Furnished Apartments For Rent are a popular option in Israel’s urban rental market, offering convenience and flexibility for tenants who prefer to avoid the cost and hassle of purchasing furniture. These apartments are particularly relevant for new immigrants, students, and professionals on temporary assignments. In this guide, we will explore pricing, market availability, renter profiles, pros and cons, and practical considerations of furnished rentals in Israel.
Current Market Landscape
Price Analysis
Furnished apartments typically rent at a premium compared to unfurnished units, with price differences ranging from ₪500 to ₪1,500 per month depending on location and quality of furnishings. In Tel Aviv, for example, furnished one-bedroom apartments often cost between ₪6,500 and ₪9,000 per month. The average rental price per square meter for furnished properties in central urban areas stands around ₪120–₪150, reflecting the high demand and limited availability. Over the past two years, prices have risen steadily, in line with broader rental market trends.
Inventory and Demand
Furnished apartments make up a smaller portion of the overall rental market, estimated at 15–20% of available units in major cities. Demand is consistently high due to the influx of international workers, students, and short- to mid-term residents. Inventory is especially tight in central Tel Aviv, Jerusalem, and Herzliya, where furnished rentals are most sought after. In smaller cities, supply is more limited, and demand is lower but stable.
Key Neighborhoods
- Tel Aviv – Rothschild Boulevard: Known for its central location and vibrant lifestyle, this area attracts young professionals seeking furnished rentals.
- Jerusalem – German Colony: Popular with expatriates and diplomats, offering a mix of modern and historic furnished apartments.
- Herzliya Pituach: A hub for high-tech professionals, with many luxury furnished rentals catering to international workers.
- Haifa – Carmel Center: Favored by students and medical professionals, offering a balance of affordability and convenience.
- Ramat Gan – Bursa District: Well-connected to Tel Aviv’s business center, appealing to short-term corporate tenants.
Ideal Buyer/Renter Profile
The typical renter of furnished apartments is an international professional on assignment, a student studying in Israel, or an immigrant (oleh chadash) in transition. Their primary motivation is convenience—arriving in Israel without the need to buy or ship furniture. Flexibility is also crucial, as many of these tenants seek short- to medium-term leases while maintaining mobility.
Advantages of Furnished Apartments For Rent
- Immediate move-in convenience without the need to purchase or transport furniture.
- Ideal for short-term stays, offering flexibility for professionals and students.
- Often located in central, high-demand neighborhoods close to universities, business hubs, or diplomatic centers.
Disadvantages and Challenges
- Rental premiums compared to unfurnished apartments can be significant.
- Furnishings may not always match the tenant’s style or comfort preferences.
- Lease terms may restrict modifications or replacement of provided furniture.
Practical Considerations
Beyond the rental cost, tenants must account for municipal property tax (Arnona), which varies by city and apartment size, typically ranging from ₪500 to ₪1,200 per month for a standard urban apartment. Building maintenance fees (Va’ad Bayit) are also common, averaging ₪200–₪600 per month depending on building amenities. From an investment standpoint, furnished apartments can yield higher rental returns, often between 4%–6% annually, though this comes with higher tenant turnover and increased maintenance costs due to wear and tear on furniture.
Market Comparisons
Compared to unfurnished apartments, furnished rentals are more expensive but offer greater convenience and flexibility. They compete closely with serviced apartments, which typically include utilities and cleaning services but at an even higher premium. For long-term residents, unfurnished apartments are usually more cost-effective, while furnished options cater better to short- and medium-term tenants.
Frequently Asked Questions (FAQ)
Question: Are furnished apartments more expensive than unfurnished ones?
Answer: Yes, they generally cost ₪500–₪1,500 more per month due to the added convenience of furniture and appliances.
Question: What is usually included in a furnished apartment in Israel?
Answer: Most furnished units include basic furniture such as a bed, sofa, dining set, and appliances like a refrigerator, oven, and washing machine.
Question: Are furnished rentals available for short-term leases?
Answer: Yes, many landlords prefer offering furnished apartments on short- to medium-term contracts, especially in cities with high demand from students and professionals.
Question: Who is responsible for damaged furniture during a lease?
Answer: Typically, the tenant is responsible for damages beyond normal wear and tear, as outlined in the rental agreement.
The Expert Take
Furnished Apartments For Rent in Israel serve a vital role in the housing market, providing flexible living solutions for those who prioritize convenience and mobility. While they carry a higher monthly cost, they remain a preferred choice for international professionals, students, and new immigrants. To discuss your specific needs, contact our real estate specialists for a personalized consultation.
