Singapore’s dynamic rental market continues to evolve in 2025, offering a diverse range of condominium options for both local and international tenants.
Whether you’re relocating for work, studying, or simply seeking a change of scenery, finding the perfect condo for rent in Singapore requires understanding the current market landscape, pricing trends, and strategic locations that offer the best value for money.
Singapore’s Condo Rental Market
The Singapore condo rental market has shown remarkable resilience and adaptation in 2025. Based on the active listings for rental condos on 99.co, the average rent is S$ 5.39K, though this varies significantly depending on location, size, and amenities.
The market has experienced rental prices increased by 0.3% in February 2025, with different regions showing varying trends.
Singapore’s Urban Redevelopment Authority (URA) divides the country into three main regions: Core Central Region (CCR): Encompasses prime districts like Orchard, Marina Bay, and River Valley. Rest of Central Region (RCR): Includes areas such as Tiong Bahru, Queenstown, and Katong. Outside Central Region (OCR): Covers suburban areas like Tampines, Jurong, and Woodlands.
Current Market Dynamics
The rental landscape in 2025 reflects a stabilizing market after years of post-pandemic volatility. The Singapore Property Rental Price Index dropped from 167.29 in Q4 2023 to 166.42 in Q1 2024, indicating a shift toward a more tenant-friendly environment.
This stabilization has created opportunities for renters to negotiate better deals and secure favorable lease terms for condo for rent in Singapore.
Prime Locations for Condo Rentals in Singapore
Core Central Region (CCR)
The CCR remains the most prestigious and expensive area for condo rentals. Districts like Orchard, Marina Bay, and River Valley offer unparalleled connectivity and lifestyle amenities.
Central areas near the Central Business District (CBD), such as Tanjong Pagar and Raffles Place, are ideal for professionals working in the city.
However, CCR: Experienced a slight decrease of 0.6% month-on-month in November 2024, reflecting a softening demand for prime locations. Popular CCR condos include:
- Marina Bay Residences
- The Imperial
- The Metz
- Various Orchard Road properties
Rest of Central Region (RCR)
The RCR offers an excellent balance between accessibility and affordability. Areas like Holland Village and East Coast are great for those who enjoy vibrant neighbourhoods with plenty of dining and recreational activities.
These locations provide easy access to both the city center and recreational facilities like East Coast Park. Notable RCR options:
- Tiong Bahru Estate (showing strong rental growth)
- People’s Park Complex
- Properties in Queenstown and Katong
Outside Central Region (OCR)
For budget-conscious renters, the OCR presents the most affordable options. Affordable condos for rent in Singapore are typically found in non-central areas such as Woodlands, Sengkang, Punggol, Jurong West, and Choa Chu Kang.
These areas offer lower rental rates while still providing good connectivity via MRT and bus networks. Emerging OCR hotspots:
- Sengkang and Punggol (new town developments)
- Jurong West (proximity to business parks)
- Woodlands (affordable family-friendly options)
Rental Price Ranges and Trends
Studio and One-Bedroom Units
Studio apartments and one-bedroom condos remain popular among young professionals and expatriates. A CCR one-bedroom condo can go for USD$2500 to $3,200. In less central areas, prices can start from as low as S$1,500-2,000 monthly.
Two and Three-Bedroom Units
Family-sized units command higher rents, with an average of $3,860 per month affordable for many family tenants in certain developments like Woodgrove. Premium locations can reach S$8,000-12,000 monthly for well-appointed three-bedroom units.
Luxury Properties
High-end condos in prime locations can command premium rents. Spacious units in sought-after areas can reach up to S$ 112K on rents, particularly for penthouses or exceptionally large units with premium amenities.
Factors Affecting Rental Prices
Location and Connectivity
Proximity to the city center, a lot of condo for rent in Singapore are found in business districts, and amenities significantly impacts rental prices. Properties near MRT stations typically command 10-20% higher rents than those requiring bus or car transportation.
Property Age and Condition
Newer developments with modern amenities tend to attract higher rents. The fact that all of the fixtures and fittings are in excellent condition makes a new apartment appealing.
Properties completing their Temporary Occupation Permit (TOP) in 2025 offer the latest in design and technology.
Facilities and Amenities
Condos offering extensive facilities such as swimming pools, gyms, and security services may have higher rental rates. Full-facility condos typically command 15-25% premiums over basic developments.
Market Supply and Demand
Fluctuations in the availability of rental units and the number of prospective tenants can influence prices. The completion of new projects can temporarily ease rental pressure in specific areas.
Where to Find the Best Condo Rental Deals
Property Agents and Specialists
Working with experienced property agents like those at aesthetichavens.com.sg can provide significant advantages.
Aman is a dedicated realtor with ERA Realtors, specializing in various aspects of the real estate market, including private residential properties, new launches, commercial and industrial transactions, business takeovers, and the rental market.
Professional agents offer:
- Market insights and negotiation expertise
- Access to exclusive listings
- Assistance with documentation and legal requirements
- Post-rental support and maintenance coordination
Direct Developer Rentals
New developments offer opportunities to rent directly from developers, often with promotional packages and flexible terms. TOP Condo developments have the advantage of allowing people to settle in more quickly.
Latest Hotel Developments Influencing the Rental Market
Singapore’s hospitality sector continues expanding in 2025, which indirectly affects the condo rental market by providing alternatives for long-term stays:
Luxury Hotel Openings
Mandai Rainforest Resort by Banyan Tree. The 4.6 ha nature resort consists of 338 rooms (from $393.27/night) and 24 luxury pod-shaped treehouses (from $1,025/night) provides a unique nature-based accommodation option.
The Laurus is set to be Singapore’s first-ever resort under The Luxury Collection, a brand by Marriott International, scheduled to open in Q3 2025 with 183 suites.
Business-Friendly Hotels
The Grand Hyatt Singapore offers a total of 699 refreshed guest rooms and suites, a wide choice of restaurants and bars, a spa, a pool, and a gym after its extensive renovation.
The Mercure ICON Singapore City Centre offers a total of 989 modern guest accommodations and features six dining venues, an outdoor swimming pool, a gym, and a wellness deck.
Boutique and Lifestyle Hotels
New boutique openings like The current Fort Canning Hotel will be fully renovated and rebranded into the Mett Hotel Singapore, from 1st October 2025 provide alternative accommodation options for those seeking hotel-style services with extended stay flexibility.
Negotiation Strategies for Better Rental Deals
Timing Your Search
The rental market shows seasonal variations, with certain periods offering better negotiation opportunities for condo for rent in Singapore.
As we transition from a landlord’s market towards a more tenant-friendly one, the effects of rent moderation will likely be felt first in areas further from the city centre and locations with an influx of newly completed units.
Lease Duration Considerations
Landlords often prefer longer leases, typically one to two years, although shorter-term options may be available for serviced condos. Offering longer lease commitments can often secure better monthly rates.
Multiple Unit Developments
In developments with multiple available units, landlords may be more flexible with pricing to secure tenants quickly, especially in newer developments seeking to establish occupancy rates.
Legal and Practical Considerations
Tenancy Agreements
Thoroughly review the tenancy agreement, paying attention to clauses on rent, duration, and termination. Understanding your rights and obligations prevents future disputes.
Additional Costs
Factor in additional expenses beyond monthly rent:
- Utilities (electricity, water, gas)
- Internet and cable services
- Maintenance fees (sometimes shared)
- Security deposits (typically 1-2 months’ rent)
- Agent commissions (if applicable)
Property Inspection
Visit multiple condos to compare conditions, amenities, and overall value. Document the property’s condition before moving in to avoid deposit disputes.
Investment Perspective: Rental Yields
For property investors considering purchasing condos for rental income, understanding yield potential is crucial. The average gross rental yield of 3-bedders, across Singapore, is three per cent.
Future Market Outlook
Singapore’s condo rental prices in 2025 are expected to be influenced by multiple factors, including economic conditions, interest rates, housing supply, and demand from expatriates.
The market outlook suggests continued stabilization with potential for modest growth in prime locations.
Most landlords and agents agree that, with housing supply stabilising after Covid, the rental market is set to soften, creating opportunities for tenants to secure better deals through careful timing and negotiation.
Conclusion
Finding the perfect condo for rent in Singapore in 2025 requires a strategic approach that considers location preferences, budget constraints, and market timing.
The current market conditions favor tenants, with rental prices stabilizing and new supply entering the market.
Whether you’re seeking a luxury penthouse in the CCR or an affordable family unit in the OCR, understanding the market dynamics and working with experienced professionals like those at aesthetichavens.com.sg can help you secure the best possible deal.
The key to successful condo rental in Singapore lies in thorough research, flexible timing, and professional guidance.
With the right approach, you can find a property that not only meets your immediate needs but also provides excellent value in one of Asia’s most dynamic cities.
Frequently Asked Questions
1. What is the average rental price for a condo in Singapore in 2025?
Based on the active listings for rental condos on 99.co, the average rent is S$ 5.39K. However, prices vary significantly by location, with CCR properties commanding premium rates while OCR areas offer more affordable options starting from S$1,500-2,000 for smaller units.
2. Which areas offer the best value for condo rentals in Singapore?
Affordable condos for rent in Singapore are typically found in non-central areas such as Woodlands, Sengkang, Punggol, Jurong West, and Choa Chu Kang. These areas offer lower rental rates while still providing good connectivity via MRT and bus networks.
3. How long are typical lease terms for condo rentals in Singapore?
Landlords often prefer longer leases, typically one to two years, although shorter-term options may be available for serviced condos. Longer lease commitments often result in better monthly rental rates and more favorable terms.
4. What additional costs should I expect when renting a condo in Singapore?
Beyond monthly rent, tenants should budget for utilities (electricity, water, gas), internet services, security deposits (typically 1-2 months’ rent), and potentially agent commissions.
5. Is the Singapore condo rental market favorable to tenants in 2025?
Yes, as we transition from a landlord’s market towards a more tenant-friendly one, the effects of rent moderation will likely be felt first in areas further from the city centre and locations with an influx of newly completed units.
