Introduction

If you’re thinking of relocating to Phnom Penh, you’re probably wondering what the city is like and about the rental market. With rents becoming higher than ever, we’ve put together a brief guide for newcomers to help them find their feet in the city and find a place to live.

Also, being natives of Cambodia, we suggest newcomers rent apartments, villas, Borey, or condos through real estate agencies like IPS Cambodia. They are market leaders and trustworthy property agents to help you find the best rental property in Phnom Pehn, Cambodia.

1.  What Would It Cost To Rent In Phnom Penh?

The location is significant in Phnom Penh city, and the closer a property is to central districts such as BKK1 and Daun Penh, the rental increases. However, exceptions are there, and IPS Cambodia is ready to assist you in finding those secret places for rent in Phnom Penh.

The cost of rentals for newcomers in Phnom Penh can range from 400 USD every month (utilities + rent) to 2,000 USD every month (utilities + rent), based on the location, type of services and amenities, number of beds, and property.

A one-bedroom apartment in Phnom Penh may cost anything from 200 USD to 1000 USD per month, based on the facilities (or lack thereof), location, and property.

# You Are Required to Pay Security deposit in Phnom Penh.

Depending on the owner, rental deposits in Phnom Penh range from one to two months’ rent. Since there is no set guideline for a rental deposit, it is entirely up to the owner.

# Cost of Utilities in Phnom Penh

Rent prices do not end with the monthly rental in Phnom Penh. Utilities like water and electricity are included in the monthly expenses of renters.

# Water

Water is reasonably priced in Phnom Penh apartments. Apartments typically charge between 0.30 and 0.60 cents for each cubic meter, while the majority charge nothing at all.

# Electricity

In Phnom Penh, apartment rentals usually charge 1,000 KHR (0.25 cents US) per kilowatt-hour for electricity. Since electricity is very costly in Vietnam and Thailand, you must cut back on excessive consumption.

# Taxes on Rentals

In Cambodia, rental properties are subject to a fourteen percent withholding tax. Landlords, on the other hand, are commonly known to cover this.

It is worth noting that particular residences in the city are designated as serviced apartments. These types of establishments provide hotel-like services to their clients to varying degrees. The “management fees” of about 1 USD to 2 USD for each square meter are typically charged to support the upkeep of common areas such as lobbies, elevators, and swimming pools. High-end rentals, such as Silvertown Metropolitan and several other serviced apartments, typically impose management fees in Phnom Penh.

2.  Which Properties Are The Best To Rent In Phnom Penh For Newcomers?

Newcomers in Cambodia can rent any residential property, including big villas, linked houses, shophouses, and apartments. Now let us look at a few of the top properties for newcomers to rent:

Houses

In Phnom Penh, several landed houses are available for newcomers’ rental occupancy. The approximate rental rates for houses in Phnom Penh begin as follows:

• One-bedroom apartment is available for 250 USD.
• Houses with two bedrooms are available for 350 USD.
• Three-bedroom houses are available for 400 USD.

Condo or Apartment

In Phnom Penh, you may quickly locate Western-style apartments with ample spaces and modern conveniences. The approximate initial rental rates are as follows:

• The cost of a one-bedroom apartment is 200 USD.
• The apartment with two bedrooms is for 300 USD.
• The cost of a three-bedroom apartment is 400 USD.

For several newcomers in Phnom Penh, apartments are a popular alternative. They provide modern services and amenities and are frequently located in congested urban settings wherein newcomers can access essential modern conveniences such as restaurants, shops, malls, and supermarkets.

3.  Ideal Places For Rent In Phnom Penh

The best areas for newcomers to have rent in Phnom Penh are the following:

• Boeung Keng Kang (BKK)
• Chamkarmon
• Daun Penh

Conclusion

Are you a newcomer to Phnom Penh? Newcomers might not buy the landed property outright; however, they could lease or rent it. In Phnom Penh, landed properties, including linked houses, villas, townhouses, and shophouses, are available for rent. Although landed residences are up for rent in the city’s core districts, they are scarce and substantially more expensive than those in the city’s outer and semi-central districts.

You can get plenty of choices with IPS Cambodia, with a varied price range depending on the location, amenities, and other factors. Also, the guide above will help you get a brief picture of rent in Phnom Penh.