Tallinn's rental market shifts as landlords compete for shrinking tenant pool
Tallinn’s rental market is facing growing competition among landlords as more residents leave the city. The trend is particularly noticeable in Lasnamäe, where population numbers have dropped. At the same time, tenants now have more power to negotiate rental terms and prices. In 2025, Lasnamäe lost 683 residents to internal migration and another 312 to external migration. This outflow has contributed to a shift in the rental market, where landlords now compete more aggressively for tenants.
Currently, around 1,500 rental listings are available in Tallinn, with an average price of €15 per square metre. The most expensive areas remain Kristiine and Põhja-Tallinn, where rents can exceed €20 per square metre. Meanwhile, older apartments with Soviet-era furniture and no renovations are struggling to attract tenants. Tenant demand has also led to changes in lease agreements. More renters are pushing back against automatic annual rent increases, giving them greater control over rental conditions.
The decline in population, especially in districts like Lasnamäe, has reshaped Tallinn’s rental landscape. Landlords now face stronger competition, while tenants benefit from more bargaining power. Older, unrenovated properties are losing appeal as demand shifts toward modernised housing.
