'Sharp increase': Limerick city rents jump by almost 10 per cent
IN LIMERICK city, market rents in the first quarter of 2026 were on average 9.7% higher than a year ago. The typical open-market rent of a two-bedroom apartment in the city was €2,187.
In county Limerick, market rents in the first quarter of 2026 were on average 6% higher than a year ago. The typical open-market rent of a three-bedroom house in the county was €1,952.
Nationally, market rents rose sharply in the first quarter of 2026, according to the latest Rental Report by Daft.ie, with the national average increasing by 4.4% between December and March. This is the largest quarterly increase in rents in a series extending back to 2002. Market rents are now almost 80% higher than ten years ago.
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There were just under 2,500 homes available to rent nationwide on May 1. This is an increase compared to the same date one year ago, when availability stood at just over 2,300. Between July 2025 and January 2026, the number of homes put up for rent was 10% lower than in the same period a year earlier.
Commenting on the new-look report, its author Ronan Lyons, Professor in Economics at Trinity College Dublin, said:
“The first data following the introduction of new rent controls show a sharp increase in rents, alongside a more modest and potentially temporary increase in rental availability.”
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