Moderate increase in Heka’s average rent next year

Even after the increase, the average rent for Heka apartments will be 30.1% lower than the average rent for non-subsidised rental apartments in Helsinki, so the difference when compared to market rents remains clear.

The Heka Board approved the rents for 2027 at its meeting on 23 September 2026. Tenants will be sent a letter about their rent for next year by the end of October. The new rents will come into force on 1 January 2027.

At their lowest, the rent raises will be 0.1%, and at their highest, 2.5%. The majority of rent raises will be between 1.0 and 1.5%.

On average, a 1.8% increase means an increase in monthly rent of around €10 for a 40-square-metre apartment and an €18 increase for a 70-square-metre apartment.

You can check location-specific average rents in the table below.

Increasing costs are adding pressure to increase rents, but surplus from previous years is mitigating the effects

Rising interest costs, the general increase in the cost of living and the repairs required to maintain the property portfolio are driving up Heka’s costs. Maintenance costs are expected to continue to rise, even though efforts have been made to curb their increase through cost-cutting measures. The impact of the increases has been mitigated by taking into account a surplus of approximately 18 million EUR from previous financial years in the rent determination for 2027.

“The rents now confirmed are the result of our success in balancing rising costs and keeping rent increases within reasonable limits. The most important thing for tenants is that housing costs remain as predictable as possible, even when the global and economic situation is unstable,” says Managing Director of Heka Maria Aspala.

Prices of goods and services are forecast to continue to rise, which will also affect Heka’s cost development. Heka operates according to a cost-price principle, meaning that it uses rent payments to cover the costs of building, repairing, maintaining and managing its apartments.

Heka does not seek profit nor pay dividends to its owner, the City of Helsinki.