Dublin's most expensive area to rent in has been revealed

A new survey of rental prices in the city shows huge divergences between neighbourhoods

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Chris Bacon / PA

Dublin’s Spencer Dock has been revealed as the most expensive area to rent in, according to a price survey along the city's rail lines.

Average rent in the area in North Wall which sits next to the International Financial Services Centre (IFSC) and across the Liffey from Grand Canal Dock is over €1,800 a month.

Renters on the green Luas line pay an average of 14% more than their cross-city red line counterparts according to the research carried out by property site Daft.ie.

The average rent on the green line which runs south from St Stephen's Green is €1,444 per month - Charlemont on the Grand Canal is the most costly location, with average rents of €1,642.

Rent prices on the Dart line are slightly lower, at €1,418 - where the south coastal suburb of Sandymont is the most expensive location for renters - the average price is €1,791.

Dalkey (€1,743), Lansdowne Road (€1,722), Sydney Parade (€1,721) and Grand Canal Dock (€1,684) are other areas demanding high monthly payments.

The five locations with the lowest rents were all located on the red Luas line - Cheeverstown (€869), Citywest Campus (€971), Fettercairn (€997), Belgard (€1,025) and Saggart (€1,035).

"These maps showing average rent by rail station reveal interesting patterns, for example how much more people pay in rent for a two-bedroom when living close to the city centre or the coast," economist Ronan Lyons said, commenting on the report.