Four new Rent Pressure Zones come into operation as average rents rise 8%

Renters in seven counties are now spending more than €1,000 per month in rent, on average. New figures published by the Residential Tenancies Board (RTB) show that despite rental increases slowing in Cork city and Dublin, pressure continues to grow in many parts of the market.

The average rent is now €1,243 per month, an 8.2% increase in the last 12 months, according to the RTB’s Q3 2019 Rent Index. The index showed that Cork city rents increased by 1.4% to €1,192 per month — the lowest annual increase in the city since 2015; while rents in Dublin increased by 6.6% to €1,762. It was the lowest increase in the capital since 2017.