The average national rent has hit 1,391 euro a month, an increase of almost 7 percent in the last year.

The latest report shows the average rent in Dublin is now more than 2,000 euro a month.

In county Mayo 700 euro per month is the average rent on a 3 bedroom house.

In Galway city rents have risen by more than 9 percent in twelve months.

However, the report shows the rate at which prices are increasing has slowed down to its lowest in five years.

Limerick and Waterford had the biggest increase in prices with hikes of around 10 percent.

Mayo Fianna Fail deputy Lisa Chambers has hit out at the Minister for Housing Eoghan Murphy fpr failing to cap spiralling student accomodation rents.