where is it profitable to rent an apartment for a short period of time?


In March, olx recorded a record demand for daily rental housing – more than 1 million reviews of published advertisements, which is 15 times more than a year ago. Already in April, interest in short-term rentals stabilized to peacetime levels, however, compared to 2021, activity increased by 52%. What will happen to the daily housing rental market in Ukraine and what prices are offered during the war – in the OLX Real Estate analytics.

Where do people most often look for accommodation for the day?

Some people stay for a day or two in an apartment on the way to their final destination, others rent a house for the weekend to change the “scenery” or spend time with loved ones. The needs of Ukrainians during the 3 months of war transformed the classic weekend season. Thus, they are now actively responding to proposals for daily rentals in Transcarpathia, in the Kirovograd and Dnepropetrovsk regions. These regions have the highest number of reviews per ad. Moreover, in 82% of cases, Ukrainians book accommodation by phone.

If we analyze by type of housing, then:

  • Apartments for rent by the day, hourly are actively sought in the Transcarpathian, Kirovograd and Cherkassy regions;
  • short-term house rentals are of most interest in the Kirovograd, Vinnytsia and Volyn regions;
  • hotels and recreation centers are popular in Cherkasy, Zhytomyr and Dnepropetrovsk regions;
  • Based on reviews of advertisements, Ukrainians are actively looking for hostels and beds in the Vinnitsa and Poltava regions.

Where in Ukraine is the most profitable place to rent an apartment for a short period of time?

If you are planning to rent an apartment for a short period of time, then your best chance is to find apartments for daily rent. At least, there are the most such offers on Olkh – more than 10,000 advertisements.

By the way, compared to all major cities, Kiev has the lowest average cost of overnight accommodation in a one-room apartment – only 578 hryvnia. In Cherkassy you will have to pay about 600 hryvnia per night, and the most expensive is in Uzhgorod. Here, daily rent of a one-room apartment will cost, on average, 850 hryvnia.

Average cost of daily rental apartments in different cities of Ukraine









City

1-room apartment, UAH

2-room apartment, UAH

3-room apartment, UAH

Kyiv

578

736

996

Kropyvnytskyi

600

750

863

Lviv

742

967

1 438

Uzhgorod

850

1 100

944

Cherkasy

600

700

900

OLX Real Estate data, May 2022

If you are considering daily house rentals, you can choose from 1,355 current listings. So, in particular, renting an apartment in Kropyvnytskyi costs about 725 hryvnia per day, and the average cost of an overnight stay in Volyn ranges from 925 hryvnia in Shatsk to 1,436 hryvnia in Svityaz. In the resort towns of the Carpathians, average house prices are also in the range of 1,000-2,000 UAH/day.

Average cost of daily rental of houses in different cities of Ukraine










City

Rent, UAH

Kropyvnytskyi

725

Vinnitsa

1 150

Svityaz

1 436

Shatsk

925

Rakhiv

1,950

Mykulychyn

1 293

OLX Real Estate data, May 2022

If we analyze the prices in hotels and recreation centers in the most popular regions among Ukrainians, then the most profitable overnight stay will be in the Zhytomyr region (on average, 500 hryvnia). In Cherkassy, ​​namely in Uman, a night will cost about 600 hryvnia, and in Cherkassy itself – 150 hryvnia more. Meanwhile, in Kyiv the average tariff is now more affordable than before the war – 576 hryvnia per day.

Average cost of overnight stay in hotels and recreation centers in individual cities of Ukraine











City

Price per night, UAH

Kyiv

576

Cherkasy

750

Dnieper

1 125

Zhytomyr

500

Korosten

500

Uman

600

Lviv

807

OLX Real Estate data, May 2022

Accommodation in a hostel will traditionally be the most budget-friendly. For example, the lowest prices are offered in Poltava – on average 150 UAH/night. 50 hryvnia more expensive in Vinnitsa. You can count on the same tariff in Uzhgorod. But in other western regions (for example, in Ivano-Frankivsk and Lviv) they will charge around 350 hryvnia for a night in a hostel.

Average cost of an overnight stay in hostels in individual cities of Ukraine









City

Price per night, UAH

Vinnitsa

200

Poltava

150

Lviv

280

Ivano-Frankivsk

350

Uzhgorod

200

OLX Real Estate data, May 2022





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