How much does a studio flat cost in Montenegro? On 9 November 2026, 342 studio flats for sale were advertised on Fijaka at a median asking price of €103,000, or €3,340 per m², for a typical 32 m². The cheapest town was Podgorica (median €78,000) and the most expensive was Tivat (median €149,000).
A studio (a "garsonjera" in Montenegro) is the cheapest way into the market and a common first rental investment. Here are the prices town by town, what they rent for, and how many studios fit a given budget.
Studio prices by town
| Town | Studios for sale | Median price | Median size | Median price per m² |
| Podgorica | 49 | €78,000 | 30 m² | €2,620 |
| Bar | 87 | €96,000 | 33 m² | €3,000 |
| Budva | 95 | €110,000 | 30 m² | €3,630 |
| Herceg Novi | 15 | €133,000 | 38 m² | €3,680 |
| Kotor | 34 | €140,000 | 32 m² | €4,000 |
| Tivat | 41 | €149,000 | 38 m² | €4,540 |
On the coast, Bar is the cheapest place for a studio. In Budva, Bečići alone had 19 studios at a median €108,000.
How many studios fit your budget?
| Town | Up to €75,000 | Up to €100,000 | Up to €125,000 |
| Podgorica | 18 | 36 | 41 |
| Bar | 13 | 54 | 74 |
| Budva | 13 | 37 | 55 |
| Kotor | 1 | 13 | 13 |
| Tivat | 0 | 4 | 13 |
What does a studio rent for?
| Town | Studios for rent | Median asking rent | Gross yield |
| Budva | 27 | €400 a month | 4.4% |
| Bar | 25 | €340 a month | 4.3% |
| Podgorica | 44 | €350 a month | not calculated |
In Podgorica one seller has 80% of the studios for rent, so we do not calculate a yield there. Gross yield is a year's asking rent divided by the median asking price, before tax, empty months and running costs. Rents are long-term lets, not summer rentals.
What does buying cost on top of the price?
A resale studio pays transfer tax of 3% of the tax base, as all purchases up to €150,000 do: €2,340 on a €78,000 studio and €3,300 on a €110,000 one. A new studio bought from a developer carries VAT in the price instead. Details: property transfer tax in Montenegro.
Frequently asked questions
What is the cheapest town in Montenegro for a studio flat? Podgorica, with a median asking price of €78,000 for 30 m² on 9 November 2026. On the coast, Bar was cheapest at €96,000.
How much is a studio in Budva? A median €110,000 for 30 m², across 95 listings.
How much is a studio in Kotor or Tivat? Kotor: a median €140,000 (34 listings). Tivat: a median €149,000 (41 listings).
Can I buy a studio by the sea for under €100,000? Yes: 54 studios in Bar and 37 in Budva asked €100,000 or less. More options are in flats by the sea under €100,000.
How big is a studio flat in Montenegro? The median studio for sale had 32 m².
How these numbers were measured
Asking prices of all active studio flats for sale and for rent on Fijaka on 9 November 2026, by municipality. A town is shown with at least 15 listings from at least 3 sellers. Medians leave out listings without a price. A yield is calculated only where no seller has 60% or more of the rentals. These are asking prices, not sale prices. All current listings: flats for sale in Montenegro.