Renters in new tenancies are paying around €240 per month more than those in existing ones.
People in new tenancies paid an average of nearly €1,600 hundred a month on rent, compared to €1,357 paid by those in existing tenancies - a difference of almost 18%.
Latest figures published by the Residential Tenancies Board (RTB) and the Economic and Social Research Institute (ESRI), show average rents in new tenancies grew by 11% year-on-year in the third quarter of last year. That compares to renters in existing tenancies, which saw increases of 5%.
Overall, average rents for new tenancies grew by 11% year-on-year, while it was 5% for existing tenancies.
Wexford and Donegal saw the biggest increases in rent for new tenancies - at around 23% in the past year, when compared to the third quarter of 2022.
In Dublin, there was an 18.2% difference in new versus existing tenancies, while it was 18.5% in Cork.
