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Apartment for Rent 1BR semi furnished near CDU,Skyes,UC Med Wireless, Mandaue

Cabancalan, Mandaue
Apartment for Rent 1BR semi furnished near CDU, Wireless, MandaueA serene yet a place full of colors and greenery. Strategically located at the heart of Subangdaku, Mandaue City - near the flyover of wireless, subangdaku. We are closed to lots and lots of malls like Ayala Malls, Parkmall, Hypermart, Wellcome, Foodarama, and SM City, Cebu. Near with lots of food chains like Shakeys, Jollibee, KFC. Our place is near to Cebu Doctors University/Hospital, UC Medical School/Hospital and establishments like Sykes, Bonifacio District thus very ideal for students/professionals studying or working within the area.The community is peaceful, a few minutes walk to San Roque Parish Church and San Roque Football field and jogging trail.This building accommodates 10 units of one bedroom units, approximate 32 square meters with individual toilet and bath, generous living space, service area and balcony.Each unit is provided with 1/2 HP air-conditioning unit for the bedroom and one queen size bed with matress and dresser/closet.Rental is at Php10,000.00 per month. Minimum lease term is one year.Deposit requirement: equivalent to two months rentMinimum lease term: one yearFor viewing or more details, call:Danilla N. VelasquezReal Estate BrokerPRC 0005731 until 26November 2020PTR 0836927, Mandaue City 31 Dec. 2019HLURB No. 000780, 31 Dec. 2019AIPO No.1086, 31 Dec. 2019
₱ 10,000
1
Bedroom
1
Bath
32 m²
Floor area

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In 2021, the average median price for an apartment for rent in Metro Manila is from PhP 8,000 to PhP 20,000.

Due to the prevalence of work-from-home set-up, seekers are also looking for apartments for rent in leisure destinations with high-speed internet such as Siargao, Bohol, Boracay, and Zambales.

In Makati, a one-bedroom flat in the city center ranges from PhP 15,000 to PhP 30,000 per month. Include a cost of PhP 5,000 to PhP 8,000 for basic utilities (electricity and water). 

A “rent to own” apartment is an alternative and somewhat middle ground to buying and renting. In such an option, the lessee pays a slightly higher-than-market price per month as a down payment for the future purchase of the unit at an agreed sale price.

The Philippine Rental Market

Apartment for Lease

The Philippines has been experiencing over a decade of economic growth despite many challenges. In fact, one could say that the economic strength of the country is a result of the obstacles it has faced. Needs in areas of infrastructure, housing, and finance seem to have inspired Filipinos to work harder.

The rental market in the Philippines is still booming amid the pandemic. Based on the April 2021 Lamudi Trend Report entitled The Outlook on the Residential Real Estate Market: Pandemic Spurs Digital Adoption in Boomers and Gen X in 1Q2021apartments were on top for leads by property type in the first quarter of the year. There has been an increase of 16.11% in this year’s leads compared to the first quarter of 2020. And the rationale behind it is that home seekers looking for an apartment for rent want extra space without paying more. Metro Manila is still one of the places where one can find a cheap apartment for rent compared to other capital cities, such as Hong Kong and Singapore. In 2021, the average median price for an apartment for rent in Metro Manila is from PhP 8,000 to PhP 20,000. Due to the prevalence of work-from-home set-up, seekers are also looking for apartments for rent in leisure destinations with high-speed internet such as Siargao, Bohol, Boracay, and Zambales.

Apartments for Rent

One of the most sought-after property types for rent are apartments. In Makati, a one-bedroom flat in the city center ranges from PhP 15,000 to PhP 30,000 per month. Include a cost of PhP 5,000 to PhP 8,000 for basic utilities (electricity and water). Also add unlimited Internet, which usually costs over PhP 2,000 per month. The following are the costs for other popular areas:

Apartment for Rent PhilippinesWithin Metro Manila

Quezon City: PhP 8,000 to PhP 40,000 average per month + PhP 3,000 to PhP 12,000 for basic utilities

Alabang: PhP 12,000 to PHP 25,000 average per month + PhP 5,000 to PhP 12,750 for basic utilities

Mandaluyong: PhP 8,500 to PHP 25,000 average per month + PhP 7,500 to PhP 12,750 for basic utilities

Outside Metro Manila

Cavite: PhP 6,500 to PhP 25,000 average per month + PhP 2,835 to PhP 11,900 for basic utilities

Cebu City: PhP 6,000 to PhP 52,000 average per month + PhP 2,500 to PhP 8,500 for basic utilities

Davao City: PhP 6,000 to PhP 50,000 average per month + PhP 3,500 to PhP 10,000 for basic utilities

Rent to Own Transactions

A “rent to own” apartment is an alternative and somewhat middle ground to buying and renting. In such an option, the lessee pays a slightly higher-than-market price per month as a down payment for the future purchase of the unit at an agreed sale price. After an agreed-upon period of time, the lessee can decide if he wants to purchase the flat, and he can pay the remainder of the total cost of the unit.

This is an attractive option for some because instead of paying per month with nothing to show for it, “renting to own” enables you to invest slowly in a flat, but without needing to fully commit to it yet. As the lessor in most cases only gives the right and not an obligation to buy, the lessee can walk away from the deal and simply let the contract expire if he decides that the apartment is not for him. However, all paid rent is non-refundable and remains with the lessor.

 

Frequently Asked Questions

 

Are there any apartments for rent with more than 3 bedrooms? 

Yes, there are over 380 apartments for rent with more than 3 bedrooms. A spacious 3-bedroom apartment can accommodate up to four people comfortably with enough room for furniture and personal belongings.

Are there affordable apartments for rent below 30k?

Yes, you can find over 200 affordable apartments for rent below 30k. Depending on where you want to live, Php 30,000 a month for an apartment can go a long way.

Are there any apartments for rent with wi-fi?

Yes, there are around 630 apartments for rent with wi-fi access. You won’t have to worry about setting up a wi-fi connection yourself when you rent an apartment that already comes with it.