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Published on December 15th, 2017 | by Val Sorohan

2017 Luas and Dart Rental Price stop map

Rents for two and three bedroom homes close to new Luas cross-city stops rose by 21% over the last year, compared to a 17% increase in average rents for homes on existing routes, new research from Daft.ie has revealed.

View the full map here.

We have today launched our 2017 DART & Luas stop-by-stop rental price maps, sponsored by KBC. The research which led to the creation of these maps analysed the average rental prices for properties close to (controlling for time, size and type) each of the 125 stops & stations in the Greater Dublin Area for the period between January and November 2017.

Commuters living on the Dublin coastline pay on average the most, with rents close to the Sandymount DART averaging €2,274 per month.

Rents near DART stations are among the most expensive with Pearse (€2,174), Lansdowne Road (€2,141) and Dalkey (€2,135) accounting for four of the top five most expensive stations to live by, on the new maps.

On the Luas, homes close to Spencer Dock on the red line command the highest average rents (€2,212), while those living close to the Charlemont stop (€2,042) pay most on the Luas green line.

Daft.ie also analysed the average rents for each stop on the new Luas cross-city line, which opened on Saturday. Properties close to the new Dawson, Trinity and Westmoreland stops came out on top, with average monthly rents of €1,968.

Commenting on the figures, Ronan Lyons, economist at Trinity College Dublin said, “As with properties for sale, it is clear that the new cross-city Luas stops have the potential to rejuvenate parts of the city previously poorly served by light rail. This can be seen in today’s rental figures for each station, with rents for two and three-bedroom homes rising by more, closer to the Cross-city stations than other stations, over the past year. The clear economic effect of such public investments will hopefully give policymakers food for thought, when thinking about how to finance transport infrastructure in the future.”

The figures shown are average rental prices for 2 &3 bed properties controlling for time, size and type for each of the stations on the Luas & DART lines. The sample of properties for rent comes from the period between January and November 2017.

Commenting on the data; Martin Clancy from Daft.ie said: “What is interesting is that while the DART has the highest rents for individual stations, the Luas green line and Cross-city have the highest average rents across all stops (both €1,770) with Luas green and cross-city line commuters paying a premium of €170 on average per month compared to the average rent on the red line (€1,600).”

Most expensive (All Stops & Stations)

  • Sandymount – €2,274
  • Spencer Dock – €2,212
  • Pearse – €2,174
  • Lansdowne Road – €2,141
  • Dalkey – €2,135

LUAS Green Line

  • Charlemont – €2,042
  • Milltown – €1,969
  • St. Stephen’s Green – €1,968
  • Central Park – €1,949
  • Cowper – €1,945

LUAS  Cross-city

  • Dawson – €1,968
  • Trinity – €1,968
  • Westmoreland – €1,968
  • O’Connell (both) – €1,892
  • Marlborough – €1,892

LUAS Red Line

  • Spencer Dock – €2,212
  • Mayor Sq – NCI – €2,053
  • Jervis – €2,005
  • George’s Dock – €1,996
  • Four Courts – €1,894

DART

  • Sandymount – €2,274
  • Pearse – €2,174
  • Lansdowne Road – €2,141
  • Dalkey – €2,135
  • Grand Canal Dock – €2,091

The figures shown are average rental prices for 2 &3 bed properties controlling for time, size and type for each of the stations on the Luas & DART lines. The sample of properties for rent comes from the period between January and November 2017.

 

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