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Ho Chi Minh City, Vietnam

Q: How much is rent in Ho Chi Minh City?

A 1-bedroom apartment in Ho Chi Minh City rents for VND 12,000,000/month in 2024.

Property prices · 2024 · Asia

Price/sqm — City Centre VND 85,000,000

Price/sqm — Outside Centre VND 50,000,000

1-Bed Rent / Month VND 12,000,000

3-Bed Rent / Month VND 25,000,000

Avg Mortgage Rate 9.50%

Price-to-Rent Ratio 16.0x Buying and renting are roughly comparable

Property price trend in Ho Chi Minh City (2024–2026)

Property comparison — cities in Vietnam (2024)

City	Centre /sqm	Outside /sqm	1-Bed Rent	vs Ho Chi Minh City
Ho Chi Minh City	VND 85,000,000	VND 50,000,000	VND 12,000,000	—
Hanoi	VND 85,000,000	VND 58,000,000	VND 12,000,000	0%
Da Nang	VND 55,000,000	VND 38,000,000	VND 8,000,000	-35.3%

Other Asia cities (2024)

Frequently asked questions

How much does property cost in Ho Chi Minh City in 2024?

In Ho Chi Minh City, the average price per sqm in the city centre is VND 85,000,000, and VND 50,000,000 outside the centre (2024 data). Prices have risen 7% since 2024.

How much is rent in Ho Chi Minh City in 2024?

A 1-bedroom apartment in Ho Chi Minh City rents for approximately VND 12,000,000 per month in 2024. A 3-bedroom apartment costs around VND 25,000,000/month.

Is it better to buy or rent in Ho Chi Minh City?

Buying and renting are roughly comparable in Ho Chi Minh City. The price-to-rent ratio is 16.0x — it would take approximately 16.0 years of rental payments to equal the property purchase price. Current mortgage rates are approximately 9.50%.

What are mortgage rates in Vietnam in 2024?

The average mortgage rate in Vietnam is approximately 9.50% as of 2024. With a price-to-rent ratio of 16.0x, buyers should carefully weigh mortgage costs against rental savings.

What is the price per sqm in Ho Chi Minh City?

The average property price per square metre in Ho Chi Minh City city centre is VND 85,000,000 in 2024. Outside the centre, expect to pay around VND 50,000,000/sqm.