Accommodation in Istanbul

Accommodation in Istanbul
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Updated 2019-07-05 13:48

If you are going to live in a city with historical heritage and still looking for modern life, Istanbul has got a lot to offer. With its various attractions, entertainment, and social facilities, Istanbul is one of the most popular cities in the Middle East. Every year, Istanbul welcomes newcomers in large numbers with its unstoppable energy. Stretching over 1,830 square metres, the city is huge and is divided into different neighbourhoods. Find out more about accommodation in Istanbul and renting conditions.

An overview of Istanbul

With its 17 million inhabitants, Istanbul is the economic capital of Turkey. The city attracts people from around the world, especially those who are looking to work or invest in Turkey. Due to its fast-growing potential, Istanbul can boast an extensive infrastructure and numerous property development projects. Public transportation facilities are also developing alongside new infrastructure projects.

Economic opportunities make the city home to one of the most critical infrastructure development projects in the world. The third bridge spanning over the Bosporus, which is the world's third largest airport, has been attracting even more real estate projects, thus sustaining its growth for the coming few years.

Popular districts of Istanbul

Beşiktaş, along its coastal side, reaching through Arnavutköy and Bebek, is a popular area for Istanbul lovers. There are many apartments with a view of Bosporus, and the area is suitable for family life.

For those who would like to decrease the time spent commuting, the best places to live in is Levent and its surroundings. Basın Ekspres road, Esenler and Bahçelievler are other districts that have developed significantly in recent years.

Renting options in Istanbul

Istanbul offers various options for everyone's taste and budget. For those who would like to live in large houses without spending too much on rent, Zekeriyaköy is the best solution. However, the district is quite far from the city centre of the city. Rent prices in Zekeriyaköy for large garden houses start from 5 thousand liras and can go up to 20 thousand liras. You will also find traditional Turkish houses known as 'konak' at varying prices. These houses are large and suitable for large families.

BeyoÄlu and Taksim are two interesting areas. In BeyoÄlu, for example, rent prices start from 2 thousand liras. Some property owners also choose to rent only one room in their houses. Besides, rent prices are negotiable.

Good to know:

In general, lease conditions depend on the landlord but the duration of the lease contract varies between one and five years.

Rent prices in Istanbul

The cost of living in Istanbul is very low compared to European cities, keeping in mind that there are many options both for families and solo expats. However, the quality of the apartments usually differs from one neighbourhood to another. Some neighbourhoods like Kuzguncuk and Beylerbeyi, in the Anatolian part of the city, have historical value. Besides, living in an apartment in one of these areas can be a real pleasure since they are close to Bosporus.

In the city centre, you can get an apartment for rent for as little as 2,500 Turkish Liras. Prices tend to get higher as you move closer to the coastal regions. A typical apartment in Bebek or Arnavutköy will cost around 4 thousand Turkish Liras. In Şişli and Beşiktaş, flat rents are the highest. These usually start at 3 thousand liras and go up to 15 thousand liras. If you are looking for a budget apartment, consider the inner parts of Şişli and Mecidiyeköy where rent range from 2,000 to 4,000 liras.

On the Anatolian side of the city, like in Kadıköy, rent prices generally range from 2,000 to 4,500 liras. As you get close to BaÄdat Avenue, they rise to 5,000 to 6,000 Turkish Liras.

Chosing a place to live in

Due to the bustling traffic in Istanbul, most working people prefer to live in residential areas like TOKİ and Avrupa Konutları so that they don't have to spend a lot of time commuting. Also, these areas are cheaper compared to the city centre. You can find a charming new home for around 2 thousand liras.

Parking is another issue in Istanbul. Most newly-built projects have their own parking lots. On the other hand, in the old parts of the city, you can only find private parking lots and these are quite expensive.

Useful links:

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