Israeli Rental Prices Dip Slightly in August, Up 3.7% Year-on-Year
WeCheck data shows average Israeli rents dropped 0.8% in August to 5,063 NIS, yet remain 3.7% higher year-on-year, with Jerusalem surging 7.4% and Tel Aviv averaging 6,905 NIS.
The rental market in Israel is showing signs of slight moderation, with the average nationwide rent standing at 5,063 NIS in August, a 0.8% decrease compared to July when the average price was 5,104 NIS. According to data from WeCheck, different apartment types experienced diverging trends. While 1-3 room apartments saw a slight increase of 0.2% in average rent to 4,328 NIS, larger 4-5 room apartments recorded a 2.1% drop to 6,451 NIS.
Annual Price Trends and Urban Comparison
Despite the monthly dip, rental prices remain significantly higher than levels recorded in August of the previous year. The average national rent is 3.7% higher compared to August 2025. Smaller apartments registered an annual increase of 3.3%, whereas 4-5 room apartments climbed by 4.2%.
Among prominent cities, Jerusalem stands out with average rents surging by 7.4% compared to August 2025. Tel Aviv-Yafo registered a 3.6% annual increase, while Ashdod saw a modest rise of 0.7%. Conversely, the sharpest annual decrease was recorded in Herzliya, where rental prices dropped by 3.8%.
Rental prices across major cities currently stand at:
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Tel Aviv: 6,905 NIS
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Herzliya: 6,263 NIS
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Jerusalem: 5,758 NIS
Market Equilibrium and Future Outlook
Rami Ronen, CEO of WeCheck, commented on the current market dynamics, emphasizing that it is too early to declare a definitive trend reversal.
"The moderate drop in rental prices over the past month points to signs of moderation, but it is still too early to talk about a trend reversal. Prices are still 3.7% higher compared to last year, and the annual increase in large apartments is even higher, reaching 4.2%."
"We currently see a market in a delicate balance: supply is high, prices are moderating slightly in the last month, but the price level is still higher than it was a year ago. The coming months will be significant in understanding whether this is a seasonal moderation at the end of summer or the beginning of a broader change in the rental market," Ronen added.
