Cheap Budapest Apartments

Where to Find Low Cost Rentals?

Where to look for good-value, cheap Budapest apartments for around EUR 40-45 per nigth? The answer to this question might interest not only students with limited financial resources but tourists who want to save on their accommodation cost.

Although price shouldn’t be the most important factor to consider when searching for apartments for rent, but why pay more for a flat of the same quality?

Apartment Rental Fees in Budapest

Rental fees of apartments in the city centre start from cc. 15-20 EUR per person per night or from 35-40 EUR per aparment/night in the low season.

Most apartment owners or agencies give per person per night prices for the low season (October-May), excluding Christmas and New Year’s Eve, and Easter) and for the high season (June-September). Some apartment rental agencies provide different prices for a so-called mid-season too (April-June).

Rental prices are the most expensive during the Formula 1 Hungarian Grand Prix, the Sziget Festival, – both events are held usually in August – and during the ChristmasNew Year period.

Rental fees are usually 20-25% higher in the high tourist season in Budapest than in the low season.

Other apartment letting companies set their prices for a month rental.

There’s usually a minimum rental period which can be from 2-3 days up to weeks.

If you team up with others, and rent an apartment together you can pay considerably less per person than renting the whole flat alone.

These low budget, affordable apartments are small studio, or 1-bedroom flats furnished, with heating, gas, electricity and water.

Satellite TV, fridge, stove, microwave oven, cooking utensils, washing machine, bed linen and towels are usually included in the rental fee, but always read all the details and description of the flat.

Cleaning of the apartment is usually also included in the rental fee, but do check it.

Recommended Districts to Look For Cheap Apartments

You can find very good cheap apartments in Budapest city centre, in district V. close to the Basilica, the Parliament and the Danube, in district VI. near Oktogon, in VII. and VIII. districts.

Another recommended district to look for cheap Budapest apartments is the district XIII. – Lipótváros one of my favourite neighborhoods in the vicinity of Nyugati Train Station (Nyugati Pályaudvar) which has excellent public transport connections with the M3 (blue) metro line and trams No. 4 and 6.

See also our guide to Budapest Districts.

TIP: Apartment Hotels in Budapest offer the benefits of hotels and individiual apartments. They’re also a good alternative over impersonal hotels, especially for families with kids.
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