Rent in Roscommon increases by 6%

The cost of Rent in Roscommon has increased by an average of 6% during the past 12 months according to today’s report from property website Daft.ie

Overall rent prices have increased by 7.9% since the “trough” or lowest level, compared to a 35% increase in Galway City.
The good news, is that despite the increase Roscommon is still one of the least expensive places in Ireland to rent a home. The report found that the average price to rent in Roscommon was €532 per month with a full break down as follows:

The average cost to rent a 1 Bed Apartment in the county is €386 per month

A 2 Bed house would cost €429 per month

€529 p/m would be enough to rent a 3 Bed house

While €571 per month would secure an additional bedroom

The highest price per month, if you wanted to rent a 5 bedroom house, would be €617 per month

The report also found the in the case of 1, 2 and 3 bedroom homes it would be less expensive to pay a mortgage than rent a home, even allowing for an increase in the interest rate.