Yerevan Apartment Prices 2026: Price per sq m by District

By WSE.AM editorial team, edited by Mark Muzyka · Updated 8 October 2026

Real Yerevan apartment prices in fall 2026: median price per square meter in every district, rent levels, and why prices within one district vary twofold.

Yerevan Apartment Prices 2026: Price per sq m by District

How much does a square meter cost in Yerevan, district by district?

The short answer: prices across the city differ almost twofold, and the district is what drives the gap. Here are the median purchase prices from our own catalog for fall 2026, in US dollars per square meter. Kentron (the city center) is around 3,400 and leads by a wide margin. Arabkir is around 2,550, Davtashen around 2,500, Malatia-Sebastia around 2,200, Achapnyak around 2,000, Shengavit around 1,970, Avan around 1,860, Nor Nork around 1,810 and Kanaker-Zeytun around 1,800. Note that Arabkir and Davtashen are almost level, even though they feel very different: Arabkir is closer to the center and older, Davtashen is newer and quieter. Keep in mind that a median is the middle of the list, not an average: half the apartments cost less, half cost more, and within a single district the cheapest and the most expensive listings differ by a factor of two. The biggest price drivers are the condition of the apartment, the type of building, the floor and the exact location inside the district.

Ask "how much is an apartment in Yerevan?" and you usually get a useless answer: either the cheapest figure from the outskirts or the price tag of a new build in the center. The truth is that the range is huge, and it is decided not by the city as a whole but by the specific district, building and renovation. The figures below come from our own catalog for fall 2026 and are calculated from active listings, not from gut feeling.

Price per square meter by district

Median purchase price, US dollars per square meter:

Kentron - around 3,400 per m². The center leads by a wide margin.
Arabkir - around 2,550 per m².
Davtashen - around 2,500 per m².
Malatia-Sebastia - around 2,200 per m².
Achapnyak - around 2,000 per m².
Shengavit - around 1,970 per m².
Avan - around 1,860 per m².
Nor Nork - around 1,810 per m².
Kanaker-Zeytun - around 1,800 per m².

The gap between the center and the residential districts is almost twofold. Meanwhile, Arabkir and Davtashen are nearly level, even though they are very different places: Arabkir is closer to the center and older, Davtashen is newer and quieter.

What the median hides

A median is the middle of the list, not an average. Half the apartments cost less, half cost more, and within one district the extremes differ by a factor of two. In Yerevan, four things affect the price most:

1. Condition. In the same building, an apartment without renovation and one with a fresh renovation and furniture differ by 20-35%. In older Soviet-era housing the gap is even wider. 2. Building age and type. Monolithic concrete buildings and modern new builds cost more than panel blocks in the same district. 3. Floor and view. Upper floors with a view of Mount Ararat sell at a premium, while the ground floor is almost always cheaper. 4. Size. Small apartments cost more per meter: a 35 m² studio is more expensive per square meter than a three-room apartment in the same entrance.

How much is rent?

Based on active listings in fall 2026, the medians are:

One-room apartment (a studio or a single room plus kitchen) - around $820 a month.
Two-room apartment (usually a living room plus one bedroom) - around $1,180 a month.
Three-room apartment (usually a living room plus two bedrooms) - around $1,370 a month.

For a two-room apartment, the district picture looks like this: Kentron around $1,375, Arabkir around $1,200, Nork-Marash around $1,100, Erebuni and Malatia-Sebastia around $1,050, and Davtashen, Nor Nork, Shengavit and Avan around $900.

One important detail: the rent gap between the center and the outskirts is smaller than the purchase gap. To buy, the center costs almost twice as much; to rent, only about one and a half times as much. This is one of the reasons rental yields in residential districts are often higher than in Kentron.

Why listing prices and sale prices differ

The price you see in a listing is the seller's asking price. The actual deal usually closes lower, and the size of the discount depends on how long the property has been on the market. A fresh listing in a sought-after district has almost no room for bargaining. An apartment that has been on sale for three months will typically give 3-7%, sometimes more.

New builds are a separate story. There the price is rarely negotiable, but the payment schedule, the finish and what is included in the price are. In many projects a developer installment plan is real and interest-free for the construction period.

Which currency to use

Prices in Yerevan are quoted both in US dollars and in Armenian dram (AMD). Owners usually name a dollar figure, while the deal itself is settled in dram at the exchange rate of the day. For a buyer, this means the final amount depends on the rate on the day of the deal, and the contract fixes the dram amount. If you are used to budgeting in rubles or another home currency, that is fine, but the dollar is still the reference point to follow.

How to use these figures

These medians are useful as a starting point, not as a price list. The right order is: choose a district based on your lifestyle rather than price, then look at real listings there and understand what your budget covers, and only after that negotiate on a specific apartment.

If you are not sure which district to start with, we have detailed guides to each one: Kentron, Arabkir, Davtashen, Nor Nork and the rest.

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Apartments in Yerevan | Rentals | New builds - current properties with prices, updated daily.

_Photo: Vyacheslav Argenberg, CC BY 4.0, Wikimedia Commons. Image resized._

Frequently asked questions

Which district of Yerevan is the most expensive per square meter? Kentron: the median is around $3,400 per square meter in the wse.am catalog for fall 2026, well ahead of the rest. Next come Arabkir at around $2,550 and Davtashen at around $2,500.

How much does it cost to rent a two-room apartment in Yerevan in 2026? The median across active listings in fall 2026 is around $1,180 a month. In Kentron it is around $1,375, in Arabkir around $1,200, and in Davtashen, Nor Nork, Shengavit and Avan around $900.

How much can you negotiate when buying an apartment in Yerevan? It depends on how long the property has been on the market. A fresh listing in a sought-after district has almost no room for bargaining, while an apartment on sale for three months usually gives 3-7 percent, sometimes more.

How much does renovation affect the price of an apartment in Yerevan? A lot: in the same building, an apartment without renovation and one with a fresh renovation and furniture differ in price by 20-35 percent. In older housing the gap is even wider.