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Siem Reap's rental market in 2025 shows strong performance with yields ranging from 7.13% to 8.16% for apartments. Average rents vary significantly by property type, with 1-bedroom apartments starting at $250 per month and luxury villas reaching $2,000 monthly in prime areas near tourist attractions.
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Siem Reap's rental market offers attractive yields of 7-8% for investors, with central locations commanding premium rents.
Both short-term tourist rentals and long-term expat tenants drive consistent demand across different property types.
| Property Type | Average Monthly Rent | Rental Yield |
|---|---|---|
| 1-bedroom apartment | $250-$300 | 7.13-8.16% |
| 2-bedroom apartment | $350-$500 | 7.13-8.16% |
| Modern condo (prime) | $600-$1,200 | 7.13-8.16% |
| House/Villa | $300-$2,000 | 7.13-8.16% |
| Commercial space | $600-$2,500 | Variable |
What's the current average rent for different property types in Siem Reap?
As of September 2025, Siem Reap's rental market shows clear pricing tiers based on property type and quality.
Standard apartments command $250-$300 monthly for 1-bedroom units, while 2-bedroom apartments range from $350-$500. Premium condominiums in prime locations near the Old French Quarter reach $600-$1,200 per month.
Houses and villas show the widest price variation, starting from simple landed houses at $300 monthly and extending to luxury villas with pools and gardens reaching $2,000 monthly. The average house rental falls between $650-$2,000 depending on size, amenities, and location proximity to tourist areas.
Commercial spaces including offices and shophouses typically rent for $600-$2,500 monthly, with significant variation based on foot traffic and business district proximity.
Guesthouses and homestays offer budget-friendly options with highly variable pricing depending on amenities and tourist season demand.
How do rents vary depending on location or neighborhood within the city?
Location dramatically impacts rental prices across Siem Reap's different neighborhoods.
Central Siem Reap areas including the Old French Quarter, Wat Bo, Sala Kamreuk, Wat Damnak, and Taphul Village command premium rents due to proximity to Angkor Wat, restaurants, and tourist infrastructure. Properties in these prime zones typically rent for 30-50% above suburban rates.
The Old French Quarter represents the highest-value rental zone, where modern condos and restored colonial properties attract both long-term expats and short-term tourists willing to pay premium rates for convenience and ambiance.
Suburban and outskirt areas offer significantly lower rents but provide larger properties and more space. These locations appeal to families and long-term residents who prioritize value over proximity to tourist attractions.
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What's the breakdown of average rents by property size and surface area?
| Property Type | Surface Area (mĀ²) | Average Monthly Rent |
|---|---|---|
| 1-bedroom apartment | 45-60 mĀ² | $250-$300 |
| 2-bedroom apartment | 65-85 mĀ² | $350-$500 |
| 3-bedroom apartment | 90-120 mĀ² | $500+ |
| Prime condo (1-bed) | 45-70 mĀ² | $600-$800 |
| Prime condo (2-bed) | 75-100 mĀ² | $800-$1,000 |
| Prime condo (3-bed) | 100-120 mĀ² | $1,000-$1,200 |
| Standard house | 120-200 mĀ² | $300-$650 |
| Villa with amenities | 250-500 mĀ²+ | $800-$2,000 |
What's the total monthly cost to a tenant once you factor in fees, taxes, and other charges?
Beyond base rent, tenants in Siem Reap face additional monthly costs that typically add $50-$200 to their total housing expenses.
Security deposits usually equal one month's rent and are required upfront. Utilities including water, electricity, and WiFi typically cost $50-$150 monthly for apartments, with houses potentially reaching higher amounts due to larger spaces and pool maintenance.
Most rental contracts don't charge VAT or additional government taxes directly to tenants, though some premium serviced units may add 10% VAT. Management fees are typically included in modern condo buildings but rare for independent houses.
Internet costs range from $20-$50 monthly for reliable broadband connections, while cable TV adds another $10-$30. Property insurance, while recommended, usually costs $30-$100 annually depending on coverage.
How do financing options and mortgage costs affect the rental yield for owners?
Siem Reap property investors can achieve rental yields of 7.13-8.16% for apartments, with the national Cambodia average at 7.4% as of September 2025.
Cambodian banks offer mortgages primarily to foreigners with long-term visas and documented income, with USD loan rates typically ranging 6-8% annually. Mortgage financing reduces cash-on-cash yields due to interest payments but can enhance return on equity when property appreciation and rent increases exceed borrowing costs.
Leveraged investments become attractive when rental yields exceed mortgage interest rates by at least 1-2%, providing cushion for vacancy periods and maintenance costs. Current market conditions favor leveraged purchases given the 7-8% rental yields versus 6-8% borrowing costs.
Property appreciation in Siem Reap's tourism-dependent market adds another layer of return, though investors should factor currency risk when borrowing in USD while collecting rents in a tourism-sensitive market.
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What are the best rental strategies today if you're targeting short-term tenants versus long-term tenants?
Short-term rental strategies in Siem Reap focus on tourist-heavy areas and premium amenities to capture seasonal demand.
Airbnb and short-term rentals perform best in downtown locations, particularly the Old French Quarter and Wat Bo areas near tourist attractions. Nightly rates range from $30-$60 for apartments and $80-$300 for villas, depending on season and amenities. Peak tourist seasons can generate monthly equivalent rents 50-100% above long-term rates.
However, short-term rentals require active management including frequent cleaning, guest communication, and handling seasonal vacancy rates of 25-40% during off-peak periods. Operational costs including cleaning, utilities, and platform fees typically consume 30-40% of gross rental income.
Long-term rental strategies offer stable income with lower operational overhead, appealing to expatriates, NGO workers, and digital nomads seeking 6-12 month leases. These tenants value reliable internet, modern amenities, and proximity to international restaurants rather than tourist attractions.
Long-term rentals typically achieve 85-90% annual occupancy rates compared to 60-75% for short-term rentals, making them more predictable for mortgage payments and consistent cash flow.
Can you give concrete examples of rental prices for apartments, houses, villas, and commercial spaces?
Concrete rental examples from September 2025 demonstrate the range of options available across Siem Reap's property market.
A standard 1-bedroom apartment in a suburban area rents for $250-$280 monthly, while the same unit in the Old French Quarter commands $300-$350. Modern 2-bedroom condos with amenities like pools and security range from $500-$650 in standard locations and $600-$800 in prime tourist zones.
Traditional Khmer houses without modern upgrades start around $300 monthly in residential neighborhoods, while restored colonial houses with gardens and modern kitchens reach $800-$1,200 monthly. Luxury villas with pools, multiple bedrooms, and tourist-area locations command $1,500-$2,000 monthly.
Commercial properties show wide variation, with small shophouses in local areas renting for $600-$800 monthly, while prime restaurant or retail spaces near Pub Street or major hotels reach $1,500-$2,500 monthly.
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What types of renters are most common in Siem Reap, and what profiles do they usually fit?
Siem Reap's rental market serves distinct tenant categories, each with specific housing preferences and budget ranges.
Expatriate professionals represent the largest stable rental segment, including NGO workers, hospitality industry employees, teachers, and development consultants. These tenants typically seek 1-2 bedroom modern apartments or houses with reliable utilities, internet, and 6-12 month lease terms.
Digital nomads and remote workers form a growing segment, preferring short to medium-term rentals (1-6 months) with excellent internet connectivity and co-working proximity. They typically budget $400-$800 monthly for furnished accommodations with modern amenities.
Long-term tourists including seasonal workers, extended visitors, and semi-retired individuals often seek budget-friendly options or villa rentals for 3-12 month stays. Retirees particularly favor houses with gardens and quiet neighborhoods.
Local professionals and small families represent a smaller but stable market segment, typically renting apartments and modest houses in residential areas away from tourist zones, with budgets of $200-$500 monthly.
We did some research and made this infographic to help you quickly compare rental yields of the major cities in Cambodia versus those in neighboring countries. It provides a clear view of how this country positions itself as a real estate investment destination, which might interest you if you're planning to invest there.
What are the vacancy rates for different types of properties and areas?
Vacancy rates in Siem Reap vary significantly by property type, location, and rental strategy, with seasonal tourism heavily influencing short-term rental performance.
Residential apartments in central areas maintain relatively low vacancy rates of 10-15% annually, with higher occupancy during tourist seasons. Properties targeting long-term expat tenants achieve the most stable occupancy, often maintaining 85-90% annual occupancy rates.
Short-term rental properties face higher vacancy rates, particularly during off-season periods from June through September when tourism drops. These properties typically experience 25-40% vacancy rates during low season, though peak season can achieve near 100% occupancy.
Suburban residential properties generally show vacancy rates of 15-25%, depending on pricing competitiveness and property condition. Houses requiring significant repairs or lacking modern amenities may experience extended vacancy periods.
Commercial spaces in prime tourist areas maintain lower vacancy rates of 5-15% due to strong business demand, while peripheral commercial properties may face 20-35% vacancy rates depending on foot traffic and business viability.
Which property types and locations are currently the smartest investment choices?
The smartest Siem Reap property investments in 2025 focus on locations with strong tourist accessibility and modern amenities that appeal to diverse tenant profiles.
Modern condominiums in the Old French Quarter, Wat Bo, and Sala Kamreuk areas represent optimal investment choices, offering 7-8% rental yields with appreciation potential from ongoing infrastructure development. These properties attract both short-term tourists and long-term expats.
Traditional Khmer villas in prime locations offer excellent short-term rental potential, particularly for groups and families seeking authentic experiences. Well-maintained villas with pools and modern amenities can achieve premium nightly rates during peak seasons.
Commercial spaces in established tourist zones provide stable returns for investors seeking business rental income, though they require higher initial capital and more specialized management expertise.
Properties near planned infrastructure improvements including airport expansion and new road connections offer long-term appreciation potential, while immediate rental yields remain attractive at current pricing levels.
How do rental yields look today, and how have rents and yields changed compared to five years ago and one year ago?
Siem Reap's rental market in 2025 shows strong recovery and growth compared to recent years, with current yields outperforming historical averages.
Current apartment yields of 7.13-8.16% represent significant improvement from 2020-2021 when COVID-19 severely impacted tourism and rental demand. During the pandemic, yields dropped to 6-7% with widespread vacancies and rent reductions of 20-30%.
Compared to 2024, when yields averaged around 7% with 5% market growth, 2025 shows continued improvement with increased tourism recovery and infrastructure development driving demand. Rental rates have increased 10-15% over the past year as tourism returned to pre-pandemic levels.
Five years ago in 2020, the market experienced significant disruption with tourism collapse, forcing many property owners to reduce rents or face extended vacancies. The current 7-8% yields represent a full recovery and improvement over pre-pandemic performance.
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What's the forecast for rents and yields in the next one, five, and ten years, and how do these figures compare with other similar cities in the region?
Siem Reap's rental market outlook through 2035 shows continued growth potential driven by tourism expansion and infrastructure development.
The next year expects 2-3% rent increases supported by airport expansion completion and continued tourism recovery, with yields remaining stable at 7-8% as property values rise proportionally with rental income.
Five-year projections anticipate 10-15% cumulative rent growth driven by new infrastructure including improved roads, public transport, and expanded tourism offerings. Yields may moderate slightly to 6.5-7.5% as new supply enters the market, but remain attractive for investors.
Ten-year forecasts suggest market maturation with yields normalizing to 6-7% as Siem Reap develops into a more sophisticated destination. Rental growth will likely slow to sustainable 3-5% annually, supported by economic diversification beyond tourism.
Regionally, Siem Reap's current 7-8% yields exceed Phnom Penh's 6.96% and compare favorably to tropical tourism cities like Kep/Kampot (7.88%) and Koh Rong (7.1%). While rents remain lower than major Thai cities like Bangkok or Phuket, Siem Reap's yield advantage makes it attractive for income-focused investors seeking regional diversification.
Conclusion
This article is for informational purposes only and should not be considered financial advice. Readers are advised to consult with a qualified professional before making any investment decisions. We do not assume any liability for actions taken based on the information provided.
Siem Reap's rental market in 2025 demonstrates strong fundamentals with yields of 7-8% and diverse tenant demand from tourists to expats.
Strategic location selection and property type matching to target tenants remain key to maximizing rental returns in this tourism-dependent market.
Sources
- Expat Rental Guide Siem Reap - RealEstate Cambodia
- House Villa Rentals Siem Reap - IPS Cambodia
- Siem Reap Rentals - RealEstate Cambodia
- Property Investment Guides - RealEstate Cambodia
- Cambodia Property Price History - Global Property Guide
- Siem Reap Airbnb Analytics - AirROI
- Cambodia Real Estate Market - BambooRoutes
- Cambodia Real Estate Highlights - Knight Frank