Average rents across Galway continue to spiral

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The average rent in Galway city and county has risen again in the second quarter of this year according to the latest report by Daft.ie.

In Galway city, the average rent now stands at €1,663, while elsewhere in the county it is €1,184.

The report shows that one-bedroom apartments in the city are on average €1,110, and four-bedroom houses are €1,923 per month.

For a single bedroom in a shared house in the city, people can expect to pay €588, while a double bedroom will set them back €633.

Availability Of Rental Homes In August 2022

Rents in the second quarter of 2022 were, on average across the country, 12.6% higher than a year previously – the strongest year-on-year increase in market rents since the Daft Report was launched in 2005.

Rents are higher, compared to a year ago, in all 54 markets covered in the Daft.ie Report.

The smallest increase (7.3% year-on-year) is seen in Dublin 20, while the largest increase (21.3%) was in Leitrim.

For the first time since 2016, year-on-year percentage increases in rents were larger in Dublin than elsewhere (12.7% vs 12.5%).