New tenants spending almost €1,600 per month on rentMichael BoltonFigures published by the Residential Tenancies Board (RTB) show the average rent for new tenants has increased to €1,598. The latest report from the RTB for Q3 2023 show the average rent for new tenants is higher than existing tenants, who are on average spending €1,357 per month. The average rent for new tenancies in Dublin in Q3 2023 was €2,113, or €325 (18.2 per cent) higher than the average rent for existing tenancies which stood at €1,788. The lowest monthly rents were in Leitrim where the standardised average rent in new tenancies stood at €853 per month. "Although rent levels are continuing to rise in both new and existing tenancies, standardised average rent levels in existing tenancies are lower than in new tenancies.

Source: Irish Independent February 09, 2024 06:23 UTC