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July 16, 2026 -
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The property rental market has been more active in Yangon, and it is hard to find rooms which are being rented directly between owners and tenants.
The domestic migrant population in Yangon has been steadily increasing, leading to a consistent rise in the rental market across nearly all townships in the city.
“The rental market has been active in nearly all townships. It doesn’t need to wait long for the next tenant after the former one moved. Despite slow buying and selling activities, the rental market has been growing,” said an estate agent.
In past, some rented rooms were advertised along with the owner’s phone number, but now such rooms are difficult to find, and tenants have to contact estate agents to find rented rooms, according to tenants in Yangon.
In addition, rent prices become higher depending on locations, and most are six-month or one-year contracts.
“The price is around K300,000 even for higher floors, while it is K400,000 or K500,000 for lower floors. Prices are expensive if the property is conveniently located,” said a Yangon resident. — MT/ZS
