In central Tel Aviv the average rental price for a two-room apartment remained NIS 3,400 ($810), while the average rent for a three-room apartment dropped by 4.5% to NIS 4,400 ($1,045) a month.
In south Tel Aviv the average price for a two-room apartment remained NIS 2,600 ($620), whereas the rent for a three-room apartment jumped by 3% to NIS 3,200 ($760) a month.
In the more pricy north Tel Aviv area, two-room apartments gained 3% in rental prices, which averaged NIS 3,500 ($835) in February, but three-room rent plummeted by 6% to an average of NIS 4,800 ($1,145).
The trend in prices was ambivalent in other places in Israel as well. In Jerusalem, for instance, the rental price for a two-room apartment rose by 2% to NIS 3,000 ($715) in February, while the price for a three-room apartment remained unchanged – NIS 3,400 ($810).
