Renting in Singapore as an American: Everything you need to know

Singapore is a busy city-state that attracts expats from around the world, thanks to its high living standards and multicultural environment.

Finding and securing a rental property is typically easy - especially since real estate agents are used to working with foreigners - but you can expect to pay a lot of money for your apartment or house.

This guide will walk you through everything you need to know about renting in Singapore so you can find your dream property. We’ll also introduce Wise, a fast, simple and secure way to send money to Singapore with low fees and no exchange rate markups.

Learn more about Wise

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Table of contents

Can an American rent property in Singapore? How much is rent in Singapore? What documents do I need to rent in Singapore? Renting abroad? Send money the hassle-free way with Wise Types of property to rent in Singapore How do I find a property to rent in Singapore? Things to consider when looking for a place to rent How to apply for a property to rent in Singapore Tenancy contracts in Singapore What are the best neighborhoods to rent in Singapore?

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Can an American rent property in Singapore?

Foreigners - including Americans - can rent in Singapore without any issues as long as they have the right visa. This includes visas for workers, investors, students or any other visa that allows you to legally live in Singapore.

Most landlords in Singapore prefer long-term tenants. If you're planning a shorter stay, you might want to consider Airbnb or similar short-term accommodations instead.

How much is rent in Singapore?

You can expect to pay premium prices for rent in Singapore, similar to what you'd find in major hubs like New York or London. The city has a high cost of living, but you get a developed infrastructure and lots of fun things to do.

Here's the average rent in Singapore in USD.

Rental property	Average monthly rent¹
1 bedroom apartment (city center)	2,697 USD
1 bedroom apartment (outside center)	1,974 USD
3 bedroom apartment (city center)	5,454 USD
3 bedroom apartment (outside center)	3,745 USD

🔍 Wondering how much that would cost in Singapore dollar (SGD)? Check out this handy conversion calculator:

Your rent will largely depend on the neighborhood you choose.

For example, Ardmore Park has some of Singapore's most luxurious properties and commands top dollar. But areas like the West Coast, while further from downtown, have more affordable options and are popular with families.

Unlike many major cities, Singapore is very safe and has an extremely low crime rate, so there are no "bad" neighborhoods to avoid.

What additional costs will apply?

In addition to rent, you'll typically have to pay for your own utilities and internet connection. Most landlords also ask for a good faith and security deposit. Here's what to expect.

Expense	Typical cost
Good faith deposit	1 month’s rent²
Security deposit	1-2 months’ rent²
Utilities	155 USD¹
Internet	35 USD¹

The security deposit covers any potential damage to the property during your stay. The good faith deposit is essentially a booking deposit that later becomes part of your security deposit or first month's rent once you sign the lease.

Depending on how much you pay for rent and your lease term, you'll also have to pay stamp duty. Here are the current stamp duty rates.

Monthly rent	Lease period	Stamp duty rate²
Less than 746 USD	Any period	Doesn’t apply
More than 746 USD	4 years or less	Monthly rental x Length of Stay x 0.4%
More than 746 USD	More than 4 years	(4 x Average Annual Rental) x 0.4%

💡 To make managing these payments easier, think about opening a bank account in Singapore.

What documents do I need to rent in Singapore?

Renting in Singapore is generally straightforward, and there are only a few documents that you'll need to apply. They should be all valid for at least 6 months from your application date.²

• Employment pass or S pass
• Work permit (if applicable)
• Dependent pass (for family members)
• Valid passport
• Proof of funds for the security deposit, stamp duty and good faith deposit

Many landlords will also want to verify your income to make sure you can afford the rent and living expenses.

Renting abroad? Send money the hassle-free way with Wise

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Types of property to rent in Singapore

There are 4 main types of property to rent in Singapore: public housing (HDB flats), private housing, houses and shared housing/co-living spaces. Here are the most important things to know.

Public housing (HDB)

Don't let the term "public housing" scare you! HDB flats are where most Singaporeans live, and they're a great - and typically more affordable - option for expats, too.

The Housing Development Board (HDB) builds these apartments, and they come in different sizes, from 1 to 3-bedroom units. There's also an executive variation that includes a larger living area and space for a study or balcony.

Just keep in mind that it's a regulated type of housing and certain restrictions apply. For example, you can only keep one dog from a list of approved breeds, and breaking this rule can result in high fines.³

Private housing

Private housing typically means condominiums (condos). They're popular with expats because they often have high-end amenities like swimming pools, gyms and even tennis courts.

These properties typically cost more than HDB flats, but they come with extra lifestyle perks.

Houses

Houses aren't very popular in Singapore since it's an urban setting, but you can find some in more family-friendly areas like Holland Village.

You can rent bungalows and semi-detached homes, but they’re typically more expensive than condos. Many of them are in neighborhoods with international schools.

Shared housing and co-living

Shared housing is becoming more and more popular as people are trying to beat Singapore’s high living costs.

This typically means you'll rent a single room and share common areas like the kitchen, living room and bathroom with other tenants. You'll split the rent and utilities, which makes co-living a great option for young people on a budget.

How do I find a property to rent in Singapore?

There are 3 main ways to find a property to rent in Singapore. You can use online property portals, network with friends and co-workers or work with a real estate agent.

Most people start their search with online rental listings, but if it's your first time renting in Singapore, you may want to consider hiring an agent to guide you through the process.

Online property portals

Property portals are the go-to choice for most renters in Singapore because they give you a good sense of all of the different properties available. You can also use filters to narrow down your search by location and price.

For regular rentals, try these major platforms:

• PropertyGuru
• 99.co

If you're looking for co-living spaces or shared housing, check out:

• Cove
• Rent in Singapore
• Roomies

You can also try Facebook groups, but be cautious of scams.

Word of mouth

If you have existing connections in Singapore, such as friends or co-workers, it's a good idea to ask them if they know of any properties available for rent.

This way, you can get access to properties before they hit the open market. Coming in recommended may help you get better rental rates or go faster through the application process, too.

Real estate agents

The easiest way to start renting a property in Singapore is to work with a real estate agent. An experienced agent can save you time and potential headaches. They'll help you find properties and walk you through the application process.

Singapore has strict rules about dual representation. Your agent can only represent you, and your landlord will have their own agent to make sure you're both protected during negotiations.

Real estate agents charge commission fees, but if you're signing a long-term lease or renting an expensive property, you may be able to get your landlord to cover your agent's service fee.

There's typically room for negotiation - especially for high-end properties - so don't be afraid to ask.

How to avoid scams when renting in Singapore

Singapore is one of the safest places in the world and rental scams are uncommon. That said, they still do happen sometimes, so it's important to use common sense and follow basic rules that can help you avoid fraud:

• Never transfer money before viewing the property in person and meeting the actual landlord or authorized agent
• Make sure to sign a tenancy agreement - if the landlord seems hesitant or pushes for verbal agreements, this is a red flag
• Be wary of prices that seem too good to be true
• Always get receipts for any payments you make, including the good faith deposit
• Be extra careful with listings you find on social media, such as in Facebook groups

Things to consider when looking for a place to rent

Before signing a lease, view different properties and check these key aspects:

• Distance to public transportation and places you'll often travel to, such as work or school
• Noise levels
• Neighbors
• Nearby amenities, supermarkets and restaurants
• Natural light and ventilation
• AC units (and their condition)
• Water pressure in bathrooms and kitchen
• Cell phone reception
• Signs of mold or water damage
• Age and condition of appliances
• Storage space

Don't be afraid to ask the landlord or property agent questions. You want to make sure you'll actually enjoy living in the property - especially when signing a long-term lease.

If you're looking at a co-living arrangement, make sure to meet all of your potential roommates and ask about cleaning expectations, whether you're allowed to have guests over and other important rules.

How to apply for a property to rent in Singapore

The application process will look slightly different depending on whether you're working with an agent or directly with a landlord.

Property agencies

Working with a real estate agent typically simplifies the process.

Step 1. Find a licensed real estate agent.

Step 2. View properties they’ll find for you.

Step 3. Once you find a property you like, gather your documents (passport, visa, proof of employment, etc.)

Step 4. Prepare a Letter of Intent (LOI) with your agent's help, including the rental rate, lease length and any special requests.

Step 5. Sign the tenancy agreement.

Step 6. Inspect the property.

Step 7. If everything looks good, get your keys and move in.

Your agent will handle most of the paperwork and may even negotiate the rent and terms on your behalf.

Private landlords

If you're dealing with the landlord, the application process is similar. The only difference is that you'll have to handle everything yourself.

You'll prepare your own Letter of Intent (LOI) and deal with any issues directly. English is one of Singapore's official languages, so communication should be straightforward.

Tenancy contracts in Singapore

Your tenancy agreement (TA) outlines your rights and responsibilities as a tenant. It does the same for your landlord. There's no fixed tenancy agreement format in Singapore, but a standard TA typically includes:

• Monthly rent and payment terms
• Lease duration
• Security deposit amount and conditions to get it back
• Stamp duties
• Maintenance and repair responsibilities
• How to pay utilities
• Furniture and appliance inventory
• Rules about guests and noise
• Pet policies
• Rules for terminating and renewing the lease

Most leases for renting an apartment in Singapore range from 1 to 2 years, but you may be able to find properties with shorter or longer terms.²

Tenant laws and rights in Singapore

Your tenancy agreement should clearly define your rights as a tenant. Typically, you have a right to safe living conditions, peace, privacy and other basic needs.

If you have issues with your landlord that you can't resolve without involving a third party, you can get in contact with the Fair Tenancy Industry Committee.

What are the best neighborhoods to rent in Singapore?

Singapore has many popular neighborhoods, so you have choices when it comes to deciding where you want to rent. Popular spots include:

• Holland Village: This neighborhood is popular with expats and especially with families. It's relatively expensive, but there are many amenities to enjoy, such as restaurants, bars and shops
• East Coast: The East Coast has a more suburban 'feel' and is great for people who like living near the water. You can find larger apartments here at more affordable prices than in more central areas
• West Coast: Many expat families rent in this neighborhood because it's more quiet and affordable but still comes with good amenities. The area also has several international schools
• The Heartlands: Areas like Ang Mo Kio and Woodlands offer an authentic Singaporean living experience. You'll still find some condos here, but most properties are HDB flats
• The Quays: One of the most popular and expensive neighborhoods in Singapore, The Quays are perfect for young professionals who want to be close to both work and entertainment

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Finding an apartment in Singapore isn't hard, but you have to be prepared to spend a hefty amount on rent. In return, you get access to a safe, efficient city with excellent amenities and a high standard of living. Eventually, you may even decide to buy property in Singapore.

Use Wise to easily send money to Singapore and save on fees when making large payments such as rent. You can convert to 40+ currencies in just a tap.

Sources

1. Numbeo - Cost of living in Singapore
2. Crown Relocations - 5 steps to start renting in Singapore as a foreigner
3. Housing & Development Board - Keeping pets

Sources checked 12.2.2024