IMRS: Dollar decline drives rent hikes in Tashkent

According to the institute, the depreciation of the UZS against the US dollar has caused an increase in rental prices.

IMRS experts analyzed rental prices offered in Tashkent in September 2025 and compared them with August figures. The findings show that dollar-denominated rents have risen compared to the previous month. The start of the new academic year may also have influenced the expectations of landlords, leading to higher asking prices.

Average rents for semi-renovated apartments

During the period under review, the average rents for semi-renovated apartments increased as follows compared to August:

• 1-room apartments – up by $16 (from $318 to $334);
• 2-room apartments – up by $18 (from $394 to $412);
• 3-room apartments – up by $25 (from $477 to $502);
• 4-room apartments – up by $19 (from $537 to $556).

Districts with relatively low rent prices:

• Sergeli district (1-room – $293, 2-room – $365, 3-room – $412, 4-room – $474);
• Uchtepa district (1-room – $316, 2-room – $381, 3-room – $432, 4-room – $400).

Districts with relatively high rent prices:

• Shaykhontohur district (1-room – $354, 2-room – $472, 3-room – $604, 4-room – $617);
• Yakkasaray district (1-room – $402, 2-room – $506, 3-room – $660, 4-room – $800).

Average rents for fully renovated apartments

During the same period, the average rents for fully renovated apartments rose as follows:

• 1-room apartments – up by $22 (from $413 to $435);
• 2-room apartments – up by $34 (from $580 to $614);
• 3-room apartments – up by $50 (from $824 to $874);
• 4-room apartments – up by $16 (from $1,185 to $1,201).

Districts with relatively low rent prices:

• Sergeli district (1-room – $318, 2-room – $419, 3-room – $497, 4-room – $588);
• Uchtepa district (1-room – $355, 2-room – $464, 3-room – $535, 4-room – $550).

Districts with relatively high rent prices:

• Mirobod district (1-room – $479, 2-room – $762, 3-room – $1,075, 4-room – $1,462);
• Shaykhontohur district (1-room – $535, 2-room – $746, 3-room – $1,094, 4-room – $1,369).

The analysis was based on open data collected through web scraping from the olx.uz platform. In total, 28,200 listings from September 2025 and 31,600 listings from August were used. For both periods, data outside the upper and lower 5% quantiles were excluded to ensure accuracy.