Apartments Price Trends in Sri Lanka: A Buyer's Guide

Apartment living is growing fast in Colombo and its suburbs, driven by demand for secure, low-maintenance homes close to work, schools and the city centre. From compact studios to large penthouses, Sri Lanka's apartment market now spans a wide range of budgets and locations.

Before buying or renting an apartment, look closely at the building's condition, management and monthly maintenance charges, its car parking allocation, and whether the unit has clear, transferable title (especially for older buildings). It's also worth checking water pressure, backup power, and lift maintenance history.

Use the listings below to see what's currently available, and check the price trend chart - powered by our Property Price Index - to get a sense of how apartment prices have moved over the past year before you negotiate.

Apartments Price Trends in Sri Lanka

For saleFor sale
For rentFor rent
Last 3 Months
Average PriceRs 58,732 per sqft
Price RangeRs 57,099 - Rs 59,687
Growth+149.7%
Last 6 Months
Average PriceRs 57,660 per sqft
Price RangeRs 56,351 - Rs 59,687
Growth+5.9%
Last 12 Months
Average PriceRs 55,698 per sqft
Price RangeRs 51,231 - Rs 59,687
Growth+6.0%
Last 24 Months
Average PriceRs 52,189 per sqft
Price RangeRs 44,910 - Rs 59,687
Growth+31.6%
Recent Price Comparison
vs Last Month+0.5%
vs Same Month Last Year+10.1%
vs Same Month, 2 Years Ago+25.9%
Buy vs Rent: Estimated Rental Yield
Estimated annual return from renting out a Apartments property, based on the average sale price and average rent shown below.
Average Sale PriceRs 49,257 per sqft
Average RentRs 217 per sqft
Estimated Gross Rental Yield5.28%
24-Month Price Trend
Monthly Price History
MonthAverage Price
September 2026Rs 59,687 per sqft
August 2026Rs 59,411 per sqft
July 2026Rs 57,099 per sqft
June 2026Rs 57,052 per sqft
May 2026Rs 56,364 per sqft
April 2026Rs 56,351 per sqft
March 2026Rs 53,594 per sqft
February 2026Rs 53,779 per sqft
January 2026Rs 54,272 per sqft
December 2025Rs 54,014 per sqft
November 2025Rs 51,231 per sqft
October 2025Rs 55,525 per sqft
September 2025Rs 54,221 per sqft
August 2025Rs 53,539 per sqft
July 2025Rs 52,407 per sqft
June 2025Rs 49,490 per sqft
May 2025Rs 50,025 per sqft
April 2025Rs 46,926 per sqft
March 2025Rs 47,805 per sqft
February 2025Rs 47,360 per sqft
January 2025Rs 44,910 per sqft
December 2024Rs 46,056 per sqft
November 2024Rs 46,051 per sqft
October 2024Rs 45,360 per sqft
Apartments Average Price by Bedrooms
1
Rs 60,161 per sqft
2
Rs 52,092 per sqft
3
Rs 46,156 per sqft
4
Rs 55,369 per sqft
4+
Rs 46,659 per sqft
Apartments Average Price by Location
Colombo Apartments Average Price
Rs 42,051 per sqft-14.6% vs. the Sri Lanka average
Based on 3645 active listings
Colombo 2 Apartments Average Price
Rs 114,956 per sqft+133.4% vs. the Sri Lanka average
Based on 525 active listings
Rajagiriya Apartments Average Price
Rs 47,105 per sqft-4.4% vs. the Sri Lanka average
Based on 457 active listings
Colombo 3 Apartments Average Price
Rs 70,605 per sqft+43.3% vs. the Sri Lanka average
Based on 387 active listings
Colombo 6 Apartments Average Price
Rs 42,942 per sqft-12.8% vs. the Sri Lanka average
Based on 297 active listings
Colombo 5 Apartments Average Price
Rs 60,633 per sqft+23.1% vs. the Sri Lanka average
Based on 261 active listings
Gampaha Apartments Average Price
Rs 32,128 per sqft-34.8% vs. the Sri Lanka average
Based on 217 active listings
Dehiwala Apartments Average Price
Rs 34,525 per sqft-29.9% vs. the Sri Lanka average
Based on 179 active listings
Mount Lavinia Apartments Average Price
Rs 34,782 per sqft-29.4% vs. the Sri Lanka average
Based on 142 active listings
Piliyandala Apartments Average Price
Rs 29,001 per sqft-41.1% vs. the Sri Lanka average
Based on 135 active listings
Icon
Price information is based on historical data from ads posted on ikman and may not reflect the full market dynamics.

Explore Apartments for sale in Sri Lanka on ikman

hero

Sell or Rent Fast on ikman: Post Your Property in 2 Mins!