As of 2024, the cost of renting a 1-bedroom apartment in Paphos, as in any other place, depends on many factors, including location, condition of the apartment, availability of furniture, and additional amenities. Paphos, one of the most famous tourist cities in Cyprus, offers a wide range of residential options, from economy class to premium segment, affecting the rental price range.
Rental Market in Paphos
Paphos is known for its beautiful beaches, historical landmarks, and high standard of living, making it a popular choice among tourists and expatriates. This encourages property owners to invest in construction and rental housing, in turn, providing potential renters with a variety of options to choose from.
Factors Influencing Rental Cost
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Location: Apartments located closer to the sea or tourist attractions generally cost more. Areas that offer easy access to beaches, restaurants, and cultural landmarks also have higher rental prices.
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Condition and Furnishing: New or recently renovated apartments with modern design and a complete set of furniture usually cost more than older apartments with limited or outdated equipment.
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Amenities: The presence of additional amenities, such as a pool, garden, parking, security, or a fitness center, can significantly increase the rental price.
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Seasonality: In Paphos, as in other tourist destinations, there are high and low seasons, which affect rental prices. In summer, when the demand for housing increases due to the tourist season, prices can rise.
Estimated Prices
Based on data from various sources, the rent for a 1-bedroom apartment in Paphos can range from approximately €500 to €800 per month. In older housing stock, you might find something for €500 to €800 per month, while in new buildings, it could go up to €1200. It's worth noting that there are very few new buildings in Paphos, and they have only appeared recently, so finding cheap housing in new buildings is not possible.
Where to Look for 1 Bedroom Apartments for Rent in Paphos
The freshest options can be found on Facebook Marketplace. There are also listings on Bazaraki, but usually with less up-to-date information and fewer offers.
Best Areas for Renting
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The Universal area, where foreigners mainly live. There are no special advantages, as the infrastructure is completely absent, even including children's playgrounds. However, foreigners still choose to settle in this area.
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Kato Paphos (lower Paphos) is an area by the sea. Quite noisy in season and looks unappealing. The advantages include proximity to the sea, shopping centers, and restaurants.
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Pano Paphos (upper Paphos) is an area on the hill. The advantages might include a sea view. There's also the Park of Colors for children nearby, along with many shops and local businesses.
