Housing & renting in Vietnam

Note: This information is for general reference only, updated to 2024. Regulations, prices, and procedures may change over time.

Finding housing in Vietnam is generally straightforward, especially in major cities. However, pricing structures, contracts, and rental practices may differ significantly from Western countries.

This guide covers the basics of renting and buying property in Vietnam for foreigners and long-term residents.

Types of housing

Vietnam offers a wide range of housing options depending on your budget and location.

Apartments

The most common choice for expats in cities like Hanoi and Ho Chi Minh City.

Types include:

• Studio apartments – Compact, 25–40m²
• 1–3 bedroom apartments – 45–120m²
• Serviced apartments – Fully furnished, cleaning included
• Luxury condominiums – Facilities such as pool, gym, security

Popular residential areas in Ho Chi Minh City include District 2 (Thao Dien) and District 7 (Phu My Hung). In Hanoi, Tay Ho and Cau Giay are common expat neighborhoods.

Houses (townhouses)

More common for families or businesses.

• 2–5 floors
• Larger living space
• Often partially furnished
• Suitable for long-term stays

Houses may require more maintenance and higher utility costs.

Rental prices

Prices vary greatly depending on city, district, and building quality.

Approximate monthly rent (2024)

Ho Chi Minh City / Hanoi:

• Studio: 6,000,000 – 10,000,000 VND
• 1-bedroom: 8,000,000 – 15,000,000 VND
• 2-bedroom: 12,000,000 – 25,000,000 VND
• Luxury units: 30,000,000+ VND

Smaller cities (Da Nang, Hai Phong, etc.):

Generally 20–40% cheaper

Serviced apartments cost more but may include:

• Internet
• Cleaning service
• Cable TV
• Water

Electricity is sometimes charged separately at a higher per-kWh rate.

Rental contracts

Rental contracts in Vietnam are typically:

• 6–12 months (most common)
• 1–3 months deposit
• 1 month rent paid in advance

Contracts may be in Vietnamese only. It is recommended to request a bilingual contract if you are not fluent.

Key things to check

• Electricity price per kWh
• Water cost calculation
• Internet included or not
• Maintenance responsibility
• Early termination conditions
• Deposit refund policy

Always take photos or videos of the property condition before moving in.

Where to find rentals

Common channels include:

• Facebook housing groups
• Local real estate agents
• Online platforms
• Direct contact with building management

In major cities, professional agencies are widely available.

Buying property in Vietnam

Foreigners can legally purchase certain types of property under Vietnamese law, with restrictions.

Key points

• Foreigners can buy condominiums, not land.
• Ownership is typically limited to 50 years, renewable.
• There is a cap on foreign ownership within each building.

Major developers include:

• Vingroup
• Novaland
• Sun Group

Legal advice is strongly recommended before purchasing property.

Hidden costs to consider

When renting or buying, consider additional expenses:

• Management fees (condominiums)
• Parking fees (motorbike/car)
• Electricity and water
• Cleaning services
• Furniture replacement

For buyers:

• Maintenance fund contribution
• Notary fees
• Registration fees

Registration and temporary residence

Landlords are legally required to register foreign tenants with local authorities.

Make sure your landlord completes this process, especially if you need documentation for visa or residence purposes.

Pros and cons of renting in Vietnam

Advantages

• Affordable compared to many countries
• Flexible lease terms
• Furnished apartments widely available

Challenges

• Inconsistent contract standards
• Language barriers
• Electricity overcharging in some buildings
• Noise (traffic, construction)

Typical monthly housing cost summary

For a 1-bedroom apartment in a major city:

• Rent: 10,000,000 – 15,000,000 VND
• Utilities: 1,000,000 – 2,000,000 VND
• Management fee: 300,000 – 1,000,000 VND

Estimated total: 11,500,000 – 18,000,000 VND/month

Housing in Vietnam offers good value for money, especially in modern condominiums with amenities. However, reviewing contracts carefully and understanding local practices is essential for a smooth rental experience.