Renting Apartments on the Montenegrin Coast – How Much Can You Really Earn?
Renting out apartments on the Montenegrin coast can seem like a quick way to earn extra income, but what is the realistic profit? In this article, we analyze the factors that directly affect profitability, as well as the differences between seasonal and long-term rentals.
If you are planning to buy an apartment for rent in Budva, Bar, Herceg Novi, or other coastal towns, keep reading.
Related content and useful resources:
- Renting vs Buying in Montenegro – Which is More Profitable?
- How Rental Agents Work in Montenegro
- How to Identify a Good Neighborhood to Live in Montenegro
Why the Coast is Attractive to Investors
The Montenegrin coastline, especially during the summer season, sees high demand for accommodation. Tourists, seasonal workers, digital nomads, and foreign students often look for apartments, studios, or one-bedroom flats for short or long stays.
Properties near beaches, promenades, or city centers rent out fastest and generate the highest income.
Seasonal vs Long-Term Rentals – Which Earns More?
Seasonal rentals (e.g., May to September):
- Nightly rates can range from €30 to €120 depending on location and quality
- Occupancy during peak season often exceeds 80%
- Requires more involvement with cleaning, guest check-in, and advertising
Long-term rentals (six months or more):
- Provides stable monthly income, but lower than peak season revenue
- Off-season rental prices (October to May) typically range from €250 to €500 per month
- Less hands-on management, but higher risk if the tenant stops paying or moves out
Realistic Monthly and Annual Income
On average, a well-located apartment in Budva or Bar can generate:
- Summer season: €2,500–€4,500 gross income (over three to four months)
- Off-season: an additional €2,000–€3,000 through long-term rentals
- Annual gross income: €4,500–€7,500, depending on the rental strategy
Net income also depends on costs such as taxes, maintenance, internet, utilities, furnishing, and agency fees if you use a property manager.
Factors Affecting Earnings
- Proximity to the beach, city center, and attractions
- Floor level and elevator availability
- Quality of furniture and apartment amenities
- Marketing and presence on online rental platforms
- Reviews and ratings from previous guests
- Ability to manage self-check-in
Can You Live Off Rental Income?
While rental income can be significant, in most cases it is not enough to fully replace a stable monthly salary. Exceptions include owners who have multiple apartments or properties, which allows for scalable income if occupancy is consistent.
For most property owners, renting represents an additional source of income along with long-term property value growth.
Planning to Invest in a Rental Property?
If you are planning to buy an apartment on the coast for rental purposes, our team can help assess location potential, pricing, and marketing strategy. Whether you are interested in seasonal or long-term rentals, it is important to create a solid plan and budget.
Contact:
Vladimir Vlahović
📧 office@concordnekretnine.me
📞 +382 67 111 161
