Rental market faces supply warning as average monthly costs hover close to €2,000

The daft.ie report also shows that availability had almost doubled between late 2022 and late 2023, but it has fallen considerably since the start of the year. Picture: Leah Farrell / RollingNews.ie

The average monthly rent is hovering close to €2,000, with fresh warnings about a lack of supply in the likes of Limerick, Cork, and Waterford where they have surged.

New figures show that despite an easing of rental inflation, especially in Dublin, market rents rose by an average of 0.6% in the first quarter of 2024 — the 13th consecutive quarter in which rents nationwide have increased.