The national average rent has had its lowest growth rate since 2012.
The Residential Tenancies Board Index shows average rent across the country is over €1,250 per month.
This latest Rent Index shows it costs €300 more to rent a one-bedroom apartment in Dublin than a three bed property outside the county.
The national average rent is over €1,250 per month, while in Dublin it is more than €1,750.
The Index for the Dublin Market
- Dublin accounted for 45.5% of tenancies in Q3 2020.
- The standardised average rent stood at €1,758 in Q3 2020 for Dublin.
- Year-on-year for Dublin standardised average rent increased by 0.9% (€16 per month) from Q3 2019.
- In terms of property type, 71.0% of the tenancies registered in Q3 2020 were for flats or apartments in Dublin, while it was 38.9% and 41.1% in the Rest of the Country and the GDA respectively.
- For Q3 2020 in Dublin, 63.2% of rents were over €1,500 as compared to only 10.8% in the Rest of the Country.
- The difference in the level of rents between Dublin and elsewhere is very noticeable as the rent for a one-bedroom apartment in Dublin costs nearly €300 per month more than an apartment with three or more bedrooms outside Dublin.
Stillorgan had the highest rent at €2,319 per month and Carndonagh in County Donegal had the lowest in the country at €498 per month.
