Rents have soared across the region, rising by 19.8% in County Cavan and by 15.1% in County Monaghan over the last 12 months.
The figures are contained in the latest Daft.ie rent report, which shows new rents increasing by almost 12% in the last year across the state.
The latest Daft.ie rent report shows rents continuing to soar in Cavan and Monaghan. They have shot up by 19.8% in Cavan and 15.1% in Monaghan in the last 12 months on average.
The average new rent in Cavan is now a staggering €1,162 and in Monaghan €1,105. This is totally unaffordable for people on ordinary incomes.
Daft.ie says the figures indicate a one percent increase since the end of 2022, for the first three months of 2023.
Author of the report, Ronan Lyons, says increased supply is the only way to bring down the cost of rent:
