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Bangkok's condo rental market is showing strong signs of recovery as of September 2025.
The rental demand has rebounded significantly with rising prices, faster rental speeds, and improving occupancy rates across central districts. Foreign tenants are returning in larger numbers while short-term rentals compete for available units.
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Bangkok's condo rental market is experiencing robust recovery with 85,613 units listed for rent as of September 2025, showing strong demand and rising prices across central areas.
One-bedroom units dominate demand while occupancy rates reach 85-90% in popular buildings, supported by returning expat tenants and tourism recovery.
| District | Average 1BR Rent (Sept 2025) | Year-on-Year Change | Current Occupancy Rate |
|---|---|---|---|
| Sukhumvit | ฿29,337/month | +3-5% | 85-90% |
| Sathorn | ฿31,971/month | +3-5% | 85-90% |
| Silom | ฿31,971/month | +3-5% | 85-90% |
| Phrom Phong | ฿28,500/month | +4-6% | 80-85% |
| On Nut | ฿18,200/month | +5-7% | 75-85% |
How many condos in Bangkok are currently listed for rent compared to this time last year?
Bangkok's condo rental market shows 85,613 units currently listed for rent as of September 2025.
This represents a slight decrease from approximately 87,716 listings recorded in December 2024. The 2.4% drop in available listings indicates tightening supply across the Bangkok condo rental market.
Central districts show particularly constrained inventory. Silom district currently has 1,221 active rental listings, while Sukhumvit maintains around 20,197 available units. Sathorn district shows 6,460 active listings as of September 2025.
The reduction in listings suggests stronger rental demand is absorbing available supply faster than new units enter the market. This supply tightening is most pronounced in prime central locations where foreign tenants typically prefer to rent.
It's something we develop in our Bangkok property pack.
What's the average monthly rental price now versus last year in central areas like Sukhumvit, Sathorn, and Silom?
Rental prices across Bangkok's central districts have increased 3-5% year-on-year as of September 2025.
| District | Studio (Sept 2025) | 1-Bedroom (Sept 2025) | 2-Bedroom (Sept 2025) |
|---|---|---|---|
| Sukhumvit | ฿22,829/month | ฿29,337/month | ฿55,249/month |
| Silom | ฿19,200/month | ฿31,971/month | ฿64,128/month |
| Sathorn | ฿21,500/month | ฿31,971/month | ฿53,600/month |
How fast are condos being rented out on average right now compared to six or twelve months ago?
Bangkok condos are renting significantly faster in September 2025 compared to the same period last year.
Prime central areas now see units rented within 1-3 weeks on average, particularly for studios and one-bedroom units. This represents a notable improvement from the 3-4 week average rental period recorded in 2024.
Two-bedroom units still require longer marketing periods, typically 3-5 weeks, due to their higher price points and smaller target tenant pool. However, even larger units are moving faster than they did twelve months ago.
The accelerated rental speed reflects strong underlying demand, especially from returning expat professionals and increased local demand from young professionals seeking central locations.
Which unit sizes are showing the strongest demand in Bangkok?
One-bedroom condos demonstrate the strongest rental demand in Bangkok's current market.
Studios rank as the second most sought-after unit type, particularly popular among single professionals and young expats. These compact units offer affordability while maintaining central location access.
Two-bedroom units face longer marketing periods despite steady demand from small families and professionals requiring home office space. The higher rental costs limit the tenant pool for these larger units.
Market data shows one-bedroom units in central districts rent within 1-2 weeks on average, while studios follow closely at 1-3 weeks. Two-bedroom units typically require 3-5 weeks to secure tenants.
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Are foreign tenants, especially expats, returning in larger numbers to the Bangkok rental market?
Foreign tenant numbers are increasing substantially in Bangkok's rental market as of September 2025.
Real estate agencies report a notable rebound in expat lease signings, particularly in neighborhoods traditionally popular with international residents. Sukhumvit, Sathorn, and Silom districts show the strongest foreign tenant recovery.
Tourism sector recovery drives much of this increase, as international companies resume Bangkok operations and hire foreign staff. Technology, finance, and hospitality sectors are actively recruiting expatriate employees.
Property managers in prime condos report foreign tenant occupancy approaching pre-pandemic levels, with many buildings seeing 40-60% foreign tenant composition in their most desirable units.
How do rental yields for condos in Bangkok compare today with the pre-pandemic averages?
Current Bangkok condo rental yields average 4.5-5.5% annually for central properties, slightly below pre-pandemic levels of 5-6.5%.
The yield compression reflects higher property purchase prices rather than weak rental income. Rental rates have grown steadily while property values increased faster, creating the yield gap.
Prime locations maintain better yields due to consistently lower vacancy rates and stronger rental growth. Buildings near BTS stations and major business districts sustain yields closer to 5-5.5% range.
Investors focusing on high-occupancy buildings in central locations still achieve attractive returns, particularly when factoring in potential capital appreciation alongside rental income.
Which neighborhoods are seeing the biggest increase in rental inquiries or occupancy rates?
Sukhumvit district leads Bangkok in rental inquiry growth and occupancy improvements.
1. **Sukhumvit corridor**: Shows the highest inquiry volume increase, particularly areas near Asok, Nana, and Phrom Phong BTS stations2. **Sathorn district**: Experiences strong corporate tenant demand due to proximity to central business district offices 3. **Silom area**: Benefits from returning financial sector professionals and improved nightlife recovery4. **Thong Lo**: Attracts affluent local and expatriate tenants seeking upscale lifestyle amenities5. **On Nut**: Emerges as value-conscious choice offering good BTS connectivity at lower price pointsThese neighborhoods benefit from BTS accessibility, established expat communities, and proximity to major employment centers.
What role are short-term rental platforms like Airbnb playing in pulling supply away from the long-term rental market?
Short-term rental platforms are significantly impacting Bangkok's long-term rental supply, particularly for smaller units.
Studios and one-bedroom condos in tourist-heavy districts face the strongest competition from Airbnb conversions. Property owners can often earn 20-40% higher returns through short-term rentals compared to traditional year-long leases.
Districts like Sukhumvit (especially near Soi Cowboy and Nana), Silom, and riverside areas see substantial unit conversions to short-term rentals. This reduces available inventory for long-term tenants.
The trend tightens rental supply precisely in areas most desired by expatriate tenants, contributing to faster rental speeds and upward price pressure in these locations.
It's something we develop in our Bangkok property pack.
We did some research and made this infographic to help you quickly compare rental yields of the major cities in Thailand 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.
Are landlords offering more incentives such as free months or lower deposits than they did last year?
Landlords are offering fewer rental incentives in September 2025 compared to the previous year.
The stronger rental demand allows property owners to reduce or eliminate incentives that were common during the post-pandemic recovery period. Free rent months and reduced security deposits are less frequently offered.
Standard lease terms now typically require 2-3 months security deposit and first month rent upfront, returning to pre-pandemic norms. Landlords in prime locations rarely offer any rent-free periods.
This shift reflects improved market confidence and tighter supply conditions that favor property owners over prospective tenants in rental negotiations.
How does current condo rental demand compare to supply growth from new condo completions in 2024–2025?
Current rental demand is effectively absorbing new condo supply in central Bangkok areas.
New completions in prime districts find tenants relatively quickly due to strong underlying demand from both local and foreign renters. Central Bangkok maintains supply-demand balance with most new projects achieving 70-85% occupancy within six months.
Outer districts face slight oversupply conditions as new developments compete for tenants willing to commute longer distances. These areas may experience slower initial lease-up periods.
Overall market dynamics favor central locations where transportation infrastructure, amenities, and employment proximity create sustained rental demand that matches or exceeds new supply additions.
What are the current average occupancy rates in popular condo buildings across Bangkok?
Popular Bangkok condo buildings maintain average occupancy rates of 85-90% as of September 2025.
Top-tier buildings in prime locations regularly exceed 90% occupancy, particularly those near BTS stations in Sukhumvit, Sathorn, and Silom districts. These properties benefit from strong location advantages and quality amenities.
Buildings with inferior locations or older facilities typically achieve 75-85% occupancy rates. Properties lacking BTS connectivity or located in secondary areas face greater challenges maintaining full occupancy.
The high occupancy rates reflect strong rental demand and limited supply of quality units in desirable locations, supporting landlords' ability to maintain firm pricing.
It's something we develop in our Bangkok property pack.
How are macro factors like tourism recovery, employment of expats, and interest rates affecting condo rental demand today?
Multiple macro factors are driving Bangkok's condo rental demand recovery in 2025.
Tourism recovery significantly boosts rental demand as international visitors return to pre-pandemic levels. Hotels and serviced apartments face capacity constraints, pushing extended-stay tourists toward condo rentals.
Expatriate employment growth supports rental demand as multinational companies resume Bangkok expansion plans. Technology, finance, and manufacturing sectors actively recruit international talent requiring quality accommodation.
Stable interest rates maintain current economic conditions that support tenant confidence while keeping property purchase decisions slower, benefiting the rental market with sustained tenant demand.
Economic strength in Thailand relative to regional markets attracts foreign workers and investors, creating additional rental demand beyond traditional tourist and expat segments.
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.
Bangkok's condo rental market demonstrates clear recovery signals with rising prices, improved occupancy rates, and stronger tenant demand across central districts.
The combination of returning expat tenants, tourism recovery, and limited supply growth creates favorable conditions for both landlords seeking steady income and investors considering Bangkok property acquisitions.