Best Airbnb Markets in Montenegro (2026)
Based on Airbtics data from January 2025 to December 2025, this page shows the top Airbnb locations to invest in Montenegro with
key
statistics and information, like short-term rental regulations, number of listings, occupancy rate,
average daily rate, and annual revenue. This allows you to discover the most profitable cities to
invest in, buy, and own Airbnb rental properties in Montenegro.
The Airbtics Market Score indicates how attractive a location is for investing in an Airbnb rental property. We determine this score based on the following criteria:
- Short-term rental yield: The ratio between annual revenue and property price, as a percentage. Locations with higher Airbnb rental yield score better.
- Short-term rental regulations: How STR-friendly the local Airbnb rules and laws are. Markets with more lenient regulations get a higher score.
- Market size: The number of Airbnb listings. Larger vacation rental markets get a higher score as it is easier for investors to buy and sell properties.
- Growth: How fast the market is becoming saturated. Priority is given to markets that are already developed but are not approaching saturation yet.
- Seasonality: To what degree Airbnb performance is affected by seasonality. Less seasonal impact is preferred as investors can enjoy a more stable short-term rental performance throughout the year.
Last updated: February, 2026
Montenegro Short-Term Rental Market Overview (Full-Year 2025 Analysis)
Top 4 Montenegro Cities for Airbnb in 2026
| Position | Market Grade | Market Name | Regulation | No of Listings | Avg. Occupancy Rate | Avg. Daily Rate | Revenue | Short-term Rental Yield | Rent Gap |
|---|---|---|---|---|---|---|---|---|---|
| 1 | C+ | Kotor-tivat | Lenient | 4,744 | 62% | €92 | €21,011 | 12.3% | 34.5% |
| 2 | C | Budva | Lenient | 2,704 | 58% | €81 | €17,476 | 12.3% | 34.5% |
| 3 | C | Žabljak | Lenient | 656 | 54% | €77 | €15,310 | 12.3% | 34.5% |
| 4 | D+ | Bar | Lenient | 614 | 50% | €58 | €10,767 | 12.3% | 34.5% |
Find the Best Airbnb Markets with Our Interactive Tool
Use our interactive Market Explorer to find the best places to start an Airbnb in Montenegro. Compare multiple markets side by side, apply filters like regulations, budget (property or rent prices), and market size, and even export the results to Excel.
Explore Interactive Tool📊 Want a deeper dive into Montenegro's STR market?
Explore our comprehensive 2025 Short-Term Rental Market Report for Montenegro, featuring detailed market trends, supply analysis, and year-over-year insights.
View 2025 Market ReportWhy Invest in Airbnb Montenegro in 2026?
In recent years, Montenegro has emerged as one of the best locations for investing in
short-term rentals thanks to its popular tourist attractions, thriving business activities, growing
digital nomad presence, and vibrant cities like Kotor-tivat, Budva and Žabljak. With millions of international
visitors coming each year, the demand for vacation rental accommodations is growing, making Airbnb
Montenegro a lucrative option for both local and foreign investors.
Due to strong demand from travelers, Montenegro offers competitive average daily rates
(ADR), healthy occupancy rates, and attractive revenue potential in the best Airbnb markets. Whether
you're looking to start your first Airbnb business with a modest budget or to add a luxury
short-term rental property to your portfolio, Montenegro has a profitable location to
meet your budget and aspirations as an investor.
Market Saturation Analysis: Montenegro
Benchmark: Markets are categorized relative to Montenegro's national averages (Supply: +37.5%, Revenue: +15.6%). Markets above the national average are marked with ↑, while those below are marked with ↓.
Healthy Growth
Supply > avg, Revenue > avg
Expansion with demand keeping up
- No markets in this category
Early Saturation
Supply > avg, Revenue ≤ avg
Competition rising
- Bar Supply: +46.7% | Revenue: +10.6%
- Budva Supply: +46.0% | Revenue: +10.5%
Under-the-Radar
Supply ≤ avg, Revenue > avg
Hidden opportunities
- Žabljak Supply: +28.7% | Revenue: +22.1%
- Kotor-tivat Supply: +28.6% | Revenue: +19.3%
Declining
Supply ≤ avg, Revenue ≤ avg
Risky markets
- No markets in this category
Top 3 Best Places for Airbnb Arbitrage in Montenegro
-
Budva
- STR revenue: €17,476/year
- Rent gap: €2,678
-
Bar
- STR revenue: €10,767/year
- Rent gap: €2,552
-
Kotor-tivat
- STR revenue: €21,011/year
- Rent gap: €2,169
- For short-term rental market analysis, visit our Airbnb Analytics app.
Estimate Your Airbnb Income in Montenegro
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Use our Airbnb calculator to quickly and accurately estimate the earning and profitability potential of any city, neighborhood, and area.
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