Affordable Serviced Apartment For Rent In Ho Chi Minh City | 2024 Up-to-Date

If you are looking for short-term and long-term serviced apartment for rent in Ho Chi Minh City, the most convenient for work and experience various services in the city. In the downtown, serviced apartments for rent in District 1 are a perfect choice. However, apartments for rent in District 1 are pretty expensive, notably higher rental if you want to choose a high-class serviced apartment. However, you can still easily select a serviced apartment for rent in District 1 at a reasonable price.

District 1 Ho Chi Minh City is home to a series of attractive destinations for tourists from all over the world, such as Notre Dame Cathedral, Nguyen Hue Walking Street, Reunification Hall, 30/4 Park, Diamond Plaza, Market. Ben Thanh, City Theatre, Vincom Center. In particular, District 1 Ho Chi Minh City is also the busiest place of the “sleepless” city. Therefore, Serviced apartment for rent in Ho Chi Minh is always attractive to both Western and Eastern tourists and tourists from all over the country. The demand for apartments has made the apartment rental market in District 1 always vibrant and constantly increasing. A series of apartment real estate projects for rent in District 1 were also born with many advantages in design, utilities, location, and apartment rental price.

District 1 is a bustling central area of ​​Saigon. Here, visitors can easily experience many of the city’s facilities and conveniently move to other districts in Ho Chi Minh City. Therefore, apartments for rent in District 1 are always quite expensive. Surveying the Serviced apartment for rent in Ho Chi Minh can see that the rental price of apartments in this area is highly diverse. The apartments for rent are priced from 250 usd to 600 usd/month. Even many luxury serviced apartments are rented for nearly 3000 usd to 4500 usd. TheServiced apartment for rent in Ho Chi Minh depends on the status of the apartment for rent, the size of the apartment, utilities, living space, location of the apartment.

Serviced apartment for rent in Ho Chi Minh.

Serviced apartment in district 2, especially Thao Dien Ward is renowned for its expatriate community for such a long time. In addition to the environmental space, the utility is also the community cohesion of the expatriates. Besides, District 2 (mainly Thao Dien) is home to the most international schools.

Ho Chi Minh City International School (ISHCMC) (established in 1993) is the first international school. Then there are the British, Australian international schools and, more recently, the US international schools. Several English schools at preschool age, such as SmartKids, Montessori, and Noah’s Club. Thao Dien area has many schools, sports clubs, and many recreational activities to meet all the needs of residents here. Every day, this forum always updates the address to buy and sell delicious food or advertise activities such as yoga, reiki classes or charity markets, Bollywood dance classes.

Serviced apartment in district 2 primarily is located in Xuan Thuy and Nguyen Van Huong street, Quoc Huong street, and small valleys. These serviced apartments in Thao Dien are close to many shops and restaurants specializing in serving foreign dishes such as Nivana, River Ngo, German Bakery, or Annam Foods, which offers everything from imported cheese to bread. And stores like Voelker, Loaves, and Fisher sell Western cakes. Talking about restaurants, we can mention Mekong Merchant, which has long been admired for its delicious quality international dishes and rustic layout in the courtyard. La Plancha restaurant, specializing in Mediterranean dishes, Al Fresco’s, Pomodoro, or Warda, is also located in the Thao Dien area.

Serviced apartment for rent in Ho Chi Minh City

Compared to a serviced apartment for rent in district 1, a serviced apartment for rent District 3 has rental cheaper and living space is also bigger. Living in this district, you would be fascinated by typical big streets of Ho Chi Minh City with rows of green trees on both sides, such as Ngo Thoi Nhiem, Vo Van Tan, Nguyen Thi Minh Khai, Ly Chinh Thang, Ba Huyen Thanh Quan, Dien Bien Phu. In addition, Nam Ky Khoi Nghia Street is considered the main road connecting to the Reunification Palace, a large and typical edifice of Ho Chi Minh City, attracting many tourists. In particular, Ngo Thoi Nhiem street is home to many famous acoustic cafes of Ho Chi Minh City, which attracts many locals and tourists who love to explore. From a serviced apartment in District 3, you could easily commute to many offices in the downtown and food court and entertaining area in the Phu Nhuan area. Serviced apartment in Phu Nhuan district has advanced about its location, approximately distance to Tan Son Nhat airport. Choosing this area to live in is convenient for any expatriate who stays short-term for working business or traveling without worrying about the living cost.

Serviced apartment for rent in Ho Chi Minh.

Since March, the Ho Chi Minh City Department of Labor, Invalids, and Social Affairs has suspended new permits to foreign workers. As of March 2021, according to the ministry, Vietnam has more than 68,000 foreign workers, of which 37% have not returned to Vietnam due to global travel restrictions. This directly affects the decline in the exploitation capacity of serviced apartments for rent in the quarter.
To focus on protecting the health of existing tenants, many high-end serviced apartment for rent in Ho Chi Minh city projects have entirely stopped accepting short-term leases. In the lower segments, preferential policies on prices, extension of rental payment period, and easier regulations in canceling rooms have been applied during the epidemic period. Some chains such as Somerset, Glenwood and Thien Son have applied preferential rental rates of up to 10%. Some other chains such as Sherwood and City House restrict accepting new leases and keep apartments for long-term tenants until they return to work.
According to serviced apartment for rent in Ho Chi Minh city forecast, in the short term, demand for Serviced apartment for rent in Ho Chi Minh in all segments A, B and C is expected to decrease. While the pandemic is still complicated globally, the number of international visitors to Vietnam may decline, affecting short-term rental demand.
Besides decreasing demand, Serviced apartment for rent in Ho Chi Minh are also under pressure from competition with buy-to-let apartments. From 2018-2022, more than 50,000 apartments of grades A and B (high and mid-range) will be handed over, of which 30% will likely be put into operation for rent, increasing the competitive pressure on output for the market.The impact of the pandemic could also delay the progress of future projects. The recently recognized solution is that the market has begun to form a trend to convert Grade C apartments into offices to improve output.