New tenants spending almost €1,600 per month on rent

The average rent for new tenancies stood at €1,598 while the average rent for existing tenancies was €1,357.

The average rent for new tenants has increased to €1,598, a rise of over €158 in 12 months. 

The latest rent index report from the Residential Tenancies Board (RTB) has revealed that the average rent for new tenancies is significantly higher than rents for existing tenants.