Authored by the expert who managed and guided the team behind the Indonesia Property Pack
Everything you need to know before buying real estate is included in our Indonesia Property Pack
Buying an apartment in Surabaya can feel overwhelming when you don't know what prices to expect or what hidden costs might surprise you.
This guide breaks down everything from typical apartment prices by bedroom count to closing costs, monthly fees, and neighborhood comparisons, all based on data we constantly update.
We wrote this so you can plan your budget with confidence and avoid the common pitfalls that catch foreign buyers off guard.
And if you're planning to buy a property in this place, you may want to download our pack covering the real estate market in Surabaya.
Insights
- The median apartment price in Surabaya in 2026 sits around Rp 750 million (about $45,000), which is roughly 60% cheaper than Jakarta's equivalent, making it Indonesia's best value major city for apartment buyers.
- Studios in Surabaya often cost more per square meter than larger units because the kitchen and bathroom take up a bigger share of the total space, so you pay a premium for compact living.
- New-build apartments in Surabaya typically run 5% to 20% more expensive than resale units, but government VAT relief on eligible new apartments can narrow or even reverse that gap for buyers who qualify.
- The price per square meter in Surabaya varies wildly by neighborhood, from around Rp 8 million/m² in Benowo to over Rp 35 million/m² in premium Pakuwon developments, a fourfold difference within the same city.
- Buyer closing costs in Surabaya run between 6% and 10% of the purchase price, with the BPHTB acquisition tax alone accounting for most of that expense.
- Monthly service charges (IPL) for Surabaya apartments typically range from Rp 10,000 to Rp 25,000 per square meter, so a 45 m² one-bedroom could cost you Rp 450,000 to Rp 1.1 million monthly before utilities.
- Surabaya apartment rental yields average around 6.6%, significantly outperforming Jakarta's 4%, which explains why investors increasingly look to Indonesia's second city for income-generating properties.
- West Surabaya's Dukuh Pakis and Wiyung corridors are seeing the fastest price appreciation thanks to new mixed-use developments and improved infrastructure connecting them to the city center.
- Electricity is typically the largest utility expense for Surabaya apartment owners, with air conditioning usage pushing monthly bills anywhere from Rp 400,000 to Rp 1.2 million depending on habits.
- Property insurance for a Surabaya apartment costs roughly 0.03% to 0.10% of the insured value per year, meaning an Rp 800 million unit runs about Rp 240,000 to Rp 800,000 annually for basic fire coverage.
How much do apartments really cost in Surabaya in 2026?
What's the average and median apartment price in Surabaya in 2026?
As of January 2026, the median asking price for a typical apartment in Surabaya sits around Rp 750 million (approximately $45,000 or €38,500), while the average price reaches about Rp 1.2 billion ($72,000 or €61,500) because luxury and larger units pull the number upward.
When you look at the cost per square meter, the median lands around Rp 14 million/m² (about $840/m² or €720/m²), though this varies significantly depending on location and building quality.
Most standard apartments in Surabaya fall within a price band of Rp 10 to 20 million per square meter ($600 to $1,200/m² or €510 to €1,025/m²), with premium projects in prime locations reaching Rp 22 to 35 million or more per square meter.
How much is a studio apartment in Surabaya in 2026?
As of January 2026, a typical studio apartment in Surabaya costs between Rp 350 million and Rp 650 million (roughly $21,000 to $39,000 or €18,000 to €33,300), depending on location and building amenities.
Entry-level to mid-range studios in older buildings or fringe locations start around Rp 250 to 450 million ($15,000 to $27,000 or €12,800 to €23,000), while high-end studios in prime projects can reach Rp 650 million to over Rp 1 billion ($39,000 to $60,000+ or €33,300 to €51,300+).
Studios in Surabaya typically measure between 20 and 30 square meters, which is fairly standard for Indonesia's apartment market and reflects the compact urban living trend gaining popularity among young professionals.
How much is a one-bedroom apartment in Surabaya in 2026?
As of January 2026, a typical one-bedroom apartment in Surabaya costs around Rp 500 to 950 million (approximately $30,000 to $57,000 or €25,600 to €48,700), making it the most popular choice for singles and young couples.
Mid-market one-bedroom units fall within the Rp 500 to 950 million range, while premium one-bedrooms in prime districts like Pakuwon or Gubeng can reach Rp 950 million to Rp 1.6 billion ($57,000 to $96,000 or €48,700 to €82,000).
One-bedroom apartments in Surabaya typically measure between 35 and 45 square meters, providing enough space for comfortable living while remaining affordable for first-time buyers.
How much is a two-bedroom apartment in Surabaya in 2026?
As of January 2026, a typical two-bedroom apartment in Surabaya costs between Rp 850 million and Rp 1.6 billion (approximately $51,000 to $96,000 or €43,600 to €82,000), which suits families or buyers seeking more space.
Entry-level to mid-range two-bedroom units generally fall within the Rp 850 million to Rp 1.6 billion range, while luxury two-bedrooms in premium developments can reach Rp 1.6 to Rp 2.8 billion or more ($96,000 to $168,000+ or €82,000 to €143,600+).
By the way, you will find much more detailed price ranges for apartments in our property pack covering the property market in Surabaya.
How much is a three-bedroom apartment in Surabaya in 2026?
As of January 2026, a typical three-bedroom apartment in Surabaya costs between Rp 1.4 and Rp 2.6 billion (approximately $84,000 to $156,000 or €71,800 to €133,300), positioning it as a spacious family option in the city.
Mid-market three-bedroom apartments range from Rp 1.4 to Rp 2.6 billion, while high-end or luxury units in premium projects can reach Rp 2.6 to Rp 4.5 billion or higher ($156,000 to $270,000+ or €133,300 to €230,800+).
Three-bedroom apartments in Surabaya typically measure between 85 and 120 square meters, and larger units often benefit from a slightly lower price per square meter compared to studios and one-bedrooms.
What's the price gap between new and resale apartments in Surabaya in 2026?
As of January 2026, new-build apartments in Surabaya typically cost about 5% to 20% more than comparable resale units on a like-for-like basis, though government incentives can significantly affect this gap.
New-build apartments in Surabaya average around Rp 15 to 18 million per square meter ($900 to $1,080/m² or €770 to €920/m²), as developers factor in modern amenities, warranties, and sometimes furnishing packages.
Resale apartments tend to trade at around Rp 12 to 15 million per square meter ($720 to $900/m² or €615 to €770/m²), especially if the building has higher monthly charges, older finishes, or limited parking availability.
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Can I afford to buy in Surabaya in 2026?
What's the typical total budget (all-in) to buy an apartment in Surabaya in 2026?
As of January 2026, a typical all-in budget to buy a standard one-bedroom apartment in Surabaya ranges from about Rp 690 to 990 million ($41,000 to $59,000 or €35,400 to €50,800), including the purchase price and all closing costs.
Beyond the apartment price, your all-in budget should include the BPHTB acquisition tax, notary and PPAT fees, administrative charges, and if you use a mortgage, additional costs for appraisal, bank fees, and mandatory insurance bundling.
We go deeper and try to understand what costs can be avoided or minimized (and how) in our Surabaya property pack.
You can also read our dedicated blog article to understand what you can at different budget levels in Surabaya.
What down payment is typical to buy in Surabaya in 2026?
As of January 2026, a typical down payment for an apartment in Surabaya ranges from 20% to 40% of the purchase price, which means roughly Rp 150 to 480 million ($9,000 to $29,000 or €7,700 to €24,600) for a mid-range unit.
Most Indonesian banks require a minimum down payment of 15% to 20% for owner-occupiers, though lending policies can vary and foreign buyers often face stricter requirements depending on visa status and income documentation.
To secure more favorable mortgage terms with lower interest rates and better approval chances, a down payment of 30% or more is generally recommended in the Surabaya market.
We made this infographic to show you how property prices in Indonesia compare to other big cities across the region. It breaks down the average price per square meter in city centers, so you can see how cities stack up. It’s an easy way to spot where you might get the best value for your money. We hope you like it.
Which neighborhoods are cheapest or priciest in Surabaya in 2026?
How much does the price per m² for apartments vary by neighborhood in Surabaya in 2026?
As of January 2026, apartment prices per square meter in Surabaya range from around Rp 8 million ($480 or €410/m²) in budget areas to over Rp 35 million ($2,100 or €1,800/m²) in the most premium developments.
The most affordable neighborhoods for apartments include Benowo, Pakal, and parts of Kenjeran, where prices typically fall between Rp 8 and 12 million per square meter ($480 to $720/m² or €410 to €615/m²).
The priciest neighborhoods are Dukuh Pakis, the Pakuwon corridor, and CBD-adjacent areas like Gubeng and Tegalsari, where prices range from Rp 22 to 35 million or more per square meter ($1,320 to $2,100+/m² or €1,130 to €1,800+/m²).
By the way, we've written a blog article detailing what are the current best areas to invest in property in Surabaya.
What neighborhoods are best for first-time buyers on a budget in Surabaya in 2026?
As of January 2026, the top three neighborhoods for budget-conscious first-time buyers in Surabaya are Rungkut in East Surabaya, Sukolilo near the university district, and Benowo on the western edge of the city.
In these budget-friendly areas, typical apartment prices range from Rp 300 to 650 million ($18,000 to $39,000 or €15,400 to €33,300), offering solid entry points for buyers who want to own rather than rent.
These neighborhoods offer practical daily infrastructure like shopping centers, schools, and public transport access, and Rungkut in particular benefits from proximity to industrial zones that provide steady rental demand.
The main trade-off is longer commute times to the city center and premium commercial areas, plus older building stock in some developments that may have higher maintenance needs.
Which neighborhoods have the fastest-rising apartment prices in Surabaya in 2026?
As of January 2026, the neighborhoods with the fastest-rising apartment prices in Surabaya are Dukuh Pakis and the Wiyung corridor in West Surabaya, along with CBD-adjacent pockets in Gubeng and Wonokromo.
These fast-appreciating areas have seen estimated year-over-year price increases of around 6% to 10%, outpacing the citywide average of roughly 2% to 3% annual growth.
The main driver behind this rapid growth is new mixed-use development projects, improved infrastructure connecting these areas to the city center, and strong demand from both local families and investors seeking lifestyle locations.
You can also read our latest update about property price forecasts in Surabaya.
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What extra costs will I pay on top of the apartment price in Surabaya in 2026?
What are all the buyer closing costs when you buy an apartment in Surabaya?
The estimated total buyer closing cost for a typical apartment purchase in Surabaya ranges from Rp 40 to 100 million ($2,400 to $6,000 or €2,050 to €5,130), depending on the purchase price and transaction complexity.
The main categories of closing costs include the BPHTB (land and building acquisition duty), notary and PPAT fees for deed processing, administrative fees for stamps and certificates, and if using a mortgage, bank-related costs like appraisal and insurance.
The BPHTB acquisition tax is typically the largest single expense, calculated as a percentage of the property's taxable value and often representing half or more of your total closing costs.
Notary fees can vary between practitioners and are somewhat negotiable, while administrative costs are generally fixed but can differ based on document complexity and the specific building you're purchasing in.
On average, how much are buyer closing costs as a percentage of the purchase price for an apartment in Surabaya?
Buyers in Surabaya should typically budget between 6% and 10% of the purchase price for closing costs, which means an Rp 900 million apartment would require an additional Rp 54 to 90 million ($3,200 to $5,400 or €2,770 to €4,600) in transaction expenses.
The realistic range spans from about 6% to 7% for straightforward cash purchases with clean documentation, up to 9% to 10% or more for transactions involving mortgage-related costs or complex paperwork situations.
We actually cover all these costs and strategies to minimize them in our pack about the real estate market in Surabaya.
We did some research and made this infographic to help you quickly compare rental yields of the major cities in Indonesia versus those in neighboring countries. It provides a clear view of how this country positions itself as a real estate investment destination, which might interest you if you’re planning to invest there.
What are the ongoing monthly and yearly costs of an apartment in Surabaya in 2026?
What are typical HOA fees in Surabaya right now?
In Surabaya, apartment service charges (called IPL) function like HOA fees and typically range from Rp 450,000 to Rp 1.1 million per month ($27 to $66 or €23 to €56) for a standard one-bedroom unit of around 45 square meters.
The realistic range spans from Rp 10,000 to Rp 25,000 per square meter monthly, with basic buildings charging on the lower end and luxury developments with pools, gyms, and 24-hour staff charging toward the higher end.
What utilities should I budget monthly in Surabaya right now?
The estimated total monthly utility cost for a typical apartment in Surabaya ranges from Rp 775,000 to Rp 2 million ($46 to $120 or €40 to €103), depending on apartment size, air conditioning usage, and personal consumption habits.
For a one-bedroom apartment, expect a realistic range of Rp 775,000 to Rp 1.5 million monthly, while larger units or heavy AC users can easily reach Rp 2 million or more during hot months.
The typical monthly utility budget in Surabaya includes electricity (Rp 400,000 to Rp 1.2 million), water (Rp 75,000 to Rp 250,000), and internet (Rp 300,000 to Rp 600,000), with building-specific variations possible.
Electricity is by far the most expensive utility for Surabaya apartment owners because air conditioning drives consumption significantly, especially during the dry season when temperatures climb.
How much is property tax on apartments in Surabaya?
The estimated typical annual property tax (PBB-P2) for an apartment in Surabaya ranges from Rp 300,000 to Rp 2 million ($18 to $120 or €15 to €103) for most owner-occupier units, with premium properties paying more.
Property tax in Surabaya is calculated based on the NJOP (government-assessed taxable value) of your unit, which is typically lower than the market price, and the applicable tax rate set by local regulation.
The realistic range varies widely because NJOP values and building classifications differ, so a modest unit might pay a few hundred thousand rupiah while a luxury penthouse could pay several million annually.
If you want to go into more details, we also have a blog article detailing all the property taxes and fees in Surabaya.
What's the yearly building maintenance cost in Surabaya?
The estimated typical yearly building maintenance cost for apartment owners in Surabaya ranges from Rp 5 to 13 million ($300 to $780 or €256 to €667), calculated from monthly IPL charges multiplied by twelve.
The realistic range depends on building age, amenity level, and management quality, with newer premium developments often charging more but delivering better upkeep and facilities.
Building maintenance costs in Surabaya typically cover security, cleaning, elevator maintenance, common area upkeep, facility management, and sometimes a sinking fund contribution for major future repairs.
In most Surabaya apartments, building maintenance is included within your IPL service charge, so you generally won't pay it as a separate line item unless the building has an additional sinking fund structure.
How much does home insurance cost in Surabaya?
The estimated typical annual home insurance cost for an apartment in Surabaya ranges from Rp 240,000 to Rp 800,000 ($14 to $48 or €12 to €41) for basic property and fire coverage on a mid-range unit valued around Rp 800 million.
The realistic range is approximately 0.03% to 0.10% of the insured property value per year, with the rate varying based on coverage level, building construction type, and whether you add flood or earthquake riders.
Home insurance is generally optional for apartment owners in Surabaya unless you have a mortgage, in which case banks typically require property insurance as part of the loan conditions.
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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 Surabaya, 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 | Why it's authoritative | How we used it |
|---|---|---|
| Bank Indonesia Residential Property Price Survey Q3 2025 | Indonesia's central bank publishes the core national housing dataset. | We used it to anchor market context and validate that prices are growing slowly. We also referenced its financing indicators for affordability assumptions. |
| Bank Indonesia Property Survey News Release | Official BI summary that matches the underlying survey report. | We used it to double-check headline growth figures. We also used it to avoid overreacting to listing noise in our estimates. |
| BPS Residential Property Price Index 2025 | Indonesia's official statistics agency publishes the flagship housing price index. | We used it as the official price movement reference. We kept our 2026 estimates consistent with recent national housing inflation. |
| BPS Surabaya City Property Survey | Local BPS branch covering Surabaya-specific property data including apartments. | We used it to confirm apartments are in the local data scope. We justified treating apartments separately from landed houses in our price bands. |
| Rumah123 Surabaya Apartment Listings | Major Indonesian property marketplace with large inventory and consistent listing fields. | We triangulated current asking prices by unit size and location. We converted prices into Rp/m² bands for our median and average estimates. |
| Surabaya Perda No. 7/2023 (Local Tax Regulation) | Official city government legal documentation for local taxes and levies. | We used it as the primary legal basis for Surabaya property taxes and fees. We structured our closing cost checklist around what's actually codified locally. |
| BPK Regulation Database for Surabaya Perda | National regulation database that cross-references local laws independently. | We used it as a second confirmation we're citing the correct regulation. We reduced the risk of citing an outdated or similarly named law. |
| DJP VAT Incentive Announcement (PMK-13/2025) | Official tax authority release covering VAT relief for apartment units. | We explained why some new units can have meaningful VAT relief. We described how developer pricing can differ from resale pricing. |
| ANTARA News VAT Extension Report | Indonesia's state news agency reporting Ministry of Finance statements. | We set expectations that VAT relief continues beyond 2026. We cautioned that eligibility rules still apply per project. |
| PLN Official Electricity Tariff Page | State electricity utility with centrally governed tariff rules. | We used it as the authoritative reference for electricity tariff structures. We translated the framework into monthly budgeting ranges. |
| CNBC Indonesia Q1 2026 Electricity Tariff Report | Major national business outlet reporting the official tariff decision. | We time-stamped our utility budgeting as of January 2026. We avoided quoting stale tariffs from prior periods. |
| PDAM Surya Sembada Surabaya Tariff Table | Official water utility for Surabaya with published tariff tables. | We grounded water cost budgeting in real Surabaya tariff brackets. We translated the table into practical monthly bill ranges. |
| PDAM Surya Sembada Tariff Policy Statement | Water utility's own explanation of tariff policy and customer categories. | We added context on why water bills vary by customer class. We encouraged buyers to ask what category applies to their unit. |
| OJK Property Insurance Tariff Framework | Indonesia's financial regulator governs property insurance pricing. | We justified a realistic, regulator-consistent annual home insurance range. We converted the tariff logic into simple annual percentage estimates. |
| Detik Properti IPL Guide | Major Indonesian media outlet with practical property cost guidance. | We used it to set realistic IPL service charge ranges. We converted the per-m² rates into monthly amounts for different unit sizes. |
| Trading Economics Indonesia Property Index | Respected economic data aggregator tracking official Indonesian statistics. | We cross-referenced price growth trends for context. We confirmed the slow-growth market environment for our 2026 estimates. |
| Global Property Guide Indonesia Analysis | International property research firm with Indonesia market coverage. | We referenced rental yield data and market context. We validated our affordability and investment return assumptions. |
We created this infographic to give you a simple idea of how much it costs to buy property in different parts of Indonesia. As you can see, it breaks down price ranges and property types for popular cities in the country. We hope this makes it easier to explore your options and understand the market.
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