How much did rental prices increase in Tashkent in September?

The Institute for Macroeconomic and Regional Research (IMRR) analyzed the capital’s rental market for September. FX moves—especially the som’s depreciation against the US dollar—and landlords’ higher expectations ahead of the new academic year pushed USD-denominated prices up. As a result, dollar-quoted listings increased versus August.

Mid-renovated apartments

Average asking rents in September:

• 1-room: +$16 ($318 → $334)

• 2-room: +$18 ($394 → $412)

• 3-room: +$25 ($477 → $502)

• 4-room: +$19 ($537 → $556)

Cheapest districts (mid renovation):

• Sergeli: 1-room – $293, 2-room – $365, 3-room – $412, 4-room – $474

• Uchtepa: 1-room – $316, 2-room – $381, 3-room – $432, 4-room – $400

Most expensive districts (mid renovation):

• Shaykhantohur: 1-room – $354, 2-room – $472, 3-room – $604, 4-room – $617

• Yakkasaroy: 1-room – $402, 2-room – $506, 3-room – $660, 4-room – $800

Fully renovated apartments

Fully renovated units also climbed in September:

• 1-room: +$22 ($413 → $435)

• 2-room: +$34 ($580 → $614)

• 3-room: +$50 ($824 → $874)

• 4-room: +$16 ($1185 → $1201)

Cheapest districts (full renovation):

• Sergeli: 1-room – $318, 2-room – $419, 3-room – $497, 4-room – $588

• Uchtepa: 1-room – $355, 2-room – $464, 3-room – $535, 4-room – $550

Most expensive districts (full renovation):

• Mirobod: 1-room – $479, 2-room – (no data provided), 3-room – $1075, 4-room – $1462

• Shaykhantohur: 1-room – $535, 2-room – $746, 3-room – $1094, 4-room – $1369

Method & source

The analysis uses open listings scraped from olx.uz: 28.2k entries for September and 31.6k for August. For both periods, averages were computed after trimming the lower and upper 5% of price outliers.

Key takeaway

Capital rents rose notably in September due to a blend of factors (FX, school season). Sergeli and Uchtepa remain budget-friendly, while Mirobod, Shaykhantohur and Yakkasaroy top the premium bracket. Renters: compare by district, renovation level, and contract fine print, and put deposit/payment terms in writing.