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Average Rent in Manila (2026)

Monthly rental prices for studios, 1-bedroom, 2-bedroom, 3-bedroom and larger apartments in Manila, Philippines. Updated April 2026.

Avg. Gross Yield
5.8%
per year

Monthly Rent by Apartment Type

Unit Type Min (PHP) Avg (PHP) Max (PHP)
Studio 12,000 20,000 35,000
1 Bedroom 18,000 32,000 60,000
2 Bedrooms 30,000 55,000 100,000
3 Bedrooms 55,000 100,000 200,000
4BR / House 100,000 200,000 500,000

All prices in PHP per month. Data represents 2026 market averages.

Rent by Neighbourhood in Manila

BGC / Fort Bonifacio
Premium CBD
Very High
PHP 55,000 / month (1BR avg)
Makati CBD
Business
High
PHP 45,000 / month (1BR avg)
Ortigas Center
Commercial
High
PHP 28,000 / month (1BR avg)
Pasay / Bay Area
Entertainment
Medium
PHP 25,000 / month (1BR avg)
Quezon City
Mid-market
Medium
PHP 15,000 / month (1BR avg)

Manila Rental Market Overview

Metro Manila's rental market is anchored by BGC (Bonifacio Global City), Makati CBD, and Ortigas. Expat and POGO (offshore gaming) demand has softened but local professional demand remains strong. Condominiums dominate the rental market.

Key Insights for Landlords

  • Standard: 2 months advance + 1 month deposit = 3 months rent upfront.
  • Association dues (condo fees) range from PHP 50–150/sqm per month — separate from rent.
  • Rent Control Act (RA 9653): max 7% increase for units below PHP 10,000/month.
  • BGC has the highest yield potential among premium areas — strong expat demand.
  • PEZA-registered BPO companies drive corporate housing demand near IT parks.

Manila at a Glance

Country 🇵🇭 Philippines
Currency PHP
Population 13.5M
YoY Rent Change +3.1%
Avg Gross Yield 5.8%
Studio (avg) PHP 20,000
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Frequently Asked Questions

What is the average rent in Manila in 2026?

The average rent in Manila ranges from PHP 20,000/month for a studio to PHP 100,000/month for a 3-bedroom apartment. A 1-bedroom apartment averages PHP 32,000/month.

Are rents in Manila increasing?

Rents in Manila are stable with a year-on-year change of +3.1%. Metro Manila's rental market is anchored by BGC (Bonifacio Global City), Makati CBD, and Ortigas. Expat and POGO (offshore gaming) demand has softened but local professional demand remains strong. Condominiums dominate the rental market.

What is the rental yield in Manila?

The average gross rental yield in Manila is 5.8% per year. Use our rental yield calculator for Manila to estimate returns for specific properties.