Property Prices in Montenegro

Index Info
Price to Income Ratio: 13.04
Mortgage as Percentage of Income: 107.16%
Loan Affordability Index: 0.93
Price to Rent Ratio - City Centre: 20.73
Price to Rent Ratio - Outside of Centre: 21.03
Gross Rental Yield (City Centre): 4.82%
Gross Rental Yield (Outside of Centre): 4.75%
Rent Per Month
Edit Range
1 Bedroom Apartment in City Centre 585.25 € 440.00-800.00
1 Bedroom Apartment Outside of City Centre 424.14 € 300.00-600.00
3 Bedroom Apartment in City Centre 1,055.14 € 650.00-1,800.00
3 Bedroom Apartment Outside of City Centre 791.07 € 500.00-1,400.00
Buy Apartment Price
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Price per Square Feet to Buy Apartment in City Centre 246.07 € 171.87-464.51
Price per Square Feet to Buy Apartment Outside of Centre 183.76 € 139.35-232.26
Salaries And Financing
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Average Monthly Net Salary (After Tax) 886.80 €
Annual Mortgage Interest Rate (20-Year Fixed, in %) 5.44 5.00-6.50

These data are based on 556 entries from 84 contributors over the past 18 months.
Last update: 1 March 2026
Our data for each country are based on all entries from all cities in that country.

Sources and References

By City in Montenegro

Rank
City
Price To Income Ratio
Gross Rental Yield City Centre
Gross Rental Yield Outside of Centre
Price To Rent Ratio City Centre
Price To Rent Ratio Outside Of City Centre
Mortgage As A Percentage Of Income
Affordability Index
Bar 14.5 5.0 5.0 20.1 20.2 115.2 0.9
Budva 17.9 4.3 4.3 23.1 23.2 153.3 0.7
Herceg Novi 13.6 4.4 4.0 22.7 24.7 107.6 0.9
Podgorica 11.3 4.9 4.8 20.4 20.8 92.6 1.1
Tivat 18.9 3.9 6.5 25.9 15.4 154.5 0.6
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