Source: BNBCalc market metadata · Reviewed by Parker Place, CTO of BNBCalc.com · Data updated October 7, 2026
Best Airbnb Markets in Montenegro
Budva is the top Montenegro short-term rental market across Airbnb and Vrbo by annual revenue. Average-tier listings in Budva earn $20,429 a year on average, with 36% occupancy at an average daily rate of $117. Budva has 6,897 average active listings.
Top revenue market
Budva
$20.4K
Median annual revenue
$13.4K
Average listing revenue
Median occupancy
33%
Adjusted occupancy
Tracked markets
5
Countrywide market coverage
Top 10 Montenegro Airbnb and Vrbo Markets
#1
Budva
BNBCalc tracks Budva as a Montenegro short-term rental market with Airbnb, Vrbo, and broader rental performance context.
Revenue
$20.4K
Occupancy
36%
Average active listings
6,897
#2
Žabljak
BNBCalc tracks Žabljak as a Montenegro short-term rental market with Airbnb, Vrbo, and broader rental performance context.
Revenue
$15.2K
Occupancy
36%
Average active listings
806
#3
Ulcinj
BNBCalc tracks Ulcinj as a Montenegro short-term rental market with Airbnb, Vrbo, and broader rental performance context.
Revenue
$13.4K
Occupancy
25%
Average active listings
1,215
#4
Sutomore
BNBCalc tracks Sutomore as a Montenegro short-term rental market with Airbnb, Vrbo, and broader rental performance context.
Revenue
$8.0K
Occupancy
26%
Average active listings
325
#5
Podgorica
BNBCalc tracks Podgorica as a Montenegro short-term rental market with Airbnb, Vrbo, and broader rental performance context.
Revenue
$7.9K
Occupancy
33%
Average active listings
551
All Montenegro Short-Term Rental Markets
Every market below links to its full BNBCalc market page. Non-US country rankings use annual revenue first because gross yield requires property value metadata that is currently US-only.
Average active listings is the average number of Airbnb and Vrbo listings active in a market each month over the last 12 months, the same figure you'll see on that market's page. Annual revenue is total market revenue over the last 12 months divided by that average, and it already includes cleaning fees.
Outside the US, BNBCalc ranks country market pages by average annual revenue until property-value coverage is available for international gross yield. Annual revenue is useful for identifying demand and pricing power, but investors should still review acquisition cost, taxes, seasonality, regulations, and operating expenses before comparing returns.
Frequently Asked Questions About Montenegro Airbnb and Vrbo Markets
Budva is the top Montenegro short-term rental market for Airbnb and Vrbo investors by annual revenue in this BNBCalc dataset. Average-tier listings in Budva earn $20,429 a year on average, with 36% occupancy at an average daily rate of $117. Budva has 6,897 average active listings.
Non-US country pages are ranked by average annual revenue because gross yield requires property-value metadata that is currently strongest in the US. ADR, occupancy, and average active Airbnb and Vrbo listings are shown to add demand and supply context.
Gross yield requires both revenue and property-value metadata. BNBCalc does not yet have consistent international property-value coverage, so annual revenue is the cleaner primary ranking metric for non-US country pages.
No. Annual revenue is useful for identifying demand and pricing power, but investors should still review acquisition cost, regulations, seasonality, taxes, financing, insurance, and operating expenses before comparing returns.
