The Residential Tenancies Board Rent Index for the third quarter of 2022 shows the standardised average rent in newly registered tenancies rose by €22 to €1,482 a month compared to the second quarter of the year.
On a yearly basis, rents in these newly registered tenancies increased by 6.7%.
Today's figures show that the standardised average rent in new tenancies for houses stood at €1,468 a month, an annual increase of 6.8%.
The standardised average rent in new tenancies for apartments stood at €1,513 a month, a rise of 6.7% on the same time in 2021.
The highest standardised average rent in new tenancies in the three months from July to September was in Dublin at €2,022 a month while the lowest monthly rents were in Donegal where the standardised average stood at €809 a month.
The RTB said that 14 counties have standardised average rents in new tenancies above €1,000 per month - Carlow, Cork, Dublin, Galway, Kerry, Kildare, Laois, Limerick, Louth, Meath, Waterford, Westmeath, Wexford and Wicklow.
It noted that the lowest yearly growth in the standardised average rent for new tenancies was in Kilkenny where rents fell by 0.3%.
Carlow had the second lowest yearly growth rate, with rents falling by 0.2% compared to the third quarter of 2021.
And the county with the fastest growing standardised average rent in new tenancies was Kerry which reported 16.5% year-on-year growth.
12 counties had a yearly growth rate in new tenancy rents above 10% in the third quarter of last year.
The purpose of the Rent Index is to measure rental price developments faced by those taking up new tenancies in the private rental sector and it is not designed to provide a measure of the rents being paid by existing tenants.
Niall Byrne, RTB Director, said that annual registration is providing the RTB with much greater visibility on rents for both existing and new tenancies.
"This enhanced information on the sector will allow us to provide new insights and improved information to tenants, landlords and the wider public during 2023, while also providing additional data to inform the development of future policy for the residential rental sector," he added.
