Rental Costs in Ireland
About 700,000 Irish people live in rented houses and apartments. That number is increasing every day. Almost 10,000 tenants join the rental sector every month.
Rents increased in Ireland during 2015 – across all 35 counties. For some counties, particularly in the west , there ghas been an increase in rents of between 5% and 10% in the last two years. This reflects an improving economy – and a shortage of good accommodation to rent or buy.
In Dublin – areas traditionally rented by UCD students – Ranelagh, Rathgar, Rathmines, Clonskeagh, Booterstown & Stillorgan- have seen the sharpest rises in the Irish rental market over the last 5 years. Demand is so high for a place in these areas that prices have increased nearly 25% over the last few years.
The cheapest places to rent are the counties of Ulster – Donegal , Monaghan, Cavan. The most expensive areas to rent as expected are in Dublin – with Dublin 4 and Dublin 2 being the most expensive. Outside the Dublin area – Cork City is the most expensive place for renting followed by Galway City
Listed below are average monthly costs of renting a 3 bedroomed house in various parts of the country at the end of 2015
Dublin 4 €1925
Dublin 2 €1918
South Co Dublin €1,672
North Co Dublin €968
West Dublin €1,229
Cork City €931
Galway City €835
Limerick City €726
Waterford City €641