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Vienna’s housing crisis in 2025 is defined by sharply rising rents, a significant shortage of new housing supply, and extreme competition for available apartments. In just five years, rents have increased by nearly 30%, with annual growth rates recently hitting 9%. Supply has dropped steeply—new construction of rental units in 2025 is set to be 60% lower than in 2024, with only about 1,800 new rental apartments expected. Vacancy rates citywide remain very low, consistently below 2%, as population growth fuels persistent demand for all types of housing.
Rents now range from roughly 12 to 16.5 euros per square meter per month depending on district, with central locations commanding up to 22.5 euros per square meter. The average monthly rent for studios is between 630 and 890 euros, for one-bedroom apartments about 1,045 euros, and for two-bedroom units around 1,400 to 1,530 euros. Prices for home purchases span a wide range, with central districts reaching up to 27,000 euros per square meter.
Those most affected by the housing crisis are renters—who account for the vast majority of residents—including students, young professionals, families, and immigrants. The crisis puts a financial strain on lower- and middle-income groups, drives local businesses from popular districts, and contributes to social tension, as basic housing becomes less affordable and accessible for typical Viennese households.
In Vienna, about 76% of main residences are rental apartments, while only 24% are owner-occupied. Over half of all rentals are either owned by the city or nonprofit associations: around 55% of rented homes fall in this category, making Vienna unique among major cities. Home prices in 2025 average between 3,600 and 27,000 euros per square meter, depending on location, with median values in peripheral districts around 3,600 euros per sqm and much higher in the city center. The median rent for existing apartments ranges from approximately 12 to 16.5 euros per sqm per month; the citywide average monthly rent for a 1-bedroom apartment is about 1,045 euros.
Publicly owned and nonprofit housing—referred to collectively as “social housing” in Vienna—accounts for roughly 60% of all residences. Social housing in Vienna is not the same as public housing in the US or UK; instead, it includes municipally owned buildings (traditionally “public housing”) as well as units managed by nonprofit cooperative associations. Eligibility extends to a broad segment of the population due to liberal income limits, ensuring that social housing serves both low- and middle-income households. This integrated approach makes social housing a stabilizing force in the housing market and a central part of city life.
Vienna’s city administration approaches affordable and sustainable housing through a comprehensive, long-term strategy integrating strict rent regulation, inclusive social housing, active public investment, and climate-focused innovation. Recent targets include maintaining housing affordability for broad segments of the population, increasing social integration, and achieving net-zero climate pollution from the housing sector by 2040.
Key initiatives and programs:
Vienna sets internationally recognized standards by combining affordability, sustainability, inclusivity, and high quality in its housing policies.