Midlands 103

Search

Listen Live

On Air Now

2:00am - 6:30am

The Late Night Mix

Whitney Houston

One Moment In Time

New Midlands Tenants Getting Disproportionate Rent Increases

Thursday, 8 February 2024 09:39

A large disparity has emerged between the rise cost of rent for new tenancies and old.

Rents across the midlands are on the rise according to the latest data from the Rental Tenancies Board.

Renters in Westmeath saw the biggest increase in the region when compared to Q3 of 2022.

The cost of a new tenancy has increased there by just under 15% over a 12 month period.

Offaly saw a 14% increase, while Laois rents increased by 13.2%.

Westmeath is also the most expensive county in the region for a new tenancy at just under €1,200 per month, it's €1,100 for Laois, and just under that figure for Offaly.

Existing tenants in the midlands have seen rises of just 3.7% in Laois, 5.9% in Offaly, and 6% in Westmeath.

Nationally, average rents in new tenancies grew by 11% year-on-year in the third quarter of last year.

That compares to renters in existing tenancies, which saw increases of 5.2%.

The housing charity Threshold CEO John-Mark McCafferty says renters are being caught up in a vicious cycle:

More from Midlands News

Minister For National Drugs Strategy Pledges Gardai Drug Specialists

Jennifer Murnane O'Connor says the measure will counteract drug intimidation like that which led to the Edenderry attack.
Offaly Chef Criticises Government School Lunches

Alison Hardy, owner of Ali's Kitchens in Daingean, believes the food being offered is of poor standard for children from all backgrounds.
Offaly GAA Club Hosting Drive-In Bingo This Weekend

Ballinamere GAA are hosting their first drive-in bingo.
Laois County Council Launch Bat Lovers Group

Their first meeting takes place this evening in Portlaoise Library.
Argentine Ambassador To Visit Westmeath Library

Ana Laura Cachaza will visit Mullingar Library to mark the end of the Argentina Emigration Oral History Project.
Westmeath Children's Charity Awarded For Sustainability

Helium will receive a €3,000 grant through Lidl's first ever Green Fund.
Longford-Westmeath TD Condemns Explicit AI Images

Sorca Clarke is backing her party Sinn Fein's proposed amendments to tackle AI.
Jury Delivers Not Guilty Verdict By Reason Of Insanity In Laois Murder Trial

American Henry McGowan was found to be having a psychotic episode when he strangled his Father.
Westmeath Matchmaker Shares Top Valentines Day Tips

Mullingar's Mairead Loughman is celebrating a decade in business this year.
Farmer Concerns Mount Over Slurry Storage Capacity

FRS Co-Op is a multi-sector co-op operating across multiple services.
Jury For Laois Murder Trial Told Evidence Points "One-Way"

Henry McGowan from Brooklyn, New York is pleading not guilty to murdering his 66 year old Father.
Scene Of Offaly Crash Cleared

The Tullamore road has reopened.
Family Of Midlands Man Seek Answers On Psychiatric Care System Gaps

Roscrea's Stephen Loughnane has spent almost five years in an isolation unit and is currently held in Portrane.
Westmeath Mansion Worth Over €1.7m Hits Housing Market

Delvin's South Hill House used to house a special school and is being offered in four lots.
Laois Councillor Criticises Government Response To Flooding

Graiguecullen/Portarlington Councillor Aisling Moran feels more can be done by TD's in response to recent flooding.
Laois Protesters Host Anti-Hunt Ball

Animal welfare representatives attended.
Midlands 103 Reaches 112k Weekly Listeners In Latest JNLR Report

The latest figures show that the station has increased by 6,000 listeners over the past 12 months.
Longford-Westmeath TD Calls For Changes In ADHD policies

5 new teams were funded in 2025 and are recruiting.
HSE Midlands And Dublin Record Highest Number Of STI's

Chlamydia, gonorrhoea and herpes were seen the most.
Laois Heritage Society Launches Spring Talks With Evening of Folklore

Tony Delaney will be speaking at the event.

Download Our App

Never miss a moment from Midlands 103