Rents rose by 6.9 per cent nationwide in the year to the end of March, according to new figures published by the Private Residential Tenancies Board (PRTB)..
The latest PRTB Quarterly Rent Index, which is compiled by the Economic and Social Research Institute (ERSI) indicates that rents for houses rose 6.5 per cent while apartment rents increased by 7.8 per cent.
In Dublin, where costs are usually higher, house rents were up 9 per cent in the year with apartment rents jumping by 10.8 per cent.
In monetary terms, the rent for private sector accommodation across the whole country rose €54 in the year from €781 to €835. The rents for apartments increased on average by €63 in the 12 months to the end of March while rents for houses were up €49 to €814.
In Dublin, the average cost to rent was €1,325 for a house and €1,205 for an apartment. This compares to €1,215 and €1,087 respectively for the same period a year earlier.