Question 1

How much does it cost to rent an apartment in Nork-Marash, Yerevan?

Accepted Answer

Half of the listings in this selection cost more than $936 per month and half cost less. Nine out of ten are between $551 and $1,023. This is the median of our current listings, not the average, because a few very expensive listings push the average up.

Question 2

How many options are available now?

Accepted Answer

There are 14 listings in this selection. The list comes from the WSE.AM database: a listing disappears as soon as it is rented or sold, so there are no outdated offers here.

Question 3

What size are the apartments in this selection?

Accepted Answer

A typical apartment is 49 m², about $17 per square metre per month. In Armenia rooms are counted including the living room, so a 2-room apartment usually has one bedroom.

Question 4

Is this more or less expensive than the district average?

Accepted Answer

Cheaper by about 9%: the median of all apartments in the district is $1,024 per month, in this selection it is $936. Both figures come from the same database, so they can be compared directly.

Question 5

What counts as affordable here?

Accepted Answer

We do not set the threshold by hand: the selection includes listings cheaper than 80% of the district median, and the median is recalculated from our database every night. The border moves with the market.

Question 6

What do I need to rent an apartment in Yerevan as a foreigner?

Accepted Answer

A passport, the first month's rent and a deposit. The deposit is usually equal to one month's rent but is agreed with the owner. We prepare the lease, help with moving in and record the meter readings; a foreigner needs nothing else to rent.