Foreigners can rent freely with just a passport; no local guarantor needed and most units come furnished
Strong off-season mid-term market (mid-Sept to mid-June): monthly and 2-3 month stays at steep discounts, ideal for nomads
Public Health Insurance Fund (FZO) coverage is open to temporary-residence-permit holders, but you must file a separate registration application with the Fund - holding a permit alone is not enough, and proof of deregistration from your home-country health insurance is typically required.
Compulsory health-insurance contributions were abolished from 1 January 2022; public healthcare is now financed largely from the general budget and entitlement is residence-based, with reported coverage exceeding 95% of the population.

Watch out for

Mandatory registration is time-sensitive (accommodation provider within 12 hours; tourist guidance often cites 24h) - confirm your landlord/host actually files it, or you risk fines of about EUR 60-600 and a possible entry ban
Sharp seasonality: long-term coastal lets are often only offered roughly Sept 15-June 15, and summer rates on the coast are far higher than off-season
Tourists and short-stay visitors are not covered by the public system: emergency care is self-paid unless a reciprocal agreement applies (the UK has one, but it still requires a certificate of entitlement from the Health Insurance Fund), and treating foreigners can carry large mark-ups, so travel/health insurance is strongly advised.
Public-system access requires both an approved residence permit and active registration with the Health Insurance Fund; public coverage lapses when the residence permit expires and must be re-applied for on renewal.

Cost of living

Budva

€1,200–€1,650/mo