: $298–$331
- 2-bedroom: $360–$410
- 3-bedroom: $404–$509
- 4-bedroom: $411–$587
Uchtepa District:
- 1-bedroom: $353
- 2-bedroom: $450
- 3-bedroom: $554
- 4-bedroom: $688
Almazar District:
- 1-bedroom: $330
- 2-bedroom: $364
- 3-bedroom: $463
- 4-bedroom: $479
Most Expensive Districts:
Yakkasaray District:
- 1-bedroom: $367
- 2-bedroom: $488
- 3-bedroom: $668
- 4-bedroom: $743
Mirabad District:
- 1-bedroom: $378–$479
- 2-bedroom: $516–$718
- 3-bedroom: $680–$984
- 4-bedroom: $865–$1313
Shaykhantahur District:
- 1-bedroom: $520
- 2-bedroom: $730
- 3-bedroom: $1032
- 4-bedroom: $1258
The article may contain inaccuracies as it is translated by AI. For more details, please refer to the Russian version of the article. If you notice any inaccuracies, you can send corrections via the Telegram bot: Uzvaibik_bot.
