Where to find affordable apartments amid Prague’s housing crunch

Property prices in Prague continue to rise, with apartment rents increasing by around 10 percent over the past year. For anyone planning to move to the city, where can you still find affordable neighborhoods to rent?

An analysis by real estate site Sreality.cz examined price trends across 10 city districts—from Prague 1 to Prague to identify where rents remain within reach.

Prague’s property market continued its upward climb in the first quarter of 2025, Sreality writes, with both rental and sales prices seeing notable growth. Apartment rents surged to CZK 380 per square meter (sqm), with Prague 7 and Prague 4 feeling the sharpest jumps. For an average 70-square meter apartment in the capital, this equates to CZK 26,600.

At the same time, those looking to buy rather than rent also faced steeper prices. The median selling price of apartments listed on Sreality.cz climbed to CZK 9.19 million—a large 16 percent increase.

Sreality found that Prague 4—encompassing green and leafy Nusle, Krč, and Braník—and Prague 9, which includes parts of Libeň (including the O2 Arena) and Nový Prosek, have the cheapest prices. The median rental price in these two districts is around CZK 24,850 monthly for an average 70 sqm apartment, according to Sreality data analyst Štěpán Matějka.

Prague 9’s lower rents are partly due to large housing estates like Jižní Město and Prosek, which help keep prices down. Similarly, Prague 4 has several panelák housing estates, increasing supply and affordability.

Conversely, if you’re looking to buy a property, Prague 8 (which includes areas like Karlín and Bohnice) has the lowest overall median asking price of all areas surveyed, at CZK 8.28 million.

However, other districts also offer good deals. “If you want to find an apartment at a good price, I would also focus on Prague 4,” adds Matějka. The southern Prague region’s asking prices average CZK 8.5 million.

Matějka also recommends tracking apartment prices in Prague 9, which has median sales prices at CZK 8.5 million, too.

It’ll come as no surprise that areas near the center of Prague are the most expensive. The sheer difference in price may surprise you, though. 

“Anyone who wants to rent or buy an apartment at a low price can immediately rule out Prague 1, 2 and 7,” Sreality defiantly says. 

Prague 1 has the highest overall rental price, averaging CZK 33,810 monthly. Prague 2, home to expat-heavy Vinohrady and large parts of the bustling Nové Město, trails closely behind at CZK 33,600 per month. If you want to live in Prague 7, which houses hip and trendy Holešovice, costs are a little lower but still high, at CZK 32,760 for one month.

The same theme applies for buying properties: Prague 1 has the highest overall prices, at CZK 11.8 million. Interestingly though, it’ll cost you more to buy an apartment in Prague 7 than Prague 2.

According to Sreality analyst Hana Kontriš, prices for renting and buying are set to increase this year and beyond—especially for well-designed flats near metro lines.

"It is becoming increasingly difficult for some groups of residents to find housing in the capital. This is especially true for seniors or single mothers,” she adds.

With prices estimated to rise by around 5 percent this year, those currently viewing the property market may want to act soon—picking the best location is a good start.