Photograph: GettyThe supply of homes to rent across the State has reached by far its lowest level in 20 years for the month of February, while national rents increased by 4.4 per cent last year, a report from Daft.ie shows. “A wave of new rental supply, in large apartment schemes, eased pressure in the capital, delivering unusually low rent inflation by recent standards. “With inflation in Dublin drifting back up towards rates seen elsewhere, Ireland’s rental market is re-synchronising – but not because conditions are improving. In the third quarter, the average monthly rent for a two-bedroom apartment in those four cities was €1,951. Market rents there are now on average 57 per cent above their pre-Covid levels and twice their Celtic Tiger peak.

Source: The Irish Times February 24, 2026 07:30 UTC