Apartment prices in Israel are falling, rent continues to rise

Two market studies show conflicting trends in Israel's housing market: prices for 4-room apartments in the third quarter fell by 0.8% year-over-year, while rent in October rose by 3.4% compared to last year, reaching an average of 5,062 shekels per month.

Two market studies obtained by Ynet show conflicting trends in Israel's housing market. According to the first analysis, prepared by expert Ohad Danus, prices for 4-room apartments in the third quarter of 2026 fell by an average of 0.8% compared to the same quarter last year. However, behind this average lie significant differences: the sharpest annual decline was recorded in Ramat Gan (9%), while in Tel Aviv prices rose by 8%, and in Be'er Sheva by 12%. The second analysis, conducted by WeCheck, shows that in October the average rent in Israel reached 5,062 shekels per month, 3.4% higher than a year ago. The sharpest increase in rent was recorded in Jerusalem (9.1%), and Tel Aviv remains the most expensive city for rent (6,960 shekels). WeCheck CEO Rami Ronen notes that despite some easing, tenants are still paying more than a year ago due to a shortage of rental apartments.