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Condos for Rent in the Philippines

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Why Choose The Philippines

Condominium for rent Philippines

Thanks to its rich history, the Philippines has become a multi-faceted melting pot of different identities and cultures. Its Spanish, American, and Chinese influences can be seen every corner of its busy streets and even in the smiling faces of its people. Add to the Philippines' charm is its collection of dazzling sights. Anyone who's game for a holiday of adventure can find something worth treasuring in the Pearl of the Orient.

According to the Department of Tourism, the Philippines received more than twenty million tourists in 2016. With great tourism comes great opportunities. More and more expatriates stay and live amongst the locals. Investors from different sectors are dying to develop new projects that will later on become a source of income for many. This is the reason why the need for residential developments have been greater than ever before.

Condominium For Rent In The Philippines: Properties That Fit Your Lifestyle

More Filipinos prefer to rent than to buy property. It's not only because renting  is a more economical option than buying; our changing lifestyle can also be at fault. Work nowadays demand employees to move around the country making it hard for the Filipino worker to stay in a single place for a long time. Aside from this, Filipinos are culturally expected to live with their parents in their ancestral homes. Instead of buying a property and moving out, Filipinos often rent a place in the city but still come home to their parents' house every now and then.

A typical condo for rent in Manila can be found near business districts like in Makati or Taguig. High rise condominiums are everywhere in the city. These condominiums are filled with tons of exclusive amenities that anyone in the family can truly enjoy. The same goes for condominiums in Cebu City. As the central business district in Visayas, The Queen City of the South is filled with luxury condominiums fit for those who came to work and also for those who just wants to experience the city's beauty. Those who want to live near Metro Manila but want to get away from the hustle and bustle of the capital can opt to live in nearby provinces like Bulacan, Pampanga, Laguna, and Cavite.  

But why choose to rent a condominium unit than to lease a house and lot? Here are some reasons why:

1. Rent for condominiums are cheaper than house and lot

2. Condominium developments are very accessible since these are located near MRT and bus stations

3. Safety and security

4. Exclusive access to the development's amenities (i.e. swimming pool, gym, etc.)

5. Easier to maintain than a house since property managers are the ones who handle maintenance

6. Allows residents to enjoy a work and play lifestyle

Finding the perfect condominium to rent is easy since the pool of projects in Metro Manila can cater to anyone's need. Condo in Manila monthly costs an average from P10,000 to P50,000. The price depends on the location, amenities, and number of square feet. You can cut down your costs by sharing a unit with a roommate or by choosing a property located in a nonprime area. Meanwhile, condominium for rent in nearby provinces like Bulacan and Laguna can cost up to P5,000 to P10,000 per month.

Whether you choose to buy or rent a condominium, rest assured that the Philippines has something in stored for you. Aside from condominiums, the country also offer townhouses, house and lot, lands and other real estate opportunities that you can't simply say no to.

Metro Manila condo Market insight

The median list price for condos in Metro Manila is ₱ 10,143,658. The median list price has gone down by 0.6% over the last year. The median list price per square meter for condos in Metro Manila is ₱ 210,819 per sqm.
The median rent price for condos in Metro Manila is ₱ 60,309.
The gross rental yield on condos in Metro Manila is 7.1%.
Dot Property Philippines is an online property portal where thousands of property searches happen every day. Start your search today for affordable property for rent in Philippines from 101,480 available listings. Condominiums, houses, townhouses, villas, commercial space, and luxury properties are available for rent in Philippines. Philippines’s properties for rent are either listed by private home owners or property agents such as . Refine your search to help you find the perfect Philippines property by price and number of bedrooms.