In recent years, Danang has drawn a lot of attention to its modern lifestyles and abundant working opportunities. Danang Rental Market has also undergone radical changes, offering a wide selection of accommodation catering for various needs and budgets. This article will give you an overview of the market as well as helpful tips to find the perfect rental house for your long-term stay.
How beautiful Danang is! (Photo from Enzo Creation)
General Trend of Long Term Rentals Da Nang Market 2019
During 2018 and 2019, Long Term Rentals Da Nang Market has experienced significant fluctuations. The market has witnessed a surge in all kinds of rental properties. A large number of apartment houses and villas have been constructed for leasing, especially in the area of Ngu Hanh Son, Son Tra District. The number of one-bedroom apartments for rent is estimated to have risen by more than 40 percent, while the increase of studio apartments and two-bedroom apartments is nearly 40 percent and 20 percent respectively.
This surge in supply has resulted from the consistent growth of demand in the market. For the past few years, Danang has proved itself an attractive destination for foreigners who seek long-term settlement in Vietnam and this trend remains the same for 2019. The most noticeable rise comes from Korean, whose demand for rental properties is reported to have doubled. Meanwhile, demands from Western and Chinese customers experience sustainable growth.
Generally, there is a difference of 20% to 50% between rental prices for specific locations and the average market price. Areas favored by expatriates are An Thuong Streets, Pham Van Dong Area, My An Area, and Crown – Da Nang Casino surrounding area. Therefore, rental properties in these areas are relatively more pricey.
An Thuong Streets Area is close to My Khe Beach, which is globally recognized as one of the most beautiful beaches in the world. The area is surrounded by various facilities such as building and hotel complexes, restaurants and spas, developed to meet the rising demand of tourists. It is connected with other parts of the city through strategic roads, making it absolutely convenient for transportation. As we have noticed, this area is the most popular choice for Western renters.
(An Thuong Area – My Khe Beach – Da Nang, Vietnam)
Pham Van Dong is considered one of the main roads of Da Nang and one of the icons of Son Tra District. The street connects the city center and the coastal area of Da Nang, attributing to the economic growth of the East side. Pham Van Dong area is a good choice for those who wish to enjoy Da Nang scenic beaches (including Pham Van Dong and My Khe Beach) and the dynamic atmosphere of a rapidly developing area. Normally, it is the most chosen area of Korean tenants.
Crown International Club is one of the seven casinos that have received official permission for operation in Vietnam. The popularity of the casino with Chinese tourists has made the surrounding area prevalent with foreign people, particularly Chinese tenants.
Check out Popular Rental Area in Son Tra
Besides location factor, Danang Rental Market, especially service apartment segment, is also affected by seasons.
The peak tourist season of Da Nang is usually from the end of March to the end of August when many people come to the city for their summer holiday. Compared with the low season (from September to the end of March), the average price of all services in the high season are often higher by 20 to 30 percent.
While most landlords prefer long-term leasing, many serviced apartments are also utilized for short-term leasing during the high season. The rental price for one-bedroom apartments is about 700 thousand dongs to 1 million dongs per day; for two-bedroom apartments, the daily charge is around 1 to 2 million dongs. Supporting services, such as receptionist, security and cleaning service, are normally included in the price.
Ocean view apartments and houses are particularly favored by foreign tenants, which makes their price 15 percent higher than the average. These apartments and houses are within striking distance of the city’s stunning beaches (My Khe Beach, Pham Van Dong Beach, Bac My An beach) and other facilities such as restaurants, spas, and minimarts. While most foreigners work in the city center, they tend to choose coastal areas on the East Side for accommodation.
(Seaview studio apartment by My Khe Beach – $700/month)
Different Types of Danang Rental Properties: House, Apartment, Villa For Rent
Each segment of the market varies depending on the features offered. The following information will help you thoroughly understand each one and become a smart tenant.
If you are looking for spacious, budget-friendly accommodation, rental houses are a perfect choice. The houses are fully equipped with basic amenities, including bedroom, bathroom, living room, kitchen and dining room, as well as garden and parking space. For those who decide to settle down for a long time, you can negotiate with the landlord for even more furniture before moving in.
The rental price will depend on the house’s size, location, and interior, ranging from 15 million dong to 30+ million dong. For example, a 3-bedroom house in Ngu Hanh Son District with adequate facilities will cost around 20 million dong. With an average size of 60 to 90 square meters and 2 to 3 floors, this type of house is suited for nuclear families or small groups of friends.
For those staying alone or couples, a 1 or 2-bedroom house may be more ideal. However, hunting down such houses can be more difficult as they are constantly in high demand. The rental price for this type is around 10 and 15 million dong.
Larger houses, with more than 3 bedrooms, are also available. These are suitable for both large groups living together and businesses setting their offices. Hence, rental prices for these are noticeably higher than the aforementioned ones. A 5-bedroom house, with usable area of 200 square meters and above, in Ngu Hanh Son District, costs approximately 35 to 40+ million dongs per month.
One crucial point to remember when renting a house in Da Nang is that you will have to pay monthly bills for electricity, water, internet, cable TV, etc.
- The price of fiber optic internet that each household needs to pay each month is about 200,000 VND for a 20Mbps speed package; 250,000 VND for a 30 Mpbs speed package; 400,000 VND for a 40 Mbps package, etc. For more details, you can refer to the internet price list bellow: The 5th column is the fee per month, the 6th is the fee if you pay 6 months in advance, last is if you pay 12 months in advance.
- The cost of water is not to worry about because it is often very cheap – only about 6.000 VND/m3. Averagely, a family of 4 pays around under 100,000 VND – appx $4,5 a month for their water consumption.
- The electricity rate is generally cheaper than that in a rental apartment. You can refer to the price list here: Wholesale Electricity Tariff. Of course, this electricity you will depend on whether you use air conditioner, and others more or less. But let me summarize the average, like this. If you stay in a 1-bedroom apartment for 2 persons with air-conditioner in the living room, then you pay about VND 400,000 / month – $17.5 per month, 2 bedrooms less than VND 600,000 / month – $26 per month. A 2 bedroom house about under $40 per month. So it’s quite cheap here in Viet Nam.
Apartments or serviced apartments for rent in Da Nang are generally considered more expensive than rental houses. Usually parts of multi-story buildings, these apartments are not large in size (around 30 to 50 square meters), but are stylish in design and equipped with modern amenities; making them suitable for those living alone or couples.
The conveniences provided with these apartments include cleaning service (daily or 1 to 2 times per week), free parking lot, swimming pool, free water, cable, and Internet, etc. Shared amenities in the buildings are elevators, fire alarm systems, parking space and sometimes laundry areas.
It is important for tenants to enquire landlords about the services provided with the apartments. Often, tenants are required to pay for electricity usage, with an average charge of 3,500 to 4,000 dong per kWh, while water, Internet and cable are free of charge.
Da Nang Apartment Prices.
Pricing for this segment varies a lot. Normally, a studio apartment with full furniture costs around 6 to 8 million dongs per month; a one-bedroom apartment is slightly more expensive, at about 9 to 11 million dongs; and for a two-bedroom apartment, the price is 13 to 16 million dongs.
Luxurious apartments with 5-star standards are also available for long-term leasing. Luxurious apartments, also known as serviced apartments, are the combination of apartment convenience and hotel-standard facilities and services. These properties are equipped with modern, top-quality appliances and the services are more than the basic ones provided in regular rental apartments. Staying in these apartments, tenants can enjoy 5-star standard gyms, spas or restaurants, to name a few. Many of them are located in Son Tra District, the bustling area of Danang surrounded by spectacular beaches and other recreational facilities. The price for studio or one-bedroom apartments is 15 to 20 million dongs while the price for two-bedroom ones ranges from 20 to 30 million dongs.
(A serviced 4-star apartment in City Center – $1,100/month all fees included)
Rental house vs. Rental apartment: Which one should you choose?
First-time tenants in Da Nang are usually confused when they have to decide a rental house and a rental apartment. Of course, both contain advantages and disadvantages and understanding the differences between these two is crucial to making the right choice.
First thing to consider is the services and utilities that come with the rental property. For a rental apartment, a package of services and utility charges are usually included in the rental price. The basic services provided in apartments for rent in Da Nang are security and receptionist, daily or weekly cleaning service, facilities for physical training such as gym or swimming pool. Such amenities, however, are usually not available in rental houses. Also, if you opt for houses for rent in Da Nang, you are often responsible for paying monthly utility bills and maintaining the house in good condition. For example, in case equipment in your rental apartment is broken, the landlord can immediately send in technicians to fix the device, meanwhile, if you stay at a rental house, you may have to wait for a long time before receiving technical support or sometimes, have to fix the broken equipment on your own.
The next thing that separate rental house and rental apartment in Da Nang is the availability of shared space. For sociable people, rental apartments would be more desirable because the shared space gives them more opportunities to meet and get to know others. By contrast, common space may be displeasure for people who prefer privacy. If that’s your case, a rental house would be a better option.
Thirdly, there are usually more rules and restrictions in rental apartments than in rental houses in Da Nang. This is because landlords of rental apartments have to ensure not only the quality of rental properties but also the satisfaction of everyone living in the building. Some common distinctions are more thorough background checks (including checks on tenants and other people coming to visit them in their apartment) and prohibition of pets (this does not apply to all rental apartments, but you should enquire landlords in advance to avoid any potential conflicts).
Finally, comparing the living space and rental price, apartments for rent in Danang are noticeably more expensive than houses for rent. This is due to the more conveniences that come with a rental apartment, which we have explained above. Taking your budgets, preferences and actual demands into account is necessary for finding the suitable rental property.
Rental villas comprise the luxury segment of the market. The villas are diverse both in sizes and designs. From mini 2-bedroom villas with an area of 100 square meters to 8-bedroom ones with an area of over 300 square meters, the market offers a wide selection of rental properties, satisfying tenants’ varied demand. A villa can be a good choice for people seeking high-quality long-term accommodation, companies setting their offices or those wishing to enjoy their vacation in Da Nang.
(A Villa For Rent in Da Nang – $3,100/month)
The difference between villas and houses lies in design, equipment standard and surrounding area. Many villas are exquisitely designed with modern, classic charm or a blend of those two. Also, they are furnished with high-grade amenities. Finally, the surroundings are often vast garden covered by green grass, trees and flowers carefully trimmed and pruned by landlords. This spacious area allows renters to organize gatherings outdoor and immerse themselves in nature for relaxation.
Based on location, size, and facilities, rental price can go from 40 million dong to 100 million dong per month. A 4-bedroom villa with inside swimming pool in Ngu Hanh Son District costs around 60 to 70 million dongs per month. A 6-bedroom one can be notably more pricey, costing 80 to 90 million dong per month.
Rent To Rent Houses in Da Nang
Rent to rent house is the emerging segment in the current Da Nang rental market. This type of house consists of several rooms inside (around 7 to 13), with each room adequately equipped with basic amenities. This house is particularly suited for those planning to conduct hostel, homestay or apartment renting business in Da Nang. Depending on location, the number of rooms and furniture quality, the price can range from 50 to 100+ million dongs/month.
Finding the ideal accommodation is not something you can take care of in a day. A thoughtful and thorough process of research, consideration, and selection is required, especially for a constantly changing market like the Danang Rental Market.
Through this article, we want to provide you with realistic, up-to-date information about the market, which will help you avoid serious mistakes in choosing your rental home. Hopefully, you will find the perfect place and enjoy your stay in the city!
Danang Rental Market 2018 (Past info)
In general, rental prices in Danang are getting higher and higher over time. But 2018 has seen more twists and turns than ever in the real estate market in general and the rental market in particular. For example, the rental prices in 2018 are 10%-15% higher than in 2016.
So, if you paid $600 to rent a house in 2016, you now need to spend $660-$690 for that same house. Of course, you are may still find a great deal with some good luck or the help of acquaintances, but your chances are not what they used to be.
There are two significant reasons for this growth: the rapidly increasing demand for accommodations in Danang and the vast potential of the city’s real estate market. Some factors significantly contribute to these two changes.
Da Nang is developing at lightning speed, offering plenty of amenities and ideal jobs for people from different educational backgrounds, especially freelancers and “white-collar” workers.
Besides, foreigners who love this city and wish to well here long term have an excellent career choice – especially teaching languages and related jobs. Moreover, Da Nang is very well-known as a safe place to live with beautiful beaches.
Besides, Danang is one of a few cities in Vietnam that possesses both beautiful mountains and romantic coastlines. Not mention many large-scale entertainment centers, interesting heritage sites, important eco-tourism areas, high-quality international schools, shopping centers, and so on. These outstanding advantages attract tourists to come to Danang to enjoy a good time. Many tourists fall in love with this city, and some of them decide to settle down here.
Usually, the demand for rental properties on the East Side (My Khe Beach, Pham Van Dong Beach, Bac My An Beach) is higher than market in the city center. That’s because most expatriates work in the city center but prefer to live near the beaches, especially My Khe beach, Pham Van Dong Beach, My An Beach which are the most beautiful beaches on the planet. The ex-pats’ areas are An Thuong – My Khe Beach, Bac My An Ward, Ngu Hanh Son District.
This is the reason why houses and villas for rent near the beach areas, namely Son Tra and Ngu Hanh Son Districts, are relatively pricey – about 25% higher than comparable rentals in the city center, namely Cam Le District and Hai Chau District. For example, a house for rent situated in the heart of the city usually costs about $600 while the price can go up to $750 for an equivalent rental on the East Side.
Different Types of Danang Rental Market: House, Apartment, Villa For Rent
Each segment of the market varies depending on the features offered. To become a smart tenant, you’ll want more detailed information as follows.
One advantage of leased Houses in Danang is that they are spacious. They often have 3-5 floors, 1-5 bedrooms, 2-4 bathrooms, a living room, a kitchen, and a terrace, as well as a garage on the ground floor for parking car or motorbikes. These houses usually have an area of 100 sqm or more. If you’re looking for a living place with lots of space and more privacy, a house would be a perfect choice.
Most houses for rent are fully furnished or have essential amenities. If you decide to settle down for a long time, you can negotiate with the landlord to equip your house with even more furniture. The price for a fully furnished one-bedroom house varies between $350-$500 per month or about $500-$700 for a two-bedroom house, depending on the location and the interior of the house.
For example, a 2-bedroom house in Nam Viet A Urban Area – Ngu Hanh Son District with the area of 100 sqm offers one garden yard, one living room, two bedrooms, 2 bathrooms is about $600/month.
Two Bedroom House For Rent in Da Nang
Another modern 2 bedroom house for rent in My Khe Beach, Ngu Hanh Son can be about $700/month, this kind of house normally was rented very quick, Korean are really like this kind of house style.
A 2 Bedroom House for Rent in Da Nang (Code 1123)
However, hunting down 1 or 2 bedroom houses to rent can be more difficult than finding 3-4 bedroom houses because smaller houses are in high demand with reasonable pricing and space that is ideal for a single person or a couple.
Prices increase for houses with more bedrooms, about $600 and $900, respectively for a three-bedroom and four-bedroom house. These kinds of house are obviously larger with more rooms, interior and this explains the higher prices.
An example, a 3 bedroom house for rent in My An area, My Khe Beach about 220 sqm living area includes 2 floors, 1 front yard, 1 living room, 1 kitchen, 3 bedrooms, 2 bathrooms, and balconies. Full furniture about $650/month.
A $1000/month three bedroom house for rent in Da Nang, Son Tra will look like this:
3 Bedroom House for Rent in Da Nang
Video of this 3 bedroom house for rent in Da Nang
You can check this house here: https://houserentaldanang.com/properties/beautiful-3-bedroom-house-for-rent-in-son-tra-danang/
Another thing to keep in mind is that if you rent a house, you will have to pay bills for electricity, water, internet, cable TV, etc.
Apartments or serviced apartments are generally in multi-story buildings in the rental market although they’re usually not large. Also, they are often considered modern, come fully furnished and are more expensive accommodations than ordinary houses. Luxury apartments in Da Nang for rent such as Azura apartment, Monarchy apartment, HAGL Apartment, Indochina Riverside Apartment, Novotel Apartment, Danang Plaza Apartment, FHome Apartment…
Serviced apartments often provide daily cleaning (or free cleaning service 1-2 times/week) and other amenities (such as swimming pools, urban gardens, gym centers, children play areas, garages, free WiFi, 24/24 security, etc.). An elevator is often available; parking is in the basement. Often shared space on the top floor (called skyline) is where tenants can hold a party or enjoy a spectacular view of the city.
With a full provision of amenities, this segment’s pricing is quite high and varies a lot. It can cost about $300 for studio apartments, $400 for one-bedroom apartments, $550 for two-bedroom apartments, and higher prices for more rooms. For instance, an ordinary studio apartment has an area of about 30 sqm, while a one-bedroom apartment is about 40 sqm or more and things get larger when it comes to two-bedroom apartments of about 70 sqm.
For example A standard $300 studio for rent in Da Nang by the beach will look like this:
Studio For Rent In Da Nang (Code 1450)
My Khe Beach – My An – Ngu Hanh Son
A standard $400 1-bedroom apartment for rent in Da Nang by My Khe Beach will look like this:
1-Bedroom Apartment For Rent In Da Nang (Code 1436)
If you want a studio apartment Da Nang you can check this one.
And a standard $500 2-bedroom apartment for rent in Da Nang by the beach will look like this:
2 Bedroom Apartment Beachside For Rent (Code 1421)
Ho Nghinh – Pham Van Dong Beach – Son Tra
The prices will match up with the floor area of the apartment. Pricing also depends on the location, quality, services, facilities, etc. For the paying in advance, almost landlords here they asked for 3 months in advance, but few apartments you can pay monthly rental da nang.
Apartment tenants often have to pay the electricity bill at an average rate of 3,000 – 3,500 VND/kW/unit (about 13 U.S. cents). Regarding the water bill, it will be free or cost a reasonable amount of about 100.000 VND/month.
Villas constitutes the luxury segment in the rental market. Villas available for rent may consist of 3 to 6 bedrooms, 3 to 6 private toilets, a luxurious living room, a large fully-equipped kitchen, not mention to a spacious yard, garden, garage, swimming pool, kitchen play area and many other high-grade amenities.
A distinguishing feature of rental villas is their design which is typically beautiful. The design concept can be modern, classic, or the blend of these charms. The surrounding area is usually a large garden covered with green grass, as well as plenty of trees and flowers planted and taken care of by the landlord.
Another big difference between villas and houses for rents is that the land area around the villa can be up to 300-5000 sqm with nice, open and spacious gardens.
And, of course, the pricing varies starting at a very high range, about $1000/month for a two-bedroom villa, like this one:
2-bedroom Villa For Rent in Da Nang (Code 1329)
Location: My Khe Beach – My An – Ngu Hanh Son District
Or a three-bedroom villa for rent in Da Nang, city center area about $1400/month with a large garden. The villa’s total area is 205 sqm. This newly-built villa consists of a garden, garage, three bedrooms, three bathrooms, 1 living room, one kitchen, 1 working room and an area for relaxing on the third floor. Details:
Beautiful Garden Villa For Rent in Da Nang (Code 1280)
City Center – Hai Chau District
Tour Villa For this Beautiful Garden Villa For Rent in Da Nang
Villa is having a pool and 3-4 bedrooms on the East side like: The Ocean Villas Da Nang, Premier Village Danang Resort, Furama Villas Danang, Montgomerie Links Villas, Pullman Danang Beach Resort, Hyatt Regency Danang Resort …cost about $2,000/month or more.
Finding the ideal accommodation is very important, especially for long-term rental tenants. It is not something you can take care of in a day — you need to go through a thoughtful and thorough process of researching and consideration. And in the very first phase of research, what you need to put pay attention to the realities of the market – in this case, the Da Nang Rental Market 2018.
Being fully information-equipped about this issue will help you avoid fatal mistakes in choosing your rental home. Hopefully, our information will help you make a great choice!
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