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Danang Rental Market 2018

Posted by admin on March 22, 2018
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In recent years, Da Nang has successfully marketed itself an exceptional spot in Vietnam, a symbol of new lifestyles. More and more people wish to settle down there. The Real Estate Danang Rental Market has undergone profound changes in recent years. If you want to learn more about rentals in Danang, this article is the way to go!


General Trend of the Danang Rental Market 2018

Rental Price

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 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 major reasons for this growth: the rapidly increasing demand for accommodations in Danang and the great potential of the city’s real estate market. A number of 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.

In addition, foreigners who love this city and wish to well here long term have a very good career choice – especially teaching languages and related jobs. Moreover, Da Nang is very well-known as a safe place to live with beautiful beaches.

Danang Rental Market 2017

How beautiful Danang is! (Thank Jonathan Sayeb – www.enzocreation.com for your great photo!)

Besides, Danang is one of a few cities in Vietnam that possesses both beautiful mountains and romantic coastlines. Not mention to many large-scale entertainment centers, interesting heritage sites, impressive 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.

Location

Normally, the demand of for rental properties on the East Side (My Khe Beach, Pham Van Dong Beach, Bac My An Beach) is higher than demand 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 expats’ 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.

1. Houses For Rent in Da Nang

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 basic 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 1 garden yard, 1 living room, 2 bedrooms, 2 bathrooms is about $600/month.

Two Bedroom House For Rent in Da Nang

Location: Nam Viet A Urban Area – Ngu Hanh Son

 The beautiful and spacious house with the area of 100 m2 offers 1 large green garden, 1 living room, 1 kitchen, 2 bedrooms, 2 bathrooms. Full interior: TV, wardrobe, washing machine, air-con,…(HOUSE TOUR VIDEO BELOW)

 In front of the house, there is a 30m2 concrete garden patio paving slabs with areca palms, water lily pots and a row of bamboo trees. Elegant living room has no furniture yet, but the landlord will equip before tenants move in. Next to the living room is a modern design kitchen featuring spacious kitchen cabinets, a dual sink, a microwave, an electric stove along with cooker hood system. Furthermore, due to the elegant color of the kitchen, tenants can always feel the kitchen clean and therefore tenants will much enjoy when cooking. Relish a hearty meal with your family or friends around the beautiful dining table

 The house has 2 bedrooms (1 big bedroom and 1 small bedroom) with ensuite bathrooms and concealed closets. The big bedroom has a high-quality steam cooling fan, a wall mounted TV, a dressing table and a big door leading to a small space outside the bedroom. And finally, there are 2 clean bathrooms with freestanding glass showers.

 The house is in a quiet and secure area with many trees surrounding. Near the river, Thep Viet Stadium. Many expats are living in this area.

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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)

Location: My Khe Beach – Ho Xuan Huong Street Area – My An – Ngu Hanh Son

New built 2-bedroom house with modern Western-style designed by a great Da Nang Landlord

This fully furnished house is in a quiet and secure area.

The house has 2 floors and small front yard, you can easily park car and children can play there.
– On the first floor, there is a beautiful living room connecting with kitchen.
– On the second floor, there are 2 bedrooms with big windows, you can get light and fresh air.

It’s not only suitable for those who want to relax their mind but also an ideal working space.

Rental Price: $700/month (Longterm Rental)

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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.

3 Bedroom House for Rent in Da Nang (Code 1340)

Ho Xuan Huong Area – Vo Nguyen Giap Street

 The beautiful house in the area of 116 sqm includes 2 floors, 1 front yard, 1 living room, 1 kitchen, 3 bedrooms, 2 bathrooms, and balconies. Full furniture: TV, sofa, beds, fridge, air-conditioners, … (HOUSE TOUR VIDEO BELLOW)

 1st floor: first of all, there is a large front yard with durable gate which makes it safe for tenants to park bikes. Coming inside there is a roomy living room with comfortable soft sofa, TV along with nice speaker system. Next to the living room is a modern kitchen featuring large kitchen cabinets, gas stove along with kitchen hood, fridge, cooking utensils and a nice dining table. And 1 great, convenient bedroom and 1 toilet.

 2nd floor: 2 spacious, airy bedrooms with full furniture: beds, sheets, closets,… The front bedroom with a window and balcony providing plenty of sunlight and fresh air. And the back bedroom has ensuite bathroom and TV. At the back of this floor, there is a laundry area which is full of light and air.

? The house is in a quiet and secure area with convenient location which is close to the beach ( 5 minutes walk), near many restaurants, coffee shops, services for expats,…

? Rental Price: 15 mil/month – Appx $600/month (Long-term Lease )

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A $1000/month 3 bedroom house for rent in Da Nang, Son Tra will look like this:

3 Bedroom House for Rent in Da Nang

Pham Van Dong Beach – Son Tra District

? The house in the area of 100m2 features 2 floors with 3 bedrooms, 2 bathrooms, 1 kitchen, 1 living room, and a garage. Full furniture before tenants moves in. The house has received a comfortable and elegant treatment in terms of furnishings and color scheme, allowing for tenants to feel at home.

 1st floor: a small front yard and many trees surrounding the house creating the airy and green living space for tenants and a small garage for parking. The landlord will equip TV, sofa for the living room when tenants move in. The large and modern kitchen features wood cabinets, dual sink, dining table, electric stove,…And 1 bedroom has a bed, television, spacious closets, and big glass door allowing a plenty air and light into the bedroom. 1 bathroom with bathtub.

 2nd floor: 2 spacious bedrooms have many large windows let in plenty of light and cool air and full high-quality furniture, there is a big balcony with a beautiful view overlooking the street. And 1 shared bathroom with ensuite glass enclosed shower. 

? The house is in a quiet, airy area. 250m from the sea, nearby many restaurants along Vo Nguyen Giap Street.

? Rental Price: 23 mil VND/month – Appx $1000/month (Long-term Rental Lease)

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/

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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.

  • 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 30Mpbs speed package; 400,000 VND for a 40Mbps package, etc. For more details, you can refer to the internet price list here.
  • The cost of water in Vietnam is not worried because it is often very cheap – only about 6.000 VND/m3. If each person spends 50,000 VND/month on water, a family of 4 members will have to pay 200,000 VND/month for their total 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

2. Apartments / Serviced Apartments For Rent in Da Nang

Apartments or serviced apartments are generally in multi-story buildings in the rental market although they’re usually not large in size. Also, they are often considered as 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

 Area of 30 sqm is suitable for one person or a couple. Full furniture; cable TV, internet are available.

 The bedroom is equipped with a bed, soft mattress and pillow which help you feel comfortable and relax. There are a dining table, cable TV, and a wardrobe. A balcony in the front rooms. Security lock door with magnetic card.

 There is a yard for cars in the ground floor, cleaning service once a week, laundry service two times a week. The tenants only pay for electricity fee with 3000VND/Kwh, other services are free.

 Nice and friendly homeowner. 5 minutes walk to the beach, near the Dragon Bridge, the bustling area of many foreigners.

 Rental price: $310/month – Appx 7 million VND/ month.

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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)

Location: Nguyen Van Thoai Street – My Khe Beach – My An Ward – Ngu Hanh Son District

? The 1-bedroom apartment is only 400m to the beach. It takes about 10 minutes drive to the center, big road, close to Mart, Gym, Pub, Massage, Bar, Restaurant and Coffee Shop.

 The apartment with a living room, a big kitchen and a bathroom. Full furniture and equipment in the room such as wooden furniture, TV, wifi, air condition, water heater, spring-mattress bed, refrigerator and work desk …

 Free services: the maintenance of the building, internet and TV cable, 24/7 security camera, water, private washing machine, fiber internet cable and motorbike park inside.

? Rental price: $400/month (Long-term lease)

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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 spacious apartment with 70 sqm of living space, on a high floor of an apartment building and includes a living room, a kitchen, 2 bedrooms, 2 bathrooms and a laundry area. New, functional furniture.
A neat living room with a nice sofa, a kitchen with a lovely dining table. A laundry area is separated from the living space. 2 bedrooms with full of natural light and cool breeze.
Brand new furniture, elevator included, the parking area is on the ground floor. There are two-bed drapes which you can change and wash.
? The apartment building is in a nice, friendly residential area. Close to a park with fresh air and safety where you can go jogging or do exercises.
? Lovely price: 11 mil VND/month – Appx $500/month. (Long-term Lease)

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The prices will match up with the floor area of the apartment. Pricing also depends on the location, quality, services, facilities, etc.

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). In terms of the water bill, it will be free or cost a reasonable amount of about 100.000 VND/month.


Villas For Rent in Da Nang

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

 The outstanding 90m2 house is uniquely designed with the perfect blend of modern and classic charm. The house offers 2 bedrooms, 2 bathrooms, 1 living room, 1 kitchen, and a spacious verdant garden surrounding the house. Full high-quality furniture: refrigerator, washing machine, hot water, cable TV, internet … (HOUSE TOUR VIDEO BELOW)

 In front of the house, there is a spacious yard with the beautiful green fescue grass and rows of green trees and bamboo trees along the yard. There are 2 unique table sets in the yard where tenants can sit drink coffee or tea with family members and friends on the beautiful landscape and immerse yourself into nature by taking a deep breath or doing exercise in the morning.

 Curling up on the comfortable sofa and enjoy a good book in a modern and elegant living room. The kitchen is well-equipped for cooking your favorite meals. Enjoy your meal around the dining table or in the garden.

 2 lovely, cozy bedrooms with private toilets. 1 bedroom has double beds and large window with the view of bamboo trees row. And a large bathroom with a bathtub, an enclosed glass toilet, a big mirror and a large wardrobe.

 Spacious dwelling half-story equipped with TV, bean bag chairs where your friends or guests can stay overnight. At the back of the house, there is a 100m2 garden which is an ideal place to plant trees, vegetables and flowers.

The house is in a clean, cool, quiet area, 5-10 minutes walk to the beach. Many foreigners live, many restaurants, bars, cafes, hotels, and other foreign services. many expats are living in this area, a lot of restaurants, bars, cafes, hotels, and other foreign services nearby.

Rental Price: 23 mil VND/month – Appx $1000/month (Long-term lease)

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Or a 3 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 garden, garage, 3 bedrooms, 3 bathrooms, 1 living room, 1 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

 The villa’s total area is 205 sqm. This newly-built villa consists of garden, garage, 3 bedrooms, 3 bathrooms, 1 living room, 1 kitchen, 1 working room and an area for relaxing on the third floor (HOUSE TOUR VIDEO BELOW)

 First floor: spacious and green garden with a lot of trees and a fish pond creating the feeling of immersing yourself in nature, living room with large and comfortable sofa, TV,…, a fully equipped kitchen and a bathroom.

 Second floor: 2 bedrooms and 2 bathrooms. Bedrooms have many windows which help bring light and fresh air.

 Third floor: 1 bedroom, 1 bathroom, 1 working room and balcony area with nice view.

 The villa is located in nice, friendly residential area and near a local market, supermarket, cafe shops. 200m to Nguyen Tat Thanh Beach.

 

Tour Villa For this Beautiful Garden Villa For Rent in Da Nang

 

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Villa having a pool and 3-4 bedrooms on the East side like: The Ocean Villas Da Nang, Premier Village Danang ResortFurama Villas Danang, Montgomerie Links VillasPullman Danang Beach Resort, Hyatt Regency Danang Resort …cost about $2,000/month or more.


Conclusion

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!

Copyright 2017 | HouseRentalDanang.com

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