REVEALED | Longford is county with fastest-growing average rent in new tenancies

Longford is the county with the fastest-growing average rent in new tenancies, with 18.5% year-on-year growth.

While the national standardised average rent increased by 7.6%, Leitrim recorded the lowest average rent nationwide - €800 per month to rent a new home.

It is followed by the counties Donegal (€827), Roscommon (€880), Monaghan (€892), Cavan (€918), Mayo (€938), Tipperary (€939), Sligo (€944) and Longford (€966), with rent below €1,000 per month.

Dublin has the highest rate in the country, with an average rent of €2,063 per month, followed by Kildare, Wicklow, Meath, Galway and Cork.

There were 15,868 new tenancies registered between October and December 2022, an increase of 15,4%. Outside of Dublin, the average rent stood at €1,174 per month, compared with €1,509 in new tenancies.

The RTB Q4 2022 Rent Index figures show strong growth nationally regarding the rental prices of newly registered tenancies. After a rapid increase in rent inflation for new tenants throughout 2021, inflation rates stabilised in 2022 yet remain high.