Politics

Paris Caps Le Marais Short-Term Rentals at 200 Properties Starting September

The ordinance limits new licences to 200 properties in the district from September, directing more units into long-term leases while trimming revenue for some owners.

By Le Marais Policy Desk · Published 8 July 2026

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Paris City Council approved the Short-Term Rental Licensing Cap Ordinance on July 7 by a 29-14 vote. The measure restricts new short-term rental permits in Le Marais to 200 additional properties starting in September and requires existing operators to renew under tighter occupancy rules.

The vote follows the 2025 Paris Housing Inventory, which recorded 1,850 short-term listings in the 3rd and 4th arrondissements. Council records show the policy responds to a 14 percent rise in average rents for one-bedroom apartments in Le Marais between 2023 and 2025.

Housing and revenue shifts for residents

Under the ordinance, properties previously listed on short-term platforms will convert to standard leases at rates set by the local rental reference index. A two-bedroom apartment that earned 2,800 euros monthly through short-term bookings is projected to yield 1,650 euros under a 12-month contract. Residents seeking housing near Place des Vosges or Rue des Rosiers gain access to units previously unavailable, while owners who relied on peak-season bookings face lower annual returns.

Local shop owners note that reduced tourist footfall from fewer overnight stays could cut weekday sales at cafes and bakeries along Rue de Bretagne by an estimated 8 percent, according to figures in the council's impact assessment. Delivery drivers serving the same businesses may see fewer daily stops once licence caps take effect.

The 2026 Paris Budget Paper allocates 420,000 euros for enforcement staff to monitor compliance in Le Marais. City records indicate this sum covers four additional inspectors and a digital tracking system for permit renewals.

Implementation timeline

City hall will open the first application window for the 200 new licences on August 15. Operators who miss the deadline must remove listings by December 31. The government projects the changes will add 650 long-term rental units to the district stock by the end of 2027.

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