High housing prices in Iran limit tenant options

Rent prices in Tehran have surged significantly, with a 29-year-old tenant witnessing an increase from 130 million rials ($73) to 230 million rials ($130) for his 20-year-old apartment. Despite the monthly minimum wage being around $90, many tenants struggle to afford housing, as the average family income needed to stay above the poverty line is approximately 700 million rials ($400). The Iranian government has imposed a 25 percent cap on annual rent increases, but this is often exceeded in practice, causing financial strain amidst ongoing economic challenges.

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