How much does it cost to rent an apartment in Yerevan?

A one-bedroom apartment in Yerevan, Armenia typically rents for £280–£600 per month, and a two-bedroom for £380–£900 per month, with studios from £200–£450 per month. Prices vary by neighbourhood and condition — Erebuni is the most affordable central area (about £200/month for a one-bed) while Kentron is the most expensive (about £480/month). Figures are indicative GBP equivalents; rent is paid locally in AMD.

Which is the cheapest area to rent in Yerevan?

Among Yerevan's popular districts, Erebuni has the lowest rents — about £200/month for a one-bedroom and £320/month for a two-bedroom. Erebuni is the most affordable district within Yerevan's city boundaries, located in the south. Mostly residential with local markets, schools, and neighbourhood amenities.

What rights do tenants have when renting in Armenia?

Armenia's Civil Code governs residential tenancies. Tenants have rights to a habitable property, written contracts, and 30 days' written notice for termination by either party. Rent increases require written notice at least 30 days in advance. Key points for Yerevan renters: Written lease agreement strongly recommended (and increasingly required for banking/tax purposes); Landlord must provide habitable premises — working heating, water, electricity; Minimum 30 days written notice for lease termination by either party.

Renting in Yerevan, Armenia

Yerevan is Armenia's fast-growing capital and an increasingly popular destination for digital nomads, expats, and returning diaspora. Rental demand has surged since 2022, pushing central rents upward, but the city still offers excellent value compared to European capitals.

Renting in Yerevan: a one-bedroom apartment in Yerevan, Armenia typically costs £280–£600 per month, paid locally in AMD. Erebuni is the most affordable central district at about £200/month for a one-bed, and gross rental yields run 5.5%–9% a year.

£280 – £600/month for a 1-bed in Yerevan

Average Rent Prices in Yerevan

Property Type	Min (GBP/mo)	Max (GBP/mo)
studio apartment	£200	£450
1 bedroom apartment	£280	£600
2 bedroom apartment	£380	£900
3 bedroom apartment	£520	£1,400
family house	£600	£2,000
serviced apartment	£600	£1,800
short term furnished	£500	£1,500

Prices are indicative. Browse live listings for current rates.

Rental Yield for Investors

5.5% – 9%gross annual yield

Yerevan delivers strong gross yields versus most European cities. Central 1-bed apartments can yield 7–9% gross annually.

Popular Neighbourhoods in Yerevan

Kentron

Transit: excellent

Yerevan's central district — the most desirable and expensive area, home to Republic Square, the Opera House, Northern Avenue, and the best restaurants, galleries, and cafés. Most apartments are Soviet-era blocks alongside modern high-rises.

1-bed: £480/mo2-bed: £750/mo

Arabkir

Transit: good

An upscale residential district north-west of the centre, popular with middle-class Armenian families and expats. Features wider streets, newer buildings, and proximity to large supermarkets and schools.

1-bed: £380/mo2-bed: £600/mo

Norq-Marash

Transit: average

An emerging middle-class district in eastern Yerevan, known for newer residential construction and slightly lower rents than the centre. Growing café culture and local amenities.

1-bed: £280/mo2-bed: £440/mo

Erebuni

Transit: average

Erebuni is the most affordable district within Yerevan's city boundaries, located in the south. Mostly residential with local markets, schools, and neighbourhood amenities.

1-bed: £200/mo2-bed: £320/mo

Tenant Rights in Armenia

Armenia's Civil Code governs residential tenancies. Tenants have rights to a habitable property, written contracts, and 30 days' written notice for termination by either party. Rent increases require written notice at least 30 days in advance.

✓Written lease agreement strongly recommended (and increasingly required for banking/tax purposes)
✓Landlord must provide habitable premises — working heating, water, electricity
✓Minimum 30 days written notice for lease termination by either party
✓Security deposit typically 1 month rent; should be returned within 14 days of vacant possession
✓Tenants are responsible for minor maintenance; landlord for structural repairs
✓No rent control — rents are freely negotiated
✓Eviction requires court order if tenant refuses to vacate

Market Trends

Yerevan rents increased 40–60% in central areas between 2022 and 2024, driven by an influx of Russian and Ukrainian relocators and returning diaspora. The market is now stabilising, with rents flat in 2025. Demand for furnished short-term units remains strong from the tech and startup community.

Best Time to Rent in Yerevan

Spring (March–May) offers the widest choice before summer demand peaks. Avoid August–September when diaspora return for summer and competing for the best units.

How to rent an apartment in Yerevan

1
Set your budget and area
Decide your monthly budget and shortlist neighbourhoods. In Yerevan, Kentron and Erebuni sit at opposite ends of the price range, so compare rents before you search.
2
Search verified listings
Browse GeraRent's verified Yerevan listings, filtering by property type, price and bedrooms. Every landlord is identity-verified before a listing goes live.
3
Book a viewing or virtual tour
Request a viewing or virtual tour directly through the listing. Spring (March–May) offers the widest choice before summer demand peaks. Avoid August–September when diaspora return for summer and competing for the best units.
4
Sign a digital lease
Agree terms and sign a digital lease compliant with Armenia tenancy law. Written lease agreement strongly recommended (and increasingly required for banking/tax purposes).
5
Pay securely and move in
Pay your deposit and first month's rent securely. GeraRent supports AMD alongside GBP and USD, so expat tenants can pay in their own currency.

Renting in Yerevan: frequently asked questions

How much does it cost to rent an apartment in Yerevan?: A one-bedroom apartment in Yerevan, Armenia typically rents for £280–£600 per month, and a two-bedroom for £380–£900 per month, with studios from £200–£450 per month. Prices vary by neighbourhood and condition — Erebuni is the most affordable central area (about £200/month for a one-bed) while Kentron is the most expensive (about £480/month). Figures are indicative GBP equivalents; rent is paid locally in AMD.
Which is the cheapest area to rent in Yerevan?: Among Yerevan's popular districts, Erebuni has the lowest rents — about £200/month for a one-bedroom and £320/month for a two-bedroom. Erebuni is the most affordable district within Yerevan's city boundaries, located in the south. Mostly residential with local markets, schools, and neighbourhood amenities.
What rights do tenants have when renting in Armenia?: Armenia's Civil Code governs residential tenancies. Tenants have rights to a habitable property, written contracts, and 30 days' written notice for termination by either party. Rent increases require written notice at least 30 days in advance. Key points for Yerevan renters: Written lease agreement strongly recommended (and increasingly required for banking/tax purposes); Landlord must provide habitable premises — working heating, water, electricity; Minimum 30 days written notice for lease termination by either party.
What rental yield can landlords expect in Yerevan?: Gross rental yields in Yerevan run roughly 5.5%–9% per year. Yerevan delivers strong gross yields versus most European cities. Central 1-bed apartments can yield 7–9% gross annually.
When is the best time to rent in Yerevan?: Spring (March–May) offers the widest choice before summer demand peaks. Avoid August–September when diaspora return for summer and competing for the best units.

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