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Get all the data you need about the real estate market in Phnom Penh
Rents in Phnom Penh in 2026 are stable, but the best apartments still lease faster than average because tenants are selective.
We constantly update this blog post so the rent figures, neighborhood notes, and landlord costs stay useful for buyers in Phnom Penh.
In simple terms, Phnom Penh is not a rental market where every condo performs well, because location, furnishing, management, and pricing matter a lot.
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 Phnom Penh.
What are typical rents in Phnom Penh as of 2026?
What's the average monthly rent for a studio in Phnom Penh as of 2026?
As of 2026, the average monthly rent for a modern studio in Phnom Penh is about KHR 1.6 million, or $400, or about €370.
In practice, most Phnom Penh studios rent for KHR 1 million to KHR 2.7 million per month, or $250 to $650, or about €230 to €600.
This wide range mostly depends on whether the studio is in BKK1, Tonle Bassac, Olympic, Daun Penh, 7 Makara, Boeung Trabek, Sen Sok, or outer Toul Kork, and whether the unit is furnished, clean, secure, and easy to reach by ride-hailing.
What's the average monthly rent for a 1-bedroom in Phnom Penh as of 2026?
As of 2026, the average monthly rent for a 1-bedroom apartment in Phnom Penh is about KHR 2.4 million, or $575, or about €530.
For most 1-bedroom apartments in Phnom Penh, a realistic monthly range is KHR 1.4 million to KHR 3.9 million, or $350 to $950, or about €320 to €875.
The cheapest 1-bedroom rents in Phnom Penh are usually in Sen Sok, Boeung Trabek, 7 Makara, and outer Toul Kork, while the highest rents are usually in BKK1, Tonle Bassac, Daun Penh, Riverside, and Olympic.
What's the average monthly rent for a 2-bedroom in Phnom Penh as of 2026?
As of 2026, the average monthly rent for a 2-bedroom apartment in Phnom Penh is about KHR 4.3 million, or $1,050, or about €965.
Most 2-bedroom apartments in Phnom Penh rent for KHR 2.7 million to KHR 7 million per month, or $650 to $1,700, or about €600 to €1,565.
The cheaper 2-bedroom rents in Phnom Penh are usually in TTP, Boeung Trabek, Toul Kork, Sen Sok, and 7 Makara, while the most expensive 2-bedroom rents are usually in BKK1, Tonle Bassac, Daun Penh, Riverside, and the best buildings around Olympic.
By the way, you will find much more detailed rent ranges in our property pack covering the real estate market in Phnom Penh.
What's the average rent per square meter in Phnom Penh as of 2026?
As of 2026, the average rent per square meter in Phnom Penh is about KHR 43,000 per sqm per month, or $10.50 per sqm, or about €9.70 per sqm.
Across Phnom Penh, most modern apartment rents range from about KHR 29,000 to KHR 74,000 per sqm per month, or $7 to $18, or about €6.40 to €16.60.
Compared with more expensive regional capitals such as Bangkok, Singapore, and central Ho Chi Minh City, Phnom Penh remains more affordable, but prime BKK1 and Tonle Bassac apartments can still feel expensive for Cambodia.
Rent per square meter rises above average in Phnom Penh when a unit is furnished, has good management, a lift, parking, security, a gym, a pool, backup power, and a strong location near cafés, offices, embassies, or AEON Mall.
How much have rents changed year-over-year in Phnom Penh in 2026?
As of 2026, average residential rents in Phnom Penh are up about 2% year-over-year, with stronger buildings doing better and generic condo stock staying almost flat.
The main forces behind this small increase are better employment, foreign investment, and expat demand, but heavy condo supply keeps landlords from pushing rents too quickly.
Compared with 2025, the Phnom Penh rental market in 2026 looks slightly firmer, but it is still a careful and price-sensitive market rather than a fast rental boom.
What's the outlook for rent growth in Phnom Penh in 2026?
As of 2026, our base-case outlook is that residential rents in Phnom Penh will grow by about 2% to 4% over the full year.
The biggest supports for rent growth in Phnom Penh are job creation, foreign investment, exports, NGO and embassy activity, and steady demand from Cambodian professionals.
The neighborhoods most likely to see stronger rent growth in Phnom Penh are BKK1, Tonle Bassac, Daun Penh, Riverside, Toul Kork, and good buildings near AEON, embassies, schools, and major offices.
The main risk is that too many similar condos compete for the same tenants, so weak buildings, poor management, bad access, or overpriced units may not grow at all.
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Which neighborhoods rent best in Phnom Penh as of 2026?
Which neighborhoods have the highest rents in Phnom Penh as of 2026?
As of 2026, the top three high-rent neighborhoods in Phnom Penh are BKK1 at roughly KHR 4.5 million per month, or $1,100, or about €1,010, Tonle Bassac at roughly KHR 4.1 million, or $1,000, or about €920, and Daun Penh or Riverside at roughly KHR 3.7 million, or $900, or about €830.
These Phnom Penh neighborhoods command premium rents because they offer the best mix of embassies, cafés, restaurants, malls, offices, serviced buildings, walkability, security, and easy ride-hailing.
The typical tenants in these high-rent Phnom Penh areas are expats, NGO staff, embassy staff, senior Cambodian professionals, business renters, and couples who want convenience more than maximum space.
By the way, we’ve written a blog article detailing Sources and methodology: we compared IPS Cambodia, Realestate.com.kh, and Global Property Guide. We ranked neighborhoods by rent level and tenant liquidity. We also used our own view of expat and serviced-apartment demand.
Where do young professionals prefer to rent in Phnom Penh right now?
The top three Phnom Penh neighborhoods for young professionals are BKK1, Tonle Bassac, and Toul Tom Poung, with Boeung Trabek, Olympic, and 7 Makara also popular for renters who want lower prices.
Young professionals in these Phnom Penh neighborhoods usually pay KHR 1.8 million to KHR 4.1 million per month, or $450 to $1,000, or about €415 to €920.
These areas attract young professionals because they offer cafés, gyms, coworking spaces, restaurants, nightlife, easy Grab access, central offices, and furnished apartments that do not require a complicated move.
By the way, you will find a detailed tenant analysis in our property pack covering the real estate market in Phnom Penh.
Where do families prefer to rent in Phnom Penh right now?
The top three family rental areas in Phnom Penh are Toul Kork, Sen Sok, and Tonle Bassac, with BKK2, BKK3, Chroy Changvar, and gated borey areas also useful for families.
Families renting 2-bedroom or 3-bedroom apartments in these Phnom Penh areas usually pay KHR 3.3 million to KHR 9.8 million per month, or $800 to $2,400, or about €735 to €2,210.
These neighborhoods work well for families because they offer larger homes, parking, schools, malls, safer streets, quieter living, and easier access to daily services than the busiest parts of BKK1.
Important education options near these family-friendly Phnom Penh areas include Northbridge International School, Canadian International School, International School of Phnom Penh, and several bilingual or private schools around Toul Kork, Sen Sok, and Tonle Bassac.
Which areas near transit or universities rent faster in Phnom Penh in 2026?
As of 2026, the fastest rental areas near universities or practical transport routes in Phnom Penh are Toul Kork and Tuek L’ak near RUPP, 7 Makara near Olympic and central schools, and Boeung Trabek near RULE and main roads.
Correctly priced furnished apartments in these high-demand Phnom Penh areas often stay listed for about 25 to 40 days, while weaker or overpriced units can take much longer.
The practical rent premium for being near universities, offices, or easy transport in Phnom Penh is usually KHR 200,000 to KHR 600,000 per month, or $50 to $150, or about €45 to €140.
Which neighborhoods are most popular with expats in Phnom Penh right now?
The top three expat rental neighborhoods in Phnom Penh are BKK1, Tonle Bassac, and Toul Tom Poung, followed by Daun Penh, Riverside, Toul Kork, and Boeung Trabek.
Expats in these Phnom Penh neighborhoods usually pay KHR 2.3 million to KHR 7 million per month, or $550 to $1,700, or about €505 to €1,565, depending mostly on unit size and building quality.
Expats like these areas because they reduce daily friction through English-speaking management, furnished apartments, cafés, restaurants, security, gyms, pools, parking, and easy access to Grab or tuk-tuks.
The most visible expat groups in these Phnom Penh neighborhoods include French, Chinese, Japanese, Korean, American, Australian, British, NGO, embassy, and regional business communities, although each building can be very different.
And if you are also an expat, you may want to read our Sources and methodology: we compared IPS Cambodia, Realestate.com.kh, and Global Property Guide. We focused on areas with strong expat convenience and listing depth. Our own model gives extra weight to furnished and well-managed buildings.
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Who rents, and what do tenants want in Phnom Penh right now?
What tenant profiles dominate rentals in Phnom Penh?
The top three tenant profiles in Phnom Penh are Cambodian professionals, expats and NGO or embassy staff, and families or longer-stay business renters.
As a practical estimate, Cambodian professionals represent about 35% of formal rental demand in Phnom Penh, expats and NGO or embassy staff about 30%, and families plus longer-stay business renters about 25%, with students and short-stay renters making up the rest.
Cambodian professionals usually want studios and 1-bedroom units, expats often want furnished 1-bedroom or 2-bedroom apartments, and families usually want larger 2-bedroom or 3-bedroom units with parking and reliable management.
If you want to optimize your cashflow, you can read our Sources and methodology: we used World Bank Cambodia, IPS Cambodia, and Realestate.com.kh. We matched tenant profiles with neighborhood evidence and visible listings. The percentages are our estimates, not official census data.
Do tenants prefer furnished or unfurnished in Phnom Penh?
In Phnom Penh in 2026, about 70% to 80% of visible formal apartment tenants prefer furnished rentals, while about 20% to 30% consider unfurnished rentals.
A furnished apartment in Phnom Penh usually earns a rent premium of KHR 200,000 to KHR 800,000 per month, or $50 to $200, or about €45 to €185, compared with a similar unfurnished unit.
Furnished rentals are most popular with expats, NGO staff, embassy workers, students, relocated Cambodian professionals, and short-to-medium-term business tenants who want to move in quickly.
Which amenities increase rent the most in Phnom Penh?
The five amenities that increase rent the most in Phnom Penh are reliable building management, security, parking, pool or gym access, and backup power or strong air-conditioning.
In Phnom Penh, good management can add about $50 to $150 per month, parking about $30 to $100, pool or gym access about $50 to $200, backup power about $40 to $120, and high-quality air-conditioning or appliances about $30 to $100, which is roughly KHR 120,000 to KHR 820,000, or €30 to €185.
In our property pack covering the real estate market in Phnom Penh, we cover what are the best investments a landlord can make.
What renovations get the best ROI for rentals in Phnom Penh?
The five best rental renovations in Phnom Penh are fresh paint, better lighting, new air-conditioners, a bathroom refresh, and a practical furnishing upgrade with a good mattress, curtains, washing machine, and router.
For a Phnom Penh rental, these upgrades usually cost KHR 4 million to KHR 41 million, or $1,000 to $10,000, or about €920 to €9,200, and can raise rent by KHR 300,000 to KHR 800,000 per month, or $75 to $200, or about €70 to €185.
Renovations with poor ROI in Phnom Penh usually include overly expensive luxury finishes, unusual décor, complex smart-home systems, and upgrades that ignore basic tenant needs such as air-conditioning, internet, cleanliness, and storage.
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How strong is rental demand in Phnom Penh as of 2026?
What's the vacancy rate for rentals in Phnom Penh as of 2026?
As of 2026, our estimate is that the vacancy rate for modern apartments and condos in Phnom Penh is about 12% to 16% citywide.
Across Phnom Penh, prime furnished stock in BKK1, Tonle Bassac, Daun Penh, Riverside, and good parts of Toul Kork may be closer to 6% to 10% vacant, while weaker generic condo stock can be closer to 18% to 25% vacant.
Compared with the healthier periods before the current condo supply build-up, vacancy in Phnom Penh in 2026 is higher than normal, which means landlords must price well and offer tenant-ready apartments.
Finally please note that you will have all the indicators you need in our property pack covering the real estate market in Phnom Penh.
How many days do rentals stay listed in Phnom Penh as of 2026?
As of 2026, the average rental listing in Phnom Penh stays on the market for about 45 to 60 days.
Correctly priced furnished apartments in BKK1, Tonle Bassac, TTP, Toul Kork, and Daun Penh can rent in 30 to 45 days, while overpriced or poorly managed condos can stay listed for more than 90 days.
Compared with one year ago, days on market in Phnom Penh are slightly better for good furnished units, but still long for generic condo stock because tenants can compare many similar options.
Which months have peak tenant demand in Phnom Penh?
The peak months for tenant demand in Phnom Penh are usually January to March and August to October.
These months are stronger because work contracts, relocations, schools, NGO cycles, embassy moves, and university demand all bring more renters into the Phnom Penh market.
The lowest tenant demand in Phnom Penh is usually around April and May, when Khmer New Year slows activity, and around late November to December, when many expats and families postpone moves.
Don't buy the wrong property, in the wrong area of Phnom Penh
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What will my monthly costs be in Phnom Penh as of 2026?
What property taxes should landlords expect in Phnom Penh as of 2026?
As of 2026, a landlord with a typical Phnom Penh condo may pay about KHR 410,000 to KHR 530,000 per year in annual property tax, or $100 to $130, or about €90 to €120.
Depending on property value and tax valuation, many Phnom Penh landlords should budget roughly KHR 200,000 to KHR 1.2 million per year, or $50 to $300, or about €45 to €275, for annual property tax.
Property tax in Phnom Penh is commonly understood as 0.1% of the taxable immovable-property base above the relevant threshold, and the final amount depends on the tax valuation rather than only the purchase price.
Please note that, in our property pack covering the real estate market in Phnom Penh, we cover what exemptions or deductions may be available to reduce property taxes for landlords.
What utilities do landlords often pay in Phnom Penh right now?
In Phnom Penh, landlords most often pay or include internet, building management fees, security, garbage, and sometimes water, while tenants usually pay electricity separately.
Typical landlord-paid utility and service costs in Phnom Penh are about KHR 40,000 to KHR 120,000 for internet, KHR 80,000 to KHR 300,000 for common fees, KHR 20,000 to KHR 80,000 for water and garbage, and KHR 160,000 to KHR 500,000 for a larger service package, or about $10 to $120, or €9 to €110.
The usual Phnom Penh practice is that fixed services can be included in rent, but electricity is kept separate because air-conditioning use can change the landlord’s margin very quickly.
How is rental income taxed in Phnom Penh as of 2026?
As of 2026, the practical headline for many Phnom Penh rental situations is to reserve about 10% of gross rent for rental tax or withholding, while some non-resident payment structures can require a higher 14% withholding treatment.
Landlords in Phnom Penh should ask a local tax adviser which deductions apply, but common economic costs to track include repairs, management fees, building fees, furniture replacement, agency fees, and vacancy.
The most common Phnom Penh tax mistakes are mixing up purchase taxes with annual landlord costs, ignoring rental withholding, assuming a foreign owner has no Cambodian filing exposure, and not keeping clean rent and expense records.
We cover these mistakes, among others, in our Sources and methodology: we checked GDT tax forms, PwC Cambodia tax summaries, and DFDL Cambodia. We used official pages for tax categories and professional summaries for investor interpretation. This section is a practical guide, not legal or tax advice.
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 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 Phnom Penh, 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 we trust it | How we used it |
|---|---|---|
| National Institute of Statistics Cambodia | It is Cambodia’s official statistics agency, so it is the right place to check official CPI data. | We used it to check whether official rent inflation data exists for Phnom Penh. We treated CPI rent as a control, not as a full asking-rent series for modern condos. |
| CEIC Phnom Penh CPI rentals | It republishes official NIS time-series data in a structured format that is easier to compare. | We used it to cross-check the official Phnom Penh housing-rentals CPI line. We did not use it alone because it does not fully capture modern furnished apartment asking rents. |
| World Bank Cambodia Economic Update | The World Bank is a major macroeconomic source for Cambodia and regularly tracks growth, jobs, exports, and investment. | We used it to understand the demand backdrop for Phnom Penh rentals in 2026. We used it to keep rent-growth assumptions realistic rather than too optimistic. |
| General Department of Taxation Cambodia | It is Cambodia’s official tax authority, so it is the primary source for landlord tax obligations. | We used it to confirm the existence of property tax and rental-property tax obligations. We then checked rate interpretation against professional tax summaries. |
| GDT tax types page | It lists official Cambodian tax categories in one place. | We used it to separate annual property tax, stamp duty, unused land tax, and rental-property tax. We did this to avoid mixing purchase costs with landlord operating costs. |
| Knight Frank Cambodia H2 2025 Real Estate Highlights | Knight Frank is a major international real estate consultancy with local Cambodia market coverage. | We used it for condo supply, market pressure, and the 2026 supply-overhang context. We used its market correction language to keep rent-growth and vacancy estimates cautious. |
| Global Property Guide Cambodia 2026 | It is an established international property data publisher that compiles residential market data. | We used it as a benchmark for Phnom Penh 1-bedroom and 2-bedroom rents. We cross-checked those figures with local agency and portal evidence. |
| Global Property Guide rent dataset | It gives structured asking-rent data for residential property markets. | We used it to validate the direction of asking rents in Cambodia. We treated it as a citywide benchmark, not as a street-by-street source. |
| IPS Cambodia average rental prices | IPS is a long-running Phnom Penh real estate agency with direct exposure to local rental demand. | We used it for rent ranges and tenant behavior in Phnom Penh. We discounted broad ranges by comparing them with other data and current listing evidence. |
| IPS Cambodia Phnom Penh apartments | It gives neighborhood-level rental descriptions from an active local agency. | We used it for BKK1, Tonle Bassac, TTP, Daun Penh, Toul Kork, Sen Sok, and 7 Makara. We used it to name real neighborhoods and estimate relative rent premiums. |
| Realestate.com.kh rental listings | It is one of Cambodia’s main property portals, so it shows live asking-rent depth. | We used it to check current listing supply and popular rental suburbs. We treated listing prices as asking prices, not guaranteed achieved rents. |
| PwC Cambodia tax summaries | PwC is a major tax advisory firm, and its tax summaries are widely used by investors. | We used it to cross-check withholding tax rates on rental payments and non-resident payments. We used it only for tax interpretation, not for rental-price data. |
| DFDL Cambodia lease-tax update | DFDL is a regional legal and tax firm with Cambodia expertise. | We used it to clarify the treatment of rental payments and leases. We cross-checked it against GDT and PwC before writing the tax section. |
| Asian Transport Observatory Phnom Penh report | It is backed by ADB and AIIB transport-data work, which makes it useful for mobility context. | We used it to judge whether public transport strongly drives rents in Phnom Penh. We concluded that ride-hailing, parking, and main-road access matter more for most tenants. |
| Royal University of Phnom Penh | It is Cambodia’s oldest and largest public university, so it is useful for understanding student-related rental demand. | We used it to identify the university-linked rental node around Toul Kork and Tuek L’ak. We used it only for the university-demand section. |
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