This increase in the supply of rental properties has pushed rents downwards – falling 2.2% in the past three months.

While overall the cost of accommodation for students is falling this year, there are significant differences in rents across the country. Dublin-based students pay significantly more than those in college outside the capital – a student at DCU staying near the college will pay an average of €525 per month for a double room, while in Cork, UCC students will pay less than €400. In Limerick, UL students will pay on average €309 for a double room, while students at Trinity College will pay €649 for a double room in Dublin city centre.

Despite market conditions, Ronan Lyons, economist with Daft.ie, cautions students against waiting to late to pick their accommodation for the year. “While the number of rental properties available this year has doubled, demand is still strong. Students looking for good accommodation close to where they are studying need to act now as the best places will be taken quickly.”

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