Average rents in Galway City and County revealed

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Rents continued to soar across the country during the summer months, with Galway City seeing a 3.1% increase in rents between July and September from the previous three months.

The average rent in Galway City is now €1,226, up 16.1% from the same period in 2017.

Outside of the city also saw a steep increase, with the average rent now €856 – up 6.1% on the three months prior to July.

In the City, the average price of a one bedroom apartment is now €895, a 12.8% annual change.

In the rest of the county it is €597, up 9.8%.

A two-bedroom house in Galway City now costs  €1,026 per month, a three-bedroom house will cost €1,200, and a four-bedroom house will cost €1,321.

These figures represent increases of 14.9%, 12.1% and 13.5% respectively on last year.

A five bedroom house will cost €1,452 – up a whopping 22.6% from the same period in 2017.

In County Galway, a two bedroom house costs €688, up 11.2% on last year, while a three bedroom house is now €805, up 8.5%.

For a four bedroom house in Co. Galway, rents are €886, up 9.9%, and for a five bedroom house, renters will be asked to fork out €974, a rise of 18.6% on last year.

Nationally, the average rent is at an all-time high, and there are just over three thousand units in the entire state available to rent.

There are just 567 homes available to rent across all of Connacht, Donegal, Monaghan and Cavan.