Find Real Estate Properties in Phnom Penh

Phnom Penh: The Capital City of Cambodia

Dive into Cambodia's real estate market 2023 with IPS Cambodia, your expert local real estate agent in Phnom Penh, assisting you with the range of condos for rent in Phnom Penh options. We're here to help you find that perfect investment – condominiums in Phnom Penh that are not just about earning rent but also about growing in value and offering a fantastic lifestyle with cool amenities like pools and gyms.

The global economy and COVID-19 have thrown a few challenges for Cambodia, leading to business closures, job losses, and slowed economic growth, contracting the GDP by 3.1%. The real estate market has significantly affected Cambodia’s economic recovery post-COVID. 

Powered by a young, vibrant population and strong economic basics, Cambodia's real estate market is a smart place for investment. A real demand for places to rent and affordable homes opens up many investor opportunities. 

We at IPS Cambodia know that buying property, especially overseas, can be tricky. But don't worry, we've got your back. From finding the right condo to sorting out all the legal and financial details and even managing your property, we're here to make everything easy and stress-free. Trust us to guide you into Phnom Penh's dynamic property market – an adventure with local experts you must not miss!

What are the Top 3 Reasons to Rent in Phnom Penh Condos? 

Scenic Living with Easy Access to Leisure Activities

• Renting a condo in Phnom Penh offers the unique advantage of being close to the Tonle Sap River.
• Imagine unwinding after a busy day by cruising along this picturesque waterway, especially during sunset.
• This proximity to natural beauty and leisure activities is a significant perk of condo living or opting for a condo for rent in the city.

Convenience of Currency and Daily Transactions

• As a condo resident in Phnom Penh, you'll enjoy the ease of financial transactions.
• US dollars are widely accepted alongside the Cambodian riel, with the exchange rate fluctuating between 4000 and 4200 Cambodian riels for 1 USD, making small to large purchases straightforward.
• This dual-currency system benefits expatriates and travellers, ensuring smooth and hassle-free daily transactions.

Access to Quality International Education

• The availability of reputable and top international schools in Phnom Penh is crucial for expatriate families.
• Renting a condo in Phnom Penh places you in a favourable location to access these educational institutions.
• The city's evolving education system, with its diverse international schools, offers high-quality education options, making it ideal for families prioritising their children's learning experience.

Advantages of Choosing a Condo for Rent in Phnom Penh

Streamlined Maintenance

• Condos for rent typically offer hassle-free living with common areas and external maintenance handled by management, saving you time and effort.

Prime Locations

• Condos for rent in Phnom Penh are often in prime areas like Tuol Kork, providing easy access to essential services, entertainment, and cultural hotspots.

Space Efficiency

• Condos for rent are designed to maximise space, offering efficient and practical living solutions, ideal for urban lifestyles.

Furnished Options

• Many condos for rent in Phnom Penh come furnished, reducing the hassle of buying and moving furniture, perfect for those seeking a move-in-ready option.

Professional On-Site Management

• With professional management, condos for rent ensure prompt attention to repairs and renovations, providing a well-maintained living environment.
• Check out our guide on the basics of property management in Cambodia to know more. 

High Resale Value

• The growing demand for condos in Phnom Penh often leads to a high resale value, making them a smart investment choice.

Investment Opportunities

• Condos in Phnom Penh present significant investment potential due to the city's rapid economic growth and real estate market development.

Enhanced Privacy

• Condos for rent offer privacy and personal space often challenging to find in dense urban settings.

Legal Protections

• Renting a condo typically comes with clear legal protections and well-defined rental agreements, offering peace of mind to tenants.
• Local real estate agents at IPS Cambodia offer real estate document processing services for condos for rent or purchase in Cambodia, making the process easier and hassle-free for investors. 

Environmental Sustainability

• Some condos are built with environmental considerations in mind, featuring energy-efficient designs and green spaces.

Community Living

• Condos offer a sense of community, with shared spaces and amenities fostering social interactions among residents.

Safety and Security

• Enhanced security features like gated entrances and condo surveillance systems provide a safer living environment.

Accessibility

• Many condos are designed with accessibility in mind, catering to the elderly and those with mobility challenges.

What is the Standard of Living in Phnom Penh? 

Affordable Rental Housing

• In Phnom Penh, various rental options catering to different budgets will be available.
• A centrally located two-bedroom condo for rent in Phnom Penh can be surprisingly affordable, as low as $550 per month.
• This affordability extends to utilities like electricity and water, which are also reasonably priced.

Diverse Food Choices

• The city's culinary scene is a delight for food enthusiasts.
• From local street food to more upscale Western-style dining, there's something for every palate and budget.
• This variety means residents can enjoy various dining experiences without breaking the bank.
• Check out the list of 9 best dishes you must try in Cambodia Cambodia food to savour the best local taste. 

Cost-Effective Transportation

• Getting around in Phnom Penh is easy and affordable.
• Tuk-tuks, the city's iconic three-wheeled taxis, usually offer convenient rides between $1 and $2.
• For even cheaper options, public buses are available, providing reliable and budget-friendly transportation.

Also, make sure to scope out all the information regarding the tuk tuk app in Cambodia.

Varied Entertainment Options

• Phnom Penh Entertainment covers free cultural activities like temple visits and exploring local markets, as well as nightlife with bars, restaurants, and Phnom Penh clubs.
• This range of options ensures that regardless of your budget, there are always activities to enjoy and places to explore.
• IPS Cambodia’s local experts have a list of things to do in Phnom Penh to help with various options, serving every interest type.

Condo Types, Characteristics and Rent Offered by IPS Cambodia

Finding the right condo to rent in Phnom Penh is about matching your lifestyle and needs. Think about the neighbourhood that feels right for you. Do you need to be near the best international schools? Want easy access to shopping malls and local markets? If you've got a family, you'll want a family-friendly area. Don't worry; we're here to help you find the condo for rent in Phnom Penh that's just right for you.

Affordable Condos

• Budget-friendly ($200 - $400 per month), ideal for value-seekers, offering studio to 2-bedroom units without compromising basic amenities.

Mid-End Condos

• Balance affordability with luxury ($400 - $700 per month), featuring 1 to 3 bedrooms, additional amenities, and refined finishes.

High-End Condos

• Luxurious spaces with 1 to 4 bedrooms ($700 - $1,500+ per month), premium features, and amenities located in prime areas.

High Rise Condos

• Towering structures ($500 - $1,200+ per month) with 1 to 3 bedrooms, offering spectacular views and upscale amenities.

Low Rise Condos

• Smaller buildings ($300 - $600 per month) with a more intimate feel, offering 1 to 3 bedrooms.

Townhouse Condos

• Multi-floor, 2- 4-bedroom homes in shared complexes ($400 - $800 per month), blending private and communal amenities.

Garden Style Condos

• Featuring 1 to 3-bedroom units ($350 - $700 per month) with communal outdoor spaces, often landscaped.

Loft Condos

• Open-plan, 1- 2-bedroom units ($450 - $900 monthly), typically converted from industrial spaces with high ceilings.

Duplex or Triplex Condos

• Multi-story, 2- 4-bedroom units within a complex ($600 - $1,200 monthly) offering space and privacy.

Converted Condos

• Unique 1 to 3-bedroom spaces ($400 - $800 per month) transformed from buildings like factories.

Resort Condos

• Located in holiday destinations, 1 to 3-bedroom units ($500 - $1,500+ per month) with luxurious amenities.

Condo Hotels

• 1 to 2-bedroom condos ($600 - $1,200+ per month) in hotel complexes, offering hotel-like amenities and services.

Senior Condos

• Tailored for older adults, 1 to 2-bedroom accessible designs ($350 - $700 per month) with age-friendly facilities.

Affordable Housing Condos

• Budget-friendly 1 to 2-bedroom units ($200 - $400 per month), addressing accessible housing needs.

Luxury Condos

• Top-of-the-line 1 to 4-bedroom units ($800 - $2,000+ per month) with exclusive amenities and features.

Co-op Condos

• Community-driven environment with 1 to 3-bedroom units ($300 - $700 per month) and shared building ownership.

Waterfront Condos

• Scenic 1 to 3-bedroom units near water bodies ($700 - $1,500+ per month), often at premium prices.

Eco-Friendly or Green Condos

• Sustainability-focused 1 to 3-bedroom units ($400 - $800 per month) with energy-efficient systems.

Mixed-Use Condos

• 1 to 2-bedroom units ($450 - $900 monthly) in complexes with retail or office spaces.

Artistic or Creative Condos

• 1 to 2-bedroom units ($350 - $700 per month) in culturally vibrant areas with artistic design.

Micro Condos

• Compact studio or 1-bedroom spaces ($200 - $400 per month), designed for simplicity and affordability.

Vacation Fractional Ownership

• Ideal for holiday homes, shared rights for 1 to 3-bedroom property use ($500 - $1,200+ per month).

Popular Areas to Rent Condos in Phnom Penh

Phnom Penh, a city where tradition meets modernity, offers a variety of neighbourhoods, each with distinct characteristics. If you're considering renting a condo here, whether as an expat, traveller, or local, this guide will help you explore some of the best districts in Phnom Penh:

Boeung Keng Kang (BKK)

• BKK, particularly BKK1, BKK 2, and BKK 3, is popular among ex-pats for its cosmopolitan atmosphere. 
• It's known for trendy cafes, international restaurants, and boutique shops. 
• Condo rentals in BKK offer a blend of luxury and comfort, with rates for one-bedroom units from $600 to $1,100, climbing to $2,500 for spacious three-bedrooms.

Tonle Bassac

• Adjacent to BKK1, Tonle Bassac is an upscale area that seamlessly combines urban and serene lifestyles. 
• It's close to major landmarks like Aeon Mall and the riverside, offering a mix of modern condos with rates mirroring those in BKK1.
• Monthly rents for condos for rent in Tonle Bassac for 1 bedroom vary from USD 600 to USD 1200, 2 bedrooms from USD 900 to USD 1500, and 3 bedrooms from USD 1500 to USD 2500. 

Toul Tum Poung (Russian Market)

• Centred around the famous Russian Market, Toul Tum Poung is a cultural melting pot with various shopping and dining options. 
• Condo rentals offer affordability and a local experience, with one-bedroom units priced between $450 and $1,000.

Daun Penh

• Daun Penh is the historical heart of Phnom Penh, featuring landmarks like Wat Phnom and the Royal Palace. 
• It offers a mix of traditional and modern living with condos near the riverside, ranging from $400 for a modest one-bedroom to $2,000 for a luxury three-bedroom.

Khan 7 Makara

• Makara district is gaining attention for its growth potential.
• It's an area witnessing transformation with new developments, making it an ideal spot for those looking for value investments in an up-and-coming part of the city.

Tuol Kork (TK)

• Perfect for families, Tuol Kork is known for its spacious villas and tranquil tree-lined streets. It offers modern condos with easy access to international schools and large shopping centres. 
• Rental prices here are attractive, from $400 for one bedroom to $1,800 for larger family-sized units.

Meanchey

• Predominantly industrial, Meanchey is evolving into a residential hub.
• It's attracting attention for its affordable housing options, appealing to those seeking budget-friendly accommodations.

Russey Keo

• With its large developments and mixed-use projects, Russey Keo is becoming a diverse residential area.
• It's ideal for those who appreciate a blend of local and expat communities.

Sen Sok

• This neighbourhood in northwest Phnom Penh is known for modern developments, gated communities, and proximity to AEON Mall 2. 
• It caters to a range of budgets, offering affordable to mid-range condos.

Por Senchey

• Close to Phnom Penh International Airport, Por Senchey is perfect for those who travel frequently or prefer easy access to the airport. 
• The area is a mix of residential and commercial properties, offering both convenience and a variety of lifestyle choices.

Chbar Ampov

• Chbar Ampov is a district on the rise, known for its breathtaking views of the Mekong River. 
• It's becoming an attractive option for those seeking a balance between city life and tranquil riverside living.

To know more about popular areas for rent in Phnom Penh, check out our detailed Phnom Penh area guide.

How can IPS Cambodia help you rent a condo in Phnom Penh?

As a premier real estate company, IPS Cambodia assists individuals and families in securing their ideal homes. Our deep knowledge of Phnom Penh's real estate market and commitment to exceptional customer service make us your ideal partner in finding the perfect condo for rent. Here's how we can assist you:

Ample Listings of Rental Properties

• Our website boasts a vast and up-to-date collection of condos for rent in Phnom Penh.
• Whether you're looking for a cosy studio, a one-bedroom condo, a spacious family unit, or a luxurious penthouse, our extensive listings for condos for rent in Phnom Penh cater to various needs, preferences, and budgets.

Personalised Consultation

• Understanding that browsing listings are just the beginning, our team of expert agents offers personalised consultation.
• We take the time to understand your requirements and preferences, allowing us to provide tailored advice and pinpoint properties that align with your desired location, budget, and lifestyle.

Expertise in the Local Market:

• Our profound understanding of Phnom Penh's rental market dynamics, neighbourhood characteristics, and trending areas positions us to give you invaluable insights.
• This local market proficiency helps us guide you towards making informed decisions when choosing a rental condo.

Viewings and Negotiations Support

• Once you've shortlisted potential condos, we will arrange viewings at your convenience.
• Our agents will accompany you, offering expert insights and addressing any queries about the properties.
• Additionally, we assist in negotiating favourable lease terms to ensure you secure the best deal.

Lease Agreement Assistance

• Navigating lease agreements, especially in a foreign country, can be daunting.
• We simplify this process by providing comprehensive support on lease and sale services.
• Our team reviews whether its a long or short term lease or to protect your interests and assists with all necessary paperwork, ensuring a smooth and straightforward experience.
• Check out our guide on the paperwork involved in leasing out condos and apartments in Cambodia. 

Post-Rental Support

• Our commitment extends beyond the rental process.
• We provide top-notch post-rental support to address issues or queries during your tenancy.
• Our dedicated team is just a phone call away, ready to assist with maintenance requests, utility setups, or any general concerns, ensuring your rental experience in Phnom Penh is as seamless as possible.

Step-by-Step Guide on Renting a Condo in Phnom Penh

Renting a condo in Phnom Penh is streamlined when you follow these steps, especially with IPS Cambodia guiding you through every stage:

Step 1 - Connect with a Property Expert:

• Contact a reputable agency like IPS Cambodia to discuss your condo rental needs, including location, budget, and specific amenities.

Step 2 - Define Your Requirements:

• Detail your requirements, such as the number of bedrooms, desired features, and other specific preferences for your condo.

Step 3 - Explore Available Condos:

• Based on your criteria, IPS Cambodia will present a selection of condos that align with your needs.

Step 4 - Visit and Inspect Properties:

• Book a property viewing and inspect each condo, noting the condition, amenities, and neighbourhood.

Step 5 - Negotiate and Make an Offer:

• If you find a suitable condo, negotiate the terms. IPS Cambodia will assist in securing a favourable deal.

Step 6 - Finalize the Rental Agreement:

Before signing the rental agreement, ensure the following:

Required Documents for Renting

• Valid identification (passport for ex-pats, ID card for locals)
• Proof of income or employment
• References from previous landlords or employers

Legal Considerations

• For expats: Updates on laws related to foreign nationals renting in Cambodia, including government policies on foreign investments and residency. Our experts at IPS  Cambodia have drafted a complete expat guide to assist foreigners with every minor detail regarding condos for rent in Phnom Penh. 
• For locals: Understanding property laws, legal obligations and rights as tenants.

Step 7 - Payment Processes

Understand the payment terms and conditions:

• Payment Terms: Typically, rentals require monthly payments, with some landlords asking for a security deposit.
• Accepted Payment Methods: Cash, bank transfer, and sometimes credit cards.
• Financing Options: Information on local banking services and mortgage options if considering buying.

Step 8 - Moving and Settling In

A. Moving Services

• Recommended Moving Companies: Select a reliable company like AGS International Movers or Asian Tigers, known for its professionalism and efficiency.

• Checklist for a Smooth Moving Process: Create a checklist that includes sorting your belongings, deciding what to move, packing and labelling your items clearly, and arranging transportation. Ensure you have all necessary documents if moving from abroad for customs clearance.

B. Setting Up Your New Home

• Utility Setup Guide: Once you move in, set up essential utilities such as electricity, water, gas, and internet. This might involve contacting local service providers, setting up new accounts, or transferring existing ones.
• Decorating and Optimizing Space: Personalize your new space by decorating it to reflect your style. Consider space-saving furniture and storage solutions to maximise the available space.

C. Community Integration

• Familiarise yourself with the local area, join community groups, or attend local events to integrate into your new neighbourhood.

Step 9 - Property Management Services Post-Renting

• For any queries or issues post-renting, contact IPS Cambodia’s management team for prompt assistance.

Step 10 - Maintenance and Repair

In case of maintenance or repair needs:

• Process for Reporting Issues: If you encounter any maintenance or repair issues, report them to the property management team or your landlord as soon as possible. Provide a detailed description of the problem to ensure it is understood correctly.
• Expected Timelines for Fixes: The time to address and fix an issue can vary. Minor repairs might be resolved quickly, while more significant problems may take longer. The property management team should give you an estimated timeline for resolving any reported issues.

Explore the wide range of condos listed with IPS Cambodia. Discover your perfect home in Phnom Penh. Use our easy-to-fill inquiry forms for a quick and detailed response to all your condo rental queries.

Sought-After Locations in Phnom Penh to Rent a Condo?

Browse our curated selection of condos for rent across Phnom Penh's areas, carefully chosen to cater to discerning tastes and lifestyles.

Prime Phnom Penh Condos for Rent

Frequently Asked Questions