BGC is the most expensive place to rent a condo in Metro Manila, followed by Makati. Across the wider metro, rents have been flat for a year while a record number of units sit empty, so tenants have room to negotiate outside the main business districts.
Last updated: October 2026
Leechiu Property Consultants tracks average monthly rents for condominiums in the main districts. These are the third-quarter 2026 figures.
| District | Rent per sqm per month | Change vs Q2 2026 |
|---|---|---|
| Bonifacio Global City (BGC) | ₱1,116 | +1.0% |
| Makati | ₱889 | +0.2% |
| Bay Area / Pasay | ₱703 | −0.5% |
Listing portals publish asking rents from active listings. These are what landlords ask, not signed leases, and luxury units pull the averages up.
| City | Avg asking rent per sqm | 1BR | 2BR | 3BR | Month |
|---|---|---|---|---|---|
| Taguig (incl. BGC) | ₱1,055 | ₱55,000 | ₱100,000 | ₱250,000 | Jul 2026 |
| Makati | ₱1,026 | ₱36,000 | ₱115,000 | ₱210,000 | Jul 2026 |
| Pasig | ₱719 | ₱25,000 | ₱50,000 | ₱95,000 | Jul 2026 |
| Quezon City | ₱726 | ₱25,000 | ₱50,000 | ₱58,000 | Aug 2026 |
Colliers puts Metro Manila condo vacancy at 24.9% in the second quarter of 2026 and expects a record 25.6% by the end of the year. Its average rent for prime and Grade A units held at ₱705 per sqm, unchanged from a year earlier.
Vacancy is lowest in Makati CBD, Rockwell and Ortigas Center. It is highest in the Bay Area, at about 58%, after offshore gaming (POGO) tenants left. Colliers reports Bay Area studio rents of about ₱700 per sqm, down from ₱1,200 before 2020.
Leechiu estimates gross yields of 3.4% to 4.7% on primary condo units in Q3 2026. Colliers' Q2 2026 averages (₱705 rent and ₱202,240 per sqm capital value) imply about 4.2% gross. Treat claims of 7% to 9% with caution: no consultancy figure supports them.
Typical terms are one or two months' advance rent and two months' deposit, often with post-dated cheques for the year. With vacancy this high, ask for a lower rent or furnishing included, especially for units in newer towers.