When it comes to property investment, one of the most frequently asked questions is: What’s a good monthly income from renting in Ireland? Whether you’re a first-time landlord or a seasoned investor, understanding what qualifies as a “good” rental income is key to maximising returns and making informed decisions.
Let’s dive into what rental income looks like across Ireland, what factors influence it, and how you can ensure your property is delivering optimal value.
What Does “Good” Really Mean in Rental Income?
The term “good income” is relative. For some, it’s about positive cash flow after expenses. For others, it means high gross rental yield. A strong monthly rental income should:
- Cover all ongoing property costs (mortgage, insurance, maintenance)
- Leave you with a reliable profit margin
- Reflect current market demand
- Justify the investment risk
Average Rental Income in Ireland (2024 Data)
As of 2024, here are the average monthly rents across Ireland (according to RTB and Daft.ie reports):
| Region | Average Monthly Rent |
| Dublin City | €2,200 – €2,500+ |
| Cork City | €1,500 – €1,800 |
| Galway City | €1,450 – €1,700 |
| Limerick City | €1,300 – €1,600 |
| Waterford City | €1,200 – €1,450 |
| Rest of the Country | €1,000 – €1,400 |
A “good” income would usually be 10–20% higher than your total monthly costs, ensuring profit and financial flexibility.
💡 Not sure what your property should earn? Try the FindQo.ie Rental Estimate Tool. Just input your property details and get a personalised estimate in seconds backed by live market data from all major Irish platforms.
Key Factors That Influence Rental Income
Several variables determine how much you can realistically earn from your rental property:
1. Location, Location, Location
- City centre properties command premium rents.
- Suburban areas offer steady returns with longer tenancies.
- Proximity to universities, hospitals, and transport increases demand.
2. Property Type and Size
- Larger properties (3+ beds) fetch higher rents, especially from families or shared tenants.
- Apartments in good condition with parking, lifts, or balconies have added appeal.
3. Amenities and Features
- Fast broadband, energy-efficient appliances, and high BER ratings can add value.
- Properties with smart tech such as heating controls or security systems may justify higher rent.
4. Furnishing Level
- Fully furnished properties are in higher demand for short- and medium-term rentals.
- Part-furnished or unfurnished may suit long-term tenants but can reduce rental flexibility.
5. Market Trends
- Demand and supply shifts throughout the year.
- Rent Pressure Zone (RPZ) rules may limit increases in specific areas.
- Economic changes (interest rates, inflation) also affect tenant affordability.
How to Determine If Your Rental Income is Strong
To gauge whether you’re getting a “good” income:
- Calculate your net profit: Monthly rent – (mortgage + insurance + maintenance + tax).
- Check rental yield: Annual rent ÷ property value × 100. A yield of 6–8% is considered healthy in Ireland.
- Compare with local market rates: If you’re below average, you may be undercharging or missing value opportunities.
📈 For a quick comparison, use the FindQo.ie Rental Estimate Tool to benchmark your rent against similar listings in your area.
Boosting Your Rental Income
If your current rental income seems below market, there are ways to improve it:
- Upgrade key appliances or furnishings
- Invest in BER improvements for energy savings
- Add modern conveniences (e.g., dishwasher, smart thermostat)
- Offer flexible lease terms or include utilities
- Reassess rent annually within legal limits
What About Taxes?
Rental income is taxable in Ireland, but you can offset many costs including:
- Mortgage interest
- Repairs and maintenance
- Letting fees and management charges
- Insurance and accounting costs
Make sure to consult a tax advisor or Revenue guidelines to optimise your rental returns legally.
So, what’s a good income per month from renting in Ireland? The short answer: it depends on your location, costs, and strategy. But with the right tools and data, you can benchmark your performance and set rents confidently.
📌 Need a fast, reliable way to check your rental value? Visit FindQo.ie Rental Estimate Tool. Input your property details and receive a data-driven estimate in seconds powered by live listings, historical trends, and AI insights. It’s a small step that could make a big impact on your rental strategy.
