Rents still rising as 19 areas come under Rent Pressure Zone legislation

Average rents are continuing to rise nationally, with inflation highest outside Dublin, according to the latest Rent Index from the Residential Tenancies Board (RTB). According to the January to March (Q1) Rent Index, the national standardised average rent is now €1,169 per month. This represents an 8.3% increase (€90) annually and 2.1% quarter-on-quarter.

The new report shows continued affordability issues in the sector, with rental inflation highest in areas outside the greater Dublin area, increasing 9.6% year on year. However, growth also remains high in Dublin, with the standardised average rent now €1,662 per month, increasing 8.5% (€70) on the previous year.