Average monthly rents hit record level – report – RTE.ie

Average monthly rents across the country rose to a new record level during the second quarter of the year.

According to the latest quarterly Rental Report by Daft.ie, on average the cost of renting is now €1,391 per month.

The increase marks the 13th consecutive quarter of record rents.

However, the 6.7% rise over the same quarter last year is the lowest rate of rental inflation recorded since the last three months of 2013.

Nonetheless, the average listed rent per month is €361 higher than the last peak 11 years ago.

Ronan Lyons, economist at Trinity College Dublin and author of the report, said the moderation in increases was more likely due to limits on affordability, rather than improvements in the supply of rental properties.

“Availability on the rental market remains at levels that were unprecedented prior to 2015,” he said in a statement.

“For example, in the Dublin market, there

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