Successful apartment renting in Budva - practical tips for property owners

Whenever we hear someone is renting out an apartment in Budva, the first thought is usually, "They must be making good money during the season." As Montenegro’s top tourist hotspot, Budva offers huge potential for profitable property rentals. But behind every successful rental is much more than just a prime location — it requires a solid plan, careful organization, and a deep understanding of the market.
Renting out a property can be a lucrative source of income, but it also comes with its share of risks. That’s why having a trusted partner like Amfora Agency, with their expertise and experience, is crucial to help owners unlock the full potential of their properties.
Keep reading for practical tips on how to make the most of your rental investment.

Renting apartments in Budva – top 5 tips for real estate owners

1. Carefully research the market
Check how prices of apartments similar to yours compare in terms of location, size, amenities, and proximity to the beach. Seasonal fluctuations are significant — prices in July and August can be twice as high as in May or September. To ensure accuracy when researching the market, it’s important to work with a reliable agency that can help you determine the optimal price based on real data and seasonal trends. Since our agency employs certified appraisers, we provide valuations for all types of real estate. We know the Budva market inside out, which allows us to make this entire process much easier for you.
Learn more about our appraisal process in our blog: “Amfora - the only agency in Montenegro with authorized real estate appraisers”.
2. Decide between short-term or long-term rental
Coastal destinations are usually better suited for short-term rentals, especially during the high season. The key here is to clearly define your goals. Short-term renting demands more hands-on management, while long-term rentals offer more stability and are easier to handle. So, you need to decide whether you’re aiming for higher income or a more passive revenue stream with fewer responsibilities.
3. Set the right rental price
The rental price should align with the market while covering your expenses. Compare similar apartments for rent in Budva, taking into account the location, condition, level of furnishing, and proximity to amenities like the beach, markets, schools, or public transport. Keep in mind that prices are subject to change based on current market trends.
4. Who is your target audience?
Knowing your target audience makes it easier to create an ad, photos, and a description that truly appeal to them. That’s why it’s important to identify whether you’re targeting tourists, business travelers, couples, students, families, seasonal workers, or others.
5. Draft a rental agreement and know the rental laws
A rental agreement covers all key aspects of leasing your property — from the lease duration to the responsibilities of both parties. This formal document sets the terms of use between the owner and tenant. Having a contract gives you legal protection and serves as a safeguard in case of any misunderstandings with the tenant.

If you want a hassle-free and successful experience with apartments for rent in Budva, turn to Amfora Agency — your trusted partner every step of the way!