How much will you pay for an apartment in Medan today? (2026)

As of June 2026, a realistic apartment budget in Medan is about Rp1.25 billion for the median unit, or roughly $70,000 and €61,000, but a foreign buyer should usually plan closer to Rp1.2 billion to Rp1.8 billion once title rules, buyer costs and safer building choices are included.

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Who is the author of this content?

BAMBOOROUTES

A team specialized in real estate investing in APAC countries (Japan, Thailand, Indonesia, Australia, etc.).

We are a team of financial experts, legal professionals, developers, and local real estate specialists dedicated to helping people like you avoid mistakes when investing in real estate in a foreign place, particularly in Medan. If you’d like to learn more about us, you can check our presentation page.

How much do apartments really cost in Medan in 2026?

What's the average and median apartment price in Medan in 2026?

As of June 2026, the median apartment price in Medan is about Rp1.25 billion, or about $70,000 and €61,000, while the average apartment price in Medan is closer to Rp1.55 billion to Rp1.75 billion, or about $87,000 to $99,000 and €76,000 to €85,000.

In the same Medan apartment market, the normal median price is about Rp23 million to Rp25 million per m², or about $1,300 to $1,400 and €1,120 to €1,220 per m², which equals about Rp2.1 million to Rp2.3 million per sq ft, or about $120 to $130 and €105 to €115 per sq ft.

For most standard apartments in Medan in 2026, a realistic buyer range is Rp900 million to Rp2 billion, or about $51,000 to $113,000 and €44,000 to €98,000, with the lower end often covering studios and small one-bedroom units and the upper end covering stronger two-bedroom units.

How much is a studio apartment in Medan in 2026?

As of June 2026, a typical studio apartment in Medan costs about Rp800 million, or about $45,000 and €39,000, in a known central building.

More practically, entry-level to mid-range studios in Medan cost about Rp700 million to Rp950 million, or about $39,000 to $54,000 and €34,000 to €46,000, while better furnished or high-floor studios can reach about Rp1 billion to Rp1.2 billion, or about $56,000 to $68,000 and €49,000 to €59,000.

Most studio apartments in Medan are about 31 to 38 m², so a buyer should not compare them with larger one-bedroom layouts even when the listing title looks similar.

How much is a one-bedroom apartment in Medan in 2026?

As of June 2026, a typical one-bedroom apartment in Medan costs about Rp1.1 billion to Rp1.3 billion, or about $62,000 to $73,000 and €54,000 to €63,000.

Entry-level to mid-range one-bedroom apartments in Medan usually cost Rp850 million to Rp1.45 billion, or about $48,000 to $82,000 and €41,000 to €71,000, while larger or premium one-bedroom units can sit around Rp1.5 billion to Rp1.7 billion, or about $85,000 to $96,000 and €73,000 to €83,000.

The usual one-bedroom size in Medan is about 40 to 59 m², which is why the best one-bedroom deals are often the larger layouts just above the foreign-buyer comfort zone.

How much is a two-bedroom apartment in Medan in 2026?

As of June 2026, a typical two-bedroom apartment in Medan costs about Rp1.45 billion, or about $82,000 and €71,000, for a normal modern unit in a central building.

Entry-level to mid-range two-bedroom apartments in Medan usually cost Rp1.2 billion to Rp1.9 billion, or about $68,000 to $107,000 and €59,000 to €93,000, while high-end two-bedroom units can reach Rp2 billion to Rp2.5 billion, or about $113,000 to $141,000 and €98,000 to €122,000.

By the way, you will find much more detailed price ranges for apartments in our property pack covering the property market in Medan.

How much is a three-bedroom apartment in Medan in 2026?

As of June 2026, a typical three-bedroom apartment in Medan costs about Rp2.6 billion, or about $146,000 and €127,000, for a normal 90 to 100 m² unit.

Entry-level to mid-range three-bedroom apartments in Medan usually cost Rp2.2 billion to Rp3.2 billion, or about $124,000 to $180,000 and €107,000 to €156,000, while large luxury units can cost Rp4.5 billion to Rp6.8 billion, or about $254,000 to $383,000 and €220,000 to €332,000.

Most normal three-bedroom apartments in Medan are about 90 to 100 m², while premium condominium-style units can be much larger at about 140 to 145 m².

What's the price gap between new and resale apartments in Medan in 2026?

As of June 2026, new-build or developer-sold apartments in Medan usually cost about 10% to 20% more than comparable resale apartments in the same broad area.

For new-build apartments in Medan, a realistic average is about Rp27 million to Rp32 million per m², or about $1,520 to $1,800 and €1,320 to €1,560 per m².

For resale apartments in Medan, a realistic average is about Rp22 million to Rp28 million per m², or about $1,240 to $1,580 and €1,070 to €1,370 per m², which is why furnished resale can be the better first-year yield choice.

Can I afford to buy in Medan in 2026?

What's the typical total budget (all-in) to buy an apartment in Medan in 2026?

As of June 2026, a typical all-in budget to buy a standard apartment in Medan is about Rp1.58 billion to Rp1.65 billion, or about $89,000 to $93,000 and €77,000 to €80,000, if the apartment price itself is about Rp1.45 billion.

This all-in Medan apartment budget usually includes the purchase price, BPHTB buyer transfer tax, notary or PPAT fees, title checks, land-office administration, possible mortgage costs, translation costs and a safety buffer for foreign-buyer legal review.

We go deeper and try to understand what costs can be avoided or minimized and how in our Medan property pack.

What down payment is typical to buy in Medan in 2026?

As of June 2026, a foreign buyer should usually expect a 40% to 50% down payment in Medan, which is about Rp600 million to Rp750 million, or about $34,000 to $42,000 and €29,000 to €37,000, on a Rp1.5 billion apartment.

Some lenders may advertise lower down payments for Indonesian buyers, but foreign buyers in Indonesia usually face stricter checks, residence-permit requirements and narrower bank choice.

For more comfortable mortgage approval in Medan, a foreign buyer should plan closer to 50% down, because a larger deposit reduces bank risk and leaves room for taxes and legal costs.

Which neighborhoods are cheapest or priciest in Medan in 2026?

How much does the price per m² for apartments vary by neighborhood in Medan in 2026?

As of June 2026, apartment prices in Medan vary from about Rp14 million to Rp35 million per m², or about $790 to $1,970 and €680 to €1,710 per m², depending mainly on building quality and central location.

The most affordable apartment areas in Medan are usually Medan Helvetia, Medan Timur and the Medan Sunggal or Setiabudi edge, where normal apartment prices often sit around Rp14 million to Rp24 million per m², or about $790 to $1,350 and €680 to €1,170 per m².

The most expensive apartment areas in Medan are Medan Barat, Kesawan, Medan Petisah and Medan Baru, where normal modern stock often sits around Rp24 million to Rp35 million per m², or about $1,350 to $1,970 and €1,170 to €1,710 per m².

What neighborhoods are best for first-time buyers on a budget in Medan in 2026?

As of June 2026, the best Medan neighborhoods for first-time apartment buyers on a budget are Medan Kota, Medan Timur and the Medan Sunggal or Setiabudi edge.

In these budget-friendly Medan areas, a realistic apartment price range is about Rp800 million to Rp1.4 billion, or about $45,000 to $79,000 and €39,000 to €68,000, depending on the building and unit size.

These neighborhoods can offer central access, lower entry prices, local tenant demand, schools, shops and shorter daily travel than outer districts with weaker apartment demand.

The trade-off is that apartment liquidity can be weaker than in Podomoro City Deli Medan or Medan Petisah, so the buyer must check building maintenance, service-charge records and resale depth carefully.

Which neighborhoods have the fastest-rising apartment prices in Medan in 2026?

As of June 2026, the fastest-rising apartment areas in Medan are likely Medan Barat, Kesawan, Medan Petisah and Medan Baru, because these areas hold the city’s most visible modern apartment stock.

A realistic year-over-year asking-price increase in these stronger Medan areas is about 3% to 7%, while weaker outer apartment locations may be flat or only slightly higher.

The main driver is not a broad Medan apartment boom, but the scarcity of known central buildings with mall access, hospital access, university access, rail-station access and enough rental evidence to support investor demand.

What extra costs will I pay on top of the apartment price in Medan in 2026?

What are all the buyer closing costs when you buy an apartment in Medan?

For a typical Rp1.5 billion apartment purchase in Medan in 2026, buyer closing costs are usually about Rp135 million to Rp210 million, or about $7,600 to $11,800 and €6,600 to €10,200.

The main closing costs in Medan are BPHTB transfer tax, notary or PPAT fees, legal due diligence, title-transfer administration, mortgage-related fees, possible VAT on new units and small translation or advisory costs for foreign buyers.

The largest closing cost is usually BPHTB, because Medan applies buyer transfer tax to the taxable acquisition value after the local non-taxable allowance.

Some costs can vary or be negotiated, especially notary fees, legal-review fees, agent-fee allocation and seller discounts on a resale apartment.

On average, how much are buyer closing costs as a percentage of the purchase price for an apartment in Medan?

In Medan in 2026, buyers should usually budget about 9% to 14% of the apartment price for closing costs if they want a safe all-in number.

For standard resale apartments in Medan, a lower range of about 7% to 10% can work, while new developer apartments or financed purchases can move closer to 10% to 14%.

We actually cover all these costs and strategies to minimize them in our pack about the real estate market in Medan.

What are the ongoing monthly and yearly costs of an apartment in Medan in 2026?

What are typical HOA fees in Medan right now?

Apartment HOA-style fees in Medan are usually called service charges, and a normal modern apartment owner should expect about Rp900,000 to Rp1.8 million per month, or about $50 to $100 and €44 to €88, for a 60 m² two-bedroom unit.

A realistic range is about Rp15,000 to Rp30,000 per m² per month, so basic buildings can be near the low end while premium towers with pools, gyms, parking, security and sinking-fund charges can cost more.

What utilities should I budget monthly in Medan right now?

For a typical occupied apartment in Medan in June 2026, a practical monthly utility budget is about Rp1.1 million to Rp3.45 million, or about $62 to $194 and €54 to €168.

Light-use studios can be below the middle of that range, while two-bedroom and three-bedroom apartments with heavy air-conditioning can move toward the upper end.

The typical Medan utility budget includes electricity, water, internet, cooking gas or small household services and basic usage-related building charges.

Electricity is usually the most expensive utility for Medan apartment owners because air-conditioning use can change the monthly bill very quickly.

How much is property tax on apartments in Medan?

Annual property tax on a normal apartment in Medan is usually modest, so a Rp1.5 billion apartment might cost about Rp750,000 to Rp3 million per year, or about $40 to $170 and €37 to €146.

Property tax in Medan is based on the local taxable property value, not simply the online asking price, which is why the bill can feel small compared with the purchase price.

A realistic annual property-tax range for most Medan apartments is about Rp500,000 to Rp6 million, or about $30 to $340 and €25 to €290, depending on unit value, local valuation and any updated assessment.

What's the yearly building maintenance cost in Medan?

A practical yearly interior maintenance budget for an apartment owner in Medan is about 0.5% to 1% of property value, so a Rp1.5 billion unit needs about Rp7.5 million to Rp15 million per year, or about $420 to $850 and €365 to €730.

Newer apartments with good fittings may sit near the low end, while older or heavily rented Medan apartments can need more for air-conditioning servicing, repainting, appliance repair and damp prevention.

These maintenance costs usually include repairs inside the unit, AC servicing, furniture wear, plumbing issues, small replacements and tenant turnover costs.

In Medan, this owner maintenance budget is normally separate from the monthly service charge, because the service charge covers shared building operations rather than your private unit.

How much does home insurance cost in Medan?

Basic home insurance for an apartment in Medan typically costs about 0.05% to 0.15% of insured value per year, so a Rp1.5 billion apartment might cost about Rp750,000 to Rp2.25 million per year, or about $40 to $130 and €37 to €110.

A realistic annual insurance range is about Rp500,000 to Rp5 million, or about $30 to $280 and €25 to €245, depending on insured value, contents cover, flood or peril additions and rental use.

Home insurance is usually optional for cash buyers in Medan, but a lender may require insurance if the apartment is financed with a mortgage.

What sources have we used to write this blog article?

Whether it’s in our blog articles or the market analyses included in our property pack about Medan, we always rely on the strongest methodology we can, and we don’t throw out numbers at random.

We also aim to be fully transparent, so below we’ve listed the authoritative sources we used, and explained how we used them and the methods behind our estimates.

Source used	Why we trust it	How we used it
Bank Indonesia, Residential Property Price Survey Q1 2026	Bank Indonesia is Indonesia’s official central-bank source for the residential price cycle.	We used it to anchor the 2026 market direction. We avoided using Medan asking prices without checking the national trend.
BPS Kota Medan	BPS is Indonesia’s official statistics agency and has a local Medan office.	We used it to understand Medan’s demand base and local economic context. We treated it as the official baseline.
Kota Medan Dalam Angka 2026	This is the official annual statistical publication for Medan.	We used it for city-level context. We used it to avoid relying only on real estate portals.
Satu Data Pemerintah Kota Medan	This is Medan city government’s official data portal.	We used it as supporting local context. We used it to check whether neighborhood assumptions matched city data.
CEIC, Medan housing, water, electricity and household fuel CPI	CEIC republishes official Statistics Indonesia time series used by macro analysts.	We used it to check housing-related living costs into May 2026. We used the series as a utility-cost sanity check.
BPS national CPI table for housing and utilities	This is the official national source for CPI tables.	We used it to support the recurring-cost section. We checked it against the Medan-specific CEIC series.
Rumah123 Medan apartment listings	Rumah123 is one of Indonesia’s largest property portals.	We used it for live asking-price evidence. We adjusted for duplicates and negotiation risk.
Rumah123, two-bedroom Medan apartment listings	The page filters a major portal to the key investor apartment type.	We used it to estimate the two-bedroom range. We cross-checked it with 99.co and OLX.
Rumah123, Podomoro City Deli Medan project page	This page aggregates many listings in Medan’s main apartment cluster.	We used it as the Medan Barat and Kesawan benchmark. We did not treat it as representative of all Medan.
99.co Medan apartment listings	99.co is a major Indonesian listing platform with current advertised stock.	We used it to cross-check asking prices by size and district. We used it to reduce one-portal bias.
99.co Podomoro City Deli Medan	This is a project-level page for Medan’s dominant modern apartment scheme.	We used it to confirm sale and rent ranges. We used its rent evidence for yield sanity checks.
The Wahid Private Residence official site	This is the project’s own official marketing source.	We used it to verify the project’s positioning in Medan Baru. We did not use developer marketing alone.
Podomoro City Deli Medan official site	This is the official project source for Medan’s main integrated apartment complex.	We used it to understand facilities and location logic. We combined it with portal resale evidence.
OLX Medan apartment listings	OLX shows owner and agent resale advertisements in the local market.	We used it to check resale depth and negotiation signals. We excluded unclear or extreme listings.
Jendela360 Podomoro City Deli Medan rental page	Jendela360 gives apartment rent evidence by unit type.	We used it to test whether sale prices could support rent. We used it mainly for yield sanity checks.
Bapenda Kota Medan, BPHTB	Bapenda is the local tax authority for Medan city taxes.	We used it to estimate buyer transfer tax. We combined it with notary and due-diligence cost assumptions.
Perda Kota Medan No. 1/2024 via DDTC	DDTC republishes Indonesian tax rules in a structured legal database.	We used it to support local tax context. We still treated Bapenda as the practical Medan tax source.
Government Regulation No. 18/2021	This is a primary Indonesian legal source for land and apartment-unit rules.	We used it to frame foreign ownership rules. We connected it to practical apartment title checks.
ATR/BPN Regulation No. 18/2021	ATR/BPN is Indonesia’s land authority.	We used it for foreign-buyer title context. We treated it as legal background, not a substitute for a notary review.
PwC Indonesia TaxFlash 2026 property VAT guidance	PwC is a major professional tax adviser with Indonesia-specific guidance.	We used it to check the 2026 VAT incentive context. We kept VAT treatment cautious because eligibility is transaction-specific.
PLN electricity tariff adjustment page	PLN is Indonesia’s state electricity company.	We used it to support electricity-cost assumptions. We treated AC use as the biggest apartment utility variable.
Rumavi foreigner mortgage guide	Rumavi publishes Indonesia property-financing guidance for foreign buyers.	We used it to frame foreigner down-payment risk. We cross-checked it with other mortgage sources.