Average monthly rent in Cavan now €1,437 due to inflation

In Cavan, market rents were on average 4.9% higher in the second quarter of 2025 than a year previously. The average listed rent is now €1,437, up 91% from the level prevailing when the Covid-19 pandemic occurred. This is ahead of the national trend, albeit from a lower base.

That's according to the latest Daft.ie report, which shows that rents nationally in the open market rose by a further 1.6% in the second quarter of the year. Combined with the increases seen in the previous three quarters, in particular in the first three months of 2025, this means that market rents are on average 6.9% higher than a year ago.

While rent inflation has slowed since 2022, it still remains "subbornly high", the report finds.

The average open-market rent nationwide between April and June was €2,055 per month, up from a low of just €765 in 2011.

Commenting on the report, its author Ronan Lyons, Professor in Economics at Trinity College Dublin, said: “The average open-market rent nationwide - at a little over €2,000 a month - is twice the rent seen at the Celtic Tiger peak and 50% higher than the level of rents that prevailed just before the Covid-19 pandemic hit. As has consistently been the case over the past fifteen years, the substantial increases in rents are being driven by extreme scarcity of rental housing, relative to underlying need."

With the volume of new supply slowing considerably in Dublin, inflation in the capital - at 6.5% - is now close to the average seen in the rest of the country (7.3%).

As has consistently been the case in recent quarters, Limerick city saw the highest inflation, at 14.9%.

In Galway city, rents were up 8.5% year on year.

While in Cork city, they increased by 11.8% in the same period.

Inflation was even greater in Waterford city (up 12.5%).

Outside the five major cities, rents rose by an average of 6.2% over the last year.

There were almost 2,300 homes available to rent nationwide on August 1. This is down 14% year-on-year and close to half the 2015-2019 average for availability of homes to rent.

The impact of new government measures has yet to be felt, said Mr Lyons.

“Since the last report, the government has moved to relax some of the strictest aspects of Ireland’s rent controls. While this is likely to help boost investment in new rental supply, those changes will not take effect until next year. Further, Ireland’s lengthy planning process means that it will be a number of years before any increase in supply is meaningful enough to start addressing the large deficit of rental housing in the country.”