Tel Aviv is known as Israel’s vibrant cultural and financial heart, and its real estate market reflects that status. The cost of a new 4-room (which in Israeli terms means a 3-bedroom plus a living room) apartment can vary dramatically depending on the neighborhood, the project’s level of luxury, and its proximity to the beach or city center.
As of late 2025, anyone looking to understand how much a new 4-room (3-bedroom) apartment in Tel Aviv costs should be prepared for prices that are among the highest in the country.
Central and North Tel Aviv: The Prime Locations
The most expensive properties are found in the city’s central and northern neighborhoods.
- Old North (Yashan Tzafoni) & City Center: In these highly desirable areas, known for their leafy streets, cafes, and proximity to both the beach and cultural hubs, a new 4-room apartment in a boutique building or a luxury tower will typically start at around 8 million to 12 million NIS. In ultra-premium projects, prices can soar even higher.
- Neighborhoods like Neve Tzedek and Rothschild: These iconic areas blend historic charm with modern luxury. A new-build apartment here is a rare find and comes with a premium price tag, often starting from 10 million NIS and up.
South and East Tel Aviv: More “Affordable” Options
For those looking for slightly lower prices, the southern and eastern parts of the city offer opportunities, especially in neighborhoods undergoing urban renewal.
- Florentin and Yad Eliyahu: These areas are popular with a younger crowd and are seeing significant new development. A new 4-room apartment here might be found in the range of 4.5 million to 6.5 million NIS. While more affordable, prices have been rising steadily as these neighborhoods gentrify.
- Jaffa (Yafo): Jaffa offers a unique blend of old and new. In the redeveloped parts of Jaffa, particularly near the port or in the Ajami neighborhood, new luxury projects are available. Prices for a 4-room apartment can vary widely, from 5 million to over 9 million NIS, depending on the specific location and view.
Key Factors Influencing the Price
Beyond the neighborhood, several factors will impact the final cost:
- Proximity to the Sea: The closer you are to the Mediterranean, the higher the price. An apartment with a sea view will carry a significant premium.
- Project Specifications: High-end finishes, a doorman, a gym, a pool, and underground parking will all add to the cost.
- Urban Renewal Projects: Apartments in buildings undergoing TAMA 38 (seismic retrofitting and expansion) or Pinui-Binui (demolition and reconstruction) can sometimes be purchased at a slight discount before the project is completed, but this comes with its own set of risks and longer timelines.
In summary, the cost of a new 4-room apartment in Tel Aviv is substantial. While you might find options starting around 4.5 million NIS in developing neighborhoods, prices in the city’s prime locations are often double that or more. It’s essential to research specific projects and neighborhoods thoroughly to find a property that fits your budget.
