Apartments for Rent in Cambodia

Cambodia’s real estate market is experiencing significant growth and has witnessed a massive transformation in the past 10 years due to combinational factors, including a boom in foreign investment in large-scale property developments, tourism, favourable government policies to attract foreign investors and strategic locations. Most of these projects are planned in the heart of Cambodia, rapidly evolving the skyline. 

One of the critical trends of the Cambodian real estate market in 2023 is the shift towards affordable properties, as buyers and renters are turning out to be more price-sensitive, thereby surging the demand for affordable rental properties or apartments for rent in Cambodia.  

The overall demand for rental properties in Phnom Penh, Sihanoukville and Siem Reap is expected to grow in 2023, driven by the country’s population and economy. If you’re also looking to rent an apartment in Cambodia, our real estate agents are there to assist you. We have rental apartment listings from $200 to $600 or even more, varying according to the tenant's needs.

Reasons To Rent An Apartment In Cambodia

Affordability

• Renting in Cambodia is cost-effective. The same budget can secure more spacious and better-equipped apartments than many other countries.

Cultural Experience

• Cambodia offers a rich cultural environment. Residents can witness and participate in local festivals and traditional ceremonies, providing insights into Cambodian life.

Strategic Location

• Cambodia's position in Southeast Asia is central, making it convenient for travel to neighbouring countries like Thailand, Vietnam, and Laos.

Growing Expat Community

• Cambodia has a steadily increasing expatriate population. This community offers support and guidance for newcomers, aiding in their transition.

Modern Amenities

• Many Cambodian apartments, despite the country's historical backdrop, are equipped with contemporary facilities such as updated kitchens, air conditioning, and reliable internet. 

Lifestyle

• Cambodia's lifestyle balances traditional practices with modern conveniences. Daily life can include traditional Cambodian beverages like Khmer coffee and urban experiences in cities like Phnom Penh.

Furthermore, if you're thinking of settling in Cambodia and wondering about the cost of living in Cambodia along with the cost of living in Phnom Penh  we've whipped up a guide to help you figure out the same.

Find the Best Flats and Cambodian Apartments for Rent in Cambodia

IPS Cambodia your ultimate destination for finding exceptional flats and apartments for rent in Cambodia. Whether you're a local resident seeking a new home or an expatriate exploring opportunities in this vibrant country, we offer an extensive range of apartments to cater to your needs.

Explore our wide range of cambodia apartment for rent, from different sizes 1, 2 & 3 bedroom’s budgeted apartment to service apartment and from studios to luxury penthouse apartment. You can also choose between high-rise, mid-rise, and low-rise apartments in the the major areas like Phnom Penh, Siem Reap and etc. in Cambodia.

About Apartments and their Characteristics

Before jumping to rent apartments in Cambodia with IPS Cambodia, let’s first understand about what are the different types of apartment and their characteristics.

An apartment and a flat are both terms used to describe self-contained residential unit designed for individuals and families to live in and offer a range of amenities and facilities. An apartment is a term commonly used in North America and refers to a private living space within a multi-unit building. On the other hand, the term "flat" is more commonly used in British English and is synonymous with an apartment.

Types of Apartment Buildings

Low-rise Apartment Buildings

• Apartments usually occupy a part of a building that has two or three units, typically one to a floor. Due to few stories they may not have an elevator.

Mid-rise Apartment Buildings

• In this type of apartment buildings, you can find 2 to 3 apartments on one floor and the building has 5-12 floors.
• Moreover, these residential apartment buildings may also offer common amenities like gymnasium, swimming pool and a recreational area for residential people.
• They also have elevators.

High-rise Apartment Buildings

• These types of apartment for rent in Cambodia are typically luxury residential apartment building. it might also as offices, shops, and restaurants or only as a residential building.
• These high-rise residential apartment buildings might also as offices, shops, and restaurants in the initial 2-3 floors or can be only be residential apartment building.
• The buildings have 4-5 apartments on one floor and the building has 12 to 40 floors. Above 40 floors the building is termed as skyscraper.
• These apartment buildings have fully functional gymnasium, big swimming pools, recreational area for kids, conference room, banquet hall for small functions, parks and courts for different sports.

Apartment Types, Characteristics and Avg. Rent Prices

Studio Apartments

• It is the smallest type of residential space.
• These units usually consist of a single main room which acts as the combined living room, dining room, and bedroom.
• Some options also have a terrace and balcony.
• Some studio apartments for rent Cambodia also features kitchen furnishings and a separate bathroom.
• Avg Rent Price: $350-$600 Per Month.

Garden Apartment

• Also known as a ground-floor apartment or a garden-level apartment, is a type of residential unit that is situated on the ground level of a building and typically has direct access to an outdoor garden or green space.
• These apartments are often located in buildings that have multiple floors, and the garden area may be shared by residents or exclusive to the specific apartment.
• Avg Rent Price: $500-$1500 Per Month.

Basement Apartment

• A basement apartment, also known as a basement suite or basement flat, is a type of residential unit located in the basement or lower level of a building before or beside the parking area.
• These apartments are typically situated below ground level and have their own separate entrance.
• These apartments are found in low-rise buildings.
• Avg Rent Price: $400-$800 Per Month.

Duplex Apartment

• It is also known as a maisonette, is a type of residential unit that spans across two levels within a building.
• It is designed in a way that combines two separate floors or levels, typically connected by an internal staircase.
• Duplex apartments offer the advantage of additional space and a layout that provides a sense of separation between different living areas.
• Avg Rent Price: $700-$1500 Per Month.

Loft Apartment

• Loft apartments are typically converted from former industrial or commercial spaces, such as warehouses, factories, or office buildings, into residential living areas.
• They are popular in urban areas and known for their unique architectural features.
• Avg Rent Price: $800-$1800 Per Month.

Serviced Apartment

• Service apartments are also known as extended-stay apartments, are fully furnished residential units that offer hotel-like services and amenities.
• These apartments may also include housekeeping, maintenance, and utilities.
• These apartments are designed to provide a comfortable and convenient accommodation option for both short-term and long-term stays.
• Avg Rent Price: $500-$1500 Per Month.

Penthouse Apartment

• A penthouse apartment is a luxurious and exclusive residential unit that is typically located on the top floor of a building, offering breathtaking views and premium features.
• It is considered the pinnacle of residential living and is often associated with high-end real estate and affluent lifestyles.
• Avg Rent Price: $4000-$9000 Per Month.

One Bedroom Apartment

• Also known as one BHK (Bedroom, Hall, Kitchen) apartment.
• Perfect for single professionals or couples desiring a separate bedroom and a cozy living area.
• Avg Rent Price: $400-$1300 Per Month

Two Bedroom Apartment

• Also known as two BHK apartments, they are suitable for small families or those requiring extra space for a home office or guests.
• It has two separate bedrooms, a spacious living area, equipped kitchen, and one or two bathrooms.
• Avg Rent Price: $700-$2500 Per Month.

Three Bedroom Apartment

• Also known as three BHK apartment. Spacious options for larger families or individuals seeking roommates.
• They have three bedrooms, multiple bathrooms, a large living area and a fully equipped kitchen.
• Avg Rent Price: $1200 - $3500 Per Month.

Incase if you are still not sold on the apartment after hearing all about it? No worries! Our detailed guide- Condo, Apartment, Serviced Apartment: Which One is For You? Will help you decide.

Standard of Living in Cambodia

Economic Context

• Classified as a lower-middle-income nation by the World Bank.
• The per capita GDP was $1765 in Dec 2022, influencing rental prices.

Rural vs. Urban Living

• While many Cambodians live in rural areas, urban centres are seeing growth in apartment rentals.
• Agriculture dominates in rural regions, but urban areas offer diverse job opportunities.

Affordability of Rentals

• The poverty rate, though reduced, stands at 13%, making affordable housing crucial.
• Cambodia's relatively low cost of living translates to competitive rental price.

Cultural Influence on Rentals

• Rich cultural heritage can be seen in traditional Cambodian housing designs.
• Modern apartments, however, are blending traditional aesthetics with contemporary comforts.

Friendly Neighborhoods

• Cambodian communities are known for their warmth and hospitality, creating pleasant living environments.

Emergence of Middle Class

• The rising middle class is driving demand for modern apartments with better amenities.

Infrastructure & Rentals

• Improved city infrastructure is boosting the appeal of urban living and apartment rentals.
• Better roads and connectivity make commuting easier for urban dwellers.

Educational Proximity

• With efforts to enhance education, many families seek rentals close to educational institutions.

Healthcare & Living

• Urban areas offer better healthcare facilities, attracting more residents and influencing rental demand.
• Proximity to healthcare centres can be a deciding factor for many renters.

Tourism & Short-Term Rentals

• Cambodia's rich history, exemplified by sites like Angkor Wat, attracts tourists.
• This has given rise to short-term apartment rentals and serviced apartments catering to tourists.

Popular Areas to Rent Apartment in Cambodia

When it comes to rent apartment Cambodia, there are several popular areas that offer attractive options for residents. IPS Cambodia, a trusted real estate agency, can help you navigate these areas and find the perfect apartment that suits your needs and preferences.

Some of the Popular Areas in Cambodia:

Apartment for Rent in Phnom Penh, Cambodia

Phnom Penh is the busiest and most populated area in the country. As the capital and seat of government in the Kingdom of Cambodia, Phnom Penh is also the central business district where most of the foreign embassies, government offices, and non-government offices are located.

Due to the prevalence of the expat community in Phnom Penh, the demand for residential spaces increased exponentially in the last decade. Apartment buildings and condominiums had been built to cater to this demand.

Depending on your area preferences, the price range for an apartment for rent in Phnom Penh can start from $300++ and above, depending on the number of rooms, quality of furnishings and additional amenities.

Apartment for sale can start at $20,000 and above. Again, depending on the quality of furniture provided, number of rooms and additional amenities like swimming pool and gym.

These residential spaces are very practical for foreigners who are staying long term in the country and for investors who are looking for a type of business that provides a steady income and requires minimum or limited management.

Apartment for Rent in Siem Reap, Cambodia

Siem Reap is a busy tourist area and is home to many expatriates that fell in love with Cambodia. Although the hotels and guest houses are more in demand especially during the tourist season, the demand for an apartment is still very high.

Short term staying expatriates prefer the small spaces than the usual villas scattered around Siem Reap. An apartment or flat in Siem Reap province is cheaper than their counterparts in Phnom Penh but provides the same amenities and conveniences.

Rental prices in Siem Reap can range from $150 and above, depending on the area, number of bedrooms, size, quality of furnishings and additional amenities.

How IPS Cambodia Can Help to Rent Apartments in Cambodia?

Are you considering renting an apartment in Cambodia? Look no further than IPS Cambodia, the leading real estate agency in the country. With a stellar reputation and a track record of excellence, IPS Cambodia stands out as the premier choice for expats seeking high-quality rental properties.

Also, take a look at the key considerations before buying an apartment in Cambodia.

Benefits of Choosing IPS Cambodia to Rent Apartment in Cambodia

Extensive Property Listings

• IPS Cambodia boasts an extensive portfolio of rental properties throughout the country, catering to a wide range of budgets, preferences, and locations.
• Whether you're looking for a luxurious condo for sale in Phnom Penh, a cozy apartment in Siem Reap, or a serene villa in Sihanoukville, IPS Cambodia has the perfect property to suit your needs.
• With their comprehensive database, you can easily find the ideal apartment that aligns with your lifestyle and requirements.

Expertise and Local Knowledge

• With years of experience in the Cambodian real estate market, IPS Cambodia's team of professionals possesses unparalleled expertise and in-depth knowledge of the local property landscape.
• They understand the nuances of the rental market, ensuring that you receive accurate and up-to-date information about available properties, rental prices, and legal requirements.
• By choosing IPS Cambodia, you gain access to their expertise, making the rental process efficient, transparent, and hassle-free.

Personalized and Professional Service

• IPS Cambodia takes pride in providing personalized and professional service to their clients.
• Their team of dedicated agents goes above and beyond to understand your specific needs, preferences, and budget.
• They take the time to listen and offer tailored recommendations, ensuring that you find the perfect apartment that meets your expectations.
• Whether you have specific requirements or need guidance throughout the rental process, IPS Cambodia's agents are committed to delivering exceptional service with a focus on your satisfaction.

Trustworthiness and Integrity

• When it comes to renting apartments, trustworthiness and integrity are paramount.
• IPS Cambodia has built a solid reputation based on their commitment to honesty, transparency, and ethical business practices.
• They maintain open communication, providing accurate information and guiding you through every step of the rental process.
• With IPS Cambodia, you can be confident that your interests are protected, and you are making an informed decision when renting an apartment.

Additional Services and Support

• Beyond their core real estate services, IPS Cambodia offers a range of additional support to facilitate your transition to Cambodia.
• From visa assistance and relocation advice to property management services, they are dedicated to ensuring a seamless and stress-free experience.
• IPS Cambodia's comprehensive approach goes beyond renting apartments, providing you with the necessary support to settle into your new home with ease.

Why Choose Cambodia for Renting Apartments?

Cambodia presents a remarkable opportunity for individuals seeking apartments for rent. With its growing economy and expanding job market, the country offers a plethora of employment prospects and a promising future. Moreover, the cost of living in Cambodia is relatively affordable, allowing you to enjoy a comfortable lifestyle without breaking the bank. The rich cultural attractions and unique lifestyle add to the appeal of residing in this captivating Southeast Asian nation.

Other reasons to choose Cambodia rental apartments are:

Foreign Ownership Law

• One of the standout advantages of renting an apartment in Cambodia is the country's foreign ownership law.
• Unlike many other nations, Cambodia allows foreign nationals to own apartments on a freehold basis.
• This means that as a foreigner, you can enjoy the same property rights as Cambodian citizens, providing a sense of security and long-term investment potential.

Affordable Cost of Living

• Cambodia offers a remarkably affordable cost of living, making it an attractive destination for those seeking value for money.
• Renting an apartment in Cambodia is significantly cheaper compared to other countries in the region.
• Whether you choose a modern apartment in the capital city of Phnom Penh or a cozy residence in a serene countryside setting, you'll find that your budget stretches further, allowing you to enjoy a comfortable lifestyle without breaking the bank.

Flexibility

• Cambodia's rental market offers a great deal of flexibility, allowing tenants to find apartments that suit their specific needs and preferences.
• Whether you are looking for a apartment for short-term lease or a long-term rental, you'll find a range of options available.
• From fully furnished apartments to unfurnished ones that can be personalized to your liking, Cambodia's rental market caters to a variety of lifestyles and budgets.

Natural Beauty and Outdoor Recreation

• Escape into nature's embrace in Cambodia, a country blessed with stunning natural beauty.
• From pristine beaches along the coast of Sihanoukville to the lush jungles of Mondulkiri, Cambodia offers a plethora of outdoor recreation opportunities.
• Renting an apartment in Cambodia allows you to explore these captivating landscapes and engage in activities such as hiking, swimming, and exploring wildlife sanctuaries, ensuring a well-rounded and fulfilling lifestyle.

Steps to Rent an Apartment in Cambodia

Call our Executive > Tell your requirements > Finding the best rented properties available> Property visit and inspection > Negotiate and make an offer > Signing the rental agreement > Enjoy the Stay!

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Renting an apartment in Cambodia can be a smooth and straightforward process when you follow the right steps. Whether you're a first-time expat or a seasoned resident, understanding the rental process is crucial for finding your ideal home. By following these steps, you can navigate the rental process with confidence and ensure a successful and hassle-free experience.

Step 1 - Call our Executive

• The first step is to get in touch with a reputable real estate agency in Cambodia, such as IPS Cambodia.
• All our executives are trained to offer multilingual support and real-time assistance and have language options for expats and international clients.
• Give them a call and discuss your requirements for renting an apartment.
• Share important details such as preferred location, budget, desired amenities, and any specific preferences you may have.
• This initial conversation helps the agency understand your needs and narrow down the search for suitable rental properties.

Step 2 - Tell Your Requirements

• During the call, provide comprehensive information about your requirements.
• Be clear about the number of bedrooms, preferred size, desired facilities, and any other specific features you are looking for in an apartment.
• The more detailed you are, the better the agency can match your needs with the available properties in their database.

Step 3 - Finding the Best Rented Properties Available

• Based on the information you provide, the real estate agency will search their extensive database to find the best rental properties that match your criteria.
• They will present you with a selection of available apartments that meet your requirements, saving you time and effort in the search process.

Step 4 - Property Visit and Inspection

• Once you have shortlisted a few options, the next step is to schedule property visits.
• The real estate agency will arrange appointments for you to visit the Cambodia apartments in person.
• During the visits, carefully inspect the property, paying attention to the overall condition, amenities, and any specific features you desire.
• Take note of any potential maintenance issues or necessary repairs.

Step 5 - Negotiate and Make an Offer

• If you find an Cambodia apartments for rent that meets your expectations, it's time to negotiate the terms and make an offer.
• Work closely with the real estate agency to determine a fair rental price and any additional terms or conditions you may require.
• The agency will facilitate the negotiation process, acting as an intermediary between you and the property owner.

Step 6 - Signing the Rental Agreement

• Once the terms have been agreed upon, the next step is to sign the rental agreement.
• The real estate agency will provide you with the necessary paperwork, including the lease agreement and any additional documents, including passport, VISA, security deposit, work permit, rental agreement, bank statement, employee contract and reference letter, required by law.
• Carefully review the agreement, ensuring that all the agreed-upon terms are included before signing. Seek clarification on any points that may be unclear or require further explanation.

Step 7- Payment Processes

• Before sealing the deal, getting a clear picture of the rental's payment terms is crucial. Will you be paying monthly or quarterly?
• Additionally, it's good to know which payment methods the landlord or agency prefers.
• Does the landlord accept bank transfers, checks, or digital payments?

Step 8- Moving and Settling In

• Moving in Cambodia apartment rentals can be daunting, but it becomes a breeze with the right moving company.
• Do some research or ask for recommendations to find a trustworthy mover.
• Once you've relocated, take the time to set up your utilities properly.
• And remember, making a house feel like a home often involves adding personal touches, so decorate in a way that resonates with you. As you settle, reach out and connect with local communities.
• Understanding and respecting local customs will make your integration smoother.

Step 9- Property Management Services Post Renting

• Even after you've moved in, maintaining open communication with your property management, like the team at IPS Cambodia, is essential.
• They're there to assist and ensure your stay is comfortable.

Step 10- Maintenance and Repair

• Living in a new space means occasional hiccups. Whether it's a leaky faucet or a flickering light, know how to report these issues.
• Familiarize yourself with how long typical repairs take so you can plan accordingly.

Step 11 - Enjoy the Stay!

• Congratulations! With the rental agreement signed and all necessary formalities completed, you can now enjoy your new apartment in Cambodia.
• Move into your Cambodia apartment rent make yourself at home, and take advantage of the amenities and features that attracted you to the property.
• Should any issues arise during your stay, contact the real estate agency for assistance and support.