Market rents rose by 1.4% in the second quarter of the year

The government announced a swathe of rental reforms last year which came into effect from March 1.

The latest analysis by Daft.ie found that there were fewer than 1,800 homes available to rent nationwide on February 1st.

The new bill will see rent pressure zones extended nationwide, capping annual rent increases at the rate of inflation or 2 per cent, whichever is lower

Housing Minister James Browne approved a review of HAP rent limits which may lead to an increase in the payments, it is understood.

As rents hit record highs and more people rent into retirement, experts warn Irish households are at greater risk if life takes a turn.