Bank and public holidays in Thailand: 2017-2018 guide
For many westerners, holidays in Thailand can be difficult to keep track of, since many of them change dates yearly depending on the lunar calendar....
Many people come to Thailand on vacation and decide to stay long-term for better weather and a lower cost of living. Renting in Thailand is generally easy and budget-friendly, with a 1-bedroom apartment in a central location costing just around 445 USD per month on average.¹
Still, there are important things you should know for a successful property search in Thailand, whether you're planning on living in a big city like Bangkok or on an island like Phuket.
You'll get practical guidance on how to rent in Thailand as a foreigner in this guide. We’ll also introduce Wise, an easy way to convert between currencies with no exchange rate markups.
Yes, Americans can rent in Thailand without any restrictions just like everyone else. Thailand is friendly to foreigners, and there are many real estate agencies and property websites for international tenants.
Technically speaking, you shouldn't be allowed to rent a property long-term on a tourist visa because it's only valid for 60 days (with the possibility to extend for 30 more days), but in practice, landlords rarely check your visa status.²
That said, if you're staying in Thailand long-term, consider getting permanent residency or a work visa so you're in legal status. There's also now a Destination Thailand Visa (DTV) for digital nomads and remote workers.
The cost of living in Thailand is low, and rental prices are much more affordable than what you're likely used to in the US. Of course, they'll vary significantly by location and property type, but in general, you can find good-quality accommodation at reasonable rates.
A 1-bedroom apartment in a city center averages 445 USD monthly, and if you're willing to live a little further out, you can find a 1-bedroom at around 245 USD or so.¹
Here's a closer look at how much you can expect to pay for rent in Thailand depending on where you live.
Location | 1-bedroom (city center) | 3-bedroom (city center) |
---|---|---|
Bangkok³ | 563 USD | 1,676 USD |
Chiang Mai⁴ | 382 USD | 726 USD |
Pattaya⁵ | 528 USD | 1,079 USD |
Phuket⁶ | 522 USD | 1,718 USD |
Chiang Rai⁷ | 248 USD | 706 USD |
Bangkok has the highest average rental prices because of its amenities and developed infrastructure, but renting property there is still affordable for Americans.
Pattaya and Phuket, both coastal areas, are pretty comparable to Bangkok in terms of rental prices and are also popular with expats. Chiang Rai and Chiang Mai stand out as the cheapest options.
If you decide to live in a rental property that's more luxurious and targeted to foreigners, you'll likely get higher prices. More "local" apartment buildings are more affordable, but they may lack modern amenities.
When you're renting an apartment in Thailand, you're typically responsible for paying for your own utilities and internet.
Landlords also often ask for a security deposit, which is usually equivalent to 2 months' rent.⁸
This deposit serves as protection for landlords against potential damage or unpaid bills. Your landlord will hold the deposit while you're renting the property and return it when you move out, minus any costs for repairs or damages (beyond normal wear and tear).
Expense | Typical cost |
---|---|
Security deposit | 2 months’ rent⁸ |
Utilities | 74 USD¹ |
Internet | 16 USD¹ |
💡 Opening a bank account in Thailand can make it easier to pay your utilities and other additional expenses. |
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The requirements for renting in Thailand are pretty minimal, especially compared to the US. Most of the time, the only thing you need is your passport.
Typically, landlords won't ask for things like proof of income or a credit report. But sometimes they may ask you to show a valid visa, although it's rare. Most landlords focus primarily on your ability to pay rent and keep the property in good condition.
Wise offers you a quick, secure and transparent way of sending money to Thailand. You get the mid-market exchange rate for your payments and see how much it’s charged for the transfer before sending the money from your bank.
With the Wise Account you can also hold 40+ currencies, spend money in 150+ countries, and receive like a local in 9 different currencies.
Please see Terms of Use for your region or visit Wise Fees & Pricing for the most up to date pricing and fee information
Condominiums are the most popular option in the expat rental market, especially in big cities like Bangkok, but you'll also find houses, villas and apartments available for rent. Here are the most important things to know about different rental properties in Thailand.
Condominiums (often called "condos") are popular with expats because they often come with impressive amenities, such as swimming pools and gyms.
These properties have a shared ownership structure, and they're the only property type foreigners can legally purchase with minimal restrictions.
🚀 Learn more about buying property in Thailand as a foreigner in our full guide. |
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Most condos come with built-in kitchens, separate bedrooms and living areas, which makes them a comfortable option for a long-term stay. In some of them, you can find co-working spaces and other unique amenities, too.
If you want more space, consider renting a house or a villa.
Renting a villa in Thailand is popular in beach areas like Phuket, but you can also sometimes find detached houses in cities. You'll typically have a private garden, multiple bedrooms, a full kitchen and sometimes a private pool.
This can be a great option for families with kids.
In Thailand, "apartment" specifically refers to leasehold properties owned by real estate companies, not individual owners.
These buildings typically have more basic amenities compared to condominiums and are more budget-friendly. They also might have stricter building rules and only basic furniture. Some of them don't even have a kitchen.
There are a few ways to find long-term rentals in Thailand, but the most popular one is to use a real estate agent or an agency. That said, you can also browse properties online on dedicated websites or in Facebook groups.
Professional real estate agencies like Bangkok Property can make your property search much more simple, especially if you're new to Thailand. Agents typically speak English, have access to extensive property databases and can even help you negotiate better terms with your landlord.
Also, agent services are usually free for tenants (landlords pay the commission), but always confirm this before starting to work with an agency.
There are many websites you can use to find rental properties in Thailand, such as:
You can filter properties by location, price range and other factors, which makes it easier to find properties that match your preferences. But listings can sometimes be outdated or inaccurate, so don't commit to the first property you see without doing more research.
Some landlords list their properties in Facebook groups. Having direct access to landlords can potentially help you secure better prices, but using social media to rent properties also comes with a higher risk of scams.
Always verify all details and be wary of properties that seem too good to be true.
Sometimes, simply walking around neighborhoods on foot can help you find unadvertised properties and potentially negotiate better rates directly with owners. Look for "For Rent" signs, many of them are in English.
Foreigners are an easy target for a rental scam in Thailand, but you can protect yourself by exercising these precautions:
- Always verify that the property actually exists and matches the photos
- Request to see the landlord's ID card
- Avoid cash deals or unusual payment methods like cryptocurrency
- Be suspicious of unusually low prices in popular locations
- Check that utility meters are properly registered and separate from other units
- Never send any money before seeing the property in person
Working with a real estate agency can minimize your risk of being scammed, but make sure that they're legitimate. Look at their website and visit their office to get a sense of their professionalism.
The most important thing when choosing a property to rent in Thailand is that you like it and feel comfortable there. But here are a few things to ask about if you want to make an informed decision:
- Air conditioning efficiency and maintenance history
- Water pressure and quality (some areas have hard water issues)
- Flood history of the area, especially during rainy season
- Building rules for visitors
- Noise levels from construction or nearby bars
- Kitchen ventilation
- Security systems
- Maintenance response times and procedures
- Parking (if any)
- Pet policies
Make sure to view a few properties before making your decision, even if you really like the first one you see. It's always good to have options and take your time when making an important choice like where to live.
The rental process in Thailand typically moves quickly. You can often move in within a few days of viewing a property. Most landlords and agents speak enough English to handle rental transactions, especially in areas that are popular with expats.
Most expats work with property agents to find and rent properties. Here's what to expect:
- Contact an agency and specify your requirements such as the budget and your preferred location
- Schedule viewings and find a property you like
- Submit basic documents (usually just your passport)
- Make an offer and negotiate terms
- Pay the deposit and first month's rent
- Sign the lease agreement
- Complete the move-in inspection and get your keys
Renting from landlords without using a real estate agent can sometimes get you a better rate, but you'll need to be more involved in the process. In this case, you'll contact the landlord to arrange a viewing and deal with them directly throughout the process.
You should get a written contract (สัญญาเช่า, săn-yaa châo) to protect both you and the landlord. It should include:
- Full names and contact details of all parties
- Property address and detailed description
- Rental amount and payment schedule
- Security deposit amount and return conditions
- Lease duration and renewal terms
- Utility payment responsibilities
- Maintenance and repair obligations
- Property rules
- Notice period for termination
- Inventory list of furnished items
Leases typically last 1 year.⁹
Thailand's tenant protection laws have strengthened over the last few years, especially when it comes to professional landlords (those renting 5 or more properties).¹⁰
Your rights as a tenant include:
- Utilities must be charged at cost, with no surcharges
- Deposits must be returned within 7 days of move-out¹⁰
- Landlords must provide advance notice before property inspections
- Protection against unlawful eviction
- Negotiation rights for late payments before eviction
- Clear terms for lease termination
If you're renting from a smaller landlord, they're not legally obligated to follow these practices, but many of them do.
The real estate market in Thailand is active, with most expats settling in Bangkok, Chiang Mai, Phuket, Pattaya or Chiang Rai.
Renting in Thailand has its specifics, but it's typically pretty easy and affordable for Americans.
Use Wise to send high-speed, low-fee money transfers to Thailand. There are no exchange rate markups, even when paying large amounts like rent.
Sources
Sources checked 12.2.2024
*Please see terms of use and product availability for your region or visit Wise fees and pricing for the most up to date pricing and fee information.
This publication is provided for general information purposes and does not constitute legal, tax or other professional advice from Wise Payments Limited or its subsidiaries and its affiliates, and it is not intended as a substitute for obtaining advice from a financial advisor or any other professional.
We make no representations, warranties or guarantees, whether expressed or implied, that the content in the publication is accurate, complete or up to date.
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