What’s really happening to rents right now?

It’s no secret that renting has become more expensive across Northern Ireland — and that includes Omagh and Mid-Ulster.

According to PropertyPal (Q2 2025), the average rent in Northern Ireland is now around £976 per month, which is up on last year. In Omagh, the average is closer to £650–£700, depending on property size and location (ONS, June 2025). That’s an increase of nearly 9% in a year, showing how strong demand has become.

What’s behind the rise?

• More people looking to rent: Some who hoped to buy are waiting for mortgage rates to fall, which has added pressure to the rental market.

• Limited supply: Fewer rental homes are available because some landlords have sold up or scaled back due to higher costs.

• Higher upkeep costs: Landlords are paying more for repairs, insurance, and mortgages — and some of that cost is passed on through rent increases.

If you’re renting in Omagh or nearby towns

• Be prepared: Good homes are going quickly. Have your references, deposit, and ID ready when you view.

• Budget carefully: Rents have risen faster than wages in many areas. Work out your monthly limits before you start looking.

• Look slightly wider: Nearby villages and smaller towns can offer better value, though it’s worth weighing travel costs.

What this means for landlords

• You’re likely seeing rising rents and strong demand. That’s positive, but it’s important to stay fair and realistic.

• Keeping good tenants is often better than chasing higher short-term rent.

• Stay on top of safety checks and new rental regulations — especially energy efficiency and tenancy law updates.

The local picture

Omagh and Mid-Ulster remain more affordable than Belfast or the North Coast, but rents here are catching up quickly. The area’s steady job market, good schools, and strong community feel keep demand high — particularly for well-maintained two- and three-bedroom homes.

Whether you’re a tenant trying to find a home or a landlord managing one, the key is to stay informed and plan ahead. A trusted local letting agent or advisor can help you navigate what’s fast becoming one of the tightest rental markets Northern Ireland has seen in years.