How Much is Condo Rent in the Philippines?

If you’re looking for a residential space for rent in Metro Manila, condominiums are one of the most popular choices. While condo living sounds like a dream come true, understanding the associated costs helps you set realistic expectations and budget wisely, so you don’t struggle to make ends meet.

This blog explores how much is condo rent in the Philippines, from the initial costs of signing a lease to monthly expenses like utilities and more.

Factors That Affect Condo Prices

Condo rental prices in the Philippines vary depending on several factors. Here are the main things that influence how much you’ll pay:

1.    Location

When it comes to buying, selling, renting, or investing real estate, we often hear the phrase “Location, location, location.” Condos in prime areas like BGC, Makati, or Ortigas are usually more expensive compared to those in the outskirts or developing areas. Being close to workplaces, malls, schools, and public transport raises the price. While condominiums in the most sought-after locations are generally pricier, you can still find units that are just stone’s throw away from the heart of the bustling city but at a lower cost. But if location is your top priority, you can expect rent prices to be higher.

2.    Amenities

Condominiums with pools, gyms, function rooms, 24/7 security, and concierge services naturally cost more. These perks are great, but they come at a higher price. Sometimes this is included in the rent, and sometimes as additional dues.

3.    Developer <h3>

Condos built by well-known or high-end developers tend to cost more because tenants are willing to pay a premium for reliability, better construction, and superior maintenance. High-quality developments often feature durable materials, thoughtful design, and well-maintained amenities, which enhance tenant comfort and reduce issues like repairs or safety concerns.

4.    Moving in and Out Costs

Don't forget deposits, advance rent, and possible move-in fees charged by the condo management. These upfront costs can add up and should be factored into your total budget.

5.    Daily Living Expenses

Your expenses don’t stop after you sign a lease agreement and move in. Beyond rent, you’ll need to budget for groceries, dining out, transportation, and other lifestyle costs. Condo living in central business districts might also mean higher prices for food and services.

6.    Condo Type

Smaller units like studios or one-bedrooms are generally cheaper than two- or three-bedroom units. The floor level and location of the unit itself can also affect the rental price. The higher the floor of the condo, the more expensive you can be charged. Corner units also cost more than units along the hallway, since corner units are typically more spacious and secluded, offering more privacy.

7.    Association Dues

These are monthly fees paid for the upkeep of shared spaces and building amenities. They're usually charged per square meter and may or may not be included in the rent.

8.    Utility Bills

Electricity, water, internet, and cable TV are often paid separately by the tenant. Air-conditioning use, especially during summer, can spike electric bills. It really depends on your consumption, and it becomes your responsibility to pay on time.

9.    Lease Agreement Terms

Longer lease terms might come with discounted rates, while shorter ones could be more expensive. It’s important to clarify the details with your landlord before signing.

10. Furnishing

Furnishing also influences rental rates. If the unit is unfurnished, you will have to start from scratch and purchase the appliances and furniture pieces you need. Furnished condos are pricier, but at least you don’t have to worry about shopping for basic items. In this situation, the unit is ready for occupancy and livable. It’s up to you if you want to do some upgrades, as long as your contract permits.

How Much to Rent a Condo in the Philippines: Price Guide

Now that you know the factors that could affect pricing, we’ve curated a general estimate of how much is condo rent per month. Note that these are just estimates, and pricing still vary depending on the landlord or condo management.

·         Studio Units: Can range from around ₱12,000 per month to ₱50,000+ per month

·         One-Bedroom Units: Can range from around ₱20,000 per month to ₱80,000+ per month

·         Two-Bedroom Units: Can range from around ₱40,000 per month to ₱200,000+ per month

Budgeting for Condo Rent

When setting a budget for condo rental, it would help you to ask the following questions:

1.    What type of rental property do I need and want? 

There are many types of residential spaces for rent, but the most common options are apartments and condominiums. Think about which type suits your lifestyle, needs, and preferences best. Check out our blog to learn about the differences between an apartment vs. condominium.

2.    What percentage of my income should go to rent?

Ideally, you shouldn’t spend more than 30% of your income on rent. Using this rule, you can quickly determine whether a condo unit is within your budget. While 30% is the sweet spot, you can still spend a bit more if you want to rent a high-end place to feel more fulfilled. We recommend this only if your income has a little wiggle room.

3.    Is the price worth it?

When asking how much is it to rent a condo, you don’t just think about the monetary value. You also need to consider your quality of life.

For instance, are you using the amenities provided? If the condo has a fully equipped gym and you plan on working out there regularly, that means you don’t need to pay monthly gym membership. You could channel that amount to rent instead, which gives you a bigger budget.

Location is also an important factor when choosing a condo for rent. The amount of expenses you spend on your daily commute and the time it takes to get to your destination might justify the pricier rental.

Experience Elevated Living at EDSA Heights

Ultimately, a renting a condo is worth it if you feel safe, at peace, happy, and content with the space. If you're searching for a condo that checks all those boxes and more, look no further than EDSA Heights.

EDSA Heights is a condo in EDSA Mandaluyong, located on the penthouse floors of AMA Residences Tower. EDSA Heights puts you at the center of everything—just minutes away from prestigious schools, upscale malls, and government offices. We offer a selection of spacious, beautifully designed bi-level and loft units that come fully furnished and fitted to provide the highest level of comfort.

Residents can enjoy scenic views of the city skyline from their units, as well as take advantage of premium amenities like a gym, swimming pool, and concierge service.

Contact us to inquire about our long-term and short-term leases!