Only rent prices in Dublin fell sharper than what was experienced in Waterford city over the past three months according to a rental report published by property website
The quarter-on-quarter decline in Waterford stood at -3.8 per cent, with the average property rental in the city now standing at €659, cheaper than Cork (€847), Galway (€818) and Limerick (€694).
To put it into context, the report reveals that the average property rental in Waterford is now €125 than it was just a year ago, with the current figure now 19 per cent less than the peak rent achieved during the boom.
The national average rent now stands at €771, which represents the lowest level in almost a decade.
Rental property in County Waterford stands at €587; a rented home in Kilkenny fetches an average of €631, with Tipperary and Wexford recording figures of €604 and €639 respectively.
Looking at different sized homes, renting a double room in the city currently costs €296 in the city; while a three-bed house would set you back €522 at the moment.