Verified Facts
Economic Indicators
Rent in Cambodia can range from $200 to $1,000 per month for a one-bedroom apartment, depending on the location, with housing prices varying from $1,000 to $5,000 per square meter in the city center.
Quick Facts
Housing Market Overview
The rental market in Cambodia is relatively affordable, with a wide range of options available for expats and locals alike. Typical lease terms are one year, with a deposit requirement of one to two months' rent. Tenant rights are generally well-protected, with the Cambodian Land Law regulating the relationship between landlords and tenants. Compared to its regional neighbors, Cambodia's housing costs are relatively low, making it an attractive option for those looking to relocate to Southeast Asia. However, the market is subject to fluctuations, and prices can vary depending on the location, with Phnom Penh being the most expensive city in the country.
The housing market in Cambodia is also influenced by the country's growing economy, with an increasing number of foreigners and locals investing in real estate. This has led to a surge in new developments, particularly in Phnom Penh, with many modern apartments and condominiums being built to cater to the growing demand. Despite this, the market remains relatively affordable, with many options available for those on a budget. Additionally, the Cambodian government has implemented various initiatives to promote affordable housing, including subsidies for low-income families and incentives for developers to build affordable housing units.
Apartment Rental Prices
| Apartment Type | City Center (USD/month) | Outside Center (USD/month) | Notes |
|---|---|---|---|
| Studio / Bedsitter | $300-$500 | $150-$300 | small, basic amenities |
| 1 Bedroom | $400-$700 | $200-$400 | modern, fully furnished |
| 2 Bedroom | $600-$1,000 | $300-$600 | spacious, family-friendly |
| 3 Bedroom | $900-$1,500 | $500-$900 | luxurious, high-end amenities |
Property Purchase Prices
| Area Type | Price per sqm (USD) | Notes |
|---|---|---|
| City Center | $2,000-$5,000 | prime locations, modern developments |
| Suburbs | $1,000-$3,000 | residential areas, older buildings |
| Rural | $500-$1,500 | countryside, limited amenities |
Best Neighborhoods for Expats
- BKK1: a popular neighborhood in Phnom Penh, known for its modern amenities and high-end restaurants, with typical rent ranging from $400-$800 per month.
- Daun Penh: a historic neighborhood in the heart of Phnom Penh, with a mix of old and new buildings, and typical rent ranging from $300-$600 per month.
- Toul Kork: a suburban neighborhood with a more laid-back atmosphere, and typical rent ranging from $200-$400 per month.
- Siem Reap: a popular tourist town near the ancient temples of Angkor Wat, with a range of accommodation options, and typical rent ranging from $200-$500 per month.
- Sihanoukville: a coastal town with a growing expat community, and typical rent ranging from $150-$300 per month.
Renter Tips for Cambodia
- Research thoroughly: look for apartments online, and visit potential rentals in person to get a sense of the area and the property.
- Negotiate the price: it's common to negotiate the rent, especially for long-term leases.
- Check the contract: make sure to read the contract carefully, and understand the terms and conditions.
- Be aware of scams: be cautious of scams, particularly when dealing with private landlords or unlicensed real estate agents.
- Utilities are usually not included: be prepared to pay for utilities, such as electricity and water, separately.
- Furnished apartments are common: many apartments in Cambodia come fully furnished, but it's still a good idea to check what's included and what's not.