Top 79 Best Places in Montenegro to Invest in Airbnb & Short-Term Rentals (2026)

Source: AirROI

Last updated: 2026-02-01

Unlock high-ROI opportunities in Montenegro‘s booming short-term rental (STR) market. This 2026 Airbnb investment guide from AirROI leverages cutting-edge Airbnb data analytics to pinpoint the most profitable cities for Airbnb and vacation rental entrepreneurs. Whether you’re scaling your portfolio or making your first STR investment, discover markets with strong rental demand, high revenue potential, and favorable regulations. We are committed to providing trustworthy insights based on comprehensive market analysis, and you can learn more about our rigorous approach to data accuracy.

Our STR market analysis dives deep into key performance indicators like monthly revenue, average daily rates (ADR), occupancy trends, property counts, and regulatory landscapes across Montenegro. We go beyond simple rankings to provide the context you need for informed investment decisions using reliable Airbnb data.

Explore the data-driven insights below to identify the premier short-term rental investment hotspots and high ROI Airbnb markets in Montenegro for 2026.

Top Short-Term Rental Markets in Montenegro

Rank:#1Market:BudvaCountry:MontenegroProperties:1,441Monthly Revenue:$686.13Daily Rate (ADR):$101.42Occupancy:39.05%Regulation:Low
Rank:#2Market:DobrotaCountry:MontenegroProperties:976Monthly Revenue:$1212.82Daily Rate (ADR):$131.22Occupancy:45.35%Regulation:Low
Rank:#3Market:KotorCountry:MontenegroProperties:546Monthly Revenue:$1178.27Daily Rate (ADR):$128.09Occupancy:43.04%Regulation:Low
Rank:#4Market:PodgoricaCountry:MontenegroProperties:473Monthly Revenue:$398.44Daily Rate (ADR):$54.74Occupancy:34.74%Regulation:Low
Rank:#5Market:TivatCountry:MontenegroProperties:430Monthly Revenue:$788.40Daily Rate (ADR):$120.85Occupancy:37.42%Regulation:Low
Rank:#6Market:Ulcinj - UlqinCountry:MontenegroProperties:383Monthly Revenue:$341.73Daily Rate (ADR):$83.96Occupancy:31.31%Regulation:Low
Rank:#7Market:Herceg NoviCountry:MontenegroProperties:348Monthly Revenue:$563.70Daily Rate (ADR):$96.67Occupancy:37.34%Regulation:Low
Rank:#8Market:BečićiCountry:MontenegroProperties:317Monthly Revenue:$706.70Daily Rate (ADR):$118.11Occupancy:39.19%Regulation:Low
Rank:#9Market:PrčanjCountry:MontenegroProperties:308Monthly Revenue:$1213.66Daily Rate (ADR):$146.57Occupancy:42.32%Regulation:Low
Rank:#10Market:BarCountry:MontenegroProperties:262Monthly Revenue:$372.69Daily Rate (ADR):$75.82Occupancy:31.59%Regulation:Low
Rank:#11Market:ŽabljakCountry:MontenegroProperties:251Monthly Revenue:$437.25Daily Rate (ADR):$81.62Occupancy:30.03%Regulation:Low
Rank:#12Market:Petrovac na MoruCountry:MontenegroProperties:242Monthly Revenue:$358.66Daily Rate (ADR):$87.40Occupancy:33.20%Regulation:Low
Rank:#13Market:Sveti StefanCountry:MontenegroProperties:191Monthly Revenue:$675.44Daily Rate (ADR):$148.91Occupancy:30.55%Regulation:Low
Rank:#14Market:KunjeCountry:MontenegroProperties:178Monthly Revenue:$571.71Daily Rate (ADR):$127.96Occupancy:33.48%Regulation:Low
Rank:#15Market:ŠušanjCountry:MontenegroProperties:154Monthly Revenue:$387.86Daily Rate (ADR):$85.14Occupancy:36.15%Regulation:Low
Rank:#16Market:PržnoCountry:MontenegroProperties:143Monthly Revenue:$622.34Daily Rate (ADR):$132.44Occupancy:34.67%Regulation:Low
Rank:#17Market:RafailovićiCountry:MontenegroProperties:138Monthly Revenue:$676.36Daily Rate (ADR):$140.66Occupancy:36.16%Regulation:Low
Rank:#18Market:SutomoreCountry:MontenegroProperties:133Monthly Revenue:$335.68Daily Rate (ADR):$80.31Occupancy:33.88%Regulation:Low
Rank:#19Market:KolašinCountry:MontenegroProperties:125Monthly Revenue:$410.62Daily Rate (ADR):$108.81Occupancy:22.35%Regulation:Low
Rank:#20Market:Donja LastvaCountry:MontenegroProperties:125Monthly Revenue:$962.24Daily Rate (ADR):$130.46Occupancy:38.54%Regulation:Low
Rank:#21Market:BoretiCountry:MontenegroProperties:116Monthly Revenue:$554.56Daily Rate (ADR):$114.70Occupancy:31.50%Regulation:Low
Rank:#22Market:RisanCountry:MontenegroProperties:113Monthly Revenue:$653.32Daily Rate (ADR):$99.72Occupancy:40.05%Regulation:Low
Rank:#23Market:MuoCountry:MontenegroProperties:98Monthly Revenue:$1114.28Daily Rate (ADR):$145.41Occupancy:47.92%Regulation:Low
Rank:#24Market:LušticaCountry:MontenegroProperties:94Monthly Revenue:$1283.55Daily Rate (ADR):$205.96Occupancy:37.15%Regulation:Low
Rank:#25Market:PerastCountry:MontenegroProperties:88Monthly Revenue:$1425.71Daily Rate (ADR):$182.83Occupancy:42.16%Regulation:Low
Rank:#26Market:Donji OrahovacCountry:MontenegroProperties:87Monthly Revenue:$1241.44Daily Rate (ADR):$171.78Occupancy:43.83%Regulation:Low
Rank:#27Market:BijelaCountry:MontenegroProperties:85Monthly Revenue:$387.66Daily Rate (ADR):$95.08Occupancy:32.42%Regulation:Low
Rank:#28Market:Gornji Štoj - Shtoji i EpërmCountry:MontenegroProperties:77Monthly Revenue:$772.06Daily Rate (ADR):$153.41Occupancy:35.05%Regulation:Low
Rank:#29Market:PečuriceCountry:MontenegroProperties:75Monthly Revenue:$706.21Daily Rate (ADR):$136.74Occupancy:35.90%Regulation:Low
Rank:#30Market:Donji Štoj - Shtoji i PoshtëmCountry:MontenegroProperties:74Monthly Revenue:$251.64Daily Rate (ADR):$88.22Occupancy:26.65%Regulation:Low
Rank:#31Market:BuljaricaCountry:MontenegroProperties:72Monthly Revenue:$606.90Daily Rate (ADR):$96.27Occupancy:36.89%Regulation:Low
Rank:#32Market:IgaloCountry:MontenegroProperties:72Monthly Revenue:$378.64Daily Rate (ADR):$87.60Occupancy:30.80%Regulation:Low
Rank:#33Market:TrojicaCountry:MontenegroProperties:72Monthly Revenue:$890.64Daily Rate (ADR):$119.24Occupancy:39.11%Regulation:Low
Rank:#34Market:CetinjeCountry:MontenegroProperties:72Monthly Revenue:$258.18Daily Rate (ADR):$57.95Occupancy:28.21%Regulation:Low
Rank:#35Market:UlcinjCountry:MontenegroProperties:68Monthly Revenue:$363.57Daily Rate (ADR):$106.00Occupancy:33.36%Regulation:Low
Rank:#36Market:KrašićiCountry:MontenegroProperties:65Monthly Revenue:$683.84Daily Rate (ADR):$144.78Occupancy:38.46%Regulation:Low
Rank:#37Market:ĐenovićiCountry:MontenegroProperties:61Monthly Revenue:$531.74Daily Rate (ADR):$113.26Occupancy:35.40%Regulation:Low
Rank:#38Market:BoljevićiCountry:MontenegroProperties:60Monthly Revenue:$608.95Daily Rate (ADR):$75.19Occupancy:38.45%Regulation:Low
Rank:#39Market:Dobra VodaCountry:MontenegroProperties:57Monthly Revenue:$665.45Daily Rate (ADR):$131.29Occupancy:35.60%Regulation:Low
Rank:#40Market:NikšićCountry:MontenegroProperties:54Monthly Revenue:$261.13Daily Rate (ADR):$51.99Occupancy:29.31%Regulation:Low
Rank:#41Market:ProvodinaCountry:MontenegroProperties:53Monthly Revenue:$541.72Daily Rate (ADR):$102.78Occupancy:39.45%Regulation:Low
Rank:#42Market:LepetaneCountry:MontenegroProperties:49Monthly Revenue:$914.14Daily Rate (ADR):$103.22Occupancy:45.56%Regulation:Low
Rank:#43Market:MrčevacCountry:MontenegroProperties:47Monthly Revenue:$427.31Daily Rate (ADR):$90.52Occupancy:31.55%Regulation:Low
Rank:#44Market:RadovićiCountry:MontenegroProperties:47Monthly Revenue:$1049.53Daily Rate (ADR):$260.11Occupancy:32.85%Regulation:Low
Rank:#45Market:KumborCountry:MontenegroProperties:46Monthly Revenue:$463.28Daily Rate (ADR):$94.68Occupancy:36.61%Regulation:Low
Rank:#46Market:ŠkaljariCountry:MontenegroProperties:45Monthly Revenue:$1004.01Daily Rate (ADR):$101.51Occupancy:45.94%Regulation:Low
Rank:#47Market:BogišićiCountry:MontenegroProperties:45Monthly Revenue:$1256.90Daily Rate (ADR):$185.61Occupancy:40.22%Regulation:Low
Rank:#48Market:BaošićiCountry:MontenegroProperties:40Monthly Revenue:$763.99Daily Rate (ADR):$108.49Occupancy:43.03%Regulation:Low
Rank:#49Market:BigovaCountry:MontenegroProperties:40Monthly Revenue:$357.98Daily Rate (ADR):$99.80Occupancy:34.87%Regulation:Low
Rank:#50Market:MorinjCountry:MontenegroProperties:39Monthly Revenue:$781.19Daily Rate (ADR):$157.71Occupancy:39.17%Regulation:Low
Rank:#51Market:KavačCountry:MontenegroProperties:38Monthly Revenue:$466.36Daily Rate (ADR):$155.44Occupancy:20.54%Regulation:Low
Rank:#52Market:Kruče - KërruçiCountry:MontenegroProperties:38Monthly Revenue:$601.77Daily Rate (ADR):$124.63Occupancy:40.07%Regulation:Low
Rank:#53Market:Dražin VrtCountry:MontenegroProperties:37Monthly Revenue:$1519.37Daily Rate (ADR):$152.94Occupancy:45.83%Regulation:Low
Rank:#54Market:ĐuraševićiCountry:MontenegroProperties:37Monthly Revenue:$1078.84Daily Rate (ADR):$216.59Occupancy:39.28%Regulation:Low
Rank:#55Market:PrijevorCountry:MontenegroProperties:35Monthly Revenue:$444.33Daily Rate (ADR):$202.76Occupancy:31.78%Regulation:Low
Rank:#56Market:VirpazarCountry:MontenegroProperties:34Monthly Revenue:$378.43Daily Rate (ADR):$71.48Occupancy:30.87%Regulation:Low
Rank:#57Market:Lastva GrbaljskaCountry:MontenegroProperties:34Monthly Revenue:$553.65Daily Rate (ADR):$89.41Occupancy:35.60%Regulation:Low
Rank:#58Market:BorjeCountry:MontenegroProperties:33Monthly Revenue:$570.03Daily Rate (ADR):$105.93Occupancy:32.03%Regulation:Low
Rank:#59Market:MeždoCountry:MontenegroProperties:33Monthly Revenue:$348.00Daily Rate (ADR):$92.24Occupancy:23.80%Regulation:Low
Rank:#60Market:Motički gajCountry:MontenegroProperties:33Monthly Revenue:$425.44Daily Rate (ADR):$101.79Occupancy:29.20%Regulation:Low
Rank:#61Market:PitomineCountry:MontenegroProperties:31Monthly Revenue:$723.01Daily Rate (ADR):$98.71Occupancy:40.96%Regulation:Low
Rank:#62Market:VirakCountry:MontenegroProperties:31Monthly Revenue:$488.97Daily Rate (ADR):$100.62Occupancy:28.08%Regulation:Low
Rank:#63Market:SeocaCountry:MontenegroProperties:30Monthly Revenue:$789.66Daily Rate (ADR):$131.46Occupancy:36.62%Regulation:Low
Rank:#64Market:KrimoviceCountry:MontenegroProperties:30Monthly Revenue:$2288.46Daily Rate (ADR):$374.55Occupancy:34.92%Regulation:Low
Rank:#65Market:Kovačka DolinaCountry:MontenegroProperties:30Monthly Revenue:$613.16Daily Rate (ADR):$108.37Occupancy:29.76%Regulation:Low
Rank:#66Market:RazvršjeCountry:MontenegroProperties:30Monthly Revenue:$476.51Daily Rate (ADR):$92.47Occupancy:32.10%Regulation:Low
Rank:#67Market:PodiCountry:MontenegroProperties:26Monthly Revenue:$1731.39Daily Rate (ADR):$253.12Occupancy:44.64%Regulation:Low
Rank:#68Market:KuljačeCountry:MontenegroProperties:25Monthly Revenue:$1114.06Daily Rate (ADR):$264.84Occupancy:31.29%Regulation:Low
Rank:#69Market:RađenovićiCountry:MontenegroProperties:24Monthly Revenue:$1412.59Daily Rate (ADR):$287.92Occupancy:32.25%Regulation:Low
Rank:#70Market:PlužineCountry:MontenegroProperties:24Monthly Revenue:$506.31Daily Rate (ADR):$65.73Occupancy:36.13%Regulation:Low
Rank:#71Market:ZagrađeCountry:MontenegroProperties:23Monthly Revenue:$486.60Daily Rate (ADR):$111.65Occupancy:35.33%Regulation:Low
Rank:#72Market:BrcaCountry:MontenegroProperties:21Monthly Revenue:$644.70Daily Rate (ADR):$211.18Occupancy:40.57%Regulation:Low
Rank:#73Market:BurtaišiCountry:MontenegroProperties:21Monthly Revenue:$191.72Daily Rate (ADR):$62.12Occupancy:30.32%Regulation:Low
Rank:#74Market:MeljineCountry:MontenegroProperties:21Monthly Revenue:$338.46Daily Rate (ADR):$69.72Occupancy:33.73%Regulation:Low
Rank:#75Market:Ada BojanaCountry:MontenegroProperties:21Monthly Revenue:$713.21Daily Rate (ADR):$175.08Occupancy:34.11%Regulation:Low
Rank:#76Market:JavorjeCountry:MontenegroProperties:21Monthly Revenue:$491.63Daily Rate (ADR):$47.39Occupancy:42.37%Regulation:Low
Rank:#77Market:KrstacCountry:MontenegroProperties:19Monthly Revenue:$1368.66Daily Rate (ADR):$196.17Occupancy:46.55%Regulation:Low
Rank:#78Market:DanilovgradCountry:MontenegroProperties:19Monthly Revenue:$1074.78Daily Rate (ADR):$128.55Occupancy:41.82%Regulation:Low
Rank:#79Market:GošićiCountry:MontenegroProperties:19Monthly Revenue:$584.30Daily Rate (ADR):$203.97Occupancy:25.55%Regulation:Low

Our Data-Driven Methodology for STR Market Analysis

At AirROI, our market rankings and insights are powered by a robust methodology combining comprehensive Airbnb data collection with sophisticated STR analytics techniques. We strive to provide the most accurate and actionable intelligence for short-term rental investors.

Data Collection & Scope

  • Global Coverage: We aggregate STR data from tens of millions of active short-term rental listings across platforms like Airbnb and Vrbo worldwide.
  • Real-Time Metrics: Our systems track key performance indicators (KPIs) daily, including booking rates, nightly pricing (ADR), occupancy rates, and revenue.
  • Regulatory Monitoring: We actively monitor and incorporate local short-term rental regulations, licensing requirements, and tax obligations into our market analysis.

Analysis & Ranking

  • Proprietary Algorithms: AI and machine learning models analyze booking patterns, predict seasonal demand shifts, and identify emerging market trends in the STR space.
  • Key Metric Evaluation: We evaluate markets based on a weighted combination of critical investment factors using our extensive Airbnb analytics:
    • Revenue Potential: Average Monthly Revenue and Average Daily Rate (ADR).
    • Market Demand: Occupancy Rate and booking lead times.
    • Investment Scale: Number of active properties and market growth trends.
    • Regulatory Environment: Assessed impact of local STR regulations on operational feasibility and profitability.
  • Benchmarking: Performance is benchmarked against regional and global averages to provide context for vacation rental investment potential.

Key Metrics Explained

  • Properties: The count of active short-term rental listings in the market.
  • Monthly Revenue: Average revenue generated per property per month, a key indicator for Airbnb profitability.
  • Daily Rate (ADR): Average nightly booking price.
  • Occupancy: Percentage of nights booked out of total available nights, crucial for understanding STR demand.
  • Regulation: An indicator of the local regulatory climate impacting Airbnb investment.

This rigorous approach ensures our recommendations are based on real-world performance Airbnb data and forward-looking market analysis, empowering you to invest smarter in the vacation rental market.

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This report is powered by our industry-leading Airbnb Data API, providing direct access to live short-term rental data from global markets like Montenegro. Use this data to build powerful analytics tools, discover investment opportunities, and inform your vacation rental strategy.

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