Condo for Rent in Singapore

Renting a condominium in Singapore is a popular choice among residents, expatriates, and professionals who seek a blend of convenience, luxury, and privacy. These private residential developments often feature modern amenities and are situated in both central and suburban areas, accommodating various lifestyles and budgets.

Condos in Singapore are renowned for their upscale facilities, which often include swimming pools, gymnasiums, 24-hour security, and sometimes additional perks such as tennis courts, BBQ pits, and function rooms. These features make them an appealing option for individuals or families desiring a comfortable and well-appointed living environment.

How much does it cost to rent a condo in Singapore?

The rental cost of a condo in Singapore is influenced by factors such as location, size, furnishing, and the amenities on offer. Prime areas like Orchard, Marina Bay, and Sentosa command significantly higher rents compared to suburban neighbourhoods such as Tampines or Woodlands. A studio or one-bedroom unit typically costs between S$2,500 and S$5,000 per month, while larger two- or three-bedroom condos range from S$3,500 to S$12,000. Luxury condos, particularly in prestigious areas, can exceed S$25,000 monthly.

Furnished condos are more expensive but provide move-in readiness, whereas unfurnished units allow you to customise the space according to your personal preferences. Additional costs to consider include agent fees, usually amounting to half a month’s rent to a full month’s rent, depending on the lease duration. Utility bills, internet services, and other recurring expenses should also be factored into your budget. Before moving in, it’s a good idea to review the inventory list provided by the landlord and document any pre-existing damages to avoid disputes later.

Latest Condo rental price trends

Condo rental prices edged up by 0.1% in April 2025. The Core Central Region (CCR) and Outside Central Region (OCR) saw rental increases of 0.3% and 0.5%, respectively, while prices in the Rest of Central Region (RCR) remained unchanged. On a year-on-year basis, overall condo rents rose by 2.5%, with gains of 1.6% in CCR, 2% in RCR, and 2.9% in OCR.

Rental demand also grew, with an estimated 6,088 units rented in April – up 2.7% from March. Compared to a year ago, volumes were 3.6% higher, although they remained 0.7% below the five-year average for April. In terms of regional share, OCR accounted for 34.1% of total rentals, followed by CCR (33%) and RCR (32.9%).

Key considerations when renting a condo

When renting a condo, the lease terms are an important factor to consider. Landlords often prefer longer leases, typically one to two years, although shorter-term options may be available for serviced condos. The location of the property is also critical. Central areas near the Central Business District (CBD), such as Tanjong Pagar and Raffles Place, are ideal for professionals working in the city. On the other hand, areas like Holland Village and East Coast are great for those who enjoy vibrant neighbourhoods with plenty of dining and recreational activities. Suburban areas offer more budget-friendly options while maintaining good connectivity via Singapore's efficient public transport network.

Once you have established your budget and requirements, you can begin viewing properties. Property viewings, whether in person, virtually, or through video walkthroughs, are essential to ensure the space meets your needs. Pay close attention to the condition of the unit, the functionality of appliances and facilities, and the quality of furnishings. Look out for maintenance issues or signs of wear and confirm that the neighbourhood is suitable for your lifestyle, particularly in terms of access to public transport, grocery stores, and schools.

Renting process and documentation

Once you’ve chosen a condo, the rental process typically begins with making an offer to the landlord. If accepted, the landlord may issue a Letter of Intent (LOI), which reserves the unit and outlines key terms such as the agreed rent, lease duration, and conditions such as requests for minor repairs or additional furnishings. This is followed by the signing of a Tenancy Agreement (TA), which formalises the rental arrangement. The TA includes details about the security deposit, monthly rent, and responsibilities for utilities and maintenance.

The security deposit is usually equivalent to one month’s rent for a one-year lease or two months’ rent for a two-year lease. This deposit is refundable at the end of the tenancy, provided there are no damages or breaches of the agreement.

Find the condo of your dreams

Renting a condominium in Singapore provides a harmonious blend of comfort, convenience, and exclusivity. With a clear understanding of the rental process and a well-defined list of priorities, you can find a home that suits your lifestyle. Whether you prefer the energy of central districts or the tranquillity of suburban enclaves, there is a condo in Singapore that will meet your needs and enhance your living experience. Let 99.co help you here! You will find an updated list of available condo properties for rent on our site, and a quick search should help you find what you need. Happy renting!