According to the shahrebours, While rent inflation nationwide rose by 3 percent in October 2025, Tehran’s rental market took the opposite path. Housing Rent Index data shows that the average asking rent in the capital has not changed since September, remaining at 450,000 tomans per square meter. This means that monthly rent inflation in Tehran has reached zero, a rare phenomenon in a market that has been steadily rising for the past two years.

Thus, Tehran became the first metropolis in the country to resist the wave of rent inflation in October. While tenants in other provinces continue to struggle with monthly price increases, the rental market in the capital has entered a phase of relative stability; a situation that is not the result of a real price decrease, but rather the result of price saturation and a drop in seasonal demand.

By the end of the summer, Tehran’s rental market had reached a ceiling where tenants’ ability to pay no longer allowed for further growth. This limitation, along with the reduction in relocations after the moving season, has stopped the rent cycle and created a different face of rent inflation in the capital.

Numbers that tell a new story about rent

The housing rent index data shows that the average suggested rent in 22 districts of Tehran for mid-sized apartments (86 square meters) in October was about 20 million and 200 thousand tomans in monthly rent and 602 million tomans in deposit; a figure that is exactly the same as in September. This price stability confirms that the Tehran rental market has reached a standstill after months of continuous growth.

However, the main change has occurred in the rate of spot inflation. Studies show that spot rent inflation in Tehran has decreased from 35 percent last year to 20 percent in October this year; meaning that the slope of rent increase has almost halved. At the same time, at the national level, spot rent inflation has reached 34 percent and monthly inflation has reached 3 percent; a significant difference that shows that the Tehran market has moved away from the price jump phase.

On the other hand, the country’s general inflation in October was announced at 48.6 percent; This means that the gap between rent growth and general inflation has reached its highest level in two years. This gap indicates that rent growth is no longer keeping pace with inflation and that the market has reached its natural ceiling, a ceiling that is now more influenced by the financial capacity of tenants than by the inflation expectations of landlords.

In other words, the new numbers show that Tehran has reached a stage of “price saturation” in the rental market, where price increases are neither economically justified nor socially feasible.