Renting a Condominium in the Philippines
At Carousell Property (formerly OLX), we provide the widest range of quality listings for you. So if you are looking for a condo for rent in the Philippines, you're in the right place! We understand the hassle of hiring property agents and paying any additional fees during the rental process. That's why we introduced a property portal that doesn't require you to transact with property agents. Depending on your budget and preferences, Carousell Property will connect you to your ideal condo rental solution. Simply adjust the filters to quicken your search process! Whenever you are ready, start a chat on a listing and you're off to a successful start!
Types of Condominium Rentals in the Philippines
Not sure what type of condominium rental suits you best? We suggest that you consider the estate, lease term, and property facilities to kickstart your successful condominium rental journey. Apart from condos for rent in the business districts and condos with topnotch amenities, you'll also find condos near the MRT and pet-friendly ones. Carousell Property posts 100,000 fresh listings every month, for sure you'll find exactly what you need. Are you looking for a one-month condo rental that is fully-furnished? Or perhaps a four-bedroom unit so that you can have a study room? Let the filters help you! Narrow down your options by specifying your desired Floor Area and Number of Bedrooms on the filters. Let Carousell Property help you find your ideal condominium rental in the Philippines!
What you need to know about renting a condominium
It should come as no surprise that the first important question you should ask your landlord when you decide to rent is about payment. This protects and prevents you from shelling out more money than you need or are required to. Give the lease contract a thorough review, most specifically on the payment terms and amount due every month. This would also help you discuss any discrepancies in the amount due should it differ among the documents. By the time you are reviewing the lease, it is safe to say that space has caught your attention and has ticked off the qualifications you are looking for in a home. While renting a space is different from owning one, it is still legally binding and every clause included in the contract should be given proper attention. After signing the lease contract, you are now ready to move in! Bringing in your belongings and appliances in a rented space can be overwhelming. You'd probably be thrilled to make the space look and feel like home. But before you proceed with painting the wall in your favorite color, you must be well aware of the regulations stated in the policy on changes, maintenance, pet, and utilities allowed.
Best Condos for Rent in the Philippines
Browse our listings to find residential spaces for rent in Metro Manila. Whether you want a room for rent in Quezon City, a condo for rent in Makati, a townhouse for rent in Mandaluyong, a house and lot for rent in Pasig, at Carousell Property, our wide variety of listings will surely help you find your ideal place! If you're looking for commercial property for rent, there are offices for rent in Ortigas Center, co-working spaces for rent in Bonifacio Global City (BGC), office rooms for rent in the Makati Central Business District and retail spaces for rent in Davao City. Industrial spaces for rent is also commonly searched for on Carousell Property. We have warehouses for rent in Pasig and storage spaces for rent in Pasig.
Why Should You Invest in a Condo?
The condominium market in the Philippines came into full swing in 2005. Since then, top developers have begun to duke out condo projects every year. To date, they make up a robust sector of the industry, spelling out opportunities for many enterprising individuals. Developers count on their condo projects to generate maximum profit. First, condominiums are often marketed before completion. During this pre-selling stage, developers provide huge discounts, flexible payment terms, and options to choose the location of your unit and modify it to suit your preferences. With these incentives, buying during the pre-selling stage means that you can raise your investment returns significantly. That’s why it’s wise to consider developments that are still pre-selling. Second, nowadays, even the young upstart can afford a condo. Due to their popularity, developers have begun to roll out condo projects for every income segment in the spectrum. There are luxury condos from which upmarket investors can rake in huge profits. Likewise, there are affordable projects that offer prime rates, flexible payment terms, and in-house financing, among a number of other benefits. Compared to buying a house and lot, investors can find better deals and lower rates in the condo sector. Additionally, you can choose which income segment to cater to, with plenty of options in the market. Lastly, several economic factors have churned out a prime market for condos. There’s the burgeoning middle class, the continuing growth of OFW remittances paving the way for OFWs with the spending power to buy real estate, and foreign investors who come to the Philippines to take advantage of the growing economy. Condos in key locations, therefore, have high resale value among these market segments. They also prove to be prime rental spaces, thanks to the recent influx of workers opting to relocate from provinces to urban centers, and also people who prefer to live closer to work than commuting everyday.~~ ~~At Carousell Property, these cities are prime options for condo investment because of high property demand in these areas: Quezon City, Makati, BGC or Taguig, Mandaluyong, Pasig, Pasay, Parañaque, Las Piñas, Manila, and San Juan. If you prefer a quieter area that is still close to the city, properties in Rizal, Laguna, Cavite, and Bulacan are much more affordable but at the same time still accessible to the business districts in Metro Manila.