inner east
Östermalm
Stockholm's most prestigious address — boulevards, embassies and fine dining.
Living in Östermalm
Östermalm is the city's grandest and most expensive district, a planned 19th-century quarter of wide boulevards, ornate facades and exclusive retail. Home to embassies, flagship stores and the historic Östermalms Saluhall food hall, it offers a refined, upmarket lifestyle. Apartments here are among the largest and most sought-after in central Stockholm.
The apartment market
Östermalm is a inner east neighborhood where average rents run 352 kr per square metre — above the city average for Stockholm, where the typical figure is 322 kr. A one-bedroom apartment lets for around 17 100 kr a month and a two-bedroom for 22 600 kr. With a short 10-minute trip to T-Centralen, it suits renters who value dining and safety.
Day to day, Östermalm offers exceptional dining and strong nightlife, strong access to green space, and exceptional safety. Public transport is excellent, served by metro, bus, and tram. The area is best known for wide 19th-century boulevards, flagship and luxury retail, and embassies and grand residences.
Buyers should expect bostadsrätt (owner-occupier) prices near 128 000 kr per square metre, which command a premium over the Stockholm average of 109 625 kr. Rental supply in Östermalm is dominated by sought-after period apartments and renovated stock, and demand is steadied by excellent transit links and proximity to the inner city.
| Apartment | Avg. monthly rent |
|---|---|
| Studio | 12 400 kr |
| One bedroom | 17 100 kr |
| Two bedroom | 22 600 kr |
| Three bedroom | 31 200 kr |
Getting around
Östermalm is roughly 10 minutes from T-Centralen by public transport, served by metro, bus, tram. Key links include Red line, Spårväg City tram, Östermalmstorg.
What Östermalm is known for
- Wide 19th-century boulevards
- Flagship and luxury retail
- Embassies and grand residences
- Large, high-ceilinged apartments
Local highlights
Frequently asked questions
- How much does it cost to rent an apartment in Östermalm?
- In Östermalm, expect to pay roughly 12 400 kr per month for a studio, 17 100 kr for a one-bedroom, 22 600 kr for a two-bedroom, and 31 200 kr for a three-bedroom. That works out to about 352 kr per square metre.
- Is Östermalm expensive compared to the rest of Stockholm?
- Östermalm is above the city average in Stockholm. Its 352 kr per square metre compares with a city-wide average of 322 kr across the 8 neighborhoods we track.
- How long is the commute from Östermalm to central Stockholm?
- Getting to T-Centralen from Östermalm takes around 10 minutes by public transport. The area is served by metro, bus, and tram, including Red line, Spårväg City tram, and Östermalmstorg.
- Is Östermalm a good place to live?
- Östermalm scores exceptional on safety and excellent on transit. It is particularly well suited to people who prioritise dining and safety. Residents are roughly 73 000 across 5.06 km².
- What is Östermalm known for?
- Östermalm is known for wide 19th-century boulevards, flagship and luxury retail, embassies and grand residences, and large, high-ceilinged apartments.
Nearby & comparable areas
Vasastan
inner northElegant, calm and central — classic stone architecture with a residential feel.
- Rent / m²
- 312 kr
- To T-Centralen
- 8 min
Norrmalm
city centreThe commercial heart of Stockholm — everything on your doorstep.
- Rent / m²
- 334 kr
- To T-Centralen
- 3 min
Djurgården
royal park islandGreen, tranquil and exclusive — living inside Stockholm's royal park.
- Rent / m²
- 345 kr
- To T-Centralen
- 16 min