How much does it cost to rent in Shanghai? The latest data analysis for 2024
With the arrival of graduation season and job hunting peak season, Shanghai's rental market has once again become the focus. This article will combine popular topics and latest data on the entire network in the past 10 days, and analyze the current status of Shanghai's housing rentals from the dimensions of region, house type, price trends, etc.
1. Comparison of average rent prices in Shanghai in various regions (June 2024)
| area | One bedroom (yuan/month) | Two-bedroom (yuan/month) | Three-bedroom apartment (yuan/month) |
|---|---|---|---|
| Huangpu District | 7,800-9,500 | 12,000-15,000 | 18,000-22,000 |
| Xuhui District | 6,500-8,200 | 10,000-13,000 | 15,000-18,000 |
| Pudong New Area | 5,200-6,800 | 8,000-10,500 | 12,000-15,000 |
| Minhang District | 4,000-5,500 | 6,500-8,500 | 9,000-12,000 |
| Songjiang District | 3,000-4,200 | 4,800-6,500 | 7,000-9,000 |
2. Top 5 rent increases in popular business districts
| Business Circle | Current average price (yuan/㎡/month) | Monthly increase | Popular reasons |
|---|---|---|---|
| Foreshore | 135 | 8.7% | Emerging business district + school district effect |
| Daning | 118 | 6.3% | Commercial supporting facilities upgrade |
| Zhangjiang Hi-Tech | 105 | 5.9% | Enterprise enrollment expansion drives demand |
| Hongqiao Hub | 98 | 4.8% | The integration of the Yangtze River Delta is beneficial |
| Five-corner field | 112 | 4.5% | Demand surges in college graduation season |
3. Three new trends that affect rent
1.Talent Apartment Policy Increases: Shanghai has added 25,000 new units of affordable rental housing this year, and fresh graduates in some areas can enjoy a 20% discount on the market price.
2.Changes in rent payment methods: Nearly 30% of landlords accept "one deposit and one payment", but they need to purchase additional rental insurance (annual fee is about 10% of the monthly rent).
3.Short-term rental demand grows: The summer internship season has spawned a large number of short-term rental properties for 3-6 months, with prices 15%-20% higher than long-term rentals.
4. Guide to avoid pits by renting a house
•Beware of false housing sources: Monitoring on a certain platform shows that among the 20% of the properties below the market price, 83% of them have faked pictures/addresses
•Clarify the details of the fees: In addition to rent, property fees (usually 2-5 yuan/㎡) and network fees (100-200 yuan/month) need to be confirmed in advance
•Key terms of the contract: It is recommended to clarify that "the annual increase shall not exceed 5%" (commercial practice in most regional industries in Shanghai)
5. Expert forecast: Rental trend in the second half of the year
| Time period | Predicted increase | Main influencing factors |
|---|---|---|
| July-August | 3%-5% | Graduates join the job |
| September-October | Stable fluctuations | Traditional off-season + policy regulation |
| November-December | 1%-2% | Subsidies for talent introduction in some regions expire |
Overall, Shanghai rents are"The core area stabilizes and emerging areas rise"The characteristics of this article are recommended that renters give priority to the outer areas of 1-3 stations along the subway, which is more cost-effective. Trading through formal platforms and retaining complete communication records can effectively reduce the risk of renting a house.
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