Singapore Property Rental Costs: Direct Answers for Renters
Renting a property in Singapore involves several costs beyond just the monthly rent. As of 2025, median monthly rents for private residential units have stabilized, following a brief period of decline and subsequent recovery. According to URA data, the island-wide private rental index recorded a 0.4% year-on-year growth in Q1 2025, with regional variations: the Core Central Region (CCR) saw a 1.9% annual increase, while the Rest of Central Region (RCR) experienced a 7.3% rise[1][3]. Median rents for a three-bedroom condominium in prime districts (e.g., District 2) are about S$6,800/month, while one-bedroom city center units typically range from S$2,500 to S$4,000/month[2][5].
Beyond the base rent, renters must budget for security deposits (usually 1–2 months' rent), agent fees (if using an agent), utilities, and property maintenance—all significant factors in overall affordability. Homejourney provides transparent, verified property information and guides renters through each step, ensuring user safety and trustworthiness remain paramount throughout the rental process.
How This Cluster Supports the Main Pillar
This article is part of Homejourney’s comprehensive guide to the Singapore property market, offering actionable insights on Property Insights, market data, and safety-first rental practices. For a full overview of buying, renting, and investing in Singapore property, see our main pillar content. This cluster focuses specifically on the costs and practical steps involved in renting, connecting you to in-depth guidance on market trends, regulations, and safe transaction tips.
Breakdown: Key Costs of Renting in Singapore
1. Monthly Rent and Market Variations
- Prime Central Districts: S$6,800/month (3-bedroom condo, District 2)[2][3]
- City Center (1-bedroom): S$2,500–S$4,000/month[5]
- Outskirts/Heartlands: Typically 20–40% lower than city center
- Public Housing (HDB flats): Generally S$2,000–S$3,000/month for 3-room units (not covered in private sector index)
Rental rates are influenced by location, property type, size, and amenities. The Rest of Central Region and Outside Central Region have shown stronger rental growth compared to the Core Central Region, reflecting changing tenant preferences and supply dynamics[1][3].
2. Security Deposit and Advance Payments
- Security Deposit: Typically 1 month’s rent for a 12-month lease, 2 months for longer leases (refundable, subject to property condition)
- Advance Rental: Usually 1 month’s rent paid upfront
- All payments should be made to verified landlords or agents—Homejourney verifies all listings for your protection
3. Agency Fees
- Tenant’s Agent Fee: If you engage an agent, typical charge is half a month’s rent for a 1-year lease, or one month’s rent for a 2-year lease
- Homejourney recommends using verified agents only, ensuring transaction transparency and user safety
4. Utilities and Maintenance
- Utilities: S$150–S$400/month (water, electricity, gas, internet), depending on property size and usage
- Aircon Servicing: Regular maintenance is required, typically S$30–S$50 per unit per quarter. For trusted aircon servicing, see Aircon Services
- Repairs: Tenants are usually liable for minor repairs (e.g., below S$150 per incident), while landlords cover major repairs
5. Stamp Duty and Administrative Fees
- Stamp Duty: Payable on rental agreements above 4 years or with high rental value (calculated as 0.4% of total rent for the contract period)
- Administrative Fees: Some developments may charge move-in/out fees or require insurance
Actionable Steps for Cost-Effective, Safe Renting with Homejourney
- Set a Realistic Budget
- Include rent, deposit, agent fees, utilities, and regular maintenance in your calculations
- Use Homejourney’s Property Search and Property Search tools to filter by budget and preferred regions
- Compare Market Data
- Consult Projects Directory for up-to-date project-specific rental rates and trends
- Review recent market data from trusted sources like Straits Times Housing News and EdgeProp Property News
- Verify All Listings and Agents
- Homejourney verifies every listing and agent, so you can rent with confidence
- Always review agent credentials and look for CEA registration
- Understand Lease Terms
- Clarify duration, renewal options, and break clauses
- Check specific obligations for repairs, maintenance, and reinstatement
- Plan for Ongoing Maintenance
- Schedule regular aircon servicing—see Aircon Services for vetted providers
- Keep records of all maintenance for potential deposit recovery
- Stay Informed on Regulatory Updates
- Rental regulations can change; Homejourney keeps users updated through verified property insights
Singapore Rental Market: Trends, Yields, and What to Expect
Rental yields in Singapore average 3.29% in 2025, with the strongest yields (up to 4%) in District 2 and other central locations[4]. While yields may appear moderate compared to other global cities, Singapore’s property market is known for stability and long-term value retention. Increased supply and a 10% vacancy rate in the Core Central Region have contributed to rent moderation in 2024–2025[2][4].
Homejourney’s platform emphasizes transparency by providing verified rental listings, market data, and neighborhood guides. For more on Singapore’s unique districts and lifestyle amenities, see our Property Insights articles: Explore Leisure and Wellness in Singapore with Homejourney , Explore Geylang's Best Hawker Food with Homejourney , and Explore Aljunied: Top Things to Do Near Aljunied MRT Station | Homejourney .
Frequently Asked Questions: Renting Costs in Singapore
What is the average rent for a condo in Singapore in 2025?
The median monthly rent for a three-bedroom condo in prime districts is about S$6,800, while one-bedroom units in the city center range from S$2,500–S$4,000[2][5].
What upfront costs should I expect when renting?
Expect to pay 1–2 months’ security deposit, 1 month’s advance rent, possible agent fees, and stamp duty if applicable. Always verify payment details with Homejourney’s trusted platform.
How much should I budget monthly for utilities and maintenance?
Utilities typically cost S$150–S$400/month. Regular aircon servicing may add S$30–S$50 per unit per quarter. Tenants are usually responsible for minor repairs.
Are there hidden costs renters should watch for?
Check for administrative fees (e.g., move-in/out, insurance), clarify maintenance responsibilities, and ensure all terms are in the lease agreement. Homejourney’s verified listings help minimize surprises.
How do I ensure my rental transaction is safe and secure?
Always use verified listings and agents through Homejourney, confirm agent CEA registration, and never make payments to unverified parties. Homejourney’s platform is built for user safety and trust.
Take the Next Step with Homejourney
Understanding rental costs is essential to making confident property decisions in Singapore. Homejourney’s Property Insights and verified tools help you navigate every stage—from budgeting to safe transactions and ongoing maintenance. For a complete guide to the Singapore property market, visit our main pillar content and start your safe, trusted rental journey today.
References
Disclaimer
The information provided in this article is for general reference only. For accurate and official information, please visit HDB's official website or consult professional advice from lawyers, real estate agents, bankers, and other relevant professional consultants.
Homejourney is not liable for any damages, losses, or consequences that may result from the use of this information. We are simply sharing information to the best of our knowledge, but we make no representations or warranties of any kind, express or implied, about the completeness, accuracy, reliability, suitability or availability of the information contained herein.