In October, the number of apartment rental inquiries dropped by as much as 40 percent compared to September, and year-over-year demand decreased by approximately 18 percent, based on data from “Rzeczpospolita.”

The weakening is due, among other things, to the end of the academic season and a shift in the tenant mix.

Meanwhile, supply remains high. Last month, there were over 58,000 active rental listings on portals. Studios and two-bedroom apartments continue to be the most popular, while larger units remain empty the longest.

The decline in demand is directly impacting rental prices, falling by 2-4 percent in many major cities from the previous month.

According to “Rzeczpospolita,” landlords are increasingly reducing prices, offering discounts of up to several hundred złoty (c. €120-€180), or even offering properties for sale simultaneously. These reductions also apply to new, higher-end apartments, which previously rented out much faster.

The profitability of apartment rentals is also declining slightly. Investing in apartment rentals is becoming more difficult due to rising maintenance costs, regulatory risks, and competition from institutional rental companies.

According to “Rzeczpospolita,” increased interest in renting can be expected towards the end of the year, as some people will want to secure an apartment for themselves, fearing possible price increases starting in January. However, analysts emphasize that the market is heading towards a “soft landing” rather than a sharp price correction.