Apartments, Houses and Condos for Rent in Bangkok
Rent a Property in Bangkok
We specialize in high quality Bangkok apartments for rent with good facilities, detached houses for those who need outdoor space or a garden of their own, townhouses in gated communities and serviced apartments. Typical types of properties for rent in Bangkok are:
1. Apartments for Rent in Bangkok
An apartment in Bangkok is usually defined as a mid or high-rise building owned by a single landlord. Apartment rentals are normally furnished with major appliances, and most have common facilities such as swimming pools, gyms, and car parking. The owner looks after the management and maintenance of the whole apartment building, including the interiors of the individual flats.
Classification of Apartments
Grade A: Apartment projects in the most favourable locations such as an apartment for rent in Sukhumvit offer high quality features and facilities such as fully-equipped kitchens, laundry service, high specification finishes and modern bathrooms. Furthermore, it must have a fitness centre, garden and swimming pool. Grade A apartments have stylish design, classy decoration and are well-maintained. Grade A apartments also provide a high level of security and adequate car parking.
Grade B: Apartments for rent in Bangkok in less favourable locations tend to be older than Grade A apartments. However, Grade B apartments provide good-to-moderate services, design, decoration, maintenance, facilities and security.
2. Serviced Apartment for Rent in Bangkok
A serviced apartment for rent in Bangkok is rented fully furnished and equipped, including linen, cutlery and crockery. A daily maid service is also provided. Most serviced apartments in Bangkok have swimming pools, gyms, a coffee shop or restaurant, as well as telephone lines and internet access. They offer a similar level of service to hotels and can be rented on a daily or monthly basis. A serviced apartment is ideal for people needing to rent in Bangkok on a short stay basis and also expats who have just relocated to Bangkok.
Classification of Serviced Apartments
Grade A: Serviced apartments are defined as projects located on main roads or in the Sois between main roads in the Central Business District (CBD) with easy accessibility and providing a secure environment to ensure the privacy of the residents. The buildings are well-designed and decorated and have functional room layouts. These serviced apartments are either managed by top brands of international operator groups or well-known local operators. They provide premium services and facilities comparable to first-class hotels, such as a business centre, limousine service and adequate parking.
Grade B: Serviced apartments are classified as projects located in the Sois between main roads in the CBD, with easy to moderate accessibility and providing a moderate level of security. The buildings have moderate to good designs, decoration, and functional room layouts. These serviced apartments are either managed by lower-end international operator brands or local operators. Adequate car parking and standard facilities including a swimming pool and fitness centre are a must.
3. Condos for Rent in Bangkok
A Bangkok condo or condominium – also known as an apartment or flat in other countries - is a building where individuals own the residential units and where common areas and facilities are jointly owned by all the co-owners. Units are normally furnished and facilities are similar to apartments. The main difference between a condo and an apartment is the ownership structure and the property management. In a condominium, the building management maintains the common areas of the property and the individual owners are responsible for their units. (View Bangkok condo for rent listings)
Classification of Condominiums
- Super Luxury: Above THB 300,000 per square metre (with starting unit price of above THB 20 million)
- Luxury: THB 200,000 - THB 299,999 per square metre (with starting unit price of above THB 10 million)
- High End: THB 120,000 - THB 199,999 per square metre (with starting unit price of above THB 5 million)
- Upscale: THB 90,000 - THB 119,999 per square metre
- Mid-range: THB 70,000 - THB 89,999 per square metre
- Entry-level: Below THB 69,999 per square metre
4. Townhouses and Houses for Rent in Bangkok
A house for rent in Bangkok can be located in a gated real estate development or be a stand-alone property. Almost all houses for rent in Bangkok belong to individual owners who are responsible for the maintenance. Some gated communities offer a clubhouse, swimming pool, playground and gym. There are also townhouses which are multi-level and terraced. They may have a small rear garden which is not particularly private. In Bangkok, there are some gated townhouse developments which provide facilities such as a pool for residents. Maintenance services in a townhouse for rent in Bangkok may not be as good as a well-managed rented apartment, especially for stand-alone properties. (View Bangkok house for rent listings)
Classification of Houses / Townhouses
- Super Luxury: Above THB 20 million
- Luxury: THB 10.01 - 20 million
- High end: THB 5.01 - THB 10 million
- Mid-range: THB 3 - 5 million
- Entry level: Below THB 3 million
Bangkok Apartment Rental Locations
There are 6 main residential rental areas in Bangkok:
Bangkok Apartment Rental Areas: Definition
The area incorporating Sukhumvit Road from Soi 1-65 and Soi 2-44, as well as other Sois in between.
The area incorporating Wireless, Ploenchit, Rajadamri, Chidlom, Langsuan, Sarasin and Ruamrudee Roads, and other Sois in between.
Silom / Sathon
The area incorporating Silom, Sathon, Surawong, and Narathiwas-Ratchanakarin (north of Chan Road) Roads, as well as the Sois in between.
The area incorporating Charoenkrung, Charoennakorn, Rama III, and Narathiwas-Ratchanakarin (south of Chan Road) Roads, as well as the interlinking Sois.
1. Apartment for Rent in Sukhumvit Area
Sukhumvit Road between Sois 1-63 remains the most popular area for expatriates to live. Most people who rent here tend to rent a Bangkok apartment (single-ownership) or a Bangkok condo (multi-ownership). There are some detached houses in Bangkok for rent in this area. Some of them have gardens and/or swimming pools.
There are also a limited number of townhouses situated in secure compounds with/without facilities.
2. Central Lumpini Apartment Rental
Lumpini is in the Central Business District (CBD), and offers a range of modern buildings with both apartments and condos for rent.
Apartment and condo unit sizes tend to be smaller than in Sukhumvit as well as more expensive. The area also has few single homes or townhouse developments especially with facilities.
3. Sathon / Silom Apartment Rental
The Sathon/ Silom area close to the CBD is popular and again the majority of people rent a Bangkok apartment or condo although there are some homes situated off Sathon.
4. Riverside / Rama III Apartment Rental
Riverside / Rama 3 area incorporates Charoenkrung, Charoennakorn, Rama 3 and Narathiwas-Ratchanakarin Road on the both sides of the Chaophraya River. The main attraction is waterfront living and river views.
The Bangkok side of the Chaophraya River has a limited number of apartments/condos for rent. The Thonburi side of the river is less attractive because of the limited number of bridges consequently restricting access to the CBD, although some of the condo buildings provide a free boat service.
5. East Bangkok
East Bangkok is a major suburban housing location. Popular among parents who want access to the Bangkok Patana School which has a British curriculum and is consequently a favourite among ex-pat apartment renters.
There are also a limited number of housing estates, again all popular among expatriates, with some offering single Bangkok houses for rent with clubhouses and swimming pools.
6. North Bangkok
North Bangkok is particularly attractive to American expatriates due to the location of the International School of Bangkok (I.S.B.) which offers an American curriculum.
The most popular property development is Nichada Thani, which is a secure housing estate where I.S.B. is located and where there is a mix of single Bangkok houses for rent, condominiums and townhouses. The site includes a clubhouse offering a wide range of sporting facilities.
Single homes at Nichada Thani are some of the most expensive houses to rent in Bangkok. Just outside the compound there are several apartment buildings and townhouse developments with facilities.
Shopping and entertainment facilities are more limited than in the central areas and commuting to downtown Bangkok can be time consuming. (Rent a Bangkok Apartment - Detailed Location Information)
Bangkok Apartment Rental Research
The foremost COVID-19 impact on Bangkok’s apartment market was the 7.2% Q-o-Q and 34.9% Y-o-Y decline as of Q3 2020 in total expat numbers due to cancellation or postponement of expat postings. Additionally, previously forecasted discounts of 5-10% have been surpassed with up to 20% discounts as a measure to retain occupancy and draw new tenants which remained limited in this market.
Going forward, CBRE expects more flexible lease terms, housing budget reductions and the delay of incoming tenants due to travel restrictions to continue until COVID-19 vaccines are approved and distributed widely.
In Bangkok, the number of expatriates also decreased by 6.4% Q-o-Q and 10.9% Y-o-Y from 86,568 to 80,992 due to widespread cancellations or postponements of expat postings.
Moreover, the Japanese expatriates declined from 29,630 in Q2 2020 to 28,296 in this quarter; a decrease of 4.5% Q-o-Q and 16.0% Y-o-Y; but still comprising the largest expat nationality with 18% of all expats in Thailand.
In Q3 2020, the average asking rent for Grade A apartments in downtown Bangkok was THB 456 per square metre per month; a decrease of 6.4% Q-o-Q and 4.0% Y-o-Y. Meanwhile, the average monthly asking rent for Grade B apartments in downtown Bangkok was THB 393 per square metre, a decrease of 7.8% Q-o-Q and 10.4% Y-o-Y due to rent reductions.
Six projects comprising 111 units were under construction, all in the Sukhumvit area with completion dates ranging between Q4 2020 and Q3 2021. As a result, total apartment supply in downtown Bangkok was forecasted to increase to 9,799 units by the end of 2020; an increase of 0.6% Q-o-Q and 1.5% Y-o-Y. By the end of 2021, total apartment supply in downtown Bangkok was forecasted to be at 9,872 units; a 0.7% increase from the current supply of 9,743 units.
As of Q3 2020, the average apartment occupancy rate was 82.8%; a decrease of 5.0 percentage points Q-o-Q and 9.9 percentage points Y-o-Y. This was the lowest occupancy ever recorded in our 20 years of tracking Bangkok apartment occupancy rate.
Q3 2020 retains COVID-19-induced impacts from previous quarters such as more flexible lease terms, housing budget reductions, delay of incoming tenants due to travel restrictions and repatriation to home countries for expats whose firms are cutting costs.
The foremost impact of COVID-19 was the 7.2% Q-o-Q and 34.9% Y-o-Y decline in total expat numbers in Thailand; which has been the largest recorded Y-o-Y decline since CBRE began tracking expatriate numbers in 2001 due to cancellation or postponement of expat postings even surpassing expatriate declines seen during the Global Financial Crisis. Additionally, previously forecasted discounts of 5-10% have been exceeded with up to 20% discounts now being offered at some projects as a measure to retain occupancy from existing tenants and draw new tenants which remain limited in this market.
Typical Terms to Rent a Bangkok Apartment
Each country has slightly different practices for apartment rental agreements and Thailand is no exception.
Types of Rental Lease Agreements
There are a wide variety of rental agreements used in Bangkok. Most lease agreements are short and in English and it is not usual for either the landlord or the tenant to use a lawyer.
Each lease is usually segmented into three separate rental agreements:
- Apartment, Condo, House - Space rental
- Furniture rental
- Management / services
The agreement separation is in an effort to reduce the landlord’s liability to local property tax.
CBRE has been servicing the expat Bangkok apartment for rent market for over 35 years and consequently we understand the common problems and misunderstandings that can occur. Therefore, we have developed a standard lease set which is drafted to reflect all the vagaries of renting a property in Bangkok, and which clearly sets out each party’s obligations.
For residential property rentals in Thailand, different taxes are paid depending on whether the lease agreement is made with an individual tenant or a company.
- Lease for space
- Lease for furniture
- Service Agreement
- Lease for space
- Lease for furniture
- Service Agreement
Detailed information on typical Bangkok Apartment rental terms & conditions
Bangkok Rental Guide
As part of our service, we try to provide you with as much information as possible on not only the Bangkok apartment rentals available, but also facilities in the local area. The Australian/New Zealand Women’s Group’s Bangkok Guide is probably the most comprehensive guide to life in the city. For more information on Bangkok Apartment Renting Website.
The list includes: Bangkok Schools and Hospitals as well as information on
- Water, Electricity, Gas Supply
- Pest Control
- Air-conditioning etc.
Bangkok Travel & Commuting
BTS (Bangkok Transit System)
BTS or sky train is a critical transport system in Bangkok, covering much of the city centre and its many commercial, residential and tourist areas.
MRT (Mass Rapid Transit)
MRT is Bangkok’s first subway or underground system and currently has one line, although various others are being planned.
ARL (Airport Rail Link)
ARL is a rapid transit line that connects Suvarnabhumi International Airport to central Bangkok. The ARL transport system is divided into two lines, a city line and express line. The city line train is about a 30-minute journey; whereas, the express line takes about 15 minutes.
BRT (Bus Rapid Transit)
Bangkok’s first BRT line is now in service. The buses start from a new sky train interchange at the Chong Nonsi BTS station and end at the Ratchadapisek-Ratchapreuk Intersection in Thonburi. The buses mainly travel along exclusive lanes; however, the buses share lanes with other vehicles on some parts of the route but have priority at traffic lights.
For drivers, a comprehensive network of expressways cross Bangkok.
Bangkok has a comprehensive bus network, consisting of publicly run and private buses, both air-conditioned and non-air-con. The quality of buses is variable so choose the orange air-conditioned Euro buses are the best in terms of comfort and safety.
Bangkok’s taxis and Tuk Tuks are plentiful and relatively cheap. Taxis tend to have meters with the Tuk Tuks being a negotiation each trip.
Detailed Bangkok Travel Information
Renting in Bangkok: Case Studies
CBRE are specialists in assisting expatriates rent Bangkok apartments – see below for a few of our Bangkok apartments for rent case studies.