Property for Rent Near Millennia Institute

As of 2025, the average price for rental rooms in Singapore is S$3,107, a slight increase from S$3,083 in 2024. Over the past three years, rental prices have experienced a notable growth of 33.34%. In 2025, the average rental price for condominiums reached S$5,084 per month. Rental rates varied based on unit size, with 1-room units going for around S$3,393, while 2-room apartments averaged S$4,361. Those looking for more space paid about S$5,939 for a 3-room unit, S$9,703 for a 4-room, and S$13,444 for a 5-room condo. Meanwhile, HDB flats remained a more budget-friendly option, with an overall average rent of S$3,107. 1-room flats were the most affordable at S$1,733, followed by 2-room units at S$2,265 and 3-room flats at S$2,730. Larger HDBs such as 4-room flats rented for S$3,220, while 5-room units went for S$3,452. Executive flats commanded an average of S$3,654, and multi-generational flats were priced at S$3,330. For those looking at landed HDBs, rental prices averaged S$9,708 per month.

The rental market in 2025 is likely set for further increases, influenced by a decrease in the supply of newly completed units (TOP). The Urban Redevelopment Authority (URA) reports that the total number of private residential units expected to achieve TOP will fall from 10,561 in 2024 to 6,316 in 2025. This decline in supply is expected to create upward pressure on rental prices as demand exceeds availability. Coupled with predicted interest rate cuts, this situation could strengthen both the HDB and condominium rental markets. As renters find fewer options, competition for available units is likely to intensify.

When renting a property in Singapore, understanding the rental deposit is crucial for a smooth leasing experience. The rental deposit serves as a security for the landlord, ensuring that the property is well cared for and that the tenant is committed to the lease agreement. Here’s what you need to know about typical rental deposits in Singapore. Typical deposit amounts HDB flats: For HDB flats, the standard practice is to pay a deposit equivalent to one month’s rent and the 1st month of rent when you collect your keys. This amount is often collected when you sign the lease agreement. Private properties: For private apartments and condominiums, the deposit can vary. Generally, it ranges from one to two months’ rent. Some landlords may ask for two months' deposit, especially for longer lease terms or if the property is newly renovated.

When renting a property in Singapore, one common question that arises is whether utilities are included in the rental price. The answer can vary depending on the type of rental arrangement you choose. Here’s a breakdown to help you understand what to expect. Private properties In most private residential properties, utilities such as water, electricity, and gas are typically not included in the rental price. Tenants are usually responsible for setting up their own accounts with utility providers and paying these bills separately. This setup allows for greater flexibility, as you can manage your usage based on your lifestyle and preferences. HDB flats For HDB flats, the situation is similar. Utilities are generally not included in the rent. Tenants will need to register for utility services and handle payments independently. HDB tenants can expect their utility bills to be quite manageable, especially with the variety of options for energy-efficient living.

There are 12689 + Condos for Rent in Singapore available on 99.co.

There are 2974 + HDB Flats for Rent in Singapore available on 99.co.

There are 1621 + Landed Property for Rent in Singapore available on 99.co.

There are 296 + Executive Condos for Rent in Singapore available on 99.co

Use our price range filter to find properties that fit your budget. We offer diverse options from budget-friendly HDB flats to luxurious condos.