Average residential rent in Norway 2024, by city
Oslo was the Norwegian city with the highest rental prices in the country in 2024. Renting an apartment in the Norwegian capital cost nearly 29,000 Norwegian kroner per month on average, whereas Bergen ranked second, with an average monthly rent of 24,000 Norwegian kroner. The average price of residential housings in Norway was also highest in Oslo.
The Nordic market
Not only was Oslo the city with the highest rents in Norway, but also in the Nordic region. The capital cities of Denmark (Copenhagen) and Finland (Helsinki) ranked second and third respectively, whereas Stockholm ranked last within a list of 12 Nordic cities. In contrast, Stockholm was the most expensive city to buy an apartment in.
Homeownership in Norway
The high renting prices in the Norwegian capital could be explained by the renting market trends in the country. The homeownership rate fluctuated over the past decade, but overall decreased, reaching its lowest rate so far in 2020.
