Rental lease in Waregem
Waregem in numbers · 2025-2026
Waregem — city profile
Renting in Waregem: average rent 770 EUR/month, racecourse and textile city, gross yield 4.9%.
The rental market in Waregem in 2026
Waregem, city of the racecourse and textile industry, sits on the Kortrijk-Ghent axis in a dynamic economic basin. The average rent stands at 770 EUR/month for a 2-bedroom flat, with a median price of 2,000 EUR/m2 and a gross yield of 4.9%.
With 38,000 inhabitants and a rental rate of 34%, Waregem has a stable rental market oriented towards families and industrial sector workers. The local economic fabric is dominated by textiles, logistics and SMEs, which generates local employment demand and reduces dependence on commuters.
Local specifics to know
- Kortrijk-Ghent axis: Waregem sits at the heart of West Flanders, on the E17, between Kortrijk (15 min) and Ghent (30 min). This position attracts workers from both agglomerations.
- Flemish lease decree: the Flemish primary residence lease applies — standard 9-year duration. Student and furnished leases follow the Flemish decree.
- Median EPC D: standard for West Flanders. The mixed housing stock (older houses and recent developments) offers renovation opportunities. VEA grants partially cover the works.
- Textile and SME sector: Waregem is a hub for dynamic SMEs, particularly in textiles, furniture and logistics. This diversified economic fabric generates stable local rental demand.
Tips for renting in Waregem
The Centre, near the racecourse and shops, attracts a mixed profile of tenants — young professionals and commuters. Desselgem, to the north, offers a quiet family setting with houses and gardens and long leases. The Waregem market is low-volatility, well-suited to a medium-to-long-term asset investment.
The yield of 4.9% is solid for West Flanders, supported by a fabric of SMEs that ensures steady and diversified rental demand. For investors, the strategy is to target centre apartments for young professionals and Desselgem houses for families, prioritising properties rated EPC C or better to maximise attractiveness and rent.
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