Average Monthly Rent For New Tenants in Clare Jumps By 20%

The average rent for a new tenant in Clare jumped by 20% in the past year.

Figures contained in the Residential Tenancies Board’s quarterly report, published today, show the average monthly cost for new tenants in the county was just over €1,200 between October and December last year.

It was more expensive to rent in the Shannon area, with new tenants paying out more than €1,450 euro a month, while in Ennis the figure was €1,207.

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The report also shows the gap between the cost for new and existing tenants is widening, with existing tenants across Clare paying €912 euro on average in comparison, up just over 9% on the last quarter of 2022.

In Shannon, the figure stood at €995, and in Ennis, it was a €923 monthly cost.

Research Officer with the ESRI, Rachel Slaymaker says some areas across the country are being hit a lot harder than others.