The cost of renting a home in Donegal has risen 8.5% in one year, according to a new report by Daft.ie.

The average rent in Donegal is now €645, reflecting a rise in costs for every market in the last quarter of 2019. Rents rose by 1.8% compared to the first three months of the year.

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Donegal remains Ireland’s second least expensive county to rent in after Leitrim.

However, availability is at an ‘all time low’ for the region. The report found that there were just 420 homes available to rent in Connacht and Ulster on May 1, down 12% year-on-year.

On May 1st, there were just 2,700 properties available to rent nationwide on daft.ie. This is the lowest ever figure for stock on the market, in a series that goes back to the start of 2006.

The average rent in Ireland is now €1,366, which is another all-time high.

The current snapshot of average rents in Donegal, according to Daft, is:

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1 bed apartment = €454
2 bed house = €527
3 bed house = €614
4 bed house = €668
5 bed house = €722

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