March 28, 2025
Makati is the financial and lifestyle hub of Metro Manila, making it a top choice for expatriates and foreign investors looking to rent a condominium. Known for its modern skyline, vibrant nightlife, and world-class business centers, Makati offers a convenient and dynamic living experience. If you're a foreigner considering renting in Makati, this guide will provide key insights into the area's highlights, price ranges, rental types, and condominium recommendations.
1.Why Choose Makati?
Makati is a prime location for foreigners due to its well-developed infrastructure, security, and accessibility. It is home to the Makati Central Business District (CBD), where numerous multinational companies, embassies, and corporate headquarters are located. The city is also known for its diverse culinary scene, shopping malls, and green spaces like Ayala Triangle Gardens. Additionally, Makati's healthcare and education facilities are among the best in the country, making it a preferred area for expatriates and their families.
2.Rental Price Range in Makati
Rental prices in Makati vary depending on the type of condominium, location, and amenities. Here's a general price breakdown:
Studio Units – PHP 25,000 to PHP 40,000 per month
One-Bedroom Units – PHP 40,000 to PHP 70,000 per month
Two-Bedroom Units – PHP 70,000 to PHP 120,000 per month
Three-Bedroom Units & Luxury Suites – PHP 120,000 to PHP 250,000 per month
Premium locations such as Ayala Avenue, Rockwell Center, and Legazpi Village tend to have higher rental prices due to their proximity to business hubs and high-end facilities.
3.Recommended Condominiums in Makati
If you're searching for a rental property, here are some of the top condominiums in Makati with excellent amenities and security:
Low-Range Condominiums (PHP 25,000 - PHP 50,000/month)
Jazz Residences – A budget-friendly option near Makati Avenue, offering convenient access to restaurants and shops.
Avida Towers Makati West – A well-maintained and affordable residential complex in the quieter part of Makati.
Beacon Makati – A mid-rise development with basic amenities, located near major transport routes.
Mid-Range Condominiums (PHP 50,000 - PHP 100,000/month)
Greenbelt Parkplace – A well-located residence offering a balance of affordability and convenience near Greenbelt.
The Columns Legazpi Village – Ideal for professionals, with a modern design and access to business districts.
Paseo Parkview Suites – Located near Salcedo Village, this condo offers great accessibility and amenities.
High-End Condominiums (PHP 100,000 - PHP 250,000/month)
The Residences at Greenbelt – Located in Legazpi Village, offering direct access to Greenbelt Mall and a luxurious lifestyle.
Raffles Residences – A high-end property near Ayala Avenue, providing hotel-like services and premium amenities.
One Rockwell – A stylish development in Rockwell Center, ideal for those who prefer a secure and upscale environment.
The Gramercy Residences – A well-known luxury condominium with an iconic sky park and 24/7 concierge services.
The Proscenium at Rockwell – One of the most prestigious addresses in Makati, offering top-tier facilities and sophisticated living.
4.Rental Types and Lease Terms
Foreigners renting in Makati typically have the following options:
Short-Term Rentals – Ideal for business travelers or expats staying for a few months, with fully furnished units available for lease.
Long-Term Rentals – More cost-effective for those staying at least a year. Standard lease agreements require a minimum one-year contract with two months’ deposit and one month advance payment.
Serviced Apartments – These come fully furnished with housekeeping and hotel-like services, suitable for professionals who prefer convenience.
5.Final Tips for Foreigners Renting in Makati
Work with a Trusted Real Estate Agent – This ensures a smoother transaction and access to the best properties that match your needs.
Understand Lease Agreements – Carefully read and clarify terms, including deposits, utility costs, and maintenance fees.
Check the Neighborhood – Consider proximity to work, malls, transport options, and security.
Negotiate Rental Rates – Some landlords may offer better deals for long-term leases.
Makati remains the top choice for foreigners seeking rental properties in Metro Manila. Its strategic location, world-class amenities, and diverse condominium options make it an attractive place to live. Whether you're staying short-term or planning a long-term stay, understanding the rental market and choosing the right property will ensure a comfortable and hassle-free living experience in the heart of Metro Manila.
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