Rent in Lyon: A complete guide to the dynamic real estate market

Lyon is a historic French metropolis in the Rhône-Alpes region, one of the country's key strongholds and a major European commercial hub. The Lyon area is at the forefront of technology, creativity, and vibrancy, offering a wide array of attractions. To put it simply, it captivates both visitors and massive investments alike. But what does the real estate market look like? Which sectors are worth investing in, and how do you go about renting or acquiring property? In this article, we will decode everything you need to know about the market and, specifically, the current cost of rent in Lyon.

Focus on the Lyon Real Estate Market

Lyon benefits from a flourishing real estate market. Generally speaking, the current market is extremely attractive, particularly in the city center (hyper-centre). While prices rise annually, this does not seem to have deterred investors from targeting strategic properties. There is significant land available in this area, and several new housing development programs are currently underway.

On one hand, there is a large and diverse assortment of property types available. On the other hand, the market is dominated by apartment offers, especially toward the city center. Studios and one-bedroom apartments are readily available for students seeking competitive rent in Lyon. However, if you are looking for a full house, you will likely need to prospect on the outskirts of the city.

What is the Average Rent per m² and Apartment Type in Lyon?

The cost of rent in Lyon varies significantly by district (arrondissement). The average rental price in Lyon 2 and Lyon 6 now sits around €21.50/m², while the price per m² in Lyon 3 and Lyon 7 is closer to €18.90.

Based on these current estimates, a furnished one-room apartment in Lyon costs approximately €27.10/m². The average rent in Lyon for an unfurnished one-room apartment drops to €23.40. For a two-room apartment, the ratio between furnished and unfurnished moves to €20.50 / €18.20 per m². For three-room apartments, the average is €19.20 / €16.90, and finally €17.80 / €15.80 for larger surfaces.

Which Neighborhood is Best for Living in Lyon?

The 1st and 7th districts are highly sought after by those who enjoy trendy and lively neighborhoods, offering a wide range of entertainment. However, the cost is comparable to the 2nd, 3rd, and 8th districts, which are considered the most prestigious and affluent areas of the city. The 6th district, meanwhile, is an excellent choice if you wish to reside in a more peaceful sector. Although rental costs there are reasonable, the number of available options is limited. In fact, it is in the 9th district that you will find the most affordable rent in Lyon.

Renting in Lyon with Colonies

Renting a home in Lyon can seem like a daunting task. Yet, it is a particularly cost-effective option. Indeed, rent in Lyon is roughly 20% cheaper than in Paris, for example. Administrative procedures for finding and renting a house, studio, or apartment can sometimes be very complex. Colonies simplifies your move to the "City of Gones." The process is seamless:

• Trust Colonies to guide you through the steps

• Anticipate security deposit and guarantee requirements

• Select a property to rent

• Validate the lease conditions together

• Sign the lease

Colonies provides its residents with housing solutions perfectly tailored to their requirements. They are designed to reinvent your vision of urban living. With us, you won't just find a roof over your head, but a place to truly thrive. Booking a studio, room, or apartment with us is entirely digital. Documents are secured online, and transactions are conducted under the highest conditions of reliability.

Already present in the city's strategic neighborhoods, Colonies continues to expand. Be sure to check our platform regularly to discover our current availabilities and secure your future rent in Lyon.