Study reveals the average cost of renting new homes in every county in the Republic of Ireland 2 years ago

Study reveals the average cost of renting new homes in every county in the Republic of Ireland

The national standardised rent in Ireland has increased by just under €100 per month in just one year.

People renting new tenancies in Ireland paid an average of €1,056 per month in the third quarter of 2017, an increase of 9.5% on the same period last year (it was €965 per month in the third quarter of 2016), according to a report by the Residential Tenancies Board (RTB).

Not surprisingly, rent in new tenancies in Dublin was well above average (€1,518 per month) and slightly above average in the Greater Dublin area (Meath, Wicklow and Kildare - €1,086 per month), while it stood at €811 per month outside of Dublin and the Greater Dublin area.

As far as individual counties are concerned, meanwhile, Wicklow (€1,152 per month), Kildare (€1,114 per month), Galway (€1,083 per month) and Cork (€1,026 per month) were the only counties where average rent exceeded €1,000 per month in the third quarter of this year.

At the other end of the scale, meanwhile, the lowest monthly figures were to be found in Leitrim (€487 per month), Longford (€534 per month), Donegal (€545 per month), Roscommon (€549 per month) and Cavan (€571 per month).

The average monthly rent for new tenancies for every county in the Republic of Ireland can be seen in the table below.

The RTB Rent Index is the most accurate and authoritative rent report of its kind on the private accommodation sector in Ireland, as it is based on data from all new tenancy agreements registered with the RTB nationally in the third quarter of 2017.

In total 29,528 new tenancies were registered in Q3 of 2017, an increase of over 6,000 registrations since the last quarter, although the RTB stress that rents are seasonal in nature so quarterly growth rates can display considerable volatility.

You can read the report in full here.