Budapest is one of the most cosmopolitan cities in Eastern Europe as it attracts visitors and expatriates from all parts of the world. It is a booming city with a rich history and a rising economy. At the same time, the city is swarmed with amazing restaurants, bars, and night clubs.
Because of all that, the demand for apartments is always high and ongoing. However, if you are new in the city, you might find it somewhat challenging to find apartments for rent in Budapest.
The good news is that there is a way around it. You can find and rent an apartment on your own, just the same as the locals do it.
Know the city’s districts and neighborhoods
One of the first things to do whenever you plan to settle in a new city, even if that’s for just a few weeks, is to learn what’s where. And by what’s where we mean learning the districts and neighborhoods.
There are a total of 23 districts in Budapest, and each of them is marked with a Roman numeral. District V is the very center of the city, which is regularly full of tourists, and at times it feels like a bit too crowded. I, VI, and VII are considered a good alternative if you don’t want to be too far from the center.
II, VIII, IX, XII, and XIII are also interesting districts as they provide a good balance between tranquility and excitement.
Of course, the other districts also have their charm and all that. But the ones mentioned here are considered best if you are new in town and want to catch some of the local vibe and culture.
Consider how long you plan to stay
How long you plan to stay will have a significant influence on your lease terms. Generally speaking, there are four terms under which owners are prepared to rent their apartments: short term (up to three months), season (between three and six months), semester (between six and twelve months), and long term (at least twelve months).
Consider common costs
When renting an apartment in Budapest, you also need to consider other costs besides rent. The term used to describe those costs is “common costs,” and it includes fees for maintenance and cleaning. Sometimes even fees for heating and water.
The common costs can be as low as $10 per month, or as high as $200 a month. Generally speaking, the common costs are higher if the building includes a gym or a pool, parking garage, doorman, elevator, or other utilities. If the building doesn’t include any of it, you shouldn’t pay more than $70 per month.
Once you find an apartment for rent you like, in a district you like, you will be asked to sign a rental lease. However, before you sign it, make sure that you go through it carefully. If you are a foreigner, it is advisable to bring someone to help you translate the lease and understand what you are signing.
As you can see, finding an apartment for rent in Budapest is no rocket science. Just make sure that you do thorough research on what’s available for rent and don’t sign your lease before knowing its content.
Pro-tip: It is not impolite to try and negotiate a lower rental price and better lease terms.