Curious about the performance of short-term rentals in Budapest, Hungary? Over the last year, the average occupancy rate was 68% with an ADR (Average Daily Rate) of 85€. Hosts earned on average 1666€ per month.

90-day occupancy forecast for Budapest so you can update rates and stay ahead of competitors.
Key metrics to optimize your pricing strategy
Avg. Monthly Revenue
1666€
$1516 USD
YoY Revenue Change
6%
vs. previous year
Occupancy Rate
68%
~20 days/month
Average Daily Rate
85€
$77 USD
Seasonality Index
56%
demand variation
Best Months
August, May
peak season
Worst Months
January, February
low season
Our AI-powered platform automatically optimizes your rates. Maximize your revenue with intelligent dynamic pricing.
Over the analysis period 2025-06 to 2026-05, Budapest averaged 68% occupancy at an 84€ ADR, producing about 1,635€ in average monthly revenue across roughly 246 booked nights a year. Because Budapest is the only Hungarian city ListingOK tracks with full data, it effectively sets the national benchmark itself, it is the country's reference market rather than an outlier above or below peers.
The numbers describe a high-occupancy, modest-rate market: 68% filled nights is healthy, but the 84€ ADR is low by Western-European standards, confirming that Budapest hosts earn through consistent bookings rather than premium pricing. Year-on-year revenue growth was a slim 3%, and the 57% seasonality index (with August and May as the strongest months and January and February the weakest) shows revenue is concentrated in summer, so off-season pricing discipline is essential to protect the annual total.
Average occupancy rate by month in Budapest, compared with the same month a year earlier.
| Month | Occupancy | Prior year |
|---|---|---|
| Jul 2025 | 64.4% | 67.1% |
| Aug 2025 | 72.9% | 73% |
| Sep 2025 | 75.5% | 74.3% |
| Oct 2025 | 73.3% | 71.5% |
| Nov 2025 | 69.8% | 69% |
| Dec 2025 | 77.8% | 76.5% |
| Jan 2026 | 55.2% | 52.3% |
| Feb 2026 | 68.5% | 64.7% |
| Mar 2026 | 65.7% | 62.7% |
| Apr 2026 | 71.1% | 73.7% |
| May 2026 | 73.4% | 69.9% |
| Jun 2026 | 66.1% | 65.3% |
📌 Historical trends reveal seasonal highs – plan accordingly.
These figures reflect real-time demand in Budapest, helping you plan and price strategically.
Budapest is the only Hungarian market with enough listing density to track, and it runs on a steady flow of European city-breakers, thermal-spa visitors, and a heavy nightlife crowd drawn to the Erzsébetváros ruin bars. The Danube split is the city's organising logic: the flat Pest side holds the Parliament, St. Stephen's Basilica, the State Opera on Andrássy Avenue, and the famous bar scene, while hilly Buda offers the Castle District, Matthias Church, and the Gellért and Széchenyi thermal baths. Guests are overwhelmingly short-stay leisure travellers, with the city's role as a Hollywood production hub adding pockets of longer corporate demand.
Affordability versus Western Europe keeps demand resilient: travellers get a UNESCO-listed riverfront, spa culture, and a budget-friendly food and drink scene at well below Vienna or Prague prices. That value positioning is exactly what fuels short-term-rental occupancy here, but it also means hosts compete on a thin nightly rate and must lean on volume and high occupancy rather than premium pricing.
Peak season is summer, roughly May through September, with July and August the clear high point, these two months alone account for the largest share of Hungarian accommodation demand. The single biggest demand spike is the Sziget Festival on Óbuda Island (11-15 August 2026), one of Europe's largest music festivals, which fills the city with younger international guests and lets hosts push rates hard for a week. The Budapest Spring Festival (2-17 May 2026) and the long Christmas-market run at Vörösmarty Square and St. Stephen's Basilica (mid-November to New Year) lift the shoulder and winter periods.
The low point is deep winter: January and February are the weakest months, when cold, short days and post-holiday lull thin out leisure travel. The API's 57% seasonality index for Budapest signals a meaningfully uneven year, so dynamic pricing (premium August and December rates funding discounted January and February stays) is what separates a strong calendar from a half-empty one.
Central Pest is the core short-term-rental territory. District V (Belváros-Lipótváros) is the elegant downtown by the river (Parliament, the Basilica, Váci utca) and supports the highest nightly rates and the most stable, year-round leisure demand. District VII (Erzsébetváros), the historic Jewish Quarter, is the party district built around Szimpla Kert and the Gozsdu Udvar; it delivers very high occupancy from a young, nightlife-driven crowd but draws noise complaints and tighter scrutiny. District VI (Terézváros), home to Andrássy Avenue and the Opera, traditionally sat between the two.
The districts now diverge sharply on regulation, which matters more than location for new operators. Buda (the Castle District in District I and the leafy hillside areas) caters to quieter, slightly longer stays around the baths and historic sights, at lower turnover but with fewer regulatory headaches. Outer Pest districts such as VIII and IX offer cheaper entry but thinner, more price-sensitive demand.
Budapest has moved decisively to restrict short-term rentals, and the rules now vary by district rather than applying citywide. The headline change: District VI (Terézváros) imposed a full ban on apartment-style short-term lets effective 1 January 2026, setting permitted accommodation days to zero under municipal decree, a measure upheld by Hungary's Supreme Court, which removed roughly 2,700 listings from that district alone. Several other central districts (I, V, VII, VIII) have debated similarly strict limits.
Across Budapest, a moratorium blocks new short-term-rental registrations: no new NTAK registration numbers are being issued through 31 December 2026, so existing licensed properties carry scarcity value and new entrants cannot simply launch. Operators must register with the NTAK national tourism data system, pay tourist tax, and comply with their specific district's day caps. Anyone buying to let in Budapest should verify the target district's current status before committing, because a property in District VI cannot legally operate at all.
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* Calculations based on 30 days/month. Actual results may vary depending on market, season, property type, and implemented strategy.
Budapest averaged about 68% occupancy over the 2025-06 to 2026-05 period, equating to roughly 246 booked nights per year. That is a healthy, high-occupancy figure driven by steady European city-break and nightlife demand, though hosts earn through volume rather than high rates: the average daily rate sits around 84€, low by Western-European standards.
Summer is peak, with July and August carrying the heaviest demand, the Sziget Festival (11-15 August 2026) is the single biggest spike. May is also strong, helped by the Budapest Spring Festival, and December gains from the Christmas markets. January and February are the weakest months, so use dynamic pricing to push summer and holiday rates and discount the winter lull.
Yes, and the rules tightened sharply for 2026. You must register with Hungary's NTAK national tourism system and pay tourist tax, but a moratorium blocks all new registrations through 31 December 2026. District VI (Terézváros) banned apartment short-term lets entirely from 1 January 2026. Always check the specific district's current day caps and status before buying.
District V (downtown, by the river) commands the highest rates and steadiest year-round demand, while District VII, the party-driven Jewish Quarter, delivers very high occupancy but more scrutiny. Buda's Castle District suits quieter, spa-oriented guests. Critically, avoid District VI, where short-term lets are now banned, and confirm any district's regulatory status before committing.