Verified Facts

Official NameRepublic of Suriname
CapitalParamaribo
Population616,500
Area163,820 km² (63,251 sq mi)
LanguagesDutch
CurrencySurinamese dollar ($)
TimezoneUTC-03:00
RegionAmericas / South America
Drives onLeft
Source: REST Countries API

Economic Indicators

GDP per Capita (PPP)$21,801 (2024)
Inflation Rate16.2% (2024)
Health Spend per Capita$297 (2023)
Out-of-Pocket Health Spend19.7% (2023)
Education Spend (% GDP)2.9% (2023)
Source: World Bank Open Data

The cost of rent in Suriname can vary depending on the location, with average monthly rent for a one-bedroom apartment in the city center ranging from $400-$700 USD (approximately 7,000-12,000 SRD), while outside the city center, prices range from $250-$500 USD (around 4,500-9,000 SRD).

Quick Facts

GDP per Capita (PPP)$21,801
Affordability RatingModerate
Average Monthly Rent (1BR, City Center)$500 USD / 9,000 SRD
Average Monthly Rent (1BR, Outside Center)$350 USD / 6,300 SRD
Property Purchase (per sqm, City Center)$1,500 USD
CurrencySRD

Housing Market Overview

Suriname's rental market is relatively small, with a limited supply of apartments and houses, particularly in the city center. Typical lease terms range from 6-12 months, with a security deposit equivalent to one or two months' rent. Tenant rights are generally protected by law, but it's essential to carefully review the lease agreement before signing. Compared to its regional neighbors, Suriname's housing costs are relatively moderate, with prices lower than in French Guiana but higher than in Guyana. The country's housing market is also influenced by its growing economy, with a mix of modern and traditional housing options available.

The rental market in Suriname is characterized by a mix of apartments, houses, and rooms for rent, with prices varying depending on the location, size, and condition of the property. In general, prices are higher in the city center, particularly in areas like Paramaribo's commercial district, where demand is high and supply is limited. Outside the city center, prices are lower, but the quality and condition of the properties can vary significantly. It's essential to research the local market, work with a reputable real estate agent, and inspect the property carefully before signing a lease agreement.

Apartment Rental Prices

Apartment TypeCity Center (USD/month)Outside Center (USD/month)Notes
Studio / Bedsitter$300-$500$200-$350small, basic apartments
1 Bedroom$400-$700$250-$500compact, modern apartments
2 Bedroom$600-$1,200$400-$900family-size apartments, some with balconies
3 Bedroom$1,000-$2,000$700-$1,500spacious, luxury apartments, some with garden

Property Purchase Prices

Area TypePrice per sqm (USD)Notes
City Center$1,500-$3,000prime locations, modern apartments
Suburbs$800-$1,800residential areas, mix of old and new houses
Rural$300-$800rural areas, traditional houses, some with land

Best Neighborhoods for Expats

  • Paramaribo's Waterkant: a scenic neighborhood with a mix of old and new houses, rent range $400-$1,000 USD per month
  • Blauwgrond: a popular area for expats, with modern apartments and a range of amenities, rent range $500-$1,500 USD per month
  • Rainville: a quiet, residential neighborhood with a mix of old and new houses, rent range $300-$800 USD per month
  • Meerzorg: a suburban area with a range of housing options, including apartments and houses, rent range $250-$600 USD per month
  • Lelydorp: a small town just outside Paramaribo, with a range of housing options, including apartments and houses, rent range $200-$500 USD per month

Renter Tips for Suriname

  • Research the local market and work with a reputable real estate agent to find the best deals
  • Inspect the property carefully before signing a lease agreement, and negotiate the rent if necessary
  • Be aware of scams, particularly when dealing with private landlords or unlicensed agents
  • Utilities are usually not included in the rent, so factor these costs into your budget
  • Furnished apartments are less common than unfurnished ones, so be prepared to bring your own furniture or negotiate with the landlord
  • Learn some basic Dutch phrases to help you navigate the rental market and communicate with landlords and agents
Related Cost Guides: Cost of Living Overview · Utilities & Internet · Monthly Budget · Economy · Suriname vs French Guiana