In the second quarter of 2024, Dublin 2 stood out with the highest average residential rent for a two-bedroom apartment in Dublin. The mean rental costs in Dublin 2 were ***** euros a month. Dublin 4 took the second spot with a rent of ***** euros per month. Other regions in Dublin in the top five were Dublin 1, Dublin 6, and South Co Dublin, boasting average rents ranging from ***** to ***** euros. Conversely, West Dublin emerged as the most affordable area, boasting an average monthly rent of ***** euros. Furthermore, Dublin 24, Dublin 22, North Co Dublin, and Dublin 15 joined the ranks of the top five most cost-effective districts in Dublin, with average rental charges ranging from ***** to ***** euros. Dublin is the most expensive rental market, followed by Wicklow and Kildare.

During the second quarter of 2024, Dublin City Center stood out for having the highest average price for renting a room in Ireland. The average rent for a room in Dublin city center was *** for a room with a single bed and *** for a room with a double bed. In contrast, Ulster and Connacht were the most affordable regions, with an average rent in the range of *** euros for a single bedroom and *** euros for a double bedroom. The Irish rental market has grown dramatically in the past decade, with rental costs increasing more than double since 2012.

Price to Rent Ratio in Ireland increased to 113.78 in the second quarter of 2025 from 112.11 in the first quarter of 2025. This dataset includes a chart with historical data for Ireland Price to Rent Ratio.

In the second quarter of 2024, Dublin stood out with the highest average residential rent in Ireland. The average rent in the city center was ***** euros a month. Wicklow took the second spot with a rent of ***** euros per month. Other counties in the top five were Kildare, Meath, and Louth with an average rent range of ***** to ***** euros. In contrast, Leitrim emerged as the most budget-friendly county, with an average monthly rent of ***** euros. Additionally, Donegal, Monaghan,Sligo, and Mayo joined the ranks of the top five most affordable counties, boasting average rents ranging from ***** to ***** euros. Overall, residential real estate in most Irish counties measured a double-digit annual increase in rental costs in the second quarter of 2024.

The prime rent for office real estate in Dublin, Ireland has increased steadily since 2013. The average rental rate peaked in 2022 at *** euros per square meter — where it remained stable in 2023 and 2024 — up from *** euros per square meter in 2021. In comparison, the office rental rate was *** euros per square meter in 2013. In Europe, London, Paris, and Stockholm were the markets with the most expensive rents.

The prime headline rent for industrial and logistics real estate in Dublin, Ireland, has steadily increased, reflecting the strong demand and declining vacancy of warehousing. The second quarter of 2023 reached the highest rental rate on record, with the prime rent of a square meter of warehouse space costing *** euros. That was a notable increase from the same period a year ago, when the rent of a comparable property amounted to *** euros per square meter. Overall, Dublin ranked within the top five most expensive industrial and logistics markets in Europe in 2023.

The rental costs per square meter of prime office spaces in Dublin, Ireland increased for the second year in a row in 2023. As of the second quarter of the year, the monthly rent of prime offices stood at 58.3 euros per square meter.

The average rental costs across Ireland increased steadily over the past decade. The National Rent Index, using the 2012 average rental prices as its baseline, reached ***** index points in June 2024. That was an increase of **** index points from the same period the year before. Across the country, rents increased the most in Longford, Laois, and Kilkenny between the second quarter of 2023 and the second quarter of 2024.

In the second quarter of 2024, Galway had the highest residential rent amongst major cities in Ireland. Properties in Galway on average were in the range of ***** to ***** euros, depending upon the size of the property. Limerick was the second most expensive city, with homes ranging from ***** to ***** euros. In contrast, Waterford stood out as the most affordable city compared to others, with properties available at rates ranging from *** to ***** euros. In Dublin, the average rent for a two-bedroom apartment ranged between ***** and ***** euros, depending on the area.

In 2024, the most expensive residential rental market in Europe was Luxembourg with rental costs of approximately *****euros per square meter.Paris and Dublin followed with rental costs of ***and *****euros per square meter. Rents increased across most markets - a trend that could also be observed in the housing market. How much does an apartment cost in different European cities? Renting a furnished studio apartment in some of the leading cities in Europe can cost anywhere between *** euros monthly (Budapest) and ***** euros (Amsterdam) per month. For a furnished one-bedroom apartment in Paris, France, one may be expected to pay on average ***** euros monthly. Which countries have the most affordable housing? The house price to rent ratio is an indicator of the affordability of owning housing over renting across European countries and is calculated as the nominal house prices divided by a rent price index. The higher the ratio, the more the gap between house prices and rental rates has widened since 2015 when the index base was 100. As of the first quarter of 2025, Finland, Italy, and Romania had the lowest house price to rent ratio, meaning that buying a house was most affordable there compared to renting.

Amsterdam is set to maintain its position as Europe's most expensive city for apartment rentals in 2025, with median costs reaching 2,500 euros per month for a furnished unit. This figure is double the rent in Prague and significantly higher than other major European capitals like Paris, Berlin, and Madrid. The stark difference in rental costs across European cities reflects broader economic trends, housing policies, and the complex interplay between supply and demand in urban centers. Factors driving rental costs across Europe The disparity in rental prices across European cities can be attributed to various factors. In countries like Switzerland, Germany, and Austria, a higher proportion of the population lives in rental housing. This trend contributes to increased demand and potentially higher living costs in these nations. Conversely, many Eastern and Southern European countries have homeownership rates exceeding 90 percent, which may help keep rental prices lower in those regions. Housing affordability and market dynamics The relationship between housing prices and rental rates varies significantly across Europe. As of 2024, countries like Turkey, Iceland, Portugal, and Hungary had the highest house price to rent ratio indices. This indicates a widening gap between property values and rental costs since 2015. The affordability of homeownership versus renting differs greatly among European nations, with some countries experiencing rapid increases in property values that outpace rental growth. These market dynamics influence rental costs and contribute to the diverse rental landscape observed across European cities.

The average residential rent in the different counties in Ireland increased by between ***** and **** percent in the second quarter of 2024 compared to the same period the year before. Longford saw the most substantial rise, recording a **** percent increase. Laois claimed the second spot with a rent increase of **** percent. Other counties in the top five were Kilkenny, Leitrim, and Limerick, all with rent increases ranging from ** to **** percent. Conversely, several counties exhibited more modest rent increases during this period. Some of the most expensive counties, including Dublin's city center, Wicklow, Kildare, Meath, and Louth reported rent increases ranging from * to **** percent.

This Statistic shows the average cost of grade A and grade B office rents in Ireland per square meter in 2019. The most expensive area to rent Grade A office space in Ireland was seen in the capital, Dublin, with an average of ** euros per square meter, double the cost per square foot for grade A office property in Cork. The average cost of grade B office rents in Dublin was more than double that of grade B office rents in Cork in 2019.

During the second quarter of 2024, Dublin * stood out as the most expensive place for buying an apartment in Dublin. The average asking price for a one-bedroom apartment in Dublin * was over ******* euros. Furthermore, Dublin *, Dublin *, Dublin *, and County South Dublin, were some of the other areas in Dublin with costly apartments, with an asking price exceeding ******* euros. On the other hand, Dublin ** had the lowest one-bedroom apartment asking price, at ******* euros. Additionally, Dublin **, Dublin ** and Dublin ** were some areas with low house prices, with an average asking price below ******* euros. Across the country, the most affordable counties to buy a residential property were Leitrim, Longford, and Roscommon.

During the second quarter of 2024, Dublin 10 emerged as the top-performing area in Dublin in terms of the gross annual yield for two-bedroom houses. Dublin 10 boasted an annual yield of *** percent, securing the first position. Following closely behind, Dublin 22 claimed the second-highest annual yield, at * percent. Meanwhile, Dublin 17, Dublin 24 and Dublin 11 were other areas with one of the highest yields, each generating more than ***** percent. In contrast, Dublin 6 recorded the lowest yield among all areas, standing at *** percent. Other areas such as Dublin 4, South County Dublin, Dublin 3, and Dublin 6W also reported relatively lower gross annual yields, ranging from **** to *** percent, areas with higher rents and more competitive markets observed lower yields.

During the second quarter of 2024, Galway emerged as the top-performing city among the selected cities in Ireland in terms of the gross annual yield for all property types. The city had gross annual yields ranging from *** to **** percent, depending on the property size. Following closely behind, Waterford claimed the second-highest annual yield, ranging **** from *** percent. Meanwhile, properties in Galway and Limerick were yielding between *** to **** percent. In Dublin, the rental yield for a two-bedroom house ranged between *** and *** percent, depending on the area.

The rental prices of prime office spaces per square meter varied greatly across different European cities in 2023, ranging from over ***** euros in London to *** euros in Riga. Prime office properties typically meet specific criteria, including a good location in major commercial centers, public transport accessibility, and energy efficiency. Where in Europe are offices most expensive? London, England, had the most expensive prime office spaces with the West End, Marylebone, and Knightsbridge/Chelsea submarkets commanding the highest prices. Other European cities with high-end office rents included Paris, Milan, and Dublin. Where is the most office space leased? Larger cities with flourishing economies tend to attract most businesses despite higher office space costs. Therefore, it is unsurprising that Germany's big Four (Berlin, Munich, Frankfurt, and Hamburg), Paris, and London had the highest take-up rates for office spaces across Europe. In Berlin and Luxembourg, the share of vacant office space was less than **** percent.