Apartment rental prices in Ho Chi Minh City have unexpectedly surged.

(NLDO) - In many central areas of Ho Chi Minh City, a shortage of reasonably priced apartments has emerged, ending the period of long-term rental listings with few tenants.

Immediately after Decision 19/2026/QD-UBND, regulating the management and use of apartment buildings in Ho Chi Minh City, was issued about two weeks ago and officially came into effect on April 25th, short-term apartment rentals have become vibrant again.

The surge in demand has made the rental apartment market very attractive, driving rental prices up noticeably.

In many central areas of Ho Chi Minh City, a shortage of reasonably priced apartments has emerged, putting an end to the period of long rental listings with few tenants.

Over the past two weeks, rental prices in some areas have increased by 10%-25%. Compared to the same period last year, the common increase is around 25%, and in some places it has even reached 50%.

An apartment is advertised for rent.

Rental prices have risen sharply in key areas.

In a high-end apartment complex in Thanh My Tay ward, the rent for unfurnished apartments has increased from 21-22 million VND/month to 25-27 million VND/month. One-bedroom apartments currently range from approximately 18-19 million VND/month, depending on the section.

Ms. Minh Trang, a prospective renter, said: "Just a few weeks ago, the market was quite quiet, but in the last two weeks, the number of inquiries has skyrocketed. Many apartments I hadn't even had a chance to put down a deposit for were already rented out to others. The list of vacant apartments is now very scarce or the prices have been pushed up."

Ms. Bao Ngoc (a resident of Tan Thuan ward), a professional Airbnb business owner in the central area, said that the "boom" in new supply has recently emerged.

The reason is that many investors are returning to buy apartments at good prices for operation, making the market more vibrant.

In The Tresor area (Ben Van Don Street), a two-bedroom apartment that previously cost 19-20 million VND/month has now increased to approximately 25 million VND/month.

Three-bedroom apartments have increased in rent from 28 million VND to 31-32 million VND per month, with some even reaching 35 million VND. Compared to 2-3 weeks ago, the increase is about 10%-15%, and compared to last year, it has increased by more than 25%.

At the Soho Residence project (Cau Ong Lanh ward), the rent for a 2-bedroom apartment (85 m²) has increased sharply from 25-27 million VND to approximately 38 million VND per month.

In the Thao Dien area (An Khanh ward), rental prices continue to "climb," especially after the metro line became operational. The increase is no less than 30% over the past year.

Specifically, at the Thao Dien Green project (Nguyen Van Huong Street), a 2-bedroom apartment currently costs around 50 million VND/month, an increase of up to 50% compared to the same period last year. At Lumiere Riverside, a 3-bedroom apartment has also increased from 45-46 million VND to 53-54 million VND/month.

Pressure is increasing for businesses that rent out short-term properties.

According to Airbnb operators, short-term renters are primarily international tourists, who prefer central areas or within a 4-5 km radius of the city center, especially areas near metro lines for convenient transportation. This is why areas in District 1, District 3, and District 4 (formerly) always have high demand and sharply increasing rental prices.

However, rapidly rising rental costs are putting significant pressure on service businesses. Ms. Hang, an apartment owner, said: "If rental prices continue to rise, the profit margin from Airbnb will shrink considerably. Currently, the profit margin is only about 15%-20% after deducting operating costs (not including management fees). To maintain profitability, we are forced to consider increasing short-term rental prices for guests."

According to business experts, the upward price trend may continue in the short term, as demand recovers strongly but the supply of suitable apartments has not yet kept pace.

Source: https://nld.com.vn/gia-can-ho-cho-thue-o-tphcm-bat-ngo-tang-manh-196260425223153773.htm