Odessa remains one of Ukraine’s most dynamic cities, where demand for real estate remains consistently high for both purchases and long-term rentals. Investors are increasingly turning their attention to various neighborhoods in Odessa, comparing their infrastructure, proximity to the sea, price per square meter, and rental return.

For those looking to buy an apartment in Odesa with the prospect of a quick return on investment through renting, it’s important to consider the characteristics of each neighborhood. And for property owners planning to rent out their units profitably, it is crucial to understand where demand for apartment rentals is highest in Odessa today and what trends are shaping the market.

In this article, we will analyze four key areas of Odesa—the Primorsky, Kyivsky, Malynovsky, and Suvorovsky districts—and determine where it is best to invest and where rental returns are achieved the fastest.

Primorsky District

Primorsky is the top location for investment when it comes to prestige, tourist traffic, and stable demand for apartment rentals in Odesa. It is both the historic center and a coastal area (Arcadia, French Boulevard), where the average price per square meter is the highest in the city due to its proximity to the sea, universities, business centers, and tourist attractions.

It’s no surprise that investors choose Primorsky when they want to buy an apartment by the sea in Odesa or rent it out as a premium rental. Visitors to the city are willing to pay more for a location that offers access to beaches, parks, restaurants, and the city’s main streets.

Rental demand in the area remains consistently high: one-bedroom and studio apartments are the first to be rented out here, making investments particularly profitable. Many owners opt right away for a combined model—long-term plus seasonal rentals—which allows them to significantly increase their returns.

Primorsky is the best choice for those who want to invest in the premium segment and maximize their return on investment from the rental business.

Kyiv District

The Kyiv District is one of the most livable areas and one of the most attractive to investors. It is often referred to as Tairova—a district known for new construction, modern infrastructure, and rapid development. Thanks to well-planned transportation links, you can reach the city center in 20–30 minutes, and the sea is just a few kilometers away. This is the ideal location if you’re looking to buy an apartment in Odessa’s Kyivskyi District—it offers a wide selection of modern residential complexes, affordable unit sizes, and high market liquidity.

Demand for rental housing here remains consistently high: tenants often choose the Kyivskyi district for its convenience, numerous shopping centers, good roads, schools, and preschools. That is why it is profitable for investors to rent out both two-bedroom and one-bedroom apartments in Odesa, which are especially popular among young professionals and families without children.

The Kyiv District offers the optimal balance between average prices and a quick return on investment, making it one of the top choices for investors among all of Odessa’s districts.

Malynovsky District

The Malinovsky District (now known as the Khadzhibey District) has a key advantage: its proximity to the city center, which is especially important for tenants who work in the central business districts. It takes just 10–15 minutes to get to Deribasovskaya Street or your office.

The neighborhood is undergoing rapid redevelopment: old buildings are being replaced by modern residential complexes, and industrial zones are gradually being transformed into residential neighborhoods. The infrastructure is well-developed: there are many stores, public transportation options, and hospitals.

Demand for apartment rentals in this area of Odesa is stable, and prices are lower than in the Primorsky and Kyivsky districts. This gives investors an important advantage: quick entry into the market and affordable initial investment budgets.

Many buyers looking to purchase an apartment in Odessa at a reasonable price are considering Malynovsky. Small apartments for rental are particularly in demand—they’re the best option for those who want to start earning passive income quickly.

Suvorov District

Suvorovsky (Peresipsky) is one of the most affordable areas for investment. Housing prices here are reasonable, and there are plenty of green spaces, markets, schools, and supermarkets. It’s a great choice for families and anyone looking for a comfortable place to live with a low cost of living.

Demand for rental housing in Suvorovsky is stable, especially among displaced persons and young families. However, rental rates are lower than in the central and coastal districts—so the return on investment here is more gradual. At the same time, the entry cost is the lowest in the city, making these investments accessible to virtually everyone.

Suvorovsky is worth considering for those who want to purchase affordable housing with the prospect of gradual appreciation in value. This is a good opportunity for novice investors and those looking to buy an apartment in Odessa near the sea at an affordable price, close to relatively accessible seaside areas.

Conclusion: Which area offers the best return on investment?

If your goal is to maximize rental income, the ranking looks like this:

1. The Primorsky District—the highest rental rates, a premium clientele, and high liquidity.
2. The Kyiv District offers the perfect balance between price, demand, and ease of rental.
3. Malynovsky District—affordable purchase prices and steady demand for rentals.
4. The Suvorov District—an affordable option with good growth prospects.

In fact, you can make a profitable investment in any neighborhood—it all depends on your goals:

• maximum return on investment;
• minimum budget;
• proximity to the sea;
• long-term capital growth.

If you need help choosing an apartment for investment, purchase, or rent, Dominanta Real Estate Agency will find the best option for you in any neighborhood of Odesa.