How much is the rent in Beijing? Latest market data and hot spot analysis in 2024
With the wave of returning to work after the Spring Festival and the approaching graduation season, Beijing’s rental market has once again become a hot topic. This article will combine the hot discussions across the Internet in the past 10 days to present you the latest market trends and structured data on rents in Beijing.
1. Comparison of rent prices in various districts in Beijing (data from February 2024)
| area | Average price of a single room (yuan/month) | Average price of one-bedroom apartment (yuan/month) | Average price of a two-bedroom apartment (yuan/month) |
|---|---|---|---|
| Dongcheng District | 3200-4500 | 6500-8500 | 9000-12000 |
| Xicheng District | 3000-4300 | 6200-8200 | 8500-11000 |
| Chaoyang District | 2800-4000 | 5800-7800 | 8000-10500 |
| Haidian District | 2900-4200 | 6000-8000 | 8200-10800 |
| Fengtai District | 2200-3500 | 4500-6500 | 6500-9000 |
| Shijingshan District | 2100-3300 | 4300-6200 | 6000-8500 |
| Tongzhou District | 1800-2800 | 3800-5500 | 5500-7500 |
2. Three recent hot spots in the rental market
1.Rent increases slightly after Spring Festival: Data shows that since mid-February, the average rent in Beijing has increased by 3.5% month-on-month, with the increase in major business districts reaching 5%-8%. This is directly related to the increase in migrant workers returning to Beijing.
2.Graduates looking for housing in advance: Some fresh graduates from colleges and universities have begun to inquire about renting a house. It is expected that a new wave of renting peak will form from March, especially in areas with concentrated educational resources such as Chaoyang and Haidian.
3.Affordable rental housing attracts attention: The Beijing Municipal Housing and Urban-Rural Development Bureau recently announced that it will add 20,000 rent-guaranteed houses, with rents about 70%-80% of the market price. The relaxation of application conditions has triggered heated discussions.
3. Price comparison of different types of housing
| Property type | Average rent (yuan/month) | Year-on-year change |
|---|---|---|
| Ordinary residence | 5200 | +4.2% |
| Long-term rental apartment | 4800 | +2.8% |
| Shared accommodation | 2800/bed | +5.1% |
| Brand Apartment | 6500 | +3.5% |
4. Suggestions on saving rental costs
1.Choose a subway terminal station: For example, around Shahe Station on the Changping Line and Liangxiang University Town Station on the Fangshan Line, rents can be more than 40% lower than in the city center.
2.Signing at the wrong time: March-April and September-October are the traditional peak seasons. The market in May-June is relatively stable and there is more room for negotiation.
3.Pay attention to government subsidies: Newly employed college students can apply for a monthly rental subsidy of 1,500 yuan, and some companies also provide housing subsidies.
5. Expert predictions
According to data from the Lianjia Research Institute, the overall increase in rent in Beijing in 2024 is expected to be between 5% and 7%, but there are obvious differences in different regions. Core urban areas are likely to maintain relatively high growth rates due to limited supply, while emerging urban areas will gradually become more cost-effective with improved supporting facilities.
Special reminder: Recently there have been cases of "low-price housing" fraud on the Internet. It is recommended to conduct transactions through formal intermediary platforms. Be sure to verify the real estate certificate and landlord's identity information before signing a contract.
(Note: The data in this article are compiled from Beikezhuanghuang, Anjuke, the official website of the Beijing Municipal Housing and Urban-Rural Development Commission and market research. The statistical period is February 10-20, 2024)
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