Property prices for rent in Paranaque (Rizal)

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

₱ 26,682.33
Average price last 6 months
₱ 394.32
Price/m² last 6 months
Average price per m2

The price per m² in Paranaque has had a strong fall during the last 6 months. In February, the average price per m² was ₱ 711.9. In the following month the price per m² fell considerably to ₱ 248.01. The price for the following two months in (April, May) had a considerable fall of 13 with regard to the previous two months. The price per m² has had a considerable rise of 235 % 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 ₱ 271.99 to ₱ 639 during June, and July.

Average price

When referring to the price in Paranaque (cities), this has risen considerably in the last 6 months. The average price during our first sample month during February, is ₱ 18,333. During March the price went through a considerable rise reaching ₱ 23,000. During the following two months (April, May) the average price had a considerable rise of 116 % 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 158 % during the last two months.

Average price per bedrooms

The graph showing the average price for bedrooms displays the property with the most expensive price has 1 bedroom. It is 8 % more expensive than the average price of ₱ 19,860 in Paranaque. Based on the bedrooms values, properties with the most expensive rent prices are those with 1 bedroom. They are 8 % more expensive than the average aforementioned.

With regard to the average prices per m² those properties with 1 bedroom are 31 % more affordable than the average price of (₱ 493 / m²) in Paranaque. Properties with the most affordable price when referring to the number of bedrooms / m² are those with 1 bedroom. They are 31 % more affordable than the average value aforementioned.

Price per property type

The graph displaying the average rent prices displays the property type "Apartment" as the most expensive one. At an cost of ₱ 18,314 it is 6 % more expensive than the average price in Paranaque. "House" is seen as the second most expensive property type. The most expensive property type is "Condominium" followed by "House". At a price of ₱ 19,660 it is 8 % more expensive than the average price.

According to the average cost per m², the most affordable property is "Apartment" at an average price of ₱ 468 / m² followed by "House" priced at ₱ 483 / m². "Condominium" is the most affordable type of property with a ₱ 493 / m² value followed by "House" with an average price of ₱ 483 / m².

Charts data
Average price July
Average price per m² July
Number of properties used in Paranaque
Number of properties used in region Rizal
₱ 18,314
₱ 711
36
34,026
** Graph's data with null or zero value are due to there isn't enough data available to get a reliable value