Average annual rent rises 8.6% to €922 per month compared to last year

The cost of renting continues to rise, with rents 8.6% higher nationally compared to this time last year.

The average monthly rent on a property in Ireland now stands at €922, compared with €849 a year ago.

In the capital, the cost of renting a home is slightly higher than the 2007 peak. It costs an average €1,314 per month to rent a property in Dublin, €3 more expensive than the high of nine years ago. It costs €1,454 on average a month to rent a house in Dublin and €1306 for an apartment.