Average Leitrim monthly rents climb to €1139

The average in Leitrim rent is now listed at €1139, up 90% from the level prevailing when the covid19 pandemic occurred. 

With market rents also up 12.4% in the second quarter of 2024 than the year previous. Nationwide, market rents rose by an average of 2% in the second quarter of 2024, according to the latest Rental Report by Daft.ie. The report states rents nationwide have increased and the 45th time in the last 48 quarters.

The average open-market rent nationwide in the second quarter of the year was €1,922 per month, up 7.3% year-on-year and 41% higher than before the outbreak of covid19.Inflation in market rents remains significantly lower in Dublin than elsewhere in the country. In the capital, rents in the second quarter of the year were 3.5% higher than a year earlier, while elsewhere in the country, they were on average 10.6% higher.

Market rents rose particularly sharply in Limerick City (up 21% year-on-year) but the three other cities also saw double-digit increases, ranging from 13% in Galway to 10% in Waterford. Outside the cities, the rate of increase was similar, on average, between 9.3% in Munster and 10.5% in Connacht-Ulster. Ronan Lyons, Professor in Economics at Trinity College Dublin, said between mid-2022 and mid-2023, a slow-down in inflation in open-market rents occurred, driven by Dublin and in particular by the construction of significant numbers of new rental homes in the Dublin area. However, as seen by very rates of inflation in market rents in the other cities, this was limited to the capital, where new supply was concentrated.