Price Guide 2026Unknown

City of Medan Average Rent Per m² 2026

Medan’s real estate market is currently navigating a period of rapid urbanization, driven by significant infrastructure projects and new residential developments in the periphery. While m² Prices remain competitive compared to Jakarta, the rising Cost of Living is starting to influence tenant behavior towards integrated, transit-oriented hubs. The Investment Outlook for 2026 is cautiously optimistic, though supply issues in premium central districts are creating a landlord-favored market. Verdict: Medan is a prime target for long-term capital appreciation, especially for those securing assets before the next wave of commercial expansion.

Avg Buy

Rp12,845,000per m²

Avg Rent

Rp27551.96per m²

Districts Analysed

10🏙️
01

Medan Polonia

Luxury Living

Home to upscale housing and proximity to high-end amenities, it remains the city's most prestigious residential enclave.

02

Medan Petisah

Commercial & Business

As a central business hub with bustling markets and malls, it is ideal for those wanting to be at the heart of the city's trade.

03

Medan Deli

Budget-Friendly

Offering lower entry points for both rent and purchase, this area provides excellent value for growing families and first-time buyers.

10 Neighborhoods

Rent Prices in City of Medan2026 Market Guide

City of Medan has 10 analyzed neighborhoods with a citywide average rent of Rp27551.96/m² per month. Each district below is rated on our 1-5 scale and classified from "Trenches" (best value) to "Final Boss" (luxury tier). Click any neighborhood to see the full price breakdown, local highlights, and our verdict on whether it is fairly priced.

Gross rental yield for City of Medan: 2.6% annually based on average rent vs. buy prices.

Frequently Asked Questions

Q:What are the property tax requirements (PBB) for homeowners in Medan?

Property owners must pay the Pajak Bumi dan Bangunan (PBB) annually, which is calculated based on the land and building value (NJOP) determined by the local government.

Q:Do foreigners need specific permits to rent or buy property in Medan?

While foreigners can easily lease, purchasing requires a residency permit (KITAS/KITAP) and is typically restricted to 'Hak Pakai' (Right to Use) titles under Indonesian law.

Q:What should I check before signing a rental agreement in Medan?

Always verify the 'Izin Mendirikan Bangunan' (IMB) status and clarify whether the monthly maintenance fees (IPL) are included in the base rent to avoid hidden costs.