Rents in Dublin have skyrocketed to a record high as the average property costs €2,170 a month.
A stark new report by Daft.ie showed a sharp increase in rent in the second quarter of the year. Additionally, Ireland has the lowest number of properties to rent since the same report began 15 years ago.
There were just over 700 homes available to rent in Ireland on August 1 which is down from nearly 2,500 last year. There are less than 300 homes to rent in Dublin.
Read more: Dublin rents jump to record high as Government accused of 'losing control of market'
Additionally, it was recently revealed that notices to quit from landlords are also jumping substantially in the last 12 months. The number of notices to quit leapt countrywide to 1,781 in the second quarter of 2022 - a significant jump from 1,132 issued in Q1 this year.
We had a look at the average rents in every Dublin area on Daft.ie and calculated how much you'll need to earn if 30% of your gross salary covered rental costs for a three-bedroom house.
Editor's note: Prices are based on available properties in each area at the time of publishing according to Daft.ie
Dublin 1
Average rent: €2,525.75
Monthly salary needed: €8,419
Dublin 2
Average rent: €4,724
Monthly salary needed: €15,748
Dublin 3
Average rent: €4,450
Monthly salary needed: €14,833
Dublin 4
Average rent: €5,956.2
Monthly salary needed: €19,854
Dublin 5
There were no three-bedroom properties available to rent in Dublin 5 on Daft.ie.
Dublin 6
Average rent: €2,241
Monthly salary needed: €7,470
Dublin 6W
Average rent: €3,105
Monthly salary needed: €10,350
Dublin 7
Average rent: €3,083.3
Monthly salary needed: €10,277.7
Dublin 8
Average rent: €3,086.2
Monthly salary needed: €10,287.5
Dublin 9
Average rent: €3,230
Monthly salary needed: €10,766
Dublin 10
Average rent: €2,500
Monthly salary needed: €8,333
Dublin 11
Average rent: €2,250
Monthly salary needed: €7,500
Dublin 12
Average rent: €3,347
Monthly salary needed: €11,158
Read more: Smaller gardens 'game changer' in solving housing crisis, developer says
Dublin 13
Average rent: €2,554
Monthly salary needed: €8,515
Dublin 14
Average rent: €3,500
Monthly salary needed: €11,666
Dublin 15
Average rent: €2,436
Monthly salary needed: €8,122
Dublin 16
There are no three-bedroom rental properties available in Dublin 16 on Daft.ie.
Read more: Five properties in and around Dublin City Centre for sale for under €350,000
Dublin 17
Average rent: €2,400
Monthly salary needed: €8,000
Dublin 18
Average rent: €3,075
Monthly salary needed: €10,250
Dublin 20
There are no three-bedroom rental properties available in Dublin 20 on Daft.ie.
Dublin 22
Average rent: €2,250
Monthly salary needed: €7,500
Dublin 24
Average rent: €2,416
Monthly salary needed: €8,053
Read next:
Five Dublin dream homes with stunning gardens for sale under €400k
Dublin Fixer-Uppers: 5 of the best property projects to get stuck into
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