Belgrade

As of June 2026, Belgrade has 3,575 active Airbnb and VRBO listings. This represents a 13% decrease from the previous year.

The average Airbnb or VRBO in Belgrade generates RSD1.3M per year. High-performing properties earn RSD3.2M/year, while low-performing properties earn RSD429K/year. This wide revenue spread suggests that market returns are highly sensitive to property positioning, as the supply contraction has not yet compressed the variance between top-tier and average assets.

Airbnb and VRBO can be profitable in Belgrade. Average annual revenue is RSD1.3M with 36% occupancy. High-performing properties earn up to RSD3.2M/year. The delta between average and high performance indicates that revenue capture is driven by specific asset utilization rather than broad market demand, despite the recent 12.6% decline in total supply.

The average occupancy rate for Airbnbs and VRBOs in Belgrade is 36%. This occupancy level, combined with an average nightly rate of RSD9K, results in a RevPAR (revenue per available room) of RSD3K per day.

4+ bedroom properties demonstrate the strongest performance in Belgrade, with annual revenue of RSD3.1M. These properties balance operating costs and rental demand most effectively in the Belgrade market. Property performance varies significantly by location, amenities, and management quality.

Short-term rental regulations vary by jurisdiction in the Belgrade area. Belgrade: Lenient. Registration with tax authority required, tourist tax collection mandatory. Minimal enforcement in practice. Many hosts operate informally without registration. No owner-occupancy rules or rental caps. Authorities focus on tax collection rather than compliance monitoring. Always verify current regulations with local authorities and obtain necessary permits before operating a short-term rental.

The Belgrade Airbnb and VRBO market is currently showing balanced conditions. Supply has declined 13% year-over-year, while RevPAR has decreased 9%. This indicates balanced supply-demand dynamics. The simultaneous drop in supply and revenue suggests that the market is recalibrating as lower-yielding listings exit, potentially stabilizing the occupancy baseline.

Launch around September, 2-3 months before peak fall season (December peaks). This pre-peak timing lets you build reviews when competition is -51% lower than peak months. Avoid launching during peak season when established listings dominate, or slow months (May-February) when gaining traction is harder.

The most common amenities in Belgrade listings include: Air Conditioning (98%), Kitchen (98%), Tv (96%), Heating (91%), Washing Machine (81%). Amenities that boost revenue the most include Air Conditioning, Washing Machine, Heating, with Air Conditioning properties earning approximately 39% more (RSD1.7M/year vs RSD1.3M/year).

Monthly estimated revenue per listing in Belgrade over the last 12 months: May: RSD71K, June: RSD68K, July: RSD79K, August: RSD74K, September: RSD80K, October: RSD84K, November: RSD71K, December: RSD102K, January: RSD71K, February: RSD53K, March: RSD73K, April: RSD94K. These figures are based on RevPAR (revenue per available room) multiplied by the number of days in each month.

The overall average nightly rate in Belgrade is RSD9K, up 21% year-over-year. By property size: 1-bedroom properties average RSD8K/night, 2-bedroom properties average RSD12K/night, 3-bedroom properties average RSD17K/night, 4+ bedroom properties average RSD29K/night. Rates peak in December and are lowest in June.

Guests in Belgrade book an average of 21 days in advance, down 26% from last year. By property size: 1-bedroom: 20 days, 2-bedroom: 25 days, 3-bedroom: 26 days, 4+ bedroom: 37 days. Larger properties tend to have longer booking windows as guests plan group trips further ahead.

Over the past year, the Belgrade Airbnb and VRBO market has seen the following changes: supply declined 13%, revenue per listing decreased 9%, occupancy fell 12%, average nightly rates increased 21%, and lead time decreased 26%. Higher rates paired with lower occupancy imply that price sensitivity is shifting, reflecting a market responding to tighter booking windows.

In Belgrade, Saturday sees the highest booking demand while Monday has the lowest. Nightly rates peak on Friday and are lowest on Monday. Weekends show 27% higher occupancy than weekdays.