Average rent has risen to €1,261 nationwide, new report shows

Renters are facing a desperate struggle to keep a roof over their heads with rents now growing at least 30 times faster than general inflation.

Average rents across the country increased by 11.5% in the 12 months to the end of March this year, according to Daft.ie, with increases in the cities reaching 17%. That is higher than the CSO-measured average increase of 6.4%.

Landlords are now charging an average of €1,261 per month nationally — almost €2,800 more per year than during the last peak in 2008 when rents were considered to be out of control.