Taiwan, known for its blend of traditional culture and modern development, is one of the most dynamic places to live in Asia. Its bustling cities, rich cultural heritage, delicious food, and high quality of life attract people from all over the world. For expats, students, and locals alike, finding a place to live in Taiwan is a priority, and apartment rental prices vary significantly across the island.
In this article, we’ll explore the factors that influence rent in Taiwan, provide an overview of rental prices in key cities, and give practical advice for those looking to rent an apartment.
1. Factors influencing apartment rent in Taiwan
1.1. Location
The location of an apartment is one of the most significant factors influencing its rent. As with most countries, rental prices vary depending on whether the apartment is located in a central area or more suburban or rural regions.
Major cities
Cities like Taipei, New Taipei, Taichung, and Kaohsiung have higher rent due to better job opportunities, transportation, and amenities.
Suburbs and rural areas
Renting in the suburbs or rural areas of Taiwan can significantly reduce costs. Areas away from city centers but with good transport links often offer better value.
1.2. Proximity to public transportation
Taiwan’s public transportation system is extensive and reliable, particularly in Taipei and Kaohsiung, which have metro systems. Apartments located near MRT (Mass Rapid Transit) stations or bus stops tend to be more expensive, as these locations offer convenience for commuters.
1.3. Apartment size and type
Apartments in Taiwan range from small studio units to large family apartments, and the size of the apartment is a critical factor in determining rent.
Studios and one bedroom apartments
These are common among students and single professionals. They are generally cheaper but can be pricey in city centers.
Two or three-bedroom apartments
These are ideal for families or shared accommodations. Prices vary based on location and amenities.
Serviced apartments
These fully-furnished, often short-term rentals come with additional services like cleaning, which makes them more expensive.
1.4. Age and condition of the building
Newer apartments, especially those built within the last five years, tend to command higher rents. They often have modern amenities, better energy efficiency, and advanced safety features. Older buildings, though often cheaper, may lack some of the conveniences of newer constructions, such as elevators or air conditioning.
1.5. Facilities and Amenities
Buildings that include facilities such as gyms, swimming pools, 24-hour security, and parking will generally be more expensive. In Taiwan, these perks are more common in newer apartment complexes in upscale districts.
If you want to compare the cost of living in Taiwan between the most popular cities like Taipei, Kaohsiung, Taichung, don't hesitate to check our calculator !
Check our cost of living calculator
2. Rent Prices in major Taiwanese cities
2.1. Taipei City
As the capital and the financial hub of Taiwan, Taipei has the highest rental prices on the island. Taipei’s districts vary widely in price, but central districts like Da’an, Xinyi, and Zhongzheng tend to be the most expensive.
Studio or one bedroom apartments
Expect to pay between NT$15,000 and NT$30,000 (approximately USD $500 to $1,000) per month, depending on location.
Two to three-bedroom apartments
Prices can range from NT$30,000 to NT$70,000 (USD $1,000 to $2,300) in prime districts.
Luxury apartments
High-end apartments in places like Xinyi or near Taipei 101 can go well beyond NT$100,000 (USD $3,300) per month.
Cheaper alternatives can be found in more residential areas, such as Neihu or Nangang, where rents may drop by 20-30%.
2.2. New Taipei City
New Taipei surrounds Taipei City and offers a more affordable option for those who want to live close to the capital but at lower rent prices. Districts such as Banqiao and Zhonghe are popular choices for young professionals.
Studio or one bedroom apartments
Rents typically range between NT$10,000 and NT$20,000 (USD $330 to $660) per month.
Two to three-bedroom apartments
Prices generally range from NT$20,000 to NT$40,000 (USD $660 to $1,300).
Due to its proximity to Taipei and its well-developed infrastructure, New Taipei is a great alternative for those working in Taipei but seeking cheaper accommodation.
2.3. Taichung
Taichung, located in the center of Taiwan, is the island's second-largest city by population and offers a more affordable rental market compared to Taipei.
Studio or one bedroom apartments
Prices range from NT$8,000 to NT$18,000 (USD $265 to $600).
Two to three-bedroom apartments
You can find apartments in this range from NT$15,000 to NT$35,000 (USD $500 to $1,160).
Taichung is attractive for its pleasant climate, slower pace of life, and cheaper housing options.
2.4. Kaohsiung
Kaohsiung is the main city in southern Taiwan and is known for its industrial ports and more laid-back lifestyle. It is significantly cheaper than both Taipei and Taichung.
Studio or one bedroom apartments
Rents typically range from NT$7,000 to NT$15,000 (USD $230 to $500) per month.
Two to three-bedroom apartments
Rent for larger apartments usually falls between NT$12,000 and NT$30,000 (USD $400 to $1,000).
The lower cost of living in Kaohsiung makes it a great choice for students, retirees, or anyone seeking more affordable living while still enjoying city life.
2.5. Tainan
As Taiwan’s oldest city and a cultural hotspot, Tainan offers some of the cheapest rents among major cities.
Studio or one bedroom apartments
Prices range from NT$5,000 to NT$12,000 (USD $165 to $400) per month.
Two to three-bedroom apartments
Expect to pay between NT$10,000 and NT$25,000 (USD $330 to $830) per month.
Tainan is perfect for those who appreciate history, culture, and a more traditional Taiwanese lifestyle.
3. Hidden costs and considerations
3.1. Utilities
Rent in Taiwan often does not include utilities. Monthly expenses such as electricity, water, gas, and internet can add up. Electricity, especially for air conditioning, can be expensive during the hot summer months. Be sure to clarify which, if any, utilities are included in the rent.
3.2. Security deposit
Most landlords in Taiwan require a deposit of one to three months’ rent. This deposit is typically returned at the end of the lease, provided there is no damage to the apartment.
3.3. Lease terms
Typical lease terms in Taiwan are one year, although shorter leases may be negotiated. It's important to carefully read your lease to understand your rights and obligations, especially in regard to terminating the lease early.
3.4. Agent fees
If you use a real estate agent to find your apartment, expect to pay an agent fee, which is usually equivalent to one month’s rent.
4. Conclusion: Budgeting for rent in Taiwan
Renting an apartment in Taiwan is largely dependent on your lifestyle, location preference, and budget. If you choose to live in the heart of Taipei, be prepared for higher rent prices, especially if you're seeking newer or more luxurious accommodation. On the other hand, cities like Taichung, Kaohsiung, and Tainan offer more affordable housing options with plenty of amenities and quality of life.
As the rental market in Taiwan is varied, there’s something for everyone, whether you're a student on a budget, an expat seeking convenience, or a family looking for space. Understanding the factors that influence rent and conducting thorough research will help you find the best accommodation that suits your needs.
