Average rents now €2,053 after 3.4% rise in first three months of 2025

There were just over 2,300 homes available to rent nationwide on May 1, according to Daft report

Market rents rose by an average of 3.4% in the first three months of 2025, according to the latest Rental Report by Daft.ie, one of the largest three-month increases in the last two decades. Picture: iStock

Market rents rose by an average of 3.4% in the first three months of 2025, according to the latest Rental Report by Daft.ie, one of the largest three-month increases in the last two decades.

In the year to March, market rents rose by 13.6% in Cork and 9.9% in Waterford. Limerick saw the largest increases, with rents up over 20% year-on-year. Rents in Galway were up 12.6%. Rents rose by 5.8% in Dublin and by 8.6% elsewhere, the smallest gap in inflation rates in two years.  Outside the major cities, rents in Leinster and Connacht-Ulster were up just over 5% year-on-year, while rents in Munster were 11.5% higher.