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Statistics

According to the calculations from the dataset, in Riga, the average rent per square meter of all listed offers was 9.25 EUR/month, while the median rent per square meter was 7.35 EUR/month.

Median rent is also closer to the average rent when calculated as an average of sum of each neighbourhood’s average rent – 7.77 EUR/month. 366 or 20.28 % of listed apartments were in new buildings, where average rent per square meter was 10.44 EUR/month and median rent per square meter – 8.43 EUR/month. In the rental housing market of Riga, the largest demand is for renovated 2- and 3-room apartments, for apartments in new buildings, and 1-room apartments in the city centre (LATIO, 2016).