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If you're thinking about renting out property in Alexandria, you probably want to know what landlords are actually charging right now.
This article breaks down current rental prices in Alexandria, neighborhood by neighborhood, with real numbers you can use.
We update this blog post regularly so you always have the freshest data on Alexandria rents.
And if you're planning to buy a property in this place, you may want to download our pack covering the real estate market in Alexandria.
Insights
- A typical 2-bedroom apartment in Alexandria rents for around 22,000 EGP per month in 2026, which is roughly 15% higher than the same time last year due to inflation pressures.
- San Stefano and Gleem command the highest rents in Alexandria, with seafront units often priced 40% to 60% above the citywide average.
- Well-priced rental units in central Alexandria neighborhoods like Smouha and Sidi Gaber typically find tenants within 30 days, while overpriced luxury stock can sit for 90 days or more.
- The rent per square meter in Alexandria averages around 230 EGP in 2026, but Corniche-facing properties can reach 320 EGP per square meter or higher.
- Summer months from June to August see a significant spike in rental demand in Alexandria, driven by seasonal tenants seeking furnished apartments near the Mediterranean coast.
- Young professionals in Alexandria gravitate toward Roushdy, Sporting, and Sidi Gaber, where 1-bedroom apartments typically rent for 15,000 to 22,000 EGP per month.
- Alexandria landlords can expect vacancy rates around 9% citywide, though prime seafront areas often see vacancy below 6% due to limited supply.
- Furnished apartments in Alexandria command a premium of roughly 3,000 to 5,000 EGP per month over unfurnished units of the same size and location.
What are typical rents in Alexandria as of 2026?
What's the average monthly rent for a studio in Alexandria as of 2026?
As of January 2026, the average monthly rent for a studio apartment in Alexandria is around 15,000 EGP, which works out to approximately $315 USD or €290 EUR.
Most studios in Alexandria fall within a realistic range of 10,000 to 20,000 EGP per month (roughly $210 to $420 USD, or €195 to €385 EUR), depending on location and condition.
The main factors that cause studio rents to vary in Alexandria include proximity to the Corniche seafront, building age and maintenance quality, and whether the unit comes furnished or unfurnished.
What's the average monthly rent for a 1-bedroom in Alexandria as of 2026?
As of January 2026, the average monthly rent for a 1-bedroom apartment in Alexandria is approximately 18,000 EGP, which equals about $380 USD or €350 EUR.
Realistic 1-bedroom rents in Alexandria range from around 12,000 to 25,000 EGP per month (roughly $250 to $525 USD, or €230 to €485 EUR), covering everything from basic inland units to renovated central apartments.
In Alexandria, neighborhoods like Azarita and older parts of Sidi Beshr tend to have the cheapest 1-bedroom rents, while areas like San Stefano, Gleem, and Stanley along the Corniche command the highest prices.
What's the average monthly rent for a 2-bedroom in Alexandria as of 2026?
As of January 2026, the average monthly rent for a 2-bedroom apartment in Alexandria is around 22,000 EGP, equivalent to approximately $460 USD or €425 EUR.
Most 2-bedroom apartments in Alexandria rent for between 15,000 and 35,000 EGP per month (roughly $315 to $735 USD, or €290 to €680 EUR), though ultra-luxury seafront units can exceed this range significantly.
For 2-bedroom rentals in Alexandria, cheaper options cluster in areas like El Mandara and older Sidi Beshr buildings, while the most expensive 2-bedrooms are found in San Stefano towers and premium Gleem addresses near the Mediterranean.
By the way, you will find much more detailed rent ranges in our property pack covering the real estate market in Alexandria.
What's the average rent per square meter in Alexandria as of 2026?
As of January 2026, the average rent per square meter in Alexandria is approximately 230 EGP, which works out to about $4.80 USD or €4.40 EUR per square meter per month.
Rent per square meter in Alexandria typically ranges from 180 to 320 EGP (roughly $3.80 to $6.70 USD, or €3.50 to €6.20 EUR), with lower rates in older inland stock and higher rates in renovated seafront buildings.
Compared to Cairo, Alexandria offers somewhat lower rent per square meter on average, though prime Corniche locations in Alexandria can match or exceed prices in many Cairo neighborhoods due to the coastal premium.
In Alexandria, property characteristics that push rent per square meter above average include direct sea views, recent renovations, reliable elevators, and proximity to landmarks like San Stefano Grand Plaza.
How much have rents changed year-over-year in Alexandria in 2026?
As of January 2026, rents in Alexandria have increased by approximately 14% compared to January 2025 in nominal terms.
The main factors driving rent changes in Alexandria this year include persistent inflation in Egypt, rising operating costs for landlords, and continued demand for coastal housing in a city with limited new supply in prime areas.
This year's rent increase in Alexandria is roughly in line with the previous year's trend, as both years saw nominal rent growth closely tracking Egypt's overall inflation rate, which has remained elevated.
What's the outlook for rent growth in Alexandria in 2026?
As of January 2026, projected rent growth in Alexandria for the full year is expected to fall between 10% and 18%, with the most likely outcome around 12% to 15% in nominal terms.
Key factors likely to influence Alexandria rent growth over the coming year include Egypt's inflation trajectory, currency fluctuations affecting imported building materials, and seasonal demand from summer visitors seeking Mediterranean coastline access.
In Alexandria, neighborhoods expected to see the strongest rent growth include San Stefano, Gleem, and Stanley, where prime coastal supply remains scarce and tenant demand consistently outpaces availability.
Risks that could cause Alexandria rent growth to differ from projections include unexpected currency devaluation, government rent regulations, or a significant economic slowdown that reduces tenant purchasing power.
We have made this infographic to give you a quick and clear snapshot of the property market in Egypt. It highlights key facts like rental prices, yields, and property costs both in city centers and outside, so you can easily compare opportunities. We’ve done some research and also included useful insights about the country’s economy, like GDP, population, and interest rates, to help you understand the bigger picture.
Which neighborhoods rent best in Alexandria as of 2026?
Which neighborhoods have the highest rents in Alexandria as of 2026?
As of January 2026, the top three neighborhoods with the highest average rents in Alexandria are San Stefano (averaging around 35,000 EGP or $735 USD or €680 EUR per month for a 2-bedroom), Gleem (around 30,000 EGP or $630 USD or €580 EUR), and Stanley (around 28,000 EGP or $590 USD or €545 EUR).
These Alexandria neighborhoods command premium rents because they offer direct Mediterranean Sea views, proximity to upscale restaurants and cafes, modern high-rise buildings, and prestigious addresses that attract high-income tenants.
The tenant profile in these high-rent Alexandria neighborhoods typically includes senior executives, successful business owners, expatriates working for multinational companies, and wealthy families seeking luxury coastal living.
By the way, we've written a blog article detailing what are the current best areas to invest in property in Alexandria.
Where do young professionals prefer to rent in Alexandria right now?
The top three neighborhoods where young professionals prefer to rent in Alexandria are Smouha, Sporting, and Roushdy, all offering a good balance of accessibility, amenities, and reasonable prices.
Young professionals in these Alexandria neighborhoods typically pay between 15,000 and 22,000 EGP per month (roughly $315 to $460 USD, or €290 to €425 EUR) for a 1-bedroom apartment.
These neighborhoods attract young professionals in Alexandria because they offer walkable streets with cafes and restaurants, reliable public transport connections, modern apartment buildings, and a vibrant social atmosphere without the premium price tag of seafront areas.
By the way, you will find a detailed tenant analysis in our property pack covering the real estate market in Alexandria.
Where do families prefer to rent in Alexandria right now?
The top three neighborhoods where families prefer to rent in Alexandria are Smouha, Sidi Gaber, and Montaza, all known for spacious apartments and family-friendly environments.
Families in these Alexandria neighborhoods typically pay between 22,000 and 35,000 EGP per month (roughly $460 to $735 USD, or €425 to €680 EUR) for a 2 to 3 bedroom apartment.
These neighborhoods attract families in Alexandria because they offer larger apartment layouts (often 150 to 240 square meters), access to clubs and recreational facilities, quieter residential streets, and proximity to schools and healthcare services.
Near these family-friendly Alexandria neighborhoods, popular educational options include international schools in Smouha, well-regarded private schools near Sidi Gaber, and several reputable Egyptian public schools in the Montaza district.
Which areas near transit or universities rent faster in Alexandria in 2026?
As of January 2026, the top three areas near transit hubs or universities that rent fastest in Alexandria are Sidi Gaber (near the major rail station), Al Shatby (close to Alexandria University), and Azarita (a central, well-connected district).
In these high-demand Alexandria areas, well-priced rental properties typically stay listed for only 15 to 25 days on average, compared to 30 days or more in other neighborhoods.
Properties within walking distance of transit or universities in Alexandria command a rent premium of roughly 2,000 to 4,000 EGP per month (about $40 to $85 USD, or €35 to €80 EUR) compared to similar units farther from these amenities.
Which neighborhoods are most popular with expats in Alexandria right now?
The top three neighborhoods most popular with expats in Alexandria are San Stefano, Smouha, and Gleem, all offering international-friendly amenities and modern housing stock.
Expats in these Alexandria neighborhoods typically pay between 25,000 and 45,000 EGP per month (roughly $525 to $945 USD, or €485 to €870 EUR), often for furnished apartments with sea views or compound-style living.
These neighborhoods attract expats in Alexandria because they offer modern buildings with reliable maintenance, English-speaking services, proximity to international restaurants and supermarkets, and a cosmopolitan atmosphere that feels welcoming to newcomers.
The most common expat communities in these Alexandria neighborhoods include professionals from Gulf countries, Europeans working in business or education, and families from various nationalities seeking Mediterranean coastal living with lower costs than European alternatives.
And if you are also an expat, you may want to read our exhaustive guide for expats in Alexandria.
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Who rents, and what do tenants want in Alexandria right now?
What tenant profiles dominate rentals in Alexandria?
The top three tenant profiles that dominate the rental market in Alexandria are young professionals seeking central apartments, families looking for spacious units near schools, and seasonal renters wanting furnished coastal properties during summer months.
In Alexandria's rental market, young professionals represent roughly 35% of tenant demand, families account for about 40%, and seasonal or short-term renters make up approximately 25%, though these shares shift during summer when seasonal demand spikes.
Young professionals in Alexandria typically seek 1-bedroom or studio apartments between 50 and 90 square meters, families usually look for 2 to 3 bedroom units between 120 and 200 square meters, and seasonal renters often want furnished 1 to 2 bedroom seafront apartments.
If you want to optimize your cashflow, you can read our complete guide on how to buy and rent out in Alexandria.
Do tenants prefer furnished or unfurnished in Alexandria?
In Alexandria's rental market, approximately 60% of long-term tenants prefer unfurnished apartments, while around 40% seek furnished units, though furnished demand rises significantly during the summer season.
Furnished apartments in Alexandria typically command a premium of 3,000 to 5,000 EGP per month (roughly $65 to $105 USD, or €60 to €95 EUR) compared to similar unfurnished units in the same neighborhood.
Tenant profiles that tend to prefer furnished rentals in Alexandria include expats on shorter assignments, seasonal summer visitors, students, and young professionals who want move-in-ready convenience without the hassle of buying furniture.
Which amenities increase rent the most in Alexandria?
The top five amenities that increase rent the most in Alexandria are direct sea view, air conditioning, a modern elevator, a renovated kitchen and bathroom, and secure parking.
In Alexandria, a direct sea view can add 5,000 to 10,000 EGP per month ($105 to $210 USD, or €95 to €195 EUR), air conditioning adds around 1,500 to 3,000 EGP ($30 to $65 USD), a reliable elevator adds 1,000 to 2,000 EGP ($20 to $40 USD), a modern kitchen and bathroom add 2,000 to 4,000 EGP ($40 to $85 USD), and parking adds 1,000 to 2,500 EGP ($20 to $55 USD).
In our property pack covering the real estate market in Alexandria, we cover what are the best investments a landlord can make.
What renovations get the best ROI for rentals in Alexandria?
The top five renovations that get the best ROI for rental properties in Alexandria are bathroom modernization, kitchen upgrades, air conditioning installation, window and door replacement, and plumbing and electrical improvements.
In Alexandria, a bathroom renovation typically costs 30,000 to 60,000 EGP ($630 to $1,260 USD, or €580 to €1,160 EUR) and can increase monthly rent by 2,000 to 3,500 EGP, a kitchen upgrade costs 40,000 to 80,000 EGP and adds 2,500 to 4,000 EGP in rent, and AC installation costs 15,000 to 30,000 EGP while adding 1,500 to 3,000 EGP monthly.
Renovations that tend to have poor ROI in Alexandria and should be avoided include overly luxurious finishes that exceed neighborhood standards, swimming pool additions in non-premium areas, and expensive smart home systems that most tenants don't value highly.
We did some research and made this infographic to help you quickly compare rental yields of the major cities in Egypt versus those in neighboring countries. It provides a clear view of how this country positions itself as a real estate investment destination, which might interest you if you’re planning to invest there.
How strong is rental demand in Alexandria as of 2026?
What's the vacancy rate for rentals in Alexandria as of 2026?
As of January 2026, the estimated vacancy rate for rental properties in Alexandria is around 9% citywide for private rental housing stock.
Vacancy rates across different Alexandria neighborhoods range from under 6% in prime seafront areas like San Stefano and Gleem, to over 12% in areas with overpriced or poorly maintained older stock.
The current vacancy rate in Alexandria is roughly in line with historical averages, though prime coastal neighborhoods have tightened slightly due to limited new construction and persistent demand from both local and seasonal tenants.
Finally please note that you will have all the indicators you need in our property pack covering the real estate market in Alexandria.
How many days do rentals stay listed in Alexandria as of 2026?
As of January 2026, the average number of days rentals stay listed in Alexandria is approximately 30 days for well-priced mid-market units.
Days on market in Alexandria varies significantly, ranging from 15 to 25 days for correctly priced units in high-demand central neighborhoods like Smouha and Sidi Gaber, to 60 to 90 days or more for overpriced luxury properties or units in less desirable locations.
Compared to one year ago, days on market in Alexandria has remained relatively stable, though properties in prime seafront areas are moving slightly faster due to continued strong demand and limited supply.
Which months have peak tenant demand in Alexandria?
The peak months for tenant demand in Alexandria are June through August for seasonal and furnished rentals, and September through October for longer-term leases tied to the academic and work calendar.
The specific factors driving seasonal demand patterns in Alexandria include the city's Mediterranean coastline attracting summer visitors, the start of university terms at Alexandria University and nearby institutions, and the general Egyptian relocation cycle that aligns with the school year.
The lowest tenant demand in Alexandria typically occurs from December through February, when fewer people relocate and seasonal visitors have left, though long-term rentals remain relatively stable year-round.
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An increasing number of foreign investors are showing interest. However, 90% of them will make mistakes. Avoid the pitfalls with our comprehensive guide.
What will my monthly costs be in Alexandria as of 2026?
What property taxes should landlords expect in Alexandria as of 2026?
As of January 2026, landlords in Alexandria should expect to pay property taxes of roughly 18,000 to 20,000 EGP per year (approximately $380 to $420 USD, or €350 to €390 EUR) on a typical rental property with monthly rent around 22,000 EGP.
Property taxes in Alexandria can range from under 10,000 EGP per year for lower-value inland units to over 40,000 EGP annually for premium seafront properties, depending on the government's assessed rental value rather than the actual asking rent.
Property taxes in Alexandria are calculated as 10% of the annual rental value after a standard 30% deduction for residential expenses, which effectively means landlords pay about 7% of the assessed annual rental value to the Egyptian Real Estate Tax Authority.
Please note that, in our property pack covering the real estate market in Alexandria, we cover what exemptions or deductions may be available to reduce property taxes for landlords.
What maintenance budget per year is realistic in Alexandria right now?
A realistic annual maintenance budget for a typical rental property in Alexandria is approximately 25,000 to 50,000 EGP per year (roughly $525 to $1,050 USD, or €485 to €970 EUR), depending on property age and condition.
Maintenance costs in Alexandria can range from 15,000 EGP annually for newer, well-maintained buildings to over 80,000 EGP per year for older properties near the Corniche where salty sea air accelerates wear on paint, metalwork, windows, and plumbing.
Landlords in Alexandria typically set aside between 8% and 12% of their annual rental income for maintenance, with those owning seafront properties budgeting toward the higher end due to the corrosive coastal environment.
What utilities do landlords often pay in Alexandria right now?
In Alexandria, the utilities landlords most commonly pay on behalf of tenants are building service charges and major repairs, while tenants typically cover electricity, water, gas, and internet themselves.
When landlords do cover building service charges in Alexandria, the typical monthly cost ranges from 500 to 1,500 EGP (roughly $10 to $30 USD, or €10 to €30 EUR), though this varies widely depending on building amenities and whether there is a doorman or elevator maintenance.
The common practice in Alexandria is for tenants to pay all consumption-based utilities directly, with landlords responsible for structural maintenance and any shared building fees, though some furnished rental agreements bundle certain utilities into the monthly rent.
How is rental income taxed in Alexandria as of 2026?
As of January 2026, rental income in Alexandria is taxed by first applying a standard 50% deduction for expenses, then adding the remaining amount to your total taxable income and applying Egypt's progressive income tax brackets.
The main deductions landlords can claim against rental income in Alexandria include the automatic 50% statutory deduction for costs and expenses, plus any documented major repairs or improvements beyond the standard allowance in certain circumstances.
A common tax mistake landlords in Alexandria should avoid is failing to register rental income with tax authorities, as Egypt has been increasing enforcement, and underreporting can lead to penalties and back taxes that far exceed what proper compliance would have cost.
We cover these mistakes, among others, in our list of risks and pitfalls people face when buying property in Alexandria.
We made this infographic to show you how property prices in Egypt compare to other big cities across the region. It breaks down the average price per square meter in city centers, so you can see how cities stack up. It’s an easy way to spot where you might get the best value for your money. We hope you like it.
What sources have we used to write this blog article?
Whether it's in our blog articles or the market analyses included in our property pack about Alexandria, we always rely on the strongest methodology we can ... and we don't throw out numbers at random.
We also aim to be fully transparent, so below we've listed the authoritative sources we used, and explained how we used them and the methods behind our estimates.
| Source | Why It's Authoritative | How We Used It |
|---|---|---|
| Central Bank of Egypt - Exchange Rates | It's the central bank's own published FX benchmark, updated frequently. | We used the late-December 2025 USD/EGP rate as the closest official anchor for January 2026 conversions. We convert USD-denominated datasets into EGP so readers can think in local currency. |
| Central Bank of Egypt - Market Exchange Rates | It's another official CBE reference for market FX rates in EGP. | We cross-checked the USD/EGP level against CBE's published market rates. We use it to verify our currency conversions are accurate. |
| Global Property Guide - Egypt Rental Yields | It's a long-running global housing data publisher with stated methodology and named local data sources. | We used its Alexandria monthly asking rents for larger units as a triangulation point. We also use its methodology explanation to frame our "typical rent" approach. |
| Property Finder Egypt - 1-Bedroom Listings | It's a major property portal in Egypt with large, continually updated listing inventories. | We used visible asking-rent examples, unit sizes, and neighborhoods to estimate realistic typical studio and 1-bedroom rents. We also used listing timestamps as a proxy signal for market speed. |
| Property Finder Egypt - 2-Bedroom Listings | It's a major national portal that publishes comparable listing data at scale. | We used asking-rent examples for 2-bedroom units and identified premium outliers like ultra-luxury seafront properties. We used these to build a mid-market typical rent and a premium band. |
| Property Finder Egypt - Smouha Listings | It's a high-volume portal page focused on a single Alexandria neighborhood, useful for neighborhood-level detail. | We used it to anchor what mid-to-upper Alexandria rents look like in a popular central district. We also used it to name real streets and areas commonly seen in listings. |
| Bayut Egypt - Alexandria Rentals | It's another established portal, useful for cross-checking listing price bands. | We cross-checked that Alexandria rent levels on Property Finder are consistent on a second portal. We use it mainly as a triangulation sanity check. |
| PwC Worldwide Tax Summaries - Egypt | It's a reputable tax reference that cites Egyptian law concepts in plain English. | We used the stated treatment of rental income to explain landlord taxation simply. We translate it into a step-by-step explanation of what landlords actually pay tax on. |
| Egyptian Real Estate Tax Authority - Law 196/2008 | It's the primary legal text for the building and real estate tax regime. | We used article-level wording to state how property tax is computed. We then turn that into an easy rule of thumb for monthly cost estimates. |
| Egyptian Real Estate Tax Authority - Explainer Page | It's the tax authority's own public-facing guidance. | We used it to corroborate who pays and the general framing of the tax. We use it to keep the explanation non-technical and consistent with official terminology. |
| EgyptERA - Electricity Tariff | It's the official regulator source for electricity tariff tables. | We used it to ground the utilities discussion in an official tariff reference. We combine it with practical norms from local rental practice. |
| Central Bank of Egypt - Inflation Report | It's the central bank's analytical publication explaining inflation components and CPI coverage. | We used it to frame rent growth expectations through inflation and household-cost dynamics. We also use it to explain why nominal rent growth often tracks broader price levels. |
| Reuters - Egypt Inflation Coverage | It's a global wire service that explicitly ties reported rent dynamics to official inflation data and policy changes. | We used it as a dated, verifiable narrative link between policy changes and rent pressure. We use it only for context while keeping rent numbers anchored in portals and official statistics. |
| Expat.com - Alexandria Guide | It's a widely-used expat resource with neighborhood insights and practical living advice for foreigners. | We used it to identify which Alexandria neighborhoods are most popular with international residents. We also referenced it for expat lifestyle preferences and amenity expectations. |
| ScienceDirect - Housing Choice in Egypt | It's peer-reviewed academic research on how Egyptians select residential locations. | We used it to understand tenant decision factors like transport, neighborhood quality, and affordability. We applied these insights to explain demand patterns in Alexandria. |
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