Renting Accommodation in the Philippines
Find a house, condo or apartment to rent, and understand what’s involved when you come to sign a lease...
Property rental is one of the fastest growing businesses in the Philippines today. As a result, prices are competitive. It is however difficult for an expatriate who is not used to the Philippine system to find a property.
The first important step is to identify the preferred area to live in. Most expatriates live in the city, where housing is more expensive than in the provinces. The closer the property is to schools, shopping malls and main roads, the more expensive the rent. Despite the disparity in prices, the Philippines is still considered a more affordable place to live compared to other Western countries, and compares favorably with other Southeast Asian countries.
There are several options for rental properties such as condominiums, apartments and houses. Condominiums are owned by property development companies. Apartments and houses are privately owned. Condominiums and apartments are located in the city center, whereas houses are further away from the city center.
Types of Accommodation
Condominiums (or ‘condos’) are units of housing in a huge building. Some estate agencies own units that are for rent. Others are privately owned. Maintenance, landscaping and security costs are shared by the tenants. Condominium units are usually furnished and ready to move into. These are considered more upmarket and are located in business districts. The rental cost per month for a two-bedroom condominium in the city center can be as high as PHP 85,000.00. A one-bedroom condominium in the city centre can cost as much as PHP 60,000.00 per month.
Apartments are usually privately owned and the tenant will have to deal directly with the landlord. The apartment may be unfurnished or furnished. Some landlords allow their tenants to carry out major redecoration subject to their approval.
The average cost of monthly rental for an apartment is as follows:
- One-bedroom apartment in the city centre – PHP 8,000.00
- One-bedroom apartment outside the city centre – PHP 6,000.00
- Three-bedroom apartment in the city centre – PHP 20,000.00
- Three-bedroom apartment outside the city centre – PHP 12,000.00
Houses are the most suitable type of accommodation for large families, but they are usually further from the city center. Houses are normally privately owned, but homeowners usually hire letting agents to help them advertise their homes. Houses that are fully furnished and located in the city center can cost as much as PHP 250,000 per month (for 4 bedrooms/4 bathrooms).