Latvia Rent Price Trends
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Most countries include rent prices within their Consumer Price Index (CPI/HICP), so inflation-adjusted figures are not available. Our Rent Price Index offers a clear, high-level view of rental market trends over time.
Quarterly change in rent prices
| Q1 | Q2 | Q3 | Q4 | |
| 2026 | 1.26% | |||
| 2025 | 1.63% | 0.18% | 1.67% | 3.23% |
| 2024 | 2.12% | 0.92% | 1.92% | 1.35% |
| 2023 | 2.15% | 3.01% | 1.55% | 1.88% |
| 2022 | 0.20% | 2.35% | 0.09% | -4.42% |
| 2021 | 1.16% | 0.07% | 0.57% | 2.33% |
| 2020 | 2.52% | -8.54% | 1.80% | 1.19% |
| 2019 | 1.02% | 0.76% | 0.98% | 0.14% |
| 2018 | 1.77% | 0.81% | 2.88% | 1.12% |
| 2017 | 0.20% | 0.24% | 0.01% | -0.08% |
| 2016 | -0.03% | 0.05% | -1.54% | 0.06% |
| 2015 | -0.55% | 1.23% | 0.69% | -1.70% |
| 2014 | 2.29% | 0.15% | 0.71% | 0.09% |
| 2013 | 0.91% | 1.12% | 0.86% | 1.86% |
| 2012 | 2.64% | 3.32% | 2.77% | 0.95% |
| 2011 | 0.99% | 0.31% | 1.55% | 2.16% |
| 2010 | -4.46% | 1.53% | 0.26% | 3.28% |
| 2009 | -4.68% | -10.78% | -9.09% | -5.67% |
| 2008 | 9.93% | 5.51% | 4.13% | 0.80% |
| 2007 | 4.84% | 7.18% | 5.40% | 2.85% |
| 2006 | 2.79% | 3.08% | 2.65% | 2.22% |
| 2005 | 2.44% | 9.25% | 0.39% | 2.15% |
| 2004 | 2.89% | 0.18% | 1.62% | 1.70% |
| 2003 | -0.60% | 0.15% | 2.18% | 1.93% |
| 2002 | 0.14% | 0.39% | -0.19% | 0.83% |
| 2001 | 2.02% | 0.47% | -0.58% | 0.16% |
| 2000 | 1.51% | 0.76% | 0.34% | 0.24% |
| 1999 | 2.97% | 0.63% | -0.89% | -0.06% |
| 1998 | 3.03% | 0.45% | -1.88% | -0.48% |
| 1997 | 5.51% | 0.50% | 48.29% | 13.29% |
| 1996 | 7.90% | 1.23% | -1.03% | -1.67% |
| 1995 | 4.58% | -2.42% | -0.12% |
This table shows the nominal change in rent prices during a single quarter.
Yearly change in rent prices
| Year | Nominal Change |
| 2026 | 6.46% |
| 2025 | 6.85% |
| 2024 | 6.46% |
| 2023 | 8.87% |
| 2022 | -1.89% |
| 2021 | 4.17% |
| 2020 | -3.41% |
| 2019 | 2.93% |
| 2018 | 6.73% |
| 2017 | 0.38% |
| 2016 | -1.46% |
| 2015 | -0.36% |
| 2014 | 3.26% |
| 2013 | 4.83% |
| 2012 | 10.02% |
| 2011 | 5.10% |
| 2010 | 0.44% |
| 2009 | -27.08% |
| 2008 | 21.73% |
| 2007 | 21.81% |
| 2006 | 11.17% |
| 2005 | 14.77% |
| 2004 | 6.52% |
| 2003 | 3.69% |
| 2002 | 1.17% |
| 2001 | 2.06% |
| 2000 | 2.88% |
| 1999 | 2.64% |
| 1998 | 1.06% |
| 1997 | 78.13% |
| 1996 | 6.29% |
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This table shows how house prices have shifted over the past year. It compares the latest quarter or month of the current year with the same period a year earlier, giving you a quick view of whether prices have risen or fallen.
