Irish Rent Crisis: Prices Rise as Supply Hits 20-Year Low (2025/2026)

The average monthly rent for an apartment in Dublin city has climbed to almost €2,700, as Ireland’s rental crisis deepens with supply hitting a modern low.

New data indicates rents rose by 4.4% in 2025, a surge attributed to the severely constrained availability of properties. The Daft report for 2026 confirms rents are now approximately one-third higher than they were prior to the Covid-19 pandemic and the upward trend continues unabated.

The current rental supply is at its lowest level in 20 years, according to reports. This scarcity is particularly acute in urban centers like Dublin, where demand significantly outstrips availability. The limited number of properties coming onto the market is exacerbating the affordability issues for renters.

The combination of rising rents and dwindling supply is creating significant challenges for individuals and families seeking accommodation. Although the factors driving the crisis are complex, the core issue remains a fundamental imbalance between the demand for rental properties and the number available.