How much does it cost to rent a house in Beijing? Analysis of the latest rental data in 2023
With the arrival of the summer graduation season, Beijing’s rental market has once again reached its peak. This article will combine the hot topics and latest data on the Internet in the past 10 days (July 2023) to provide you with a detailed analysis of the current rental price situation in various regions of Beijing.
1. Comparison of rents in various administrative districts in Beijing
| administrative district | Average price of a single room (yuan/month) | Average price of one-bedroom apartment (yuan/month) | Average price of a two-bedroom apartment (yuan/month) |
|---|---|---|---|
| Chaoyang District | 3200-4500 | 5500-8000 | 7500-12000 |
| Haidian District | 3500-5000 | 6000-8500 | 8000-13000 |
| Xicheng District | 3800-5500 | 6500-9000 | 8500-15000 |
| Dongcheng District | 3600-5200 | 6200-8800 | 8200-14000 |
| Fengtai District | 2500-3800 | 4500-6500 | 6000-9000 |
2. Top 5 rents in popular business districts
| Ranking | Business district name | Average rent (yuan/㎡/month) | Year-on-year change |
|---|---|---|---|
| 1 | Guomao CBD | 185 | +3.5% |
| 2 | Zhongguancun | 178 | +2.8% |
| 3 | Financial Street | 172 | +4.1% |
| 4 | Wangjing | 165 | +2.3% |
| 5 | Asian Games Village | 158 | +1.9% |
3. Price comparison of rental types
According to the latest survey data, Beijing’s rental market mainly exhibits the following characteristics:
| Property type | average rent | Popular areas |
|---|---|---|
| Brand Apartment | 15-25% higher than ordinary houses | Chaoyang, Haidian, Yizhuang |
| Shared accommodation | 1,500-3,500 yuan/bed | Tiantongyuan, Huilongguan |
| Rent the entire property | 40-60% more expensive than shared accommodation | Core areas of each region |
4. Three key factors affecting rent
1.Transportation convenience: Houses within 500 meters of a subway station are generally 10-15% more expensive than other houses in the same area. Rents around the recently opened southern section of Line 16 have seen a 5-8% increase.
2.District Resources: The rent premium for "school district housing" around key primary and secondary schools is obvious. Taking the area around Experimental No. 2 Primary School in Xicheng District as an example, housing with the same conditions is 20-30% higher than in other areas.
3.Housing quality: For houses equipped with smart door locks, fresh air systems and other facilities, the rent can be 8-12% higher than ordinary houses.
5. New trends in renting in 2023
1.Rental popularity in suburbs rising: With the extension of rail transit, the number of rental inquiries in Daxing, Fangshan and other areas has increased by 35% year-on-year, and rents have increased by approximately 5%.
2.Demand for short-term rentals surges: The summer internship season drives daily rental and weekly rental business, and the price of short-term rental in some areas reaches 1.5-2 times that of long-term rental.
3.Standardization of shared housing: Beijing’s new co-living management regulations have increased the market share of branded co-living apartments to 28%.
6. Tips for saving money on renting
1. Choose a non-popular period (25th of each month to 5th of the following month) to view the house, and the bargaining space can reach 5-10%.
2. Consider sub-new housing communities, which are 8-12% cheaper than older communities in the same location.
3. If you rent a house through a formal intermediary platform, although you need to pay an intermediary fee, you can avoid additional costs caused by subsequent disputes.
Note: The above data is collected from the latest transaction data in July 2023 on platforms such as Lianjia, Beike, and Anjuke. The price range may fluctuate due to factors such as house area, decoration, floor, etc.
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