Phnom Penh is rich in culture and lifestyle and has a relatively low cost of living, as more people are coming to the city for jobs and work opportunities, and there are many things to do in Phnom Penh. This has led to an increase in the demand for affordable apartments for rent in Phnom Penh. The average monthly rent for a 1 bedroom apartment in Phnom Penh is around $500.

So, if you are searching for a cheap apartment for rent in Phnom Penh, contact IPS Cambodia. 

With a low crime rate and friendly environment, Phnom Penh is Cambodia’s best city for families and students. If you want to know how to get insights on cheap apartments in Phnom Penh, read this blog further. From neighbourhood to real estate agents, we will discuss how you can get an affordable apartment in Phnom Penh. 

What Are The Factors Influencing Rent Prices In Phnom Penh?

Location

Remember, rent always varies with the location of the apartment. Boeung Tumpun, Por Sen Chey, and Chaom Chao are some of the low-rent areas in Phnom Penh. 

Property Type

The type of property will decide your rent. Condos and townhouses will likely cost you more in rent compared to apartments.

Size Matters

Larger apartments come with higher rents compared to the smaller ones. Therefore opt for the which is manageable for you and small for your family. 

Amenities Plus

Extra amenities mean an additional price. So it will be more expensive if your apartment building has a swimming pool, gym or parking facilities.

Government laws and economic condition 

The Cambodian government has made several laws related to foreigners looking for jobs and homes in Cambodia, which has made prices much lesser for the ex-pats. 

Therefore if you Are looking for cheap apartments on rent in Phnom Penh, always consider these factors, which can directly or indirectly affect the rental price of an apartment. 

Some Affordable Apartments For Rent In Phnom Penh

1 Bedroom Renovated Apartment 

Location– Phsar Chas

Rent– $ 550/month

This affordable one bedroom apartment is fully furnished and is close to many hotels, restaurants, and bars in Phsar Chas. It has a living room, one washroom, one bedroom, and a kitchen area with a four-seater dining table, making it perfect for a solo person, two students, or a couple. 

3 Bedroom Duplex Penthouse 

Location– Tonle Bassac

Rent– $ 1,350/month

This duplex penthouse is fully furnished and ready for a complete or joint family to move in. With all the amenities like a cook, large beds, stylish bathrooms, sofa lounge, washing machine, etc., it will be a perfect fit for a family of 6-7 people. Other luxury amenities include a swimming pool, elevator, parking, etc., 

1 Bedroom Apartment 

Location- Tonle Bassac

Rent– $ 350/month

With just this price, you can get this fully furnished 1 bathroom and 1 bedroom apartment. It also has a spacious living room and kitchen open to a balcony. It is a perfect fit for students and couples and has a motorcycle parking facility. 

2-Bedroom Serviced Apartment

Location- BKK3

Rent– $ 850/month

This apartment has 2 bedrooms and 2 washrooms with a kitchen and a small storage room. It has a spacious living room connecting with a dining space and with furniture and plenty of natural light. You can get parking space and 24*7 security with everyday cleaning service. 

1 Bedroom Apartment

Location– Boeung Salang

Rent– $ 380/month

This apartment has 1 bedroom and 1 bathroom with a modern living room. It has an L-shaped kitchen, a balcony, and a washing machine area. It has a parking area, elevator, and smoke detectors with sprinklers in the house. 

All you gotta do is search for yourself, or if you want an easy option, get help from a reliable real estate agency that can help you find one per your budget and requirement. 

How Can Real Estate Agencies Help In Finding Budget-Friendly Apartments in Phnom Penh?

Access To Numerous Properties

Real estate agencies have databases of various luxurious and cheap apartments. They have a well-categorised property list that can help you find apartments per your needs and budget.

Powerful Negotiators

They can also help bargain the apartment price, which will be profitable for both the customer and the owner. They can discuss rental prices on the customer’s behalf and save some money. 

Guidance And Advice

Real estate agencies can guide you regarding advantages, disadvantages, paperwork, ownership, etc. They can help clarify the different types of apartments available, explain the rental process, and outline any additional fees related to renting a property.

Hassle-Free Paperwork

Renting a place involves a lot of paperwork which can be time-consuming. It can help you to be aware of any fraud or forgery shortly. 

Conclusion

If you are looking for a real estate agency to help you find cheap apartments for rent in Phnom Penh City, it is IPS Cambodia. Their well-trained and knowledgeable staff know every in and out of Phnom Penh. Besides, once you connect with them, they will help with everything from shortlisting to after-sale services in case of need. 

So don’t wait and find an affordable rental apartment in Phnom Penh with IPS Cambodia.

Also Read: How To Scale Real Estate Investing: A Brief Guide