How much will you pay for an apartment in Tehran today? (2026)

As of June 2026, apartments in Tehran usually cost about 120 to 130 million tomans per square meter, so a normal 70 to 85 m² apartment often lands around 8.5 to 11 billion tomans before closing costs.

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Who is the author of this content?

SANDS OF WEALTH

A team specialized in real estate investing in MENA countries (Morocco, UAE, Oman, etc.)

We are a team of financial experts, legal professionals, developers, and local real estate specialists dedicated to helping people like you avoid mistakes when investing in real estate in a foreign place, particularly in Tehran. If you’d like to learn more about us, you can check our presentation page.

How much do apartments really cost in Tehran in 2026?

What's the average and median apartment price in Tehran in 2026?

As of June 2026, the average apartment price in Tehran is about 12.5 to 13 billion tomans for a 100 m² apartment, or roughly $73,000 to $76,000 and €63,000 to €65,000, while the median apartment is closer to 7.7 to 8.6 billion tomans, or about $45,000 to $50,000 and €39,000 to €43,000.

In per-square-meter terms, Tehran apartments in 2026 average about 125 to 130 million tomans per m², or about $730 to $760 and €630 to €655 per m², which is about 11.6 to 12.1 million tomans per sq ft, or about $68 to $71 and €59 to €61 per sq ft.

For most standard apartments in Tehran in 2026, a realistic buying range is about 6 to 15 billion tomans, or roughly $35,000 to $88,000 and €30,000 to €76,000, although prime north Tehran apartments can cost several times more.

How much is a studio apartment in Tehran in 2026?

As of June 2026, a studio apartment in Tehran usually costs about 3.5 to 5.5 billion tomans, or roughly $20,000 to $32,000 and €18,000 to €28,000, if the buyer avoids the most expensive north Tehran neighborhoods.

Entry-level to mid-range studios in Tehran usually cost about 2.8 to 6 billion tomans, or about $16,000 to $35,000 and €14,000 to €30,000, while high-end or luxury studios in areas like Elahieh, Farmanieh or Zaferanieh can reach 7 to 11 billion tomans, or about $41,000 to $64,000 and €35,000 to €56,000.

Most studio apartments in Tehran are about 35 to 45 m², so the final price changes quickly when the studio is in a newer building with parking, an elevator or a better street.

How much is a one-bedroom apartment in Tehran in 2026?

As of June 2026, a one-bedroom apartment in Tehran usually costs about 6 to 9 billion tomans, or roughly $35,000 to $53,000 and €30,000 to €45,000, in the practical middle of the market.

Entry-level to mid-range one-bedroom apartments in Tehran often cost about 4 to 9.5 billion tomans, or about $23,000 to $56,000 and €20,000 to €48,000, while high-end one-bedroom apartments in prime north Tehran can cost 11 to 18 billion tomans, or about $64,000 to $105,000 and €56,000 to €91,000.

A typical one-bedroom apartment in Tehran is about 50 to 65 m², which is why this format is usually more liquid than large family apartments for both resale and rental demand.

How much is a two-bedroom apartment in Tehran in 2026?

As of June 2026, a two-bedroom apartment in Tehran usually costs about 9.5 to 13.5 billion tomans, or roughly $56,000 to $79,000 and €48,000 to €68,000, for a standard family-sized unit in a mainstream neighborhood.

Entry-level to mid-range two-bedroom apartments in Tehran usually cost about 6 to 15 billion tomans, or about $35,000 to $88,000 and €30,000 to €76,000, while high-end or luxury two-bedroom apartments in Saadat Abad, Shahrak Gharb, Niavaran or Elahieh can cost 20 to 40 billion tomans or more, or about $117,000 to $234,000 and €101,000 to €202,000.

By the way, you will find much more detailed price ranges for apartments in our property pack covering the property market in Tehran.

How much is a three-bedroom apartment in Tehran in 2026?

As of June 2026, a three-bedroom apartment in Tehran usually costs about 16 to 25 billion tomans, or roughly $94,000 to $146,000 and €81,000 to €126,000, in good middle and upper-middle neighborhoods.

Entry-level to mid-range three-bedroom apartments in Tehran usually cost about 9 to 22 billion tomans, or about $53,000 to $129,000 and €45,000 to €111,000, while high-end or luxury three-bedroom apartments in prime north Tehran can cost 50 to 90 billion tomans or more, or about $292,000 to $526,000 and €252,000 to €454,000.

Most three-bedroom apartments in Tehran are about 110 to 140 m², so the total ticket is high and the buyer pool is smaller than for 50 to 90 m² apartments.

What's the price gap between new and resale apartments in Tehran in 2026?

As of June 2026, new-build and nearly new apartments in Tehran usually cost about 15 to 30% more than older resale apartments in the same micro-location.

New-build apartments in Tehran average roughly 140 to 165 million tomans per m², or about $820 to $965 and €705 to €830 per m², when the building has modern parking, elevator quality and lower repair risk.

Resale apartments in Tehran average roughly 95 to 130 million tomans per m², or about $555 to $760 and €480 to €655 per m², although strong land-share redevelopment areas can still price older stock surprisingly high.

Can I afford to buy in Tehran in 2026?

What's the typical total budget (all-in) to buy an apartment in Tehran in 2026?

As of June 2026, a foreign buyer should usually budget about 9.5 to 15 billion tomans all-in for a standard Tehran apartment, or roughly $56,000 to $88,000 and €48,000 to €76,000, before moving into upper-middle or prime north Tehran.

This all-in budget includes the apartment price, transfer-related costs, municipal clearance, notary and registration work, agency commission, legal checks, translation and payment friction.

We go deeper and try to understand what costs can be avoided or minimized (and how) in our Tehran property pack.

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What down payment is typical to buy in Tehran in 2026?

As of June 2026, a foreign buyer should assume a 90 to 100% cash down payment in Tehran, which means about 9 to 13 billion tomans, or roughly $53,000 to $76,000 and €45,000 to €65,000, for a normal apartment before closing costs.

For local buyers, banks may finance a limited part of the purchase, but Tehran apartment prices are so high that many buyers still need 60 to 80% cash or family equity.

For a foreigner, the recommended down payment is effectively 100% cash because sanctions, banking access, document checks and currency conversion make mortgage-first planning risky.

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Which neighborhoods are cheapest or priciest in Tehran in 2026?

How much does the price per m² for apartments vary by neighborhood in Tehran in 2026?

As of June 2026, apartment prices in Tehran range from about 65 million tomans per m² in cheaper southern districts to more than 300 million tomans per m² in ultra-prime north Tehran, or roughly $380 to $1,755 and €330 to €1,510 per m².

The most affordable Tehran neighborhoods include Yaftabad, Shadabad, Naziabad, Jeyhoon, Hashemi, Piroozi and parts of Districts 15, 16, 17 and 18, where typical prices are often about 65 to 100 million tomans per m², or about $380 to $585 and €330 to €505 per m².

The most expensive Tehran neighborhoods include Elahieh, Zaferanieh, Farmanieh, Niavaran, Velenjak, Darrous and parts of Saadat Abad, where typical prices often run from 200 to 350 million tomans per m², or about $1,170 to $2,045 and €1,010 to €1,765 per m².

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What neighborhoods are best for first-time buyers on a budget in Tehran in 2026?

As of June 2026, the top three Tehran neighborhoods for first-time buyers on a budget are Narmak, Tehranpars and Sadeghiyeh because they combine lower prices, real local demand and better liquidity than many very cheap southern locations.

In these budget-friendly Tehran neighborhoods, a realistic apartment budget is usually about 5.5 to 11 billion tomans, or roughly $32,000 to $64,000 and €28,000 to €56,000, depending on size, age and street quality.

Narmak, Tehranpars and Sadeghiyeh offer recognizable addresses, transport access, shops, schools, local renters and enough resale demand to make a future exit easier.

The main trade-off is that building quality can vary a lot, so a buyer must check the title, parking, elevator, façade, plumbing and exact street before agreeing on price.

Which neighborhoods have the fastest-rising apartment prices in Tehran in 2026?

As of June 2026, the fastest-rising apartment areas in Tehran appear to be District 5 around Jannatabad and Poonak, District 4 around Tehranpars and Hakimiyeh, and District 8 around Narmak and Haft Hoz.

These fast-appreciating Tehran neighborhoods likely show year-over-year price growth around 20 to 35% in nominal toman terms, although real growth is much lower after inflation.

The main driver is affordability compression, because buyers priced out of north and central Tehran move toward middle neighborhoods that still have acceptable access, services and smaller apartment sizes.

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What extra costs will I pay on top of the apartment price in Tehran in 2026?

What are all the buyer closing costs when you buy an apartment in Tehran?

For a typical 10 billion toman apartment in Tehran in 2026, a buyer should budget about 600 to 900 million tomans in closing and transaction costs, or roughly $3,500 to $5,300 and €3,000 to €4,500.

The main closing cost categories in Tehran are transfer-related tax, municipal charges, notary and registration, agency commission, legal due diligence, certified translation and payment administration.

The largest transaction cost is usually the real-estate transfer tax under Article 59, which is 5% of the official transactional value and is legally tied to the transferor, but still affects the deal price.

Some closing costs in Tehran are negotiable or case-specific, especially agency commission, who absorbs clearance costs, legal fees and the way the seller prices a clean net amount.

On average, how much are buyer closing costs as a percentage of the purchase price for an apartment in Tehran?

For apartments in Tehran in 2026, buyers should usually budget 6 to 9% of the purchase price for closing costs and transaction friction.

A realistic low-to-high range for standard Tehran apartment transactions is about 5 to 10%, but the total can go higher when the seller pushes more clearance costs into the final negotiation.

We actually cover all these costs and strategies to minimize them in our pack about the real estate market in Tehran.

What are the ongoing monthly and yearly costs of an apartment in Tehran in 2026?

What are typical HOA fees in Tehran right now?

HOA-style building charges are common in Tehran apartment buildings, and a normal 70 to 100 m² apartment often costs about 5 to 12 million tomans per month, or roughly $30 to $70 and €25 to €60.

The realistic monthly range runs from about 2 to 6 million tomans for older basic buildings to 50 million tomans or more for luxury north Tehran towers, or roughly $12 to $292 and €10 to €252.

What utilities should I budget monthly in Tehran right now?

A typical apartment owner in Tehran should budget about 6 to 12 million tomans per month for utilities in 2026, or roughly $35 to $70 and €30 to €60.

The realistic range is about 3 to 7 million tomans per month for a small apartment and 12 to 25 million tomans for a larger or poorly insulated apartment, or roughly $18 to $146 and €15 to €126.

This monthly Tehran utility budget usually includes electricity, gas, water, internet and normal shared consumption linked to the building.

Heating and cooling are often the most unpredictable costs in Tehran because older buildings, central systems and poor insulation can make bills jump.

How much is property tax on apartments in Tehran?

A normal owner-occupied apartment in Tehran does not usually face a large annual property tax like in the United States, so a practical annual allowance is about 5 to 20 million tomans for a 10 billion toman apartment, or roughly $30 to $120 and €25 to €100.

In Iran, the larger property-related tax burden is usually at transfer, rental income, vacancy exposure and municipal charges rather than a high yearly ad valorem apartment tax.

For standard Tehran apartments, annual municipal and local charges often work out around 0.05 to 0.20% of property value, so higher-value apartments need a larger allowance even when the rate feels low.

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What's the yearly building maintenance cost in Tehran?

For apartment owners in Tehran, a practical yearly maintenance budget is about 0.5 to 1% of the property value, which means about 50 to 100 million tomans per year for a 10 billion toman apartment, or roughly $290 to $585 and €250 to €505.

The realistic range is about 30 to 60 million tomans per year for an older 6 billion toman apartment and 200 to 500 million tomans for a high-end 30 billion toman apartment, or roughly $175 to $2,925 and €150 to €2,520.

Building maintenance in Tehran usually includes elevator servicing, roof and façade repairs, plumbing, heating and cooling systems, generator work, security systems and shared-area repairs.

Some maintenance is included in monthly building charges, but large repairs and reserve payments are often separate, especially in older buildings or towers with expensive shared systems.

How much does home insurance cost in Tehran?

A typical annual home insurance policy for a Tehran apartment costs about 10 to 30 million tomans in 2026, or roughly $60 to $175 and €50 to €150.

The realistic annual range is about 5 to 15 million tomans for basic fire and earthquake cover on a small apartment and 30 to 80 million tomans or more for stronger coverage on a high-value apartment, or roughly $30 to $470 and €25 to €405.

Home insurance is usually optional for apartment owners in Tehran, but earthquake cover should be treated as a core cost because Tehran has real seismic risk.

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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 Tehran, 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 we trust it	How we used it
Central Bank of Iran, Tehran housing transactions	It is the main official source for Tehran transaction-price history.	We used it as the official baseline for Tehran apartment prices. We also used its district spread to compare north and south Tehran.
Central Bank of Iran inflation database	It gives official inflation data for Iran.	We used it to separate nominal price growth from real affordability. We also used it to explain why toman prices can rise while buyers feel poorer.
Statistical Center of Iran	It is Iran’s official statistics agency.	We used it to cross-check housing, rent and inflation direction. We also used it when recent official transaction data was thinner.
Ministry of Roads and Urban Development	It is the government ministry responsible for housing policy.	We used it to understand the official housing-data gap. We also used it to justify combining official data with asking-price trackers.
Tehran Municipality, Shahrzad city services	It is Tehran’s official municipal-service platform.	We used it to identify municipal charges as real ownership costs. We also separated local Tehran charges from national transfer tax.
Iran Direct Taxes Act, Iran Data Portal	It provides Iran tax-law text in English.	We used Article 59 for the real-estate transfer-tax rule. We also used it to avoid relying on real-estate blogs for tax estimates.
ICRIC Direct Taxation Act PDF	It gives another English version of Iran’s direct tax law.	We used it to cross-check Article 59. We also used it to confirm the 5% transfer-tax interpretation.
Bank Maskan	It is Iran’s specialist housing-finance institution.	We used it to frame mortgage availability in Iran. We also used it to explain why Tehran buying is usually cash-heavy.
Bonbast exchange-rate archive	It is widely used for Iran free-market currency tracking.	We used it to sanity-check toman and dollar conversions. We kept foreign-currency figures approximate because exchange rates move quickly.
Alanchand USD to IRR rate	It gives a current open-market USD to IRR quote.	We used its 15 June 2026 dollar quote for rough conversions. We treated the result as a market reference, not an official banking rate.
Balkon Tehran apartment price tracker	It gives fresh Tehran district-level apartment asking-price estimates.	We used it for June 2026 Tehran asking-price levels. We discounted asking prices where needed because listings can sit above completed deals.
Living in Tehran district price guide	It gives practical Tehran neighborhood price ranges.	We used it to add named neighborhood examples. We also cross-checked its ranges against official and 2026 listing evidence.
Numbeo Tehran property dataset	It is transparent about contributors and update timing.	We used it as a secondary check for rents, prices and mortgage affordability. We did not use it as the main source for purchase prices.
Numbeo Tehran cost-of-living dataset	It gives recent user-reported living-cost data.	We used it to cross-check utilities and monthly ownership costs. We adjusted the figures for apartment size and building quality.
Iran Focus housing-price reporting	It reports Tehran housing-market changes from Iranian media.	We used it as a secondary media check on recent price direction. We did not use it as a primary pricing source.

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