Cost Of Rent For New Tenancies...


Cost Of Rent For New Tenancies Up By Almost 9%

Emily Keegan
Emily Keegan

02:33 31 Aug 2023

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The latest figures from the Residential Tenancies Board show the average rent for new tenancies nationally was €1,544 in the first three months of the year.

Rents for new tenancies between January and March were up by 8.9%, or €38, compared to the same time last year.

Compared to the last quarter of 2022, that was a 2.5% rise.

In Dublin, the average rent for a new tenancy was just over €2,100 per month, making the area the most expensive in the country.

However, new rental agreements for apartments were even more expensive than houses, with the average rent for apartments coming in at €1,586 nationally.

The county with the fastest-growing average rent for new tenancies registered between January and March was Roscommon, which saw an over 23% increase in the past year.

The lowest increase was in Carlow, where rents for new tenancies increased by 2% in the past year.

Sixteen counties across the country had average rents above one thousand euro a month.

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