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.

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.

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.

Ireland IE: Price to Rent Ratio: sa data was reported at 111.339 2015=100 in Dec 2024. This records an increase from the previous number of 110.118 2015=100 for Sep 2024. Ireland IE: Price to Rent Ratio: sa data is updated quarterly, averaging 71.365 2015=100 from Mar 1970 (Median) to Dec 2024, with 220 observations. The data reached an all-time high of 181.775 2015=100 in Dec 2005 and a record low of 26.556 2015=100 in Mar 1973. Ireland IE: Price to Rent Ratio: sa data remains active status in CEIC and is reported by Organisation for Economic Co-operation and Development. The data is categorized under Global Database’s Ireland – Table IE.OECD.AHPI: House Price Index: Seasonally Adjusted: OECD Member: Quarterly. Nominal house prices divided by rent price indices

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.

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.

Graph and download economic data for Harmonized Index of Consumer Prices: Actual Rentals for Housing for Ireland (CP0410IEM086NEST) from Jan 1996 to May 2025 about Ireland, harmonized, rent, CPI, housing, price index, indexes, and price.

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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.

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.

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.

Ireland - Housing cost overburden rate: Tenant, rent at reduced price or free was 7.90% in December of 2024, according to the EUROSTAT. Trading Economics provides the current actual value, an historical data chart and related indicators for Ireland - Housing cost overburden rate: Tenant, rent at reduced price or free - last updated from the EUROSTAT on July of 2025. Historically, Ireland - Housing cost overburden rate: Tenant, rent at reduced price or free reached a record high of 9.80% in December of 2019 and a record low of 1.80% in December of 2009.

Graph and download economic data for Consumer Price Index: Housing, Water, Electricity, Gas and Other Fuels (COICOP 04): Actual Rentals for Housing: Total for Ireland (IRLCP040100GPQ) from Q2 1990 to Q3 2023 about Ireland, water, fuels, electricity, rent, gas, CPI, price index, indexes, and price.

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.

Ireland - Housing cost overburden rate: Tenant, rent at market price was 18.30% in December of 2024, according to the EUROSTAT. Trading Economics provides the current actual value, an historical data chart and related indicators for Ireland - Housing cost overburden rate: Tenant, rent at market price - last updated from the EUROSTAT on June of 2025. Historically, Ireland - Housing cost overburden rate: Tenant, rent at market price reached a record high of 25.50% in December of 2019 and a record low of 10.40% in December of 2021.

Ireland IE: EHLG: Average Property Price: Apartment: New: Waterford data was reported at 105,000.000 EUR in 2015. This records a decrease from the previous number of 109,000.000 EUR for 2014. Ireland IE: EHLG: Average Property Price: Apartment: New: Waterford data is updated yearly, averaging 148,712.219 EUR from Dec 1997 (Median) to 2015, with 16 observations. The data reached an all-time high of 283,325.000 EUR in 2006 and a record low of 82,268.870 EUR in 1997. Ireland IE: EHLG: Average Property Price: Apartment: New: Waterford data remains active status in CEIC and is reported by Department of the Environment, Community and Local Government. The data is categorized under Global Database’s Ireland – Table IE.P003: EHLG Average Property Price: Annual.

Graph and download economic data for Consumer Price Indices (CPIs, HICPs), COICOP 1999: Consumer Price Index: Actual Rentals for Housing for Ireland (IRLCPHP0401IXOBM) from Jan 1996 to Mar 2025 about Ireland, water, fuels, electricity, rent, and gas.

Data tables containing the indicative impacts of improving private rents data on our headline inflation statistics: the Retail Prices Index (RPI), Consumer Prices Index (CPI) and consumer Prices Index including owner-occupiers' housing costs (CPIH).

Graph and download economic data for Consumer Price Indices (CPIs, HICPs), COICOP 1999: Consumer Price Index: Actual Rentals for Housing for Ireland (IRLCP040100GYQ) from Q1 1991 to Q1 2025 about Ireland, water, fuels, electricity, rent, gas, CPI, price index, indexes, and price.

Ireland - Overcrowding rate: Tenant, rent at market price was 15.80% in December of 2024, according to the EUROSTAT. Trading Economics provides the current actual value, an historical data chart and related indicators for Ireland - Overcrowding rate: Tenant, rent at market price - last updated from the EUROSTAT on July of 2025. Historically, Ireland - Overcrowding rate: Tenant, rent at market price reached a record high of 15.80% in December of 2024 and a record low of 3.60% in December of 2012.