Skip to content
Share

The average cost of rent across all of Ireland has been revealed

The average cost of rent across all of Ireland has been revealed

Dublin remains the most expensive by a wide margin.

The national average for rent has exceeded €1,000 per month.

In the new figures released by the Residential Tenancies Board, the national standardised average rent for new tenancies, based on Q4 figures for 2017, was €1,054.

This shows an annual growth of 6.4% in rent prices for all new tenancies, which is down from 8.0% in the previous quarter.

Unsurprisingly, Dublin remains the most expensive, where the average rent stood at €1,511.

Meanwhile, the prices in the Greater Dublin Area – such as Meath, Wicklow and Kildare – have increased to an average of €1,103.

The average outside of the Greater Dublin Area, however, appears to have dropped in price, to €793 per month.

While the national average has increased, the rate of increase – especially in Dublin and Cork – have slowed their rate of increase.

The average national rate of increase in Q4 of 2017, when compared to Q3 of 2017, stood at 1.1%.

Dublin’s average increase was 1.1%, while outside the Greater Dublin Area decreased on average by 1.3%.

However, the increase rate within the Greater Dublin Area was much higher than the national average, at 3.3%.

Additionally, the national average for rent prices for apartments was almost €100 higher per month than average rent prices for houses.

related.