Indonesia has become a popular destination for expats in recent years, thanks to its natural beauty, rich culture, and relatively low cost of living. While the cost of living in Indonesia is generally lower than many Western countries, rental prices in some areas popular with expats can be high. In this article, we will look at typical rental prices in these areas, as well as any rental caps that may be in place and the rules for rental deposits and their return.
Typical Rental Prices in Popular Expat Areas
The cost of renting a property in Indonesia can vary significantly depending on the area, type of property, and the quality of the building. Here are some typical rental prices in some popular areas with expats:
Bali is a popular destination for expats, thanks to its stunning beaches, vibrant culture, and laid-back lifestyle. The cost of living in Bali is generally lower than many Western countries, but rental prices in some areas can be high, especially in popular tourist areas.
In popular tourist areas like Seminyak and Canggu, a one-bedroom apartment can cost between IDR 6 million to IDR 10 million (approximately $400 to $700 USD) per month. A two-bedroom villa can cost between IDR 12 million to IDR 25 million (approximately $800 to $1,700 USD) per month.
Jakarta is the capital of Indonesia and the largest city in the country. It is also a popular destination for expats, thanks to its thriving business scene and diverse culture. Rental prices in Jakarta can be high, especially in popular areas like South Jakarta and Central Jakarta.
In popular areas like Kemang and Pondok Indah, a one-bedroom apartment can cost between IDR 7 million to IDR 12 million (approximately $500 to $800 USD) per month. A two-bedroom apartment can cost between IDR 13 million to IDR 20 million (approximately $900 to $1,400 USD) per month.
Yogyakarta is a city located in Central Java and is known for its rich culture and history. It is also a popular destination for expats, thanks to its affordable cost of living and laid-back lifestyle.
In popular areas like Prawirotaman and Tirtodipuran, a one-bedroom apartment can cost between IDR 2.5 million to IDR 5 million (approximately $175 to $350 USD) per month. A two-bedroom house can cost between IDR 5 million to IDR 10 million (approximately $350 to $700 USD) per month.
Rental Caps in Indonesia
As of 2021, there are no rental caps in place in Indonesia. This means that landlords are free to charge whatever rent they see fit. While this may be frustrating for renters, it also means that there is no limit to the quality and range of properties that are available.
Rental Deposits in Indonesia
When renting a property in Indonesia, it is typical for landlords to ask for a deposit. The amount of the deposit can vary but is usually equivalent to one to three months’ rent. The deposit is usually held by the landlord and returned to the tenant at the end of the tenancy.
However, it is important to note that there are some rules around the return of rental deposits in Indonesia. According to Indonesian law, the landlord must return the deposit within 14 days of the end of the tenancy. The landlord is also allowed to deduct any unpaid rent, damage to the property, or unpaid bills from the deposit.
If the tenant believes that the landlord has unfairly deducted from the deposit, they can file a complaint with the local government or seek legal advice.
Price and Availability of Rentals at Different Times
Rental prices and availability can vary depending on the time of year in Indonesia. Some factors that can cause changes include the time of year, the location, and the demand for the property.
High Season vs. Low Season
Indonesia has a high tourist season, which typically runs from May to September. During this time, rental prices in popular tourist areas can increase significantly, and properties can become more difficult to find. Conversely, during the low tourist season (October to April), rental prices can decrease, and properties may be easier to find.
In some areas, such as Yogyakarta, rental prices can be affected by the academic calendar. This is because there is a large student population in the area, and landlords may adjust their rental prices and availability to coincide with the academic calendar.
During the academic year (August to June), rental prices can be higher, and properties may be more difficult to find. Conversely, during the summer months (June to August), rental prices can decrease, and properties may be easier to find.
Indonesia is a predominantly Muslim country, and religious holidays can also affect rental prices and availability. During major holidays like Eid al-Fitr or Eid al-Adha, rental prices can increase as many Indonesians return to their hometowns to celebrate with their families. Conversely, rental prices may decrease during other times of the year.
In conclusion, rental prices in popular expat areas in Indonesia can vary significantly depending on the location and type of property. While there are no rental caps in place in Indonesia, landlords are required to return rental deposits within 14 days of the end of the tenancy.
Rental prices and availability can also be affected by the time of year, the location, and the demand for the property. For expats who are planning to rent a property in Indonesia, it is important to do their research, compare prices and properties, and ensure that they understand the terms and conditions of the rental agreement.