Renters living close to Dublin’s light rail network are now paying 17% more then the average rent for Dublin.
Rents for properties close to DART stations and Luas stops rose by 3% to an average of €1,770 per month in the first three months of 2018, according to a new report from Daft.ie.
This means that those living close to Dublin’s rail networks are now paying a premium of €3,360 per year, or 17% more, in comparison to the average rent for Dublin.
Housing website Daft launched their Q1 2018 rental price maps which showcases in great detail the cost of living close to DART and Luas stops.
The research which led to the creation of these maps analysed the average rental prices for one and two bedroom homes close to each of the 125 stops and stations in the Greater Dublin Area for the period between April 2017 and March 2018.
Commuters living on the Dublin coastline pay the most on average, with rents close to Sandymount DART station averaging at €2,282 per month.
The report revealed that properties close to the Sandymount DART station were the most expensive, and properties close to the Cheeverstown Luas stop were the least expensive, averaging at €1,056 per month.
Those living in Sandymount (€2,282) pay on average double the rent of those living by the Cheeverstown Luas (€1,056).
Rents near DART stations are among the most expensive analysed. The top three priciest DART stations to live near are as follows:
- Pearse (€2,226)
- Lansdowne Road (€2,175)
- and Dalkey (€2,205)
On the Luas, homes close to Spencer Dock on the red line command the highest average rents (€2,260), while those living close to the Charlemont stop (€2,091) pay most on the Luas green line.
Daft also analysed the average rents for each stop on the new Luas cross-city green line, which opened back in December 2017.
Properties close to the new Dominick stop, by the Rotunda, came out on top, with average monthly rents of €1,894.
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