GITNUX MARKETDATA REPORT 2024

Statistics About The Average Rent In Philippines

The average rent in the Philippines is typically around 15,000 to 20,000 Philippine pesos per month for a one-bedroom apartment in cities like Manila.

Statistic 1

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

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Statistic 2

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

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Statistic 3

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

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Statistic 4

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

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Statistic 5

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

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Statistic 6

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

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Statistic 7

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

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Statistic 8

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

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Statistic 9

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

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Statistic 10

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

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Statistic 11

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

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Statistic 12

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

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Statistic 13

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

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Statistic 14

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

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Statistic 15

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

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Statistic 16

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

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Statistic 17

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

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Statistic 18

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

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Statistic 19

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

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Statistic 20

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

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