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Expat Exchange - How to Rent a Home in Mongolia
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How to Rent a Home in Mongolia

By Joshua Wood, LPC

AGS Worldwide Movers
AGS Worldwide Movers

Summary: Renting a home in Mongolia for the first time can be daunting. You probably have so many questions: Do I need a lawyer? Do rentals come with appliances? How do I find good rentals? How do I choose the right neighborhood? The list goes on and on. Here are answers to some of the top questions plus insight from our members living in Mongolia.

Navigating the process of renting a home in Mongolia for the first time can feel overwhelming. Numerous questions might arise: Should I consult a lawyer? Are appliances typically included in rentals? How can I discover quality rental properties? Which neighborhoods will best suit my needs? These are just the tip of the iceberg. Dive in for answers to these pressing questions and gain insights from our members who've made Mongolia their home.

"Relocating to a new country can be a daunting task, especially when it comes to finding a place to live. If you're planning to move to Mongolia, this guide will provide you with all the necessary information about renting an apartment. From finding a rental property to understanding the legalities involved, this guide will help you navigate the Mongolian rental market with ease.

How do you find a rental property in Mongolia?

There are several ways to find rental properties in Mongolia. Online property portals like Unegui.mn and Zarna are popular among locals and expats alike. You can also find listings in local newspapers or through real estate agencies. Word of mouth can also be a useful tool, so don't hesitate to ask around.

Does Mongolia have an MLS type system?

Mongolia does not have a Multiple Listing Service (MLS) system like in the United States. However, most real estate agencies have their own databases of available properties, and they often collaborate with each other to find suitable options for their clients.

Do brokers have licenses and how do I know if they are licensed?

Yes, real estate brokers in Mongolia are required to have a license. You can verify their license by asking to see it or by checking with the Mongolian National Chamber of Commerce and Industry, which maintains a registry of licensed brokers.

Should I buy or rent in Mongolia?

Whether to buy or rent depends on your personal circumstances and how long you plan to stay in Mongolia. Renting is generally more flexible and requires less upfront investment, but buying can be a good option if you plan to stay for a long time and want to invest in property.

Is it difficult to find rentals in Mongolia?

Finding a rental in Mongolia can be challenging, especially in popular areas like Ulaanbaatar. However, with patience and the help of a good real estate agent, you should be able to find a suitable place.

What documents are required when renting an apartment in Mongolia?

When renting an apartment in Mongolia, you will typically need to provide a copy of your passport, a copy of your visa or residence permit, and proof of income or employment. You may also need to provide a reference from a previous landlord.

Do I need a lawyer when renting an apartment in Mongolia?

While it's not mandatory to have a lawyer when renting an apartment in Mongolia, it can be helpful, especially if you're not familiar with Mongolian laws and regulations. A lawyer can review the lease agreement and ensure that your rights are protected. The cost of a lawyer can vary, but you can expect to pay around $100-$200 per hour.

How long is the typical lease for?

The typical lease term in Mongolia is one year, but it can be negotiated with the landlord. Some landlords may require a longer lease term, especially for furnished apartments.

Do I have to pay a deposit?

Yes, it's standard practice in Mongolia to pay a deposit when renting an apartment. The deposit is usually equivalent to one to three months' rent and is refundable at the end of the lease, provided there are no damages to the property.

What other upfront costs are there when renting?

In addition to the deposit, you may also need to pay the first month's rent upfront. Some landlords may also require a non-refundable cleaning fee. If you're using a real estate agent, you'll also need to pay their commission, which is usually equivalent to one month's rent.

Are utilities included?

Utilities are typically not included in the rent and need to be set up and paid for separately. The cost of utilities can vary, but they are generally not very expensive in Mongolia.

Are furnished or unfurnished rentals more popular?

Both furnished and unfurnished rentals are available in Mongolia. Furnished apartments usually include basic furniture and appliances like a bed, sofa, refrigerator, and stove. Unfurnished apartments may not include any furniture or appliances. Furnished apartments are generally more expensive, but they can be a convenient option if you're not planning to stay for a long time," said one expat living in Mongolia.

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SJB Global

SJB-Global is a top-rated financial advisory firm specializing in expat financial advice worldwide, offering retirement planning & tax-efficient solutions with a regressive fee model. Our clients benefit from their country’s most favorable tax environment by utilizing the efficient investment vehicles we offer. Our commitment to quality service is reflected in our stellar reviews, with over 300 testimonials boasting 95% five-star ratings.

Learn MoreConnect

Click connect to have our partner contact you via e-mail and/or phone.

Expats Talk about How they Found their Home

"One way to find a place to live in Mongolia is to search online for rental listings. Websites such as expat.com, mongolia-rentals.com, and mongolianproperty.com offer a variety of rental listings for apartments, houses, and other types of accommodation. Additionally, you can search for rental listings on popular classifieds websites such as Craigslist and Gumtree. You can also contact local real estate agents who specialize in rental properties in Mongolia. Finally, you can ask friends and family who live in Mongolia for recommendations," commented an expat living in Mongolia.

About the Author

Joshua Wood Joshua Wood, LPC joined Expat Exchange in 2000 and serves as one of its Co-Presidents. He is also one of the Founders of Digital Nomad Exchange. Prior to Expat Exchange, Joshua worked for NBC Cable (MSNBC and CNBC Primetime). Joshua has a BA from Syracuse and a Master's in Clinical and Counseling Psychology from Fairleigh Dickinson University. Mr. Wood is also a licensed counselor and psychotherapist.

Some of Joshua's articles include Pros and Cons of Living in Portugal, 10 Best Places to Live in Ireland and Pros and Cons of Living in Uruguay. Connect with Joshua on LinkedIn.


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