The ranking of Swiss cantons with the cheapest and most expensive homes to rent has been revealed

Rating

The latest study from the Federal Statistical Office (FSO) revealed which Swiss cantons have the cheapest and most expensive rental housing. The tenants in one region of Switzerland have to pay nearly 400 francs more per month than the country's average.

Home ownership rate

According to the latest data, 1.4 million households owned property in Switzerland in 2022, compared to 2.4 million who rented it. This means that only 36% of the Swiss population own their own home, amounting to one of the lowest home ownership rates in Europe.

Home ownership rates were lowest in the canton of Basel-Stadt, where only 15.5% of households own properties. The Rates were also low in Geneva (18.9%), Zurich (26.8%) and Vaud (30.1%), while the highest homeownership rate was recorded in the canton of Valais at 53.8%.

The most affordable place to rent a home in Switzerland

In 2022, the average rental prices in Switzerland stood at 1,412 francs per month, which is 1.3% more than in 2021. However, with rental costs rising multiple times across 2023 , this average will likely rise once the data from last year is collected.

The study has revealed that the cheapest place to rent an apartment in Switzerland was in the canton of Jura. The average rental price in 2022 in this canton was 961 francs per month, more than 400 francs per month less than the national average. Switzerland's youngest canton was followed by Neuchâtel (1,506), Valais (1,177), Ticino (1,211) and Glarus (1,215).

The most expensive place to rent a home in Switzerland

The study ranked the canton of Zug as the most expensive place to rent a house or apartment in Switzerland.

There, average monthly rental costs stood at 1.850 francs a month in 2022, 900 francs a month more than Jura, 290 francs more than Zurich in second place and 400 francs more than the Swiss national average.

Zug's position at the top of the rankings is perhaps not a surprise, given that the city and its surroundings are often ranked as the best and most expensive places to live in Switzerland, with Comparis once finding that the cost of a 4.5-room apartment in Zug itself is now ranges from 2,900 to 9,900 francs per month. In fact, in September, the ongoing shortage of affordable housing forced lawmakers to debate a motion that would have restricted affordable housing access to locals and Swiss citizens.

10 Swiss cantons with the highest rental costs:

1. Zug (1.850)
2. Zurich (1.654)
3. Schwyz (1.616)
4. Geneva (1.504)
5. Nidwalden (1.495)
6. Basel-Land (1.468)
7. Vaud (1.416)
8. Aargau (1.415)
9. Lucerne (1.411)
10. Basel-Stadt (1.379)

10 cantons with the lowest average rents in Switzerland:

1. Jura (986)
2. Neuchâtel (1.056)
3. Valais (1.177)
4. Ticino (1.211)
5. Glarus (1.215)
6. Solothurn (1.221)
7. Uri (1.222)
8. Appenzell Ausserrhoden (1.236)
9. Schaffhausen (1.242)
10. Bern  (1.259)

Source: I am Expat      

Photo by Tim Trad on Unsplash

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