The Philippine real estate market has continued to grow even during the pandemic, and one of the driving factors is the growing demand for apartments for rent due to the work-from-home setup.
If you want to live in an apartment for rent, Metro Manila, Cebu, and Davao are among the best locations.
Apartments for rent have fewer maintenance costs and do not require additional fees such as real estate taxes, making them suitable for property seekers on a budget.
Air travel is possible for all three metro areas, while railway travel is currently only available in Metro Manila.
Despite numerous hurdles, the Philippines has experienced economic development for over a decade. Indeed, one could argue that the country's economic prowess is a result of the challenges it has encountered. Infrastructure, housing, and financial needs appear to have motivated Filipinos to work harder.
The rental market in the Philippines has continually thrived even during the pandemic. As of the current data available, apartments were on top for leads by property type in the first quarter of the year 2021. There has been an increase of 16.11% in 2021’s leads compared to the first quarter of 2020. Due to the prevalence of work-from-home setup, seekers are also looking for apartments for rent in leisure destinations with high-speed internet, such as Siargao, Bohol, Boracay, and Zambales.
You can learn more on Lamudi’s trend report titled The Outlook on the Residential Real Estate Market: Pandemic Spurs Digital Adoption in Boomers and Gen X in 1Q2021. If you wish to live in an apartment for rent, you should consider Metro Manila, Cebu, and Davao.
If you're looking for an apartment for rent in Metro Manila, look for studio-style rental apartments near these commercial establishments:
Because Cebu City, the oldest city, is located in Cebu, many job seekers and students flock to Cebu in search of better possibilities. Consider renting an apartment near these commercial establishments if you want to relocate to Cebu:
Due to the city's rising market value, a number of investors have started creating residential communities and mixed-use developments. If you want to experience a contemporary living experience in a rapidly developing location like Metro Davao, you might want to consider living in apartments for rent near these establishments:
In Metro Manila, shared apartments start at PhP 4,400, while one to two-bedroom apartments start at PhP 8,000 to PhP 10,000. Luxury apartments for rent start at PhP 45,000 monthly.
In Metro Cebu, an apartment for rent starts at PhP 6,000, and upscale apartments start at PhP 38,000.
In Metro Davao, a shared apartment starts at PhP 2,000, while the average cost of a typical one to two-bedroom apartment starts at PhP 10,000 to Php 14,000.
One of the most sought-after property types for rent is apartments. Living in an apartment for rent has several advantages, such as access to leisure facilities, having no repair bills, and not having to pay real estate taxes. If you feel like you have outgrown your apartment, you can just relocate to a new apartment. Most apartments for rent also offer fixed rental rates, making them suitable for those on a tight budget.
Ninoy Aquino International Airport (NAIA), Manila Metro Light Rail Transit (MRT), Philippine National Railway (PNR), Metro Light Rail Transit (LRT), cabs, jeepneys, buses, UV vans, tricycles, pedicabs, and ferries are all the public transportation available in Metro Manila.
Cabs, jeepneys, buses, UV vans, tricycles, pedicabs, and ferries are all available for those traveling around Cebu. If you are outside Cebu, you may opt for air travel via Mactan International Airport and then ride a van, cab, or bus going to Cebu City.
You can fly to Francisco Bangoy International Airport in Davao if you're visiting the city.
Cabs, jeepneys, buses, UV vans, tricycles, pedicabs, and ferries are also accessible in Davao.
Yes, there are apartments for rent with more than 3 bedrooms. A spacious 3-bedroom apartment can accommodate up to four people comfortably with enough room for furniture and personal belongings.
Yes, you can find plenty of apartments for rent below 30k. Depending on where you want to live, Php 30,000 a month for an apartment can go a long way.
Yes, you can find apartments for rent with wi-fi access. You won’t have to worry about setting up a wi-fi connection yourself when you rent an apartment that already comes with it.