Rehavia, Jerusalem: Neighborhood Guide and Apartment Prices Based on 2025-2026 Transactions
Rehavia is one of central Jerusalem’s oldest and most sought-after neighborhoods. It lies between King George and Keren Hayesod Streets to the east and Gaza (Aza) and Ramban Streets to the south. The city center is a short walk away, and the Hebrew University’s Givat Ram campus is nearby. People who want International Style architecture under preservation, a central location and a neighborhood with a clear identity come to Rehavia on purpose, not by accident.
How Much Does an Apartment in Rehavia Cost Today?
We analyzed 74 transactions recorded in Rehavia between January 2025 and July 2026. Here is what the data shows:
- Price range: from ₪1.41 million (a small 2-room apartment on Ibn Shaprut St.) to ₪22 million (a large luxury apartment at 27 Abarbanel St.)
- Median price per transaction: ₪4.355 million
- Price per sqm: a median of ₪58,667, ranging from ₪30,000 to ₪118,750
The top of the per-sqm range is almost four times the bottom. That gap reflects a split market: older stock at relatively accessible prices on one side, new luxury properties at much higher prices on the other. Some of the gap also comes from the apartment’s condition, floor and size, so the two ends of the range do not represent a typical apartment.
By apartment size:
- Typical 3-room apartment (2 bedrooms): about 68 sqm, median price about ₪4.075 million
- Typical 4-room apartment (3 bedrooms): about 90 sqm, median price about ₪4.85 million
Data source: transactions reported on the Israel Tax Authority website, January 2025 to July 2026. Analysis: Amirim Real Estate Solutions.
Old vs. New: Two Kinds of Rehavia
Several buildings appear in the data again and again, and they tell two very different stories.
New buildings. At 27 Abarbanel St. (built 2024), four transactions were recorded on the same day, averaging about ₪77,000 per sqm. At 37 Alfasi St., a penthouse sold for ₪21.5 million, one of the highest deals of the period. These are the projects that raised the neighborhood’s luxury benchmark.
Older buildings. 7 Ben Maimon Blvd. (built in the 1960s-70s) recorded seven transactions during the period, and 10 Binyamin MiTudela St. dates from the 1930s-60s. Apartments in buildings like these sell at considerably more accessible prices, and such buildings make up most of the neighborhood’s housing stock.
The practical takeaway: prices in Rehavia are not uniform. The neighborhood has both entry-level family apartments and luxury properties. To know exactly where you are entering the market, look at the specific building, not just the neighborhood.
Who Is Rehavia Right For?
- Families and academics: the Hebrew University’s Givat Ram campus and the city center are both close by.
- Buyers looking for character and heritage: those who prefer historic architecture to generic new construction.
- Investors in new projects: new developments such as 27 Abarbanel and 37 Alfasi offer high-end finishes, at prices that reflect it.
- Sellers: owners of property in Rehavia, especially in older buildings, are selling into an active market. 74 transactions were recorded in 19 months.
Frequently Asked Questions About Rehavia
How much does a 3-room apartment in Rehavia cost?
Based on the transactions analyzed, the median price for a 3-room apartment (about 68 sqm) is about ₪4.075 million.
Is Rehavia an expensive neighborhood?
By Jerusalem standards, yes. But the range is very wide, from older apartments at relatively accessible prices to luxury homes in new buildings costing many millions of shekels. There is no single price for the neighborhood.
How do prices in older and newer buildings in Rehavia compare?
The difference is significant: at the extremes, the price per sqm varies almost fourfold. Building age and finish level are major factors, but condition, floor and size also matter. The right comparison is with transactions in the same building or in similar buildings.
Is Rehavia a good investment?
It depends on your goal. For stable returns and a lower entry price, older buildings are a good fit. For a luxury property with appreciation potential, look at the new projects.
Next Step
Rehavia takes real local knowledge, not just a good address. The difference between a good deal and an average one is in the details: which building, which floor, which construction period. Find out what your Rehavia property is worth, or book a personal consultation before you buy or sell in the neighborhood.
Amirim Real Estate Solutions | 2 Ahad Ha’am St., Jerusalem | +972-54-647-6577
