Cost of renting home in Ireland grew by 2.7% last year despite Covid-19 pandemic –

Image: Shutterstock/Pompaem Gogh Image: Shutterstock/Pompaem Gogh

THE COST OF RENTING a home in Ireland rose by 2.7% in 2020 to an average of €1,256 per month, according to the Residential Tenancies Board (RTB). 

The RTB’s latest rent index shows that for the October to December period of 2020 (Q4), Dublin was the county with the highest standardised average rent at €1,745 per month. 

The counties with the lowest monthly rents were Donegal and Leitrim (€626 per month). 

At the Local Electoral Area (LEA) level, the LEA with the highest standardised average rent was Stillorgan, County Dublin (€2,385 per month) and the lowest was Carndonagh, County Donegal (€521 per month).

New tenancies continued to account for approximately four-fifths of all registrations at 82.8%, with 17.2% of registrations representing tenancy renewals.

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