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17 Dec 2025

Decrease in rent for new tenancies in Limerick

Decrease in rent for new tenancies in Limerick

THE LATEST Rent Index from the Residential Tenancies Board (RTB) reports a 2.8% decrease in rents for new tenancies in Limerick city between Q4 and Q3 of 2022.

The purpose of the Rent Index is to measure rental price developments faced by those taking up new tenancies in the private sector.

The standardised average rent in new tenancies in Limerick city was €1,289.29 in Q4 2022, which is a decrease of €36.61 compared to Q3 2022.

Although there is a notable decrease in average rent in new tenancies between Q4 and Q3 there is still an overall increase of 4.4% between Q4 of 2022 and Q4 of 2021.

In Q4 2021, the standardised average rent for new tenancies in Limerick city was €1,235.02 per month.

The RTB Rent Index report is based on the total number of private tenancies newly registered with the RTB each quarter. The index provides rental indicators based on actual rents paid for new tenancies in the private rental sector in Ireland.

This Rent Index is based on actual rents paid under 15,868 private tenancies which were newly registered with the RTB nationwide in Q4 2022.

This is an increase of 15.4% on the number of registered tenancies reported upon in the Q4 2021 Rent Index (13,751).

RTB Director Niall Byrne commented: “The RTB is the state agency with responsibility, among other functions, for the collection and analysis of data on the residential rental sector. We are pleased to be publishing the Q4 2022 Rent Index Report.

"The RTB Rent Index Report, based on independent analysis conducted by the ESRI, provides authoritative data on rent levels and movements for new tenancies in the private rental sector. It is important to note that these results are for new tenancies only and therefore these insights relate to only a proportion of the overall private rental sector in Ireland.”

“The reporting capabilities of the RTB will continue to improve during 2023, following the introduction, in April 2022, of the requirement to renew tenancies with the RTB on an annual basis. We are investing in our data systems and in our analytical capacity so that we can progressively expand our reporting across all tenancies.”

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