Siem Reap a Vibrant City in Cambodia
In 2023, Cambodia's real estate market is poised for continued growth, driven by a robust economy and increased population. Commercial land is in high demand, with prices for different types of residential property along with commercial spaces expected to rise. Foreign investment is on the rise, although there may be some impact from the global economic slowdown. While there may be a slight slowdown in growth, the Cambodian market is relatively insulated and government support should limit the overall impact of the global economic conditions.
Siem Reap, located in Cambodia, is a vibrant and culturally rich city that attracts visitors from all over the world. It is most famous for being the gateway to the magnificent Angkor Wat temple complex, a UNESCO World Heritage site. Aside from its historical treasures, Siem Reap offers a bustling city atmosphere with a blend of traditional and modern attractions, making it an appealing destination for tourists and expatriates alike.
With increasing tourism there is a rise in apartments for rent and it has also become a popular choice for both short-term visitors and long-term residents. These apartments provide a comfortable and convenient living space, equipped with essential amenities and facilities. Moreover, Siem Reap apartments are considerably cheaper than apartment for rent in Phnom Penh and offer a relaxed and countryside lifestyle.
Reasons to Rent an Apartment in Siem Reap
Affordability
- Siem Rcheap offers cost-effective apartment rentals, making it a budget-friendly option compared to other sought-after Southeast Asian destinations.
Convenience
- Siem Reap's compact size ensures that most apartments are conveniently situated within walking distance of the city centre and the renowned Angkor Wat temple complex.
Flexibility
- Apartment rentals allow you to tailor your stay in Siem Reap to your desired duration, making it perfect for extended travel across Cambodia and Southeast Asia.
Amenities
- Many apartments in Siem Reap have appealing amenities such as swimming pools, gyms, and laundry facilities, enhancing comfort and convenience.
Cultural Experience
- Apartments for rent in Siem Reap immerses you in the local culture, enabling authentic interactions with neighbours and the opportunity to explore local markets, contributing to a richer cultural experience.
Moreover, if you're still unsure whether Siem Reap or Phnom Penh is the right fit for you, our detailed comparison of life in both cities might help: "Living in Phnom Penh vs Siem Reap: Which City Suits You Best?"
Advantages of Choosing an Apartment for Rent in Siem Reap
Choosing an apartment for rent in Siem Reap comes with several advantages over other types of accommodation.
- Firstly, apartments offer more space and privacy compared to hotels or guesthouses.
- Secondly, they often come with fully equipped kitchens and living areas, giving you the flexibility to cook your own meals and enjoy a homely environment.
- Thirdly, apartments also provide a cost-effective option for long-term stays, as they are typically more affordable than extended hotel stays.
- Fourth, living in Siem Reap rentals allows residents to enjoy nature with plenty of space and fresh air. There are many lovely villages nearby where one can spend weekends cycling through temples or the countryside.
- Fifth, Siem Reap has a lot going on both culturally and economically, making it an attractive place for long-term living. This is especially true for those who enjoy exploring new places throughout the year. The town boasts many great restaurants serving cuisine from all around the world.
- Sixth, while Siem Reap may not have many condo developments, it offers a range of small apartment blocks or individual apartments in shophouses around the town centre. These can range from studio and one-bedroom flats to larger units with multiple bedrooms. For those needing more space, villas or houses are available for rent.
Turn Confusion into Clarity! Checkout our "House vs Villa" guide now.
- Seventh, apartments in Siem Reap is generally considered a safe place to live. The local authorities prioritize keeping the city clean and safe to attract tourists. The friendliness of the locals and the constant flow of people make it safe to wander around the town centre, even at night.
- Lastly, leases and rental contracts in Siem Reap are flexible, allowing renters to choose terms that suit their needs.
Apartment Types, Characteristics and Avg Rent offered by IPS Cambodia
When searching for apartments in Siem Reap, you'll come across various options to suit different lifestyles and preferences. Whether you're a solo traveller, a couple, a young professional, a small family, or even a larger family or group of roommates, IPS Cambodia in Siem Reap has a range of apartments to suit your needs and preferences.
Let's explore the different types of apartments available in the city:
Studio Apartments
- Studio apartments in Siem Reap are designed for individuals or couples seeking a compact and efficient living space.
- They typically feature an open layout, with the living area, bedroom, and kitchenette combined into a single room. The bathroom is usually separate, providing privacy and convenience. Some Siem Reap apartment for rent may also include a small balcony or terrace, allowing residents to enjoy fresh air and outdoor views.
- Avg Rent Price: $250 - $700
One-Bedroom Apartments
- One-bedroom apartments in Siem Reap are well-suited for young professionals or new couples seeking a bit more space and privacy.
- They typically comprise a separate bedroom, a living area, a fully equipped kitchen, and a bathroom. The bedroom offers privacy and serves as a dedicated space for rest and relaxation. The living area provides a comfortable space for entertaining guests or spending quality time with family.
- Avg Rent Price: $500 - $1,300
Two-Bedroom Apartments
- Two-bedroom apartments in Siem Reap are designed for small to midsize families or groups of roommates.
- They typically consist of two separate bedrooms, a spacious living area, a fully equipped kitchen, one or two bathrooms, and sometimes a balcony or terrace. The extra bedroom(s) provide more space and privacy, making it easier to accommodate family members or share the space with roommates.
- Avg Rent Price: $700 - $2,600
Three & Four Bedroom Apartments
For those in need of more spacious living accommodations, IPS Cambodia offers three and four bedroom apartments for rent in Siem Reap.
- These larger Siem Reap apartment for rent are suitable for extended families or individuals who require extra rooms for various purposes such as a home office, guest room, or playroom.
- These Siem Reap apartment rentals provide ample space for everyone to have their privacy and create a comfortable living environment. They typically feature multiple bathrooms, a generous living area, a fully equipped kitchen, and may include additional amenities such as balconies or terraces.
- Avg Rent Price: $1,100 - $3,500 (3 Bedrooms)
- Avg Rent Price: $2,400 - $4,500 (4 Bedrooms)
Serviced Apartments
- These apartment for rent Siem Reap are also known as extended-stay apartments and are best suitable for short-visit tourists who want to enjoy luxury.
- These types of 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: $400 - $1,600 (Studio & 1 Bedroom)
Penthouse Apartments
- A penthouse apartment is a luxurious and exclusive residential unit best suitable for big-families or extended families who want luxury stay.
- These Apartments are 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. Penthouse apartments are characterised by their expansive layouts, high ceilings, and premium finishes. They often feature private terraces or rooftop gardens, allowing residents to enjoy outdoor living and entertainment.
- Avg Rent Price:
Luxury Apartments
- Luxury apartments in Siem Reap redefine modern living with their high-end features, premium finishes, and exclusive amenities best suitable for big-families or extended families who want luxury stay.
- These apartments are designed to provide residents with an extravagant lifestyle. Luxury apartments often feature spacious layouts, sophisticated interior designs, top-of-the-line appliances, and luxurious bathrooms. They also offer a range of high-end amenities such as swimming pools, fitness centres, spa facilities, rooftop gardens, and concierge services.
- Avg Rent Price: $3,000 - $10,000.
Renting an apartment is only a part of the equation when considering the cost of living in Siem Reap. Our detailed guide offers a closer look at the various expenses to anticipate.
Popular Areas to Rent Apartment in Siem Reap
1. Slor Kram
- The district of Slor Kram is 10 minutes from downtown.
- It has Khmer Villas and apartment buildings owned by locals. Rental prices start from $250 and above.
- It has its share of local businesses and entertainment places, boutique hotels and guesthouses, all catering to the tourism industry.
- Slor Kram is a choice housing location because of its quiet neighbourhoods, the peace and quiet of the countryside, and its nearness to the central business area.
- Apartments for rent are available from $250 - $700 per month.
2. Svay Dangkum
- Just 5 minutes from Sivutha Boulevard, Svay Dangkum gets the most business brought by the Tourism sector.
- It is the home of the famous Pub Street and Old Market, the best night entertainment area in the whole of Cambodia.
- Around Svay Dangkum, there are many restaurants, bars, retail outlets, and coffee shops.
- Compared to other areas in Siem Reap, Svay Dangkum has more expensive accommodations, even a condominium, as additional housing choices.
Also read our detailed guide- Condo, Apartment, Serviced Apartment: Which One is For You?
- Apartments for rent in Svay Dangkum start from $150- $200 a month, and modern villas from $1,000 - $2,500 per month.
- These homes offer a modern lifestyle, with western standard furniture, appliances, and services.
3. Sala Kamraeuk
- Also near downtown, Sala Kamreuk has traditional Khmer Villas and local apartments for rent.
- Rental prices are $250 and above for a one bedroom apartment, some a little higher if provided with modern amenities and additional services.
- Like Svay Dangkum, Sala Kamreuk is very near Pub Street, where residents can enjoy after work entertainment.
- It also has its share of local business and commercial spaces.
4. Chreav
- Chreav district is a rural area, with large farmlands slowly converted into commercial and residential developments.
- There are no available apartments for rent in this district. Slowly, most of the area will be boreys or gated communities.
- Local rental houses are priced from $300 above, depending on the number of rooms and quality of furniture provided.
5. Kouk Chak
- Kouk Chak is a semi-rural area used for housing development.
- It is 10 minutes away from the town proper, with apartment for rent in Kouk Chak starts from $200-$400.
- The potential for development is very high, considering the infrastructure developments that are ongoing, and the large available space for new housing spaces.
- Partial areas in Kouk Chak border the Angkor Archaeological Park.
6. Sambuor
- Sambour district is another rural area with potential as a good housing location in the next few years.
- The new ring road is under construction in the area.
- There are no apartments for rent in Sambour, but rental prices for local Khmer houses are as low as $200.
7. Nokor Thum
- Nokor Thum has authority over the Apsara Zone, home of Angkor Wat Archeological Park.
- This district has large, empty land because there is no allowed construction or development on a UNESCO World Heritage Protected Site.
- Siem Reap’s beauty lies in its open spaces, fresh air, greenery, and quiet neighbourhoods.
- Despite the simple way of life, it has all the amenities and services that you enjoy back home.
- There are many entertainment places, shops, and retail outlets available for any type of merchandise that you need.
- Most importantly, there is no end to the activities and sights in the province.
Renting a House vs. an Apartment in Siem Reap
Choosing between renting a house or an apartment in Siem Reap can be challenging. Both options come with their own set of advantages and disadvantages. To help you make an informed choice, let's delve into a detailed comparison of the two:
Houses in Siem Reap
Pros
- Space & Privacy: Houses generally offer more room, allowing for a spacious living environment.
- Outdoor Area: Most houses have a yard or garden, perfect for relaxation or gardening enthusiasts.
- Pet-Friendly: Houses are often more accommodating for pet owners.
- Parking: They are more likely to feature a garage or dedicated parking space.
Cons
- Cost: Houses can be pricier than apartments, especially in prime locations.
- Location: Finding a house in the city's heart can be challenging.
- Maintenance: Owning a house means you'll be responsible for its upkeep, which can be time-consuming and costly.
Apartments in Siem Reap:
Pros
- Affordability: Rent apartment Siem Reap are generally more budget-friendly, especially for those just starting.
- Prime Locations: They are often in or near city centres, making commuting easier.
- Amenities: Modern apartment complexes might offer swimming pools, gyms, and laundry facilities.
- Low Maintenance: With fewer responsibilities for upkeep, you can enjoy more free time.
Cons
- Limited Space: Apartments might feel a bit cramped, especially for larger families.
- Outdoor Space: They often lack personal outdoor areas like gardens.
- Pet Restrictions: Not all apartments welcome pets.
- Parking: While some apartments offer parking, it's not always guaranteed.
Making Your Decision
- Family Size: If you're with family, a house might be more suitable due to the added space.
- Duration of Stay: For longer stays, a house might prove economical in the long run, avoiding extended hotel costs.
- Lifestyle Preferences: Those valuing privacy might lean towards houses. However, if you're seeking a community vibe, apartments offer closer interactions with neighbours.
Your choice between a house and an apartment in Siem Reap should align with your needs, budget, and lifestyle preferences. Evaluate the pros and cons, and consider what aspects are most important to you. Whether you prioritize space, location, amenities, or cost, Siem Reap has something to offer everyone.
How IPS Cambodia Can Help to Rent an Apartments in Siem Reap, Cambodia
IPS Cambodia, a leading real estate agency that specialises in helping individuals and families find their ideal rental properties. With their extensive knowledge of the local market and dedication to exceptional service, IPS Cambodia is your trusted partner in securing the perfect apartment in Siem Reap.
Other benefits of choosing IPS Cambodia to rent apartment in Siem Reap are:
Extensive Property Listings
- IPS Cambodia boasts an extensive and up-to-date database of rental properties in Siem Reap.
- Their comprehensive property listings feature a wide range of apartments suited to different budgets, preferences, and requirements.
- Whether you're looking for a studio apartment, a one-bedroom unit, a spacious family apartment, or a luxury penthouse, IPS Cambodia has a diverse selection to cater to your needs.
Personalised Consultation
- The team at IPS Cambodia understands that finding the perfect apartment involves more than just browsing listings.
- They offer personalised consultation services to understand your specific requirements and preferences.
- By taking the time to listen to your needs, they can provide valuable guidance and help narrow down the options that best suit your lifestyle, budget, and location preferences.
Local Market Expertise
- As a reputable real estate agency in Cambodia, IPS Cambodia has an in-depth understanding of the local market in Siem Reap.
- Their team of experienced agents possesses extensive knowledge of the city's neighbourhoods, rental trends, and market dynamics.
- Leveraging their expertise, IPS Cambodia can provide valuable insights and advice to help you make informed decisions about renting an apartment in Siem Reap.
Property Viewings and Negotiations
- Once you've shortlisted potential apartments, IPS Cambodia will arrange property viewings at your convenience.
- Their dedicated agents will accompany you to the viewings, providing expert guidance and answering any questions you may have about the properties.
- In addition, they will assist you in negotiating favourable lease terms, ensuring that you secure the best possible rental agreement for your chosen apartment.
Lease Agreement Assistance
- Navigating the lease agreement process can be complex, especially in a foreign country.
- IPS Cambodia simplifies this process by offering comprehensive lease agreement assistance.
- Their team will carefully review the terms and conditions of the lease, ensuring that your rights and interests are protected.
- They will guide you through the paperwork, making the entire process smooth and hassle-free.
Post-Rental Support
- IPS Cambodia's commitment to customer satisfaction extends beyond the rental process.
- They provide excellent post-rental support to address any issues or concerns that may arise during your tenancy.
- Whether it's maintenance requests, utility connections, or general inquiries, their dedicated team is just a phone call away, ready to assist you and ensure your renting experience in Siem Reap is seamless.
Step-by-Step Guide on Renting an Apartment in Siem Reap
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.
- 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 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 apartment 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
- Required Documents for Renting: Ensure you have all the necessary documents ready. This might include identification, proof of income, and references.
- Legal Considerations for Expats and Locals: Familiarize yourself with the local laws and regulations regarding renting. This is especially important for expats who might not be aware of certain restrictions or requirements.
- Updates on Laws: Stay informed about the Cambodian government’s policies on foreign investments, especially if you're a foreign national. This will ensure you're always compliant and avoid any legal complications.
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 required by law. Carefully review the agreement, ensuring 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
- Payment Terms and Conditions: Understand the frequency of payments, due dates, and any potential late fees.
- Accepted Payment Methods: Familiarize yourself with the accepted modes of payment, whether it's bank transfer, check, or cash.
- Financing Options and Mortgage Information: If you're considering buying in the future, gather information on financing options.
Step 8 - Moving and Settling In
Moving Services
- Recommended Moving Companies: Seek recommendations for reliable moving companies to ensure a smooth transition.
- Checklist for a Smooth Moving Process: Prepare a checklist to ensure you don't miss out on any essentials during the move.
Setting Up Your New Home
- Utility Setup Guide: Get a guide on how to set up utilities like water, electricity, and internet.
- Decorating Tips: Gather ideas on how to optimize and decorate your new space.
Community Integration
- Introduction to Local Communities: Engage with local communities and groups to integrate faster.
- Cultural and Social Norms: Understand the local customs and traditions to blend in seamlessly.
Step 9 - Property Management Services Post Renting
- Always have a direct line to the property management team for any queries or concerns.
Step 10 - Maintenance and Repair
- Process for Reporting Issues: Know the procedure for reporting any maintenance issues.
- Expected Timelines: Understand the expected timelines for any repairs or fixes to be done.
Engage with Us!
- We invite you to explore our listed apartments and find your dream home in Siem Reap.
- For a personalized experience, fill out our Inquiry Form.
- We assure quick response times and dedicated assistance throughout your rental journey.