Many apartments in Naujoji Akmenė and Venta belong to people who have moved to Norway, the UK, Ireland or elsewhere. An empty flat still costs money every month: building administration, heating in winter, insurance and the slow wear of a home nobody lives in. At the same time, there is steady demand from tenants: staff of the companies in Akmenė Free Economic Zone and other local employers, young families, and people whose rent is partly covered by the municipality.
This guide explains what you can realistically earn, how to prepare the flat, how to choose a tenant, what the contract should say, what to know about tax, and how to run it all from abroad. We write from practice: Likinija manages 68 apartments in Naujoji Akmenė and Venta every day.
Quick summary
Typical long-term rent: €280–380/month in Naujoji Akmenė, €180–280/month in Venta, utilities paid separately by the tenant. Furnished flats rent faster. Use a written lease, take a deposit of one month's rent and make a handover report with photos. Rental income from a Lithuanian property is taxable in Lithuania even if you live abroad. If you can't be here, a local manager can do everything for a fixed fee.
1. What rent can you expect?
Long-term rents in Akmenė district in 2026 (excluding utilities):
| Naujoji Akmenė | Venta | |
|---|---|---|
| Typical long-term rent | €280–380/month | €180–280/month |
The rent depends mostly on the condition of the flat, furniture and appliances, the floor, and whether the building has been renovated (insulated buildings mean lower heating bills, which tenants notice). Most tenants expect a furnished apartment; an empty flat takes longer to let and earns less.
Remember the winter: heating is the biggest part of the utility bill, and a tenant will compare your rent plus heating with other flats. Our article on heating bills in Akmenė district (in Lithuanian) shows what tenants pay.
2. Preparing the apartment
- Cleaning and small fixes: professional cleaning, dripping taps, sockets, door locks, repainting tired walls.
- Furniture and appliances: bed, wardrobe, table and chairs, fridge, cooker and washing machine are the minimum most tenants expect.
- Meters and bills: record the water, electricity and heat meter readings and make sure you know which supplier sends which bill.
- Good photos: bright, in daylight, every room. Photos are the most important part of any listing.
If you are abroad, someone has to let tradespeople in and check the work. A relative can help, or a manager can organise it and show you the result on a video call.
3. Finding and choosing a tenant
Listings usually go on aruodas.lt and in local Facebook groups. Before signing anything:
- meet the tenant and show the flat in person (or have someone do it for you);
- check their ID, and for foreign nationals their right to live in Lithuania;
- ask about their employer and previous rentals, and for references if possible;
- agree clearly on rent, utilities, pets and smoking.
Tenants who receive the municipal rent compensation are often looking for a long stay, and part of their rent is paid by the municipality. To qualify, the lease must be registered. See our guide to rent compensation in Akmenė district (in Lithuanian).
4. Lease, deposit and handover report
- A written lease (Lithuanian Civil Code, Articles 6.576–6.591): parties, the apartment, rent and payment date, who pays which utilities, term, and how either side can end it.
- Deposit: usually one month's rent, returned at the end of the lease if the flat comes back in good order.
- Handover report with photos and meter readings, signed by both sides. It is your best protection if there is a dispute.
- Registration of the lease in the Real Property Register is not required in every case, but it is needed if the tenant applies for rent compensation, and it gives you extra protection.
5. Tax on rental income
Income from renting out an apartment located in Lithuania is taxable in Lithuania, also when the owner lives abroad. How you declare it depends on whether you are a Lithuanian tax resident:
- Lithuanian tax residents can declare the income in the annual declaration or buy a residential rental business certificate (verslo liudijimas). Our Lithuanian owner's guide compares the two options.
- Non-residents follow separate declaration rules. The State Tax Inspectorate explains them on its page for declaring income of non-residents (in Lithuanian).
Your country of residence may also require you to report the income; tax treaties usually prevent you from being taxed twice in full. Ask the VMI or an accountant about your own situation. This is general information, not tax advice.
If a manager handles your flat, ask for an annual summary of income and expenses. It makes the declaration much easier.
6. Managing it yourself or with a local manager
Managing a flat yourself works if you live nearby and have time for listings, viewings, contracts, checking payments and repairs in the evening or at weekends. From another country it is hard: every broken boiler or late payment needs someone on the spot.
Likinija property management takes all of this off your hands:
- market rent assessment and advice on preparing the flat;
- advertising, viewings and tenant screening;
- lease, handover report with photos and deposit handling;
- monthly rent collection, tenant communication and repairs coordination;
- a monthly statement and payout to any SEPA bank account (EU, Norway, UK, Switzerland), plus an annual summary for your tax return.
Price: a fixed €40 per month per apartment, whatever the rent, and €150 per change of tenant. Cleaning, repairs and materials are charged at cost, only after you approve the estimate. You sign the management agreement online, in Lithuanian and English. See the service and request a free assessment →
Frequently asked questions
Do I need to travel to Lithuania to rent out my flat?
Not if someone local handles it. Keys can be handed over by a relative or sent by courier, the condition is recorded with photos, and the agreement is signed online.
What happens if the tenant doesn't pay?
Rent should be checked every month and late payment followed up straight away: a reminder, a payment plan, and if needed termination of the lease. The deposit covers part of the risk.
Can I rent out a flat that needs renovation?
Yes, but it will earn less and take longer to let. Often a few cleaning days, fresh paint and basic furniture make the biggest difference. Get an assessment before you spend money.
Does my apartment have to be in Naujoji Akmenė?
No. Besides Naujoji Akmenė and Venta, we also manage apartments in Šiauliai, Mažeikiai, Joniškis, Kuršėnai and Telšiai.