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 2,377 euros a month. Wicklow took the second spot with a rent of 2,042 euros per month. Other counties in the top five were Kildare, Meath, and Louth with an average rent range of 1,793 to 1,983 euros. In contrast, Leitrim emerged as the most budget-friendly county, with an average monthly rent of 1,139 euros. Additionally, Donegal, Monaghan,Sligo, and Mayo joined the ranks of the top five most affordable counties, boasting average rents ranging from 1,185 to 1,338 euros. Overall, residential real estate in most Irish counties measured a double-digit annual increase in rental costs in the second quarter of 2024.

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 823 for a room with a single bed and 864 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 490 euros for a single bedroom and 540 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.

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 248.9 index points in June 2024. That was an increase of 15.1 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 1,279 to 2,430 euros, depending upon the size of the property. Limerick was the second most expensive city, with homes ranging from 1,274 to 2,418 euros. In contrast, Waterford stood out as the most affordable city compared to others, with properties available at rates ranging from 986 to 1,873 euros. In Dublin, the average rent for a two-bedroom apartment ranged between 1,734 and 2,470 euros, depending on the area.

Price to Rent Ratio in Ireland increased to 112.11 in the first quarter of 2025 from 111.35 in the fourth quarter of 2024. This dataset includes a chart with historical data for Ireland Price to Rent Ratio.

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 2,470 euros a month. Dublin 4 took the second spot with a rent of 2,345 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 2,097 to 2,217 euros. Conversely, West Dublin emerged as the most affordable area, boasting an average monthly rent of 1,734 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 1,739 to 1,787 euros. Dublin is the most expensive rental market, followed by Wicklow and Kildare.

F2023B - Weekly Rent of Rented Private Households and Average rent in Permanent Housing Units. Published by Central Statistics Office. Available under the license Creative Commons Attribution 4.0 (CC-BY-4.0).Weekly Rent of Rented Private Households and Average rent in Permanent Housing Units...

IIA04 - Average rent as a % of household disposable income. Published by Central Statistics Office. Available under the license Creative Commons Attribution 4.0 (CC-BY-4.0).Average rent as a % of household disposable income...

The average residential rent in the different counties in Ireland increased by between three and 15.4 percent in the second quarter of 2024 compared to the same period the year before. Longford saw the most substantial rise, recording a 15.4 percent increase. Laois claimed the second spot with a rent increase of 13.4 percent. Other counties in the top five were Kilkenny, Leitrim, and Limerick, all with rent increases ranging from 12 to 13.5 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 3 to 10.5 percent.

Renting an apartment in Cambridge cost on average more than 1,500 British pounds per month in December 2023, making it the most expensive cities for renters in the UK after London. In London, the average rent ranged between 1,400 British pounds and 3,700 British pounds depending on the location. On the other hand, Northern Ireland, Wales, and North East were the regions with the most affordable rents.

The prime rent for office real estate in Dublin, Ireland has increased steadily since 2013. The average rental rate peaked in 2022 at 673 euros per square meter — where it remained stable in 2023 and 2024 — up from 619 euros per square meter in 2021. In comparison, the office rental rate was 377 euros per square meter in 2013. In Europe, London, Paris, and Stockholm were the markets with the most expensive rents.

Prior to 1974 the data was based on surveys of existing house sales in Dublin carried out by the Valuation Office on behalf of the D. O. E. Since 1974 the data has been based on information supplied by all lending agencies on the average price of mortgage financed existing house transactions. Average house prices are derived from data supplied by the mortgage lending agencies on loans approved by them rather than loans paid. In comparing house prices figures from one period to another, account should be taken of the fact that changes in the mix of houses (incl apartments) will affect the average figures. Data for 1969/1970 is not available for Cork, Limerick, Galway, Waterford and Other areas The most current data is published on these sheets. Previously published data may be subject to revision. Any change from the originally published data will be highlighted by a comment on the cell in question. These comments will be maintained for at least a year after the date of the value change. National and Other Areas figure changed for 2015 on 27/6/15 as revised data received from Local Authorities Prices includes houses and apartments measured in €

In the second quarter of 2024, Dublin 2 stood out as the postal sector with the highest average residential rent for a one-bedroom apartment in Dublin. The average rent in Dublin 2 was 2,022 euros a month. Dublin 4 took the second spot with a rent of 1,920 euros per month. Other areas in Dublin in the top five were Dublin 1, Dublin 6, and South Co Dublin, boasting average rents ranging from 1,716 to 1,815 euros. In contrast, West Dublin emerged as the most budget-friendly area, with an average monthly rent of 1,420 euros. Additionally, Dublin 24, Dublin 22, North Co Dublin, and Dublin 15 joined the ranks of the top five most affordable areas in Dublin, with average rents ranging from 1,423 to 1,463 euros. Dublin is the most expensive rental market, followed by Wicklow and Kildare.

Rental and leasing car providers have benefitted from a substantial expansion in the number of international tourists visiting Ireland, a large portion of which use rental cars for their stay. Rising business activity led to many businesses opting to rent and lease vehicles, supporting demand. Revenue for vehicle rental and leasing companies is forecast to expand at a compound annual rate of 1.4% to €1.4 billion over the five years through 2024, including growth of 6.6% in 2024. Most car providers offer short-term rentals to domestic and foreign customers. In 2020, revenue fell sharply because of the COVID-19 outbreak and lockdowns leading to a ban on most car usage. According to the CSO, the number of passengers passing through Dublin airport was 7.4 million in 2020, down 78% on 2019. Inbound travel was sluggish to recover in 2021, weighing on revenue growth. Reports of high rental rates – up to €560 per day for car rental bookings in 2022, according to the Irish Times – are causing overseas travellers to cancel trips and putting off customers. The industry is likely to benefit from the rising number of visitors to Ireland, aided by promotion activity and funding by Tourism Ireland. Passenger numbers in Ireland rose by 7.6% from 2023, driving more revenue for car rental services through international visitors. Funding for campaigns will boost the number of international tourists, supporting industry demand. Leasing firms are expected to continue attracting customers because most businesses prefer to lease vehicles and avoid the substantial capital outlay involved in outright purchases. Ireland will ban the sale of new petrol and diesel vehicles by 2030, meaning car providers will invest in their fleet ahead of the ban, weighing on the average profit margin. Revenue for vehicle rental and leasing companies is forecast to expand at a compound annual rate of 6.1% to €1.9 billion over the five years through 2029.

CD481 - Rented Private Households in Permanent Housing Units by Average Weekly Rent. Published by Central Statistics Office. Available under the license Creative Commons Attribution 4.0 (CC-BY-4.0).Rented Private Households in Permanent Housing Units by Average Weekly Rent...

E1025 - Rented Private Households in Permanent Housing Units by Average Weekly Rent 2011 to 2016. Published by Central Statistics Office. Available under the license Creative Commons Attribution 4.0 (CC-BY-4.0).Rented Private Households in Permanent Housing Units by Average Weekly Rent 2011 to 2016...

This Statistic shows the average cost of grade A and grade B office rents in Northern Ireland (United Kingdom) per square foot in 2019. The most expensive area to rent Grade A office space in Northern Ireland was seen in the capital, Belfast, with an average of 23 British pounds per square foot. This is almost 8 euros higher than the cost per square foot for grade A office property rent in Derry.

The house price to rent ratio in Ireland has been on a downward trend since 2022, and in the third quarter of 2023, it reached the lowest value recorded since 2017. The house price to rent ratio is calculated by dividing the nominal house prices by rent prices, with 2015 chosen as a base value when the index amounted to 100. An increase in the index value shows that house prices have risen faster than rents, while a decline suggests that rental growth has outpaced house prices appreciation. Ireland's house price to rent ratio averaged above that of the OECD average.

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 60 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.

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 one-bedroom 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.