It can be difficult to move through Phnom Penh’s rental market especially if you are new to the market.
Recently, various areas in Phnom Penh have been progressing with a wide range of rental houses, like villas with larger areas, apartments which include basic amenities, shop houses and flats that can be converted either into a retail space or renovated into a modern home.
Among the 12 Phnom Penh districts, the potential of each area depends on geography, land price, and surrounding facilities that supports the resident’s lifestyle. Since rental agreements are usually at least for a one year period, you have to be sure that you research before signing a new contract. Realestate.com.kh has done the dirty work for your by digging through and compiling all the information you need for the popular areas in Phnom Penh.
Chamkarmon is currently the most popular residential area in terms of modern lifestyle and convenience. There are 12 communes in the Chamkarmon district as well. But the four that are the most popular are Boeung Keng Kang 1 (BKK1), Boeung Keng Kang 2 (BKK2), Boeung Keng Kang 3 (BKK3), and Toul Tom Poung. BKK1 is the most preferred residential area for both foreigners and locals.
What type of houses are for rent in Chamkarmon?
According to Mr. Roeun Veha of Pin Point Real Estate, there are three types of houses in the residential district of Chamkarmon. These include flat houses, apartments, and villas.
How much do property in this area cost per month?
The rental price of a flat in BKK1 costs between $700 to $1,800 a month. This is significantly higher than in the other top communes. A flat rental in BKK2, BKK3, and Toul Tom Poung ranges anywhere from the $300 to $1,300 per month range. Flats on the inside and flats along the main road vary in prices.
A one-bedroom apartment in BKK1 is at around $800, a two-bedroom apartment is usually more than $1,000, and a three-bedroom apartment costs anywhere from $2,500 to $3,000 a month.
Meanwhile, BKK2, BKK3, and Toul Tom Poung rental prices for a one-bedroom apartment go for as low as $300 to $400 a month.
Villas BKK1, especially along street 51 and 63, range from $1,500 to $10,000. Whereas in BKK2, BKK3 or Toul Tom Poung, the rental prices are likely to be between $1,000 to $6,000, says Veha.
Why is this a good location for rental?
BKK1, BKK2, BKK3, and Toul Tom Poung are brimming with restaurants, brand coffee shops, bars, karaokes, clubs, markets, malls, saunas, spas, fitness centers, national and international schools, high standard clinics, and hospitals. So if you want to live at the real heart of the city, where everything is happening, you should consider this area.
Learn more about Boeung Keng Kang through our BKK profile!
There are 11 communes in Duan Penh. Four of them are filled with locals and expats who are renting houses for short and long-term periods. These include Phsar Chas, Phsar Kandal1, Phsar Kandal2, and Sangkat chey chumneas.
What type of housing is available for rent in Daun Penh?
Flats and apartments are available to rent at any time in Daun Penh. Most of the rental house around this area are renovated second floor units or renovated flats that are suitable for rent.
What is the average renting price in this area?
Ms. En Chansreyleak -- the sale representative of Yong Yap Property – says that prices in the top four areas are similar. The rental price of a one-bedroom flat is $350 to $800, a two-bedroom flat goes for $450 to $1,500, and a three-bedroom flat is at $1,500 to $2,500 a month.
There are also a number of serviced apartments in the area such as the Season Apartments & Residence Co, Ltd and the Kiwi apartment. According to Ms Chansreyleak, a one-bedroom apartment unit ranges from $600 to $1,200 a month, a two-bedroom apartment is roughly $1,800 per month, and a three-bedroom apartment goes for up to $2,800 a month.
Why is this location good for rental?
This location is along the riverbank and is near the Royal Palace. There are also a number of establishments that are in the area such as restaurants, bars, coffee shops, night markets, and many more. All these features make this area attractive for tourists.
Toul Kork Location:
Property experts speculate that Toul Kork will become the new BKK in the nearby future. Today, more and more people are becoming attracted to it, especially because it will be the location where the Phnom Penh City Center will soon stand. The residential space in this area also has great potential for both residential and commercial purposes.
What type of properties are available for rent here?
There are currently three types of houses prominent in Toul Kork. These are villas, apartments, and flat houses. The prices for these keep fluctuating.
Check out the houses for rent in Toul Kork!
How much do properties in Toul Kork cost per month?
The rental price of for a flat can range from $300 to $1,500 per month.
A one-bedroom apartment can cost anywhere from $300 to $600 a month. Two bedrooms will set you back $800 to $1,000 per month.
The rental prices for villas in Toul Kork generally start from $800 and can go all the way up to $6,000 per month.
Why is this location good for rental?
Toul Kork is the new development area of the city. There are now many new commercial developments rising here. The residential market is also making a shift towards this area. Most importantly, it has easy access to the Phnom Penh International Airport.
Learn more about Toul Kork profile!
Are you a good negotiator?
When you want to rent a house in the city, even in popular locations like Chamkarmon, Daun Penh, Toul Kork or other areas, you must be sure of your budget.
Landlords will most likely demand a high price. However, you should always be ready to negotiate! Build rapport and ask for a discount or try your best to ask for additional services or furniture.
How to find Houses for Rent in Phnom Penh?
If you do not have a lot of time, you can immediately use realestate.com.kh to check and compare the prices of the properties you are interested in.
You could also consider relying on a real estate agent. It might save you some headache. Just make sure you do some research and pick a professional one! Don’t know where to start? Take a look at our agents list.