Advertisement

News

Rents Increased By 9% Last Year - Double The Price Of Rent 10 Years Ago

New rents increased by 9% nationally last year. The average rent for a new tenancy stood at €1,415 i...


Rents Increased By 9% Last Yea...

News

Rents Increased By 9% Last Year - Double The Price Of Rent 10 Years Ago


New rents increased by 9% nationally last year.

The average rent for a new tenancy stood at €1,415 in the final quarter, just over double the rate 10 years ago.

The latest figures from the Residential Tenancies Board show rents on new tenancies in the capital at the end of 2021 reached an average of just under €2,000 per month.

 

That compares to a figure of €1,100 outside of the capital.

Roscommon saw the largest increase, with an annual growth rate of 25% - going from €690 to €865.

No county registered a drop in prices, with only Kildare recording the same figure as the previous year

Thirteen counties, including Carlow, Kilkenny and Westmeath, have average rents of more than €1,000 per month.

Leitrim remains the county with the cheapest rent, which now stands at €740 per month.



Read more about

Housing Crisis Housng Rent

You might like