There has been a 2.7% annual increase in the average rent, despite the impact of Covid-19.
More than half of the tenancies registered at the end of last year were apartments or flats.
The latest figures from The Residential Tenancies Board show the national average rent stood at €1,256.
The Dublin Market
- Dublin accounted for 45.2% of tenancies in Q4 2020.
- Year-on-year price inflation stood at 2.1% in the Dublin area.
- In Dublin, 72.5% of tenancies in Q4 2020 were for apartments while it was 39.7% and 45.4% in the Rest of the Country and the GDA respectively.
- In Q4 2020 in Dublin, 60.8% of rental agreements registered with the RTB had rents over €1,500 as compared to only 7.5% in the Rest of the Country.
- As of Q4 2020, standardised average rent in Dublin was substantially higher than those outside Dublin (Non-Dublin) at €1,745 per month as compared to €955 per month.
- In comparison to Q3 2020 (€1,759), the standardised average rent in Dublin was €14 cheaper in Q4 2020. (1,745)
The county with the highest rent is Dublin at an average of €1,745 per month, counties with the lowest monthly rents were Donegal and Leitrim at €626.
Cork city had the second highest rent at €1,252 followed by Galway at €1,166 and then it is €997 in Limerick City.
A one-bedroom apartment in Dublin costs almost €450 per month more than an apartment with three or more bedrooms outside of the county.
