Property prices for rent in Paranaque (Rizal)

The rent prices in real estate in Paranaque, in the Rizal region have risen considerably in the last couple of months. There has been a strong rise in the rent prices this city.

₱ 44,436.33
Average price last 6 months
₱ 317.43
Price/m² last 6 months
Average price per m2

The price per m² in Paranaque has risen strongly during the last 6 months. In September, the average price per m² was ₱ 247. In the following month the price per m² fell considerably to ₱ 63. The price for the following two months in (November, December) had a considerable rise of 203 %. The price per m² has had a considerable rise of 206 % in the last two months compared to the average price for the previous four months. This was obtained by comparing the first four months of the period going from a price per m² of ₱ 234.75 to ₱ 482.78 during January, and February.

Average price

When referring to the price in Paranaque (cities), this has risen considerably in the last 6 months. In our first sample month during September, the average price is ₱ 22,977. In October This price remains at ₱ 23,976. During the following two months (November, December) the average price had a considerable rise of 163 % with regard to the previous two months. Based on an analysis of the first four prices and the last two months the average price has had a strong increase of 232 % during the last two months.

Average price per bedrooms

The graph displaying the average rent price for bedrooms illustrates that those properties with 2 bedrooms are the most affordable ones. At a price of ₱ 125,000 they are 73 % more affordable than the average price for Paranaque . The properties with the lowest average price have 1 bedroom, Their price is 66 % more affordable than the average. After that we have properties with 2 bedrooms priced at ₱ 33,411.

With regard to the average price per m², those properties with 1 bedroom are the most affordable ones at a cost of ₱ 124 / m², with an average ₱ 255.56 / m² price in Paranaque. The properties with the most expensive average prices have 2 bedrooms. They are 111 % more expensive than the average followed by properties with 1 bedroom with a price at ₱ 124 / m².

Price per property type

The graph displaying the average rent prices displays the property type "Apartment" as the most affordable one. At an cost of ₱ 125,000 it is 85 % more affordable than the average price in Paranaque. "House" is seen as the second most affordable property type. The most affordable property is "Condominium" followed by "House". At a price of ₱ 19,720 it is 73 % more affordable than the average price.

According to the average cost per m², the least affordable property would be "Apartment" at an average price of ₱ 461 / m² followed by "House" priced at ₱ 486 / m². "Condominium" is the most expensive type of property with a ₱ 540 / m² value followed by "House" with an average price of ₱ 486 / m².

Charts data
Average price February
Average price per m² February
Number of properties used in Paranaque
Number of properties used in region Rizal
₱ 125,000
₱ 255.56
** Graph's data with null or zero value are due to there isn't enough data available to get a reliable value