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Apartments for Rent in Neve Tzedek (Tel Aviv)

Apartments for Rent in Neve Tzedek (Tel Aviv)

If you are searching for apartments for rent in Neve Tzedek (Tel Aviv), this guide is written for you – an overseas buyer or tenant who wants clear, local answers before committing to a home in Neve Tzedek.

Official market data — Tel Aviv (Israel CBS, 2026)

  • Average apartment price in Tel Aviv: ₪4,450,000 (change vs. H1 2025: +6.6%)

  • National average: ₪2,392,000 in H1 2026 (+3.9% vs. H1 2025); the CBS housing price index for February–March 2026 was down 1.2% year on year

  • Average monthly rent in Tel Aviv: ₪7,351 (CBS, Q1 2026)

  • Purchase tax for a foreign resident or investor: 8% up to ₪6,055,070 and 10% above; bank financing for non-residents is capped at 50% of the property value (up to 75% for an Israeli resident buying a single home)

Source: Israel Central Bureau of Statistics — average apartment prices for the first half of 2026 (published 15 September 2026), the housing price index (published 15 May 2026) and the Q1 2026 rent survey. These are city-wide averages; the actual price depends on the neighborhood, size, floor and condition. Before any decision we show you real transactions recorded with the Israel Tax Authority in the area you are considering.

Below you will find how renting apartments in Neve Tzedek actually works – lease conventions, what landlords ask for, which areas suit which tenants, and how to secure a good apartment without being in the country.

Neve Tzedek at a glance

Neve Tzedek is Tel Aviv's first neighbourhood, founded in 1887 outside Jaffa and restored into a village of low-rise houses, boutiques and cafés on Shabazi Street, with the Suzanne Dellal dance centre at its heart and the beach a few minutes' walk away.

It is one of the most expensive addresses in Israel, with a large share of international owners.

Getting around:Walking distance to the beach, Rothschild and the Red Line at Allenby.

Renting apartments in Neve Tzedek

Renting in Israel is fast and informal compared with most Western markets: good apartments in Neve Tzedek are let within days, viewings are brief and decisions are expected on the spot. The lease itself is usually a twelve-month contract with an option year; the tenant covers arnona, building fees and utilities; and landlords ask for cheques, a bank guarantee or guarantors as security.

How we secure a rental for a client who is abroad:

  1. Brief – budget, move-in date, size in rooms and square metres, furnished or not, parking, elevator, safe room, pets, and any community or school requirements.

  2. Search – we combine agency listings, private listings and our own network in Neve Tzedek, then pre-screen every candidate in person.

  3. Video viewing – you see the apartment, the building and the street before deciding.

  4. Lease review – we read the Hebrew contract with you, negotiate the option year, security and maintenance clauses, and arrange a translation.

  5. Move-in – meter readings, inventory, keys, and set-up of arnona, electricity, water and internet in your name.

Streets and landmarks to know in Neve Tzedek

Before you compare individual listings, decide which part of Neve Tzedek suits you. The main areas are:

  • Shabazi Street –the boutique and café spine

  • The Suzanne Dellal quarter –restored houses and courtyards

  • The Rothschild edge –boutique buildings and the Meier on Rothschild tower

  • The beach edge –streets leading to Charles Clore park

Housing stock and who rents in Neve Tzedek

What you will find on the market: restored one- and two-storey houses, boutique buildings and a few luxury towers.

Who you will be competing with: international buyers from France, the United States and the United Kingdom, design-minded Israelis and investors.

Furnished holiday and executive rentals are common.

Lease terms and costs you will see in Neve Tzedek

  • Term –twelve months is standard; an option year at a pre-agreed rent is common and worth negotiating

  • Security –post-dated cheques, a bank guarantee or a promissory note, sometimes with guarantors; overseas tenants can often substitute a larger deposit

  • Running costs –arnona (municipal tax) set by the city and the property's zone and size, va'ad bayit (building fees, higher in towers with elevators, pools or a doorman), electricity, water and gas

  • Agent fee –customarily about one month's rent plus VAT if an agent found the apartment for you

  • Repairs –the lease should say who fixes the air conditioning, water heater and appliances – in Israel this is often the tenant for minor items

How Kobi Elkayam Real Estate helps

Kobi Elkayam Real Estate Ltd is part of the Elkayam Group, a Tel Aviv family business whose roots go back to 1945 and is now in its third generation. The group is active as a developer – in urban renewal, combination deals and complex transactions – and as a brokerage for international clients, working in English, French and Hebrew from its offices at 37 Rival Street, Tel Aviv.

  • Rental search in Neve Tzedek –agency, private and off-market listings pre-screened in person

  • Video viewings –so you can decide from abroad

  • Lease negotiation and translation –option year, security, maintenance and notice clauses

  • Move-in and set-up –utilities, arnona, internet and furniture where needed

  • Buy-later planning –if the rental is your first step towards buying, we plan the purchase in parallel

Can a foreigner rent apartments in Neve Tzedek?

Yes. There is no residency requirement to rent in Israel. Landlords will want identification, proof of income or savings and security – cheques, a bank guarantee or guarantors – and an overseas tenant can usually offer a larger deposit or a foreign guarantor instead. Signing can be done remotely with a power of attorney or in person.

How much deposit or security do landlords in Neve Tzedek ask for?

Conventions vary by landlord rather than by law. Common arrangements are post-dated cheques for the year, a bank guarantee equal to a few months' rent, a promissory note with Israeli guarantors, or a cash deposit. Overseas tenants without Israeli guarantors usually negotiate a larger deposit instead.

Are apartments in Neve Tzedek rented furnished?

Most long-term rentals in Israel come unfurnished but with kitchen cabinets, a water heater and usually air conditioning; furnished units are a minority and often belong to owners abroad. Furnished holiday and executive rentals are common.

What extra costs come with a rental in Israel?

On top of rent the tenant pays arnona (municipal tax), va'ad bayit (building maintenance), electricity, water, gas and internet. Arnona depends on the city, the zone and the size of the apartment; building fees are higher in towers with elevators, pools or a doorman. If an agent found the apartment, the customary fee is about one month's rent plus VAT.

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Talk to us about a rental in Neve Tzedek.Call +972-53-658-4252, write to support@kobielkayamrealestateltd.com, orleave your detailsand a member of the team will get back to you in English, French or Hebrew.

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