Rent prices in Ireland have increased by 36% in the five years since October 2021.
That’s according to the latest Focus on Rent and Mortgage Interest Costs report from the Central Statistics Office (CSO), which found that the cost of renting in Ireland at present is at its highest level in 30 years since the series began in November 1996.
Mortgage interest costs are also at their highest level since October 2008 and have increased by 98.3% since October 2021, according to the study.
This was due to a number of interest rate rises and the increasing value of houses over this time period.
In the 12 months to October 2026, rents have risen by 7% and mortgage interest costs were up by 10.8%.
Rental price levels as measured by the CPI are at their highest level since the CSO began publishing detailed sub-indices in November 1996 and have increased every month since July 2021.
The Consumer Price Index (CPI) also increased by 4.3% in the 12 months to October 2026.
Local Authority rents have risen by 12.7% since October 2025 while Private Rents have increased by 5.5% over the last year.
Rents contributed 0.44 percentage points towards the overall inflation rate in October 2026 while Mortgage Interest contributed 0.32 percentage points.
In the last five years, Household Maintenance Services have gone up by 19.3% while prices for Household Maintenance Materials rose by 14.1% since October 2021.
The cost of materials and services for household maintenance was at its highest level in October 2026. Prices decreased during the period of 2008 to 2013 but have been increasing since December 2013.
October 2026 saw the highest percentage annual change in the cost of household maintenance (3.0%) since November 2023 (4.3%).
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