Carlow experiences the lowest growth in average rent prices across Ireland

You need to have more than €1,000 a month if you want to rent a home in Carlow according to the latest official figures.

That's one of the findings in the new Residential Tenancies Board (RTB) quarterly report on the cost of renting in Ireland.  The figures are independently analysed by the Economic and Social Research Institute (ESRI).

The agency, which says it exists to support and develop a well-functioning rental housing sector,  reports that Carlow is one of 16 counties where the standardised average rents in new tenancies are above €1,000 per month.

The other expensive counties to rent in from January to March 2023 are Clare, Cork, Dublin, Galway, Kerry, Kildare, Kilkenny, Laois, Limerick, Louth, Meath, Waterford, Westmeath, Wexford, and Wicklow

On March 31, 2022 the average montly Carlow rent was €1,094.09. On the same date in 2023 it had risen to €1,116.20 a month.

Carlow experienced the lowest growth in average rent prices in new tenancies in Q1 2023 across Ireland.

New tenancy rents grew by 2% in Carlow, while the highest was in Roscommon which grew 23.7%.

The RTB says the Index is the most accurate and authoritative rent report of its kind on the private rental sector in Ireland as it is based on regulatory data covering all registrations regardless of how the property was advertised for rent.

This Rent Index is based on actual rents paid under 14,085 private tenancies which were newly registered with the RTB in Q1 2023. This is a decrease from 15,336 in the same quarter of the previous year.