Affordable Real Estate in Cannes: Studio and One Bed Apartments
Cannes is a prestigious destination known for its film festival, beaches, and luxury lifestyle. Despite its high-end reputation, affordable studios and one- or two-bedroom apartments priced up to €500,000 are available, particularly in neighborhoods like La Bocca, Le Cannet, and Oxford. These properties appeal to investors, retirees, and professionals. Cannes offers affordable real estate under €500,000 in neighborhoods like La Bocca and Le Cannet, with strong rental potential driven by events and tourism. Living on the Côte d’Azur lists properties ideal for investment, catering to a diverse renter audience.
Real Estate Options
Studios
- Size: 20–40 m²
- Price Range: €100,000–€250,000
- Locations: La Bocca, Le Suquet, Banane, near Rue d’Antibes
- Example: A 32 m² studio in Palais Miramar on La Croisette, priced at ~€200,000, offering sea views and proximity to Palais des Festivals.
One-Bedroom Apartments
- Size: 40–60 m²
- Price Range: €150,000–€350,000
- Locations: Californie, La Bocca, near city center
- Example: A 47 m² renovated apartment in a residence near the hospital, listed for €300,000, with sea views and air-conditioning.
Two-Bedroom Apartments
- Size: 60–90 m²
- Price Range: €250,000–€500,000
- Locations: Le Cannet, Oxford, near La Croisette
- Example: A 62 m² renovated apartment in Banane, priced at €450,000, with modern amenities and a small balcony.
Examples from Living on the Côte d’Azur
- Studio in La Bocca: 25 m², €120,000, furnished, with a balcony and shared pool.
- One-Bedroom in Le Cannet: 50 m², €220,000, with a 10 m² terrace and partial sea views.
- Two-Bedroom in Oxford: 75 m², €380,000, with a 15 m² terrace, concierge, and parking.
Contact us for more information. For properties under 300,000 euros, we charge for our services a 2% commission.
Rental Market income
Long-Term Rentals
- Studios: €600–€1,200/month (20–40 m²)
- One- or Two-Bedroom Apartments: €900–€2,000/month (40–80 m²)
- Notes: Popular for professionals and retirees; agencies like MorningCroissant guarantee rents up to €90,000.
Short-Term Vacation Rentals
- Studios: €50–€150/night (low season), €200–€400/night (events)
- One-Bedroom Apartments: €80–€200/night (low season), €300–€600/night (events)
- Two-Bedroom Apartments: €120–€300/night (low season), €500–€1,000/night (events)
- Annual Average: €267/night
- Peak Months: July (€326/night), June (€316/night), August (€306/night)
- Low Season: November, February, April (€231–€233/night)
- Management Fees: ~25% of rental income for cleaning, key handovers, and maintenance.
Renter Profile
- Event Visitors: Business travelers attending MIPIM, Cannes Lions, or Film Festival; seek central apartments with Wi-Fi and air-conditioning; pay €200–€1,000/night for 3–7 days.
- Tourists: Families and couples visiting for beaches and nightlife; rent for 1–4 weeks in summer; prefer terraces and beach proximity; pay €50–€200/night.
- Seasonal Residents: Retirees or part-time residents; rent for 1–6 months in quieter areas; pay €600–€2,000/month.
- Investors: Prospective buyers testing the market; rent short-term to explore neighborhoods.