Authored by the expert who managed and guided the team behind the Vietnam Property Pack
Yes, the analysis of Ho Chi Minh City's property market is included in our pack
Looking for current rental prices in Ho Chi Minh City? You're in the right place.
In this article, we break down what tenants and landlords can expect to pay in 2026, from studios to 2-bedroom apartments across different neighborhoods.
We update this blog post regularly so the numbers stay fresh and useful.
And if you're planning to buy a property in this place, you may want to download our pack covering the real estate market in Ho Chi Minh City.
Insights
- Metro Line 1 in Ho Chi Minh City is now running, and apartments near its stations rent about 10% to 15% faster than similar units in areas without metro access.
- Serviced apartments in Ho Chi Minh City average around ₫529,000 per square meter per month, which is nearly double what you would pay for a regular apartment.
- The vacancy rate for typical apartments in Ho Chi Minh City sits around 8%, meaning well-located units rarely stay empty for long.
- Rents in premium expat areas like Thảo Điền and Thủ Thiêm are growing 6% to 8% per year, outpacing the citywide average of about 5%.
- About 70% of tenants renting studios and 1-bedrooms in Ho Chi Minh City prefer furnished units because they want to move in right away.
- Landlords in Ho Chi Minh City should budget around 10% of their gross rent for taxes, covering both the 5% VAT and 5% personal income tax.
- Peak rental demand in Ho Chi Minh City happens in February through April after Tết and again in August through October during relocation season.
- Around 10,000 new apartment units are expected to hit the Ho Chi Minh City market in 2026, which could slow down rent growth in some areas.
What are typical rents in Ho Chi Minh City as of 2026?
What's the average monthly rent for a studio in Ho Chi Minh City as of 2026?
As of early 2026, the average monthly rent for a studio in Ho Chi Minh City is around ₫9.5 million, which is about $380 USD or €350 EUR.
Most studios in Ho Chi Minh City fall within a range of ₫7 million to ₫12 million per month (roughly $280 to $480 USD, or €260 to €445 EUR), depending on where you look.
The biggest factors that make studio rents vary in Ho Chi Minh City are the district, proximity to Metro Line 1, and whether the building has amenities like a gym or pool.
What's the average monthly rent for a 1-bedroom in Ho Chi Minh City as of 2026?
As of early 2026, the average monthly rent for a 1-bedroom apartment in Ho Chi Minh City is around ₫14.5 million, which translates to about $580 USD or €540 EUR.
Most 1-bedroom apartments in Ho Chi Minh City rent for somewhere between ₫11 million and ₫20 million per month (about $440 to $800 USD, or €410 to €740 EUR).
For cheaper 1-bedroom rents in Ho Chi Minh City, look at Tân Bình or Tân Phú, while the priciest 1-bedrooms are in Thảo Điền, District 1, and Thủ Thiêm.
What's the average monthly rent for a 2-bedroom in Ho Chi Minh City as of 2026?
As of early 2026, the average monthly rent for a 2-bedroom apartment in Ho Chi Minh City is around ₫20.5 million, which works out to about $820 USD or €760 EUR.
The realistic range for most 2-bedroom apartments in Ho Chi Minh City is ₫16 million to ₫30 million per month (roughly $640 to $1,200 USD, or €595 to €1,110 EUR).
The cheapest 2-bedrooms in Ho Chi Minh City are in outer districts like Bình Chánh and Tân Phú, while the most expensive are in Thủ Thiêm, Thảo Điền, and the riverfront towers in An Phú.
By the way, you will find much more detailed rent ranges in our property pack covering the real estate market in Ho Chi Minh City.
What's the average rent per square meter in Ho Chi Minh City as of 2026?
As of early 2026, the average rent per square meter for a typical apartment in Ho Chi Minh City is around ₫270,000, which is about $10.80 USD or €10 EUR per square meter per month.
Rent per square meter in Ho Chi Minh City ranges from about ₫180,000 in outer districts up to ₫529,000 in premium serviced apartments (roughly $7 to $21 USD, or €6.70 to €19.60 EUR).
Compared to Hanoi, Ho Chi Minh City's rent per square meter runs about 10% to 20% higher in prime areas because of stronger expat demand and more corporate housing.
Properties that push rent per square meter above average in Ho Chi Minh City usually have Metro Line 1 access, a pool and gym, dedicated car parking, or modern building management.
How much have rents changed year-over-year in Ho Chi Minh City in 2026?
As of early 2026, rents in Ho Chi Minh City have increased by about 5% compared to January 2025, with prime expat neighborhoods like Thảo Điền seeing gains of 6% to 8%.
The main factors pushing rents up in Ho Chi Minh City this year are strong foreign investment bringing more expat tenants, the opening of Metro Line 1, and limited new apartment supply relative to demand.
This year's rent growth in Ho Chi Minh City is slightly stronger than 2025, when Savills reported serviced apartment rents up about 4%, suggesting the market is picking up steam.
What's the outlook for rent growth in Ho Chi Minh City in 2026?
As of early 2026, we expect rents in Ho Chi Minh City to grow between 3% and 6% over the coming year, with transit-linked areas seeing the strongest gains.
The key factors likely to drive rent growth in Ho Chi Minh City include continued foreign direct investment, the expanding impact of Metro Line 1, and steady urbanization bringing more workers to the city.
Neighborhoods expected to see the strongest rent growth in Ho Chi Minh City are along the Metro Line 1 corridor from Bến Thành through Thảo Điền to Suối Tiên, plus established expat hubs like Phú Mỹ Hưng.
The main risk that could slow rent growth in Ho Chi Minh City is the expected delivery of around 10,000 new apartment units in 2026, which could soften prices in areas with heavy new supply.
We have made this infographic to give you a quick and clear snapshot of the property market in Vietnam. It highlights key facts like rental prices, yields, and property costs both in city centers and outside, so you can easily compare opportunities. We’ve done some research and also included useful insights about the country’s economy, like GDP, population, and interest rates, to help you understand the bigger picture.
Which neighborhoods rent best in Ho Chi Minh City as of 2026?
Which neighborhoods have the highest rents in Ho Chi Minh City as of 2026?
As of early 2026, the three neighborhoods with the highest rents in Ho Chi Minh City are Thủ Thiêm (averaging ₫35 million or $1,400 USD / €1,300 EUR for 2-bedrooms), Thảo Điền (around ₫30 million or $1,200 USD / €1,110 EUR), and Phú Mỹ Hưng in District 7 (about ₫28 million or $1,120 USD / €1,040 EUR).
These neighborhoods command premium rents in Ho Chi Minh City because they offer riverfront views, modern high-rise towers, international schools nearby, and established expat-friendly infrastructure.
The typical tenant profile in these high-rent Ho Chi Minh City neighborhoods includes expats on corporate packages, executives at multinational companies, and wealthy local families seeking international-standard living.
By the way, we've written a blog article detailing what are the current best areas to invest in property in Ho Chi Minh City.
Where do young professionals prefer to rent in Ho Chi Minh City right now?
The top three neighborhoods where young professionals prefer to rent in Ho Chi Minh City are Bình Thạnh (especially around Văn Thánh), Phú Nhuận, and District 3.
Young professionals in these Ho Chi Minh City neighborhoods typically pay between ₫10 million and ₫18 million per month (about $400 to $720 USD, or €370 to €670 EUR) for studios and 1-bedrooms.
What attracts young professionals to these areas in Ho Chi Minh City includes walkable café culture, short commutes to District 1 offices, affordable food options, and good Metro Line 1 access from stations like Ba Son and Văn Thánh Park.
By the way, you will find a detailed tenant analysis in our property pack covering the real estate market in Ho Chi Minh City.
Where do families prefer to rent in Ho Chi Minh City right now?
The top three neighborhoods where families prefer to rent in Ho Chi Minh City are Phú Mỹ Hưng in District 7, Thảo Điền in Thu Đức City, and Tân Phú district.
Families renting 2 to 3 bedroom apartments in these Ho Chi Minh City neighborhoods typically pay between ₫20 million and ₫40 million per month (about $800 to $1,600 USD, or €740 to €1,480 EUR).
What makes these neighborhoods attractive to families in Ho Chi Minh City includes master-planned streets with parks, lower traffic density, supermarkets, and plenty of family-friendly restaurants.
Top-rated schools near these family-friendly Ho Chi Minh City neighborhoods include the International School of Ho Chi Minh City (ISHCMC) near Thảo Điền, Saigon South International School near Phú Mỹ Hưng, and British International School campuses serving both areas.
Which areas near transit or universities rent faster in Ho Chi Minh City in 2026?
As of early 2026, the three areas near transit or universities that rent fastest in Ho Chi Minh City are Bến Thành station area in District 1, the Thảo Điền and An Phú corridor in Thu Đức City, and the Vietnam National University station area near the Hi-Tech Park.
Properties in these high-demand Ho Chi Minh City transit areas typically stay listed for just 7 to 14 days, compared to the citywide average of around 21 days.
The typical rent premium for properties within walking distance of Metro Line 1 stations or major universities in Ho Chi Minh City is about ₫1.5 million to ₫3 million per month higher (roughly $60 to $120 USD, or €55 to €110 EUR).
Which neighborhoods are most popular with expats in Ho Chi Minh City right now?
The top three neighborhoods most popular with expats in Ho Chi Minh City are Thảo Điền in Thu Đức City, An Phú (also in Thu Đức City), and Phú Mỹ Hưng in District 7.
Expats renting in these Ho Chi Minh City neighborhoods typically pay between ₫25 million and ₫50 million per month (about $1,000 to $2,000 USD, or €925 to €1,850 EUR) for quality 2 to 3 bedroom apartments.
What makes these neighborhoods attractive to expats in Ho Chi Minh City includes international restaurants and cafés, proximity to international schools, reliable security, and now direct Metro Line 1 access from Thảo Điền and An Phú stations.
The most represented expat nationalities in these Ho Chi Minh City neighborhoods include Japanese, Korean, European, and American professionals working for multinational corporations.
And if you are also an expat, you may want to read our exhaustive guide for expats in Ho Chi Minh City.
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Who rents, and what do tenants want in Ho Chi Minh City right now?
What tenant profiles dominate rentals in Ho Chi Minh City?
The top three tenant profiles that dominate the rental market in Ho Chi Minh City are local young professionals, young families, and expats on corporate packages.
In Ho Chi Minh City's rental market, local young professionals and young families make up roughly 60% to 70% of tenants, while expats account for about 20% to 25%, with students and short-term renters filling the rest.
Local young professionals in Ho Chi Minh City typically seek studios and 1-bedrooms in Bình Thạnh and Phú Nhuận, families look for 2 to 3 bedrooms in Phú Mỹ Hưng or Thu Đức, and expats want furnished 2-bedrooms with amenities in Thảo Điền or An Phú.
If you want to optimize your cashflow, you can read our complete guide on how to buy and rent out in Ho Chi Minh City.
Do tenants prefer furnished or unfurnished in Ho Chi Minh City?
In Ho Chi Minh City's rental market, about 70% of tenants looking for studios and 1-bedrooms prefer furnished units, while the split is closer to 50/50 for larger family apartments.
The typical rent premium for furnished apartments compared to unfurnished in Ho Chi Minh City is around ₫2 million to ₫4 million per month (about $80 to $160 USD, or €75 to €150 EUR).
Tenant profiles that prefer furnished rentals in Ho Chi Minh City include expats on shorter assignments, young professionals who move frequently, and anyone relocating from another city who wants to move in immediately.
Which amenities increase rent the most in Ho Chi Minh City?
The top five amenities that increase rent the most in Ho Chi Minh City are Metro Line 1 station access, on-site swimming pool and gym, dedicated car parking, 24-hour security with professional building management, and modern air conditioning with good sound insulation.
These amenities typically add the following premiums in Ho Chi Minh City: metro access adds ₫1.5 million to ₫3 million per month (about $60 to $120 USD), pool and gym add ₫2 million to ₫4 million (about $80 to $160 USD), and car parking adds ₫1 million to ₫2 million (about $40 to $80 USD).
In our property pack covering the real estate market in Ho Chi Minh City, we cover what are the best investments a landlord can make.
What renovations get the best ROI for rentals in Ho Chi Minh City?
The top five renovations that get the best ROI for rental properties in Ho Chi Minh City are upgrading air conditioning units, refreshing kitchens with new countertops and faucets, improving bathroom fixtures and water heaters, installing smart locks with modern lighting, and adding good ventilation systems.
Typical costs and expected rent increases for these renovations in Ho Chi Minh City are: air conditioning upgrades cost ₫15 million to ₫25 million (about $600 to $1,000 USD) and can add ₫500,000 to ₫1 million per month; kitchen and bathroom refreshes cost ₫10 million to ₫20 million ($400 to $800 USD) and can justify similar increases.
Renovations that tend to have poor ROI in Ho Chi Minh City include expensive structural changes, high-end imported finishes that tenants don't value, and luxury bathtubs in a market where showers are preferred.
We did some research and made this infographic to help you quickly compare rental yields of the major cities in Vietnam 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.
How strong is rental demand in Ho Chi Minh City as of 2026?
What's the vacancy rate for rentals in Ho Chi Minh City as of 2026?
As of early 2026, the estimated vacancy rate for typical apartments in Ho Chi Minh City is around 8%, while serviced apartment buildings run higher at about 19% vacancy.
Vacancy rates across Ho Chi Minh City neighborhoods range from as low as 4% to 5% in high-demand areas like Thảo Điền and near Metro Line 1 stations, up to 12% to 15% in oversupplied outer districts.
The current vacancy rate in Ho Chi Minh City is slightly tighter than historical averages, reflecting strong demand from urbanization and the recent opening of Metro Line 1.
Finally please note that you will have all the indicators you need in our property pack covering the real estate market in Ho Chi Minh City.
How many days do rentals stay listed in Ho Chi Minh City as of 2026?
As of early 2026, the average rental property in Ho Chi Minh City stays listed for about 21 days before finding a tenant.
Days on market in Ho Chi Minh City range from as few as 7 to 14 days for well-priced units near Metro Line 1 stations, up to 30 to 45 days for overpriced units in less accessible areas like Bình Chánh.
The current days-on-market figure in Ho Chi Minh City is similar to or slightly faster than one year ago, reflecting the added appeal of Metro Line 1 drawing tenants to certain corridors.
Which months have peak tenant demand in Ho Chi Minh City?
The peak months for tenant demand in Ho Chi Minh City are February through April (after the Tết holiday when people switch jobs) and August through October (during corporate relocation season and before the school year).
The specific factors driving seasonal demand in Ho Chi Minh City include the traditional post-Tết job-switching season, corporate fiscal year cycles that trigger relocations, and families moving before school starts in September.
The months with the lowest tenant demand in Ho Chi Minh City are typically December through mid-January (during the Tết slowdown) and June through July (a quieter period between the two main waves).
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What will my monthly costs be in Ho Chi Minh City as of 2026?
What property taxes should landlords expect in Ho Chi Minh City as of 2026?
As of early 2026, landlords in Ho Chi Minh City should expect to pay non-agricultural land use tax, which for typical condos is quite modest, often under ₫1 million per year (about $40 USD or €37 EUR).
Annual property taxes in Ho Chi Minh City can range from essentially nothing for small condo land shares up to several million dong for larger landed properties, but for most apartment landlords this is not a major expense.
Property taxes in Ho Chi Minh City are calculated based on the taxable land area, official land price tables set by the city, and tax rates under Vietnam's non-agricultural land use tax law.
Please note that, in our property pack covering the real estate market in Ho Chi Minh City, we cover what exemptions or deductions may be available to reduce property taxes for landlords.
What maintenance budget per year is realistic in Ho Chi Minh City right now?
A realistic annual maintenance budget for a typical rental apartment in Ho Chi Minh City is around ₫12 million per year (about $480 USD or €445 EUR), or roughly ₫1 million per month.
Annual maintenance costs in Ho Chi Minh City range from ₫8 million to ₫15 million (about $320 to $600 USD) for newer towers, up to ₫15 million to ₫25 million (about $600 to $1,000 USD) for older units needing more repairs.
Landlords in Ho Chi Minh City typically set aside about 5% to 8% of gross rental income for maintenance, covering things like air conditioning servicing, plumbing repairs, and appliance replacements.
What utilities do landlords often pay in Ho Chi Minh City right now?
In Ho Chi Minh City, landlords typically pay only occasional building-level ownership charges, while tenants pay electricity, water, internet, and often building management fees directly.
When landlords do cover utilities in Ho Chi Minh City (usually in serviced or short-term rentals), monthly costs run about ₫1.5 million to ₫3 million (about $60 to $120 USD, or €55 to €110 EUR) for a typical 1 to 2 bedroom apartment.
The common practice in Ho Chi Minh City's long-term rental market is for tenants to handle all variable utilities, with landlords only responsible for repairs, ownership fees, and property taxes.
How is rental income taxed in Ho Chi Minh City as of 2026?
As of early 2026, individual landlords in Ho Chi Minh City typically owe 5% VAT and 5% personal income tax on rental revenue when thresholds are met, so a simple planning figure is to set aside 10% of gross rent.
Under Vietnam's simplified tax regime for rental income, landlords don't need detailed expense tracking because the flat 5% rates already account for assumed costs.
A common tax mistake specific to Ho Chi Minh City landlords is failing to register rental activity when revenue exceeds the threshold, or being unaware that a business license fee may apply for larger-scale leasing.
We cover these mistakes, among others, in our list of risks and pitfalls people face when buying property in Ho Chi Minh City.
We made this infographic to show you how property prices in Vietnam compare to other big cities across the region. It breaks down the average price per square meter in city centers, so you can see how cities stack up. It’s an easy way to spot where you might get the best value for your money. We hope you like it.
What sources have we used to write this blog article?
Whether it's in our blog articles or the market analyses included in our property pack about Ho Chi Minh City, we always rely on the strongest methodology we can … and we don't throw out numbers at random.
We also aim to be fully transparent, so below we've listed the authoritative sources we used, and explained how we used them and the methods behind our estimates.
| Source | Why It's Authoritative | How We Used It |
|---|---|---|
| Savills Vietnam - Serviced Apartment Market Overview (Q1 2025) | Savills is a global real estate consultancy with a long track record and published market methodology. | We used its HCMC average rent per square meter and occupancy to anchor premium rental levels. We then scaled those figures down to estimate typical non-serviced apartment rents. |
| Batdongsan.com.vn - HCMC Apartment Rentals Hub (January 2026) | Batdongsan.com.vn is Vietnam's largest property portal and its listing data is one of the most verifiable snapshots of asking rents. | We used its January 2026 live listings and price examples to sanity-check our rent estimates. We treated it as asking rent evidence rather than official statistics. |
| Batdongsan.com.vn - District Rent Range Snapshot | This page conveniently summarizes rent ranges by key districts in one place. | We used the district rent ranges for Thu Đức and District 7 to identify the highest-rent neighborhoods. We cross-checked those ranges against Savills' premium benchmark. |
| Cushman & Wakefield - HCMC Residential MarketBeat (Q1 2025) | Cushman & Wakefield is a major global research house and this is a formal market report with disclosed metrics. | We used its forward supply expectations including 2026 projections to discuss the rent outlook. We also used its macro assumptions as a consistency check. |
| Vietnam National Statistics Office - CPI Releases | This is Vietnam's official statistics agency, so it's the cleanest baseline for inflation and cost-of-living trends. | We used CPI commentary about housing-related cost pressures to contextualize rent growth. We did not treat CPI as a rent level dataset, only as a trend signal. |
| Reuters - Vietnam Economic Reporting | Reuters is a top-tier wire service that typically attributes numbers to official agencies and named officials. | We used it as a cross-check on macro conditions entering 2026 that influence rental demand. We only relied on it where it clearly cited official sources. |
| VnEconomy - Metro Line 1 Commercial Operation | VnEconomy is a major Vietnamese business outlet and this article documents a concrete infrastructure milestone with dates and details. | We used it to justify which transit-linked neighborhoods should rent faster in 2026. We connected station areas to likely rental demand pockets. |
| SYSTRA - Metro Line 1 Inauguration Note | SYSTRA is an engineering firm directly involved in metro projects, so its announcements are strong evidence for project status. | We used it as a second source to confirm the metro timeline. We then translated "metro is operating" into neighborhood demand implications. |
| Ministry of Finance - Circular 40/2021/TT-BTC | This is a primary legal text (official circular), which is as verifiable as it gets for tax rules. | We used it to state how rental income is taxed for typical individual landlords. We turned the legal rates into a simple monthly tax estimate. |
| Government of Vietnam - Decree 139/2016/ND-CP | This is an official decree presented in a reputable legal database format. | We used it to explain when a business license fee can apply to rental activity. We kept it high-level and practical for non-professional readers. |
| Law on Non-Agricultural Land Use Tax (Law 48/2010/QH12) | This is the core statute governing land-use tax, so it's the authoritative basis for property-related taxes. | We used it to describe the type of recurring property tax Vietnam uses for residential land. We translated it into simple guidance rather than complex formulas. |
| KPMG - Circular 40 Tax Alert | KPMG is a major professional services firm, and this memo explains how the official rules work in practice. | We used it to double-check we're explaining Circular 40 correctly. We also used it to keep the landlord tax section easy to understand. |
| Savills Vietnam - Apartment Market Overview (Q1 2025) | This Savills market brief focuses on apartments, which helps anchor supply context in HCMC. | We used it to support the "supply is tight" narrative that matters for rent pressure. We triangulated with portal listings and Cushman's forward supply data. |
| Ho Chi Minh City Metro Line 1 Stations List | This site consolidates station names in one place, which is useful for neighborhood examples. | We used it to name the specific station areas renters care about like Thảo Điền and An Phú. We only used it for station naming, not for policy claims. |
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