Apartment Rentals in Phnom Penh – Prices, Demand & Trends 2025
Apartment Rentals in Phnom Penh 2025 – ROI, Prices & Market Outlook
Phnom Penh, the capital of Cambodia, has emerged as one of Southeast Asia's most important rental markets. A stable dollarized economy, growing expat population, and rapid expansion of the services sector make apartment rentals in Phnom Penh in 2025 both profitable for investors and attractive for tenants.
According to the CBRE Cambodia Residential MarketView Q2 2025 report, Cambodia's capital is experiencing record demand for mid-range and premium apartments, particularly in the BKK1, Tonle Bassac, and Chroy Changvar districts.
1. Rental Market in 2025 – Data & Trends
Phnom Penh's residential market is in a phase of stable growth. After a period of oversupply from 2019–2022, the number of new developments has decreased, while rental demand has increased by approximately 12% year-over-year.
- ✅ Influx of expats from China, Korea, Japan, and Europe
- ✅ Growth in financial and educational sectors
- ✅ Tourism recovery post-pandemic
- ✅ Stable property rights and dollarized economy
📄 Source: Knight Frank Cambodia Residential Report 2024
2. Average Apartment Rental Prices in Phnom Penh (2025)
💡 Exchange rate: 1 USD = 4.3 PLN
| Property Type | Monthly Rent (USD) | Monthly Rent (PLN) | ROI |
|---|---|---|---|
| Studio (30–40 m²) | 400–600 | 1,700–2,600 PLN | 8–9% |
| 1 Bedroom (45–60 m²) | 600–900 | 2,600–3,900 PLN | 9–10% |
| 2 Bedrooms (70–90 m²) | 900–1,400 | 3,900–6,000 PLN | 8–9% |
| 3 Bedrooms / Penthouse | 1,500–2,500 | 6,500–10,700 PLN | 7–8% |
Long-term rentals dominate – the average lease period is 12–24 months, with contracts often requiring advance payment for 3–6 months.
3. Most Popular Districts for Apartment Rentals
BKK1 – The Expat District
Prices: 800–1,200 USD/month (3,400–5,200 PLN)
Profile: High standard, close to embassies, offices, and cafes.
Popular condos: Le Condé BKK1, Skylar Meridian, Embassy Central.
ROI: 8–9%
Tonle Bassac – Phnom Penh's Business Hub
Prices: 700–1,000 USD/month (3,000–4,300 PLN)
Modern apartments with river views, close to Aeon Mall and 5-star hotels.
Projects: The Bridge, The Peak, Urban Village.
ROI: 9–10% ✅
Chroy Changvar – Development Along the Mekong
Prices: 500–800 USD/month (2,100–3,400 PLN)
Quiet area with new developments, ideal for families.
Projects: Morgan EnMaison, The Peninsula.
ROI: 10–11% ✅
📄 Source: CBRE Cambodia Residential Market Report 2025
4. Tenant Demographics
| Group | Market Share | Preferences |
|---|---|---|
| Expats (Asia / Europe) | 45% | Mid-range and premium condos |
| Students & Young Professionals | 30% | Studios, 1-bedroom units |
| Corporations & Diplomats | 25% | Luxury 2–3 bedroom apartments |
💡 Most contracts are denominated in US dollars, with security deposits typically equivalent to 1–2 months' rent.
5. Taxes & Landlord Obligations
| Tax Type | Rate | Notes |
|---|---|---|
| Rental Income Tax | 10% | For legal entities |
| Personal Income Tax | 5–10% | Depending on income level |
| Annual Property Tax | 0.1% of value | Approx. 430 PLN / 100,000 USD |
| Vacant Property Tax | None | Applies only to long-term vacancies |
📄 Source: General Department of Taxation Cambodia
6. Market Trends & Outlook for 2025
- Growth in online rental platforms (e.g., FindaHomeAsia, Realestate.com.kh)
- Increased share of expats from EU and Australia
- Rental price growth of 5–7% annually
- Development of serviced apartment projects
- New regulations for short-term rentals (Airbnb, Booking)
📄 Source: Knight Frank Cambodia Real Estate Outlook 2025
7. Is Renting Out Apartments in Phnom Penh a Good Investment?
✅ Yes – the market offers stable income and high returns on investment. With ROI ranging from 8–11%, a dollarized economy, and no ownership restrictions, Phnom Penh is one of the most attractive rental markets in Asia.
Compared to Bangkok or Ho Chi Minh City, entry costs are lower while yields are higher.
Summary
In 2025, apartment rentals in Phnom Penh remain one of the most reliable forms of passive income in the ASEAN region. A balanced market, stable legal framework, and growing demand make it an attractive alternative for Polish investors seeking stable, dollar-denominated income streams.
FAQ
Are rentals in Phnom Penh taxed?
Yes – rental income tax applies (5–10%).
What is the average ROI on apartment rentals?
From 8% to 11% annually, depending on location and property standard.
Can foreigners rent out property in Cambodia?
Yes – there are no legal restrictions on foreigners renting out property.
Which are the best districts for rental investments?
BKK1, Tonle Bassac, and Chroy Changvar – with the highest demand and stable ROI.
About Varsovia Estate
Varsovia Estate is a Polish agency specializing in premium real estate in Thailand and Cambodia. We assist investors in analyzing, purchasing, and managing properties in Southeast Asia. We combine European service standards with local expertise and experience. Our goal is to ensure maximum security and profitability for our clients' investments.
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