We’ve all noticed the rapid rise in rents over the past twelve months but a new report has now shown the full extent.
The Daft.ie Rental Report Q3 was released today and it makes for fairly grim reading.
It confirms that rents have increased by almost 13 per cent in some areas of Dublin, with the highest rise in West Dublin (12.6 per cent) where the average monthly rent stands at €1,399 (up 12.6 per cent on this time last year).
The average in the North Inner City is €1,474 (up 12.5 per cent), while the City Centre stands at €1,575 (up 11.8 per cent) and South Inner City at €1,701 (up 11.9 per cent).
In South Dublin, the average is €1,801 (up 12.3 per cent) and those living in North Dublin are paying €1,320 (up 12.1 per cent).
Standard rents for a one-bedroom apartment range from €983 in North County Dublin to €1,532 in Dublin 2.
There is a similar gap when it comes to larger houses, with a five bedroom property in North County Dublin priced at €1,690 compared to €3,249 in Dublin 2.
You can see the full report here.