Statistics About The Average Rent In Philippines

In this post, we will explore the average rent in the Philippines through a series of key statistics gathered from various cities and regions across the country. From the rental yield in Metro Manila to the growing demand for properties in Cebu, and the varying costs of apartments in different urban centers, we will provide a comprehensive overview of the rental landscape in the Philippines.

Statistic 1

"The average rental yield for properties in Metro Manila is about 7%."

Statistic 2

"The demand for rental properties in Cebu has grown by 5% annually."

Statistic 3

"Rent for commercial properties in central business districts averages PHP 800 per square meter per month."

Statistic 4

"The average rent for a one-bedroom apartment outside the city center in Cebu is about PHP 15,000 per month."

Statistic 5

"Average rent in the Philippines has increased by 3% annually over the past five years."

Statistic 6

"The affordable housing rental market in the Philippines starts at around PHP 8,000 per month."

Statistic 7

"The average rent for an unfurnished apartment in the Philippines is typically 10% lower than for a furnished one."

Statistic 8

"The average rent for a luxury apartment in the Philippines can exceed PHP 100,000 per month."

Statistic 9

"The average rent for a studio apartment in Quezon City is approximately PHP 12,000 per month."

Statistic 10

"The rent for a one-bedroom condominium in Davao City averages PHP 18,000 per month."

Statistic 11

"Year-on-year rent growth in the Philippines is estimated to be around 2.5%."

Statistic 12

"The average monthly rent for a mid-range apartment in the Philippines is approximately PHP 25,000."

Statistic 13

"The rental market in Iloilo has seen a price increase of 4% over the past year."

Statistic 14

"The average utility cost for renters in the Philippines is about PHP 3,000 per month."

Statistic 15

"The vacancy rate for rental properties in Metro Manila is around 7%."

Statistic 16

"Rents in business districts like Ortigas are approximately PHP 25,000 per month for a one-bedroom apartment."

Statistic 17

"The average rent for a three-bedroom apartment in Makati is around PHP 60,000 per month."

Statistic 18

"The average rent for a one-bedroom apartment in Manila is approximately PHP 20,000 per month."

Statistic 19

"The average rent for a two-bedroom apartment in Bacolod is around PHP 15,000 per month."

Statistic 20

"The average size of rental apartments in the Philippines is about 40 square meters."

Overall, the rental market in the Philippines exhibits a mix of varying trends and pricing structures across different regions, with notable statistics such as the 7% average rental yield in Metro Manila and the 5% annual growth in demand for rental properties in Cebu. The data reveals a range of rental costs, from affordable options starting at around PHP 8,000 per month to luxury apartments exceeding PHP 100,000 per month. Moreover, rental rates in central business districts like Ortigas and Makati reflect premium pricing, while the average rent across the country has seen a mild annual increase of 3% over the past five years. With insights into vacancy rates, utility costs, and apartment sizes, prospective renters and property investors can make informed decisions within the dynamic landscape of the Philippines’ rental market.