With even 1-Bedders, in the trendiest neighborhoods such as Thonglor, Phrom Phong and Silom fetching up to 35,000 THB++ per month… Let’s face it, renting a condo in Central Bangkok can be surprisingly expensive.
So is it possible to find cheaper rentals in Central Bangkok?
Bangkok’s accommodation options are extremely diverse and rental prices are not always dictated by the area in which the Condo is located!
As long as you are willing to compromise on condo types and the property specs, it is always possible to find more affordable options in the most desirable and vibrant areas in the Capital.
Here are 3 Types of Condos that generally rent cheaper:
1. Low-Rise Condos
Despite offering peaceful and private living environments, these buildings are often tucked away and hidden in smaller roads. This means they generally do not benefit from the same marketing exposure as larger and more commercial high-rise condos.
Low-rise condos, despite being lesser-known often offer building facilities such as pool, gyms, lounges, etc… comparable to their high-rise counterparts.
Example of Great Value Low-Rise Condo
2. Further away from the BTS/MRT
Rental rates of condos in Central Bangkok are often dictated by the relative distance of the building to the closest BTS/MRT station. With Condos in close proximity to mass transit stations fetching the highest monthly rent.
Interestingly, condos only a few minute walk away from the BTS/MRT can offer dramatically reduced rental rates.
Examples of Affordable Condos further away from BTS/MRT:
3. “Older” Condos
A simple rule of thumb in Bangkok, the newer the condo the more expensive it is to rent. This is normal as fresh building amenities and a brand new interiors are always expected to command premiums.
Therefore slightly older buildings (Even 1 or 2 Years older), are often rented at lower rates despite offering quasi-comparable amenities and condos types (I.e. Similar Location, Unit Sizes, Layouts, Views etc…).
Examples of “Older” Condos Offering Amazing Value: