Iceland Rent Price Index / Quarterly (2015=100)
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Next update:
February 2026
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Iceland
Source: OECD
Most countries include rent prices within their Consumer Price Index (CPI/HICP), so inflation-adjusted figures are not available. Our Rent Price Index offers a clear, high-level view of rental market trends over time.
Iceland Rent Price Index, % change 1 yr
Nominal
Iceland
Source: OECD
Quarterly change in rent prices
| Q1 | Q2 | Q3 | Q4 | |
| 2025 | 1.54% | 2.46% | 2.45% | 1.56% |
| 2024 | 2.39% | 2.20% | 2.39% | 3.73% |
| 2023 | 2.11% | 2.49% | 1.99% | 1.95% |
| 2022 | 1.26% | 1.21% | 1.69% | 1.97% |
| 2021 | 0.54% | 0.57% | 0.59% | 0.99% |
| 2020 | 0.36% | 1.56% | 1.01% | 0.90% |
| 2019 | 1.56% | 1.39% | 1.10% | 0.41% |
| 2018 | 1.90% | 1.09% | 1.42% | 1.81% |
| 2017 | 1.02% | 0.44% | 0.89% | 0.79% |
| 2016 | 0.93% | 1.14% | 1.03% | 1.34% |
| 2015 | 0.79% | 1.06% | 1.08% | 1.09% |
| 2014 | 1.17% | 0.94% | 1.13% | 0.89% |
| 2013 | 2.04% | 1.92% | 1.27% | 3.34% |
| 2012 | 1.06% | 1.63% | 1.45% | 1.45% |
| 2011 | 0.68% | 2.30% | 1.76% | 1.13% |
| 2010 | 1.09% | 1.15% | 0.55% | 0.93% |
| 2009 | 4.41% | 1.02% | 0.37% | 0.41% |
| 2008 | 2.69% | 5.90% | 8.31% | 5.40% |
| 2007 | 3.59% | 2.61% | 1.61% | 2.39% |
| 2006 | 2.06% | 1.95% | 2.51% | 2.03% |
| 2005 | 0.66% | 0.70% | 1.65% | 2.33% |
| 2004 | 2.18% | 2.33% | 2.20% | 2.43% |
| 2003 | 3.75% | 1.60% | 1.12% | 1.43% |
| 2002 | 1.74% | 3.15% | 2.44% | 2.35% |
| 2001 | 1.65% | 1.23% | 1.85% | 0.98% |
| 2000 | 3.27% | 3.40% | 1.71% | 1.87% |
| 1999 | 1.81% | 2.82% | 4.32% | 4.35% |
| 1998 | 2.44% | 2.05% | 1.05% | 1.43% |
| 1997 | 0.21% | 0.09% | 2.01% | -0.21% |
| 1996 | -0.39% | 0.04% | 0.74% | 1.17% |
| 1995 | 1.70% | -1.50% | -0.13% | -0.09% |
| 1994 | -0.75% | 0.98% | -0.04% | 0.84% |
| 1993 | 1.07% | 0.26% | 0.18% | -0.74% |
This table shows the nominal change in rent prices during a single quarter.
Yearly change in rent prices
| Year | Nominal Change |
| 2025 | 8.25% |
| 2024 | 11.14% |
| 2023 | 8.81% |
| 2022 | 6.27% |
| 2021 | 2.72% |
| 2020 | 3.89% |
| 2019 | 4.53% |
| 2018 | 6.36% |
| 2017 | 3.17% |
| 2016 | 4.51% |
| 2015 | 4.08% |
| 2014 | 4.19% |
| 2013 | 8.85% |
| 2012 | 5.70% |
| 2011 | 5.99% |
| 2010 | 3.78% |
| 2009 | 6.29% |
| 2008 | 24.14% |
| 2007 | 10.58% |
| 2006 | 8.84% |
| 2005 | 5.43% |
| 2004 | 9.45% |
| 2003 | 8.11% |
| 2002 | 10.04% |
| 2001 | 5.83% |
| 2000 | 10.65% |
| 1999 | 13.94% |
| 1998 | 7.15% |
| 1997 | 2.11% |
| 1996 | 1.57% |
| 1995 | -0.04% |
| 1994 | 1.01% |
| 1993 | 0.75% |
This table shows how house prices have shifted over the past year. It compares the latest quarter or month of the current year with the same period a year earlier, giving you a quick view of whether prices have risen or fallen.
