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Market prices / Districts / Nərimanov

Nərimanov — real estate market prices

Apartment sale — median
261 000 AZN
Median price per m²
3 323 AZN/m²
vs Baku
20.6% above Baku
Apartment rent — median (monthly)
600 AZN
Gross annual yield
2.8%
Payback period
~35,7 years
Time to sell — Prayk listings
6 days

Browse listings: Nərimanov →

Sale price dynamics — apartments

-11.5% in 49 days
8/23/2026 · 295 000 AZN10/11/2026 · 261 000 AZN

Rent price dynamics — apartments

+0.0% in 49 days
8/23/2026 · 600 AZN10/11/2026 · 600 AZN

Prices by deal and property type

GroupMedian (AZN)AZN/m²Range (AZN)ListingsSell (days)
Rent — Apartments60010490–7003973
Sale — Apartments261 0003 323188 750–355 7501884
Rent — Commercial property2 50016775–3 500354
Daily rent — Apartments60135–703512
Rent — Houses & villas2196190–300

Prices by number of rooms

GroupMedian (AZN)AZN/m²Range (AZN)ListingsSell (days)30 days
Rent — Apartments · 2 rooms49010490–60018330.0%
Rent — Apartments · 3 rooms6009600–80015230.0%
Sale — Apartments · 3 rooms300 0003 255234 500–398 750803-34.1%
Sale — Apartments · 2 rooms226 5003 451165 000–260 500764+33.2%

Neighbouring districts

Nəsimi2,2 km
3 061 AZN/m²
Binəqədi3 km
2 444 AZN/m²
Yasamal4,8 km
2 903 AZN/m²
Nizami6,7 km
2 800 AZN/m²

Frequently asked questions

How much does an apartment cost in Nərimanov?
Across 188 listings of the last 90 days, the median asking price for apartment sales in Nərimanov is 261 000 AZN; the median per m² is 3 323 AZN.
How much does renting out an apartment in Nərimanov earn?
Median monthly rent 600 AZN and median sale price 261 000 AZN give a gross annual yield of about 2.8%. The figure is based on asking prices; costs are not included.
Is Nərimanov pricier than the Baku average?
The median apartment sale price per m² in Nərimanov is 3 323 AZN versus 2 756 AZN for Baku — 20.6% above Baku. Figures are computed from asking-price listings of the last 90 days.
How many years does a rental apartment in Nərimanov take to pay back?
With a gross annual yield of 2.8%, payback takes roughly 35,7 years (median monthly rent × 12 ÷ median sale price; taxes, vacancy and repairs are not included).
Where do these figures come from?
Prayk's market observation system collects prices of listings published in the last 90 days and processes them statistically every night: medians and quartiles are computed, outliers are excluded.

Figures are asking prices from listings, not actual transaction prices. Outliers are excluded from the statistics; only groups with at least 8 listings are shown. "Time to sell" is the median lifetime of a listing before it leaves the market. Yield is a gross figure: taxes, repairs, utilities and vacancy are not taken into account.

23
—
Sale — Houses & villas115 0001 050105 000–160 0009—
Rent — Apartments · 1 rooms30510140–450303+117.9%
Daily rent — Apartments · 2 rooms70160–88197—
Rent — Apartments · 4 rooms1 00010988–1 20016——
Sale — Apartments · 4 rooms517 5003 087427 500–590 000163—
Sale — Apartments · 5 rooms535 0003 204374 500–1 360 00012——
Daily rent — Apartments · 3 rooms50135–6911——
Sale — Apartments · 1 rooms154 0003 792135 750–170 000106—
Rent — Houses & villas · 1 rooms2507180–2809——
Rent — Houses & villas · 2 rooms2197200–4009——