LIMERICK City has become the third most expensive city to rent in Ireland, with average rents in the city now sitting at over €2,000 per month, a new report shows.
This comes as the city also was reported as having the largest year-on-year increase in average rental figures in the country.
The average rent in Limerick City is now €2,107 per month, the first time the average rent price in Limerick has stood at over €2,000 per month, according to the newest Daft.ie Rental Price Report.
This new figures marks a 21.2 per cent increase in rental prices year-on-year in the city, the biggest increase anywhere in the country.
Rents in Limerick City are now the third highest in Ireland, behind only Dublin City Centre, with an average rent of €2,377, and Galway City which has an average monthly rent of €2,114 per month.
Looking at the longer term, the Daft report showed that the current rental average in Limerick City is up 70 per cent on pre-Covid figures, with a similar figure reported for Limerick County, which saw rental prices up 68 per cent on pre-Covid rates, the highest figures in Munster.
Leitrim was the county with the highest post-Covid rental price increase across Ireland, with rents now 90 per cent higher than they were before the pandemic.
In County Limerick, the average rent now stands at €1,564 per month, an increase of 12.3 per cent year-on-year.
The availability of rental properties remained largely unchanged on the same period last year, with just 2,200 properties available to rent across Ireland on August 1.
