Georgia rent yields drop to 8.6% as Tbilisi landlords offer 10% discounts

Rent growth has flattened in Tbilisi

Tbilisi’s apartment rents have settled into a narrow band, with average asking prices for new 50 m² to 60 m² units holding near $9 to $10 per m² since 2024, according to Galt & Taggart. The citywide average reached $9.8 per m² in December 2025, with cheaper districts like Gldani, Samgori and Didube near $8.4 per m² and Vake around $14.2 per m².

Landlords are also showing more flexibility on lease length, utilities and price for reliable long-term tenants. Market reports and expat rental guides say discounts of 5% to 10% are now more common on 12-month-plus contracts.

Long-term tenants have more room to negotiate

The softer market matters most for expats, digital nomads, students and young professionals renting for a year or longer. Central districts such as Saburtalo, Vake, Vera and parts of Mtatsminda still draw steady demand, but the pressure that pushed rents higher in 2021 to 2023 has eased.

That’s also showing up in the numbers landlords watch. Rental yields have slipped from about 10.5% at the 2022 peak to 8.6% in December 2025, which has made dependable tenants more attractive than quick turnover.

Direct leases are where the savings are

Month-to-month and Airbnb-style stays still cost more, with furnished one-bedrooms in central areas often listed around $400 to $700 a month for direct long-term leases and short stays priced well above that. Comfortably budgeted nomads are now commonly putting $350 to $700 of a $1,000 to $1,500 monthly budget toward rent.

The best deals tend to go to tenants willing to sign longer contracts and move off booking platforms. Ask for building fees, internet and multi-unit pricing in writing before you sign.

Read our full Georgia guide for the complete picture and check our visa updates for more nomad news.