Where is the best place to look for a luxury property for rent in Latvia

Latvia has become an increasingly attractive destination for international property investors and overseas home buyers seeking value, stability, and access to the wider European market.

As a member of the European Union with a growing economy, Latvia offers competitive property prices, strong rental yields, and long-term capital growth potential compared to many Western European countries.

Foreign buyers are drawn to Latvia for its transparent legal system, improving infrastructure, and lifestyle appeal that blends historic charm with modern living.

The capital city, Riga, is the most popular location for international buyers, offering a diverse range of apartments, townhouses, and investment properties.

Riga's Old Town, Centrs district, and emerging neighborhoods near the river Daugava are especially attractive for short-term rentals, long-term lets, and owner-occupier purchases.

Outside the capital, the coastal resort town of Jurmala continues to attract overseas buyers looking for waterfront homes, holiday properties, and luxury villas.

Other towns such as Liepaja, Ventspils, and Daugavpils are gaining attention from investors seeking affordable properties with growing local demand and lower entry costs.

When it comes to property for rent in Latvia, there are several types depending on your needs, budget, and location.

Residential properties such as apartments or flats can come with 1 to 5 bedrooms and can be furnished and include services like cleaning and the cost of utilities such as water and heat.

Houses come in a variety of configurations such as detached homes which is a standalone property, and usually private, semi-detached houses which are two homes joined side-by-side and terraced houses which are a row of connected homes.


Bungalows are single-story houses, townhouses or row houses are multi-story homes that share walls with neighboring units, and condos (Condominiums) are privately owned units in a building or complex, with shared amenities.

Commercial properties include offices, retail spaces such as shops, warehouses suitable for storage and distribution facilities, industrial units for manufacturing, assembly, or heavy industry businesses.

Other commercial properties also include restaurants or cafés that come with necessary equipment or licenses. Deciding where is the best place to look for a luxury property for rent in Latvia will depend on your needs, budget, and preferred location.