Average monthly rent now €1,400 in Sligo
The average listed rent is now €1398, up 81% from the level prevailing when the covid19 pandemic occurred.
Market rents rose by an average of 3.4% in the first three months of 2025, according to the Rental Report by Daft.ie, one of the largest three-month increases in the last two decades. The average open-market rent nationwide in the first quarter of 2025 was €2,053 per month, up from a low of just €765 in 2011 and 48% higher than before the outbreak of covid19.
Pressure on rental markets in Ireland's other cities remains acute. In Waterford, market rents in March were up 9.9% year-on-year, while in Cork and Galway cities, they were up 13.6% and 12.6% respectively. But once again, Limerick has seen the largest increases, with rents up over 20% year-on-year. Outside the major cities, rents in Leinster and Connacht-Ulster were up just over 5% year-on-year, while rents in Munster were 11.5% higher. There were just over 2,300 homes available to rent nationwide on May 1st, down 14% year-on-year. This is the third lowest total for May in twenty years and close to half the 2015-2019 average for availability of homes to rent.
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