Olsztyn Property Prices, Rents & Rental Yields

About Olsztyn

Olsztyn, set among lakes and forested terrain in Poland’s Warmińsko-Mazurskie voivodeship, combines a regional-capital role with a strong natural setting. Its mix of university life, public services, and access to water and green space gives the city a distinct profile within the northeast.

August 2026 brings the clearest signal for apartment investors: prices are still climbing, but rents are moving faster, and that keeps the income picture under pressure. The average sale price reached 554,500 zł, up 3.6% month over month and 15.3% year over year, while the average m2 price stood at 10,390 zł after a slight 0.3% monthly dip and a 6.0% annual rise. Against that, average rent rose to 2,500 zł, increasing 6.8% on the month and 8.7% over the year.

That combination leaves yield as the key reference point. At 6.21%, it still offers a measurable return, but the gap between faster rent growth and stronger capital values suggests investors are navigating a market where entry costs have already moved ahead. For apartment strategies in Olsztyn, the August reading points to continued upward pricing momentum, yet with economics that require careful attention to the pace of future rental gains.