Apartments for rent in Yangon

The types of apartments for rent in Yangon include standard apartments, high-end apartments, and serviced apartments. Although there are some old apartment buildings in the country, foreigners usually choose to live in newly built, modern apartment complexes.

Standard apartments are the least expensive type of apartment; they usually come with studio rooms or rooms that have slim partitions imitating walls and offer standard amenities such as parking spaces.

High-end apartments are developed by a reputable construction company. On average, they usually have three bedrooms and provide amenities like parking spaces, security guards, and elevators. They are also much more modern in terms of design when compared to standard apartments.

The most luxurious apartment type is serviced apartments. Renters can enjoy fully decorated rooms and upscale amenities, such as swimming pools, gyms, children’s playgrounds, parking spaces, 24-hour security systems, and even cable TV.

Most people come to Yangon to admire the spectacular Shwedagon Pagoda. It is the most famous pagodas in the world and is one of the most sacred Buddhist sites in Myanmar. It is a 100-meter tall central structure that is entirely covered in gold and studded with precious stones, such as diamonds and rubies. Another popular pagoda in the city is the Sule Pagoda and Botataung Pagoda.

Besides the pagodas, Yangon also has many other attractions to offer. Visitors can walk through the lively Chinatown, tour the Martyrs’ Mausoleum, explore the Chaukhtatgyi Buddha Temple, feed the catfish at the beautiful Yangon Lake, stroll around Kandawgyi Park, or visit the National Museum.

Many people see Yangon as an attractive destination due to its low cost of living. However, foreigners should be aware that the prices of items and rents in the city are on the increase. In general, the cost of living is about 40% less than in the United States. The official currency used in the country is Burmese Kyats (MMK). 1 USD converts to around 1,360 MMK. In some tourist areas, US dollars can be used to pay for services and goods, but they only accept the most pristine bills.

The largest religion in Yangon is Theravada Buddhism, which is why the country’s culture and customs are based on this religion. Most people speak Burmese as it is the official language of the country. English is not widely spoken, but many people have a basic understanding of the language. 

A Stay Permit and Multiple Journey Special Re-entry Visa is required for foreigners to live in Yangon for an extended period of time.

1. Freedom and flexibility – with renting, you can move when and how often you like. Besides, breaking a lease is far cheaper than not being able to sell your property. 
2. Improving infrastructure – as Myanmar’s financial, commercial, and logistic center, Yangon is seen as an important city by the country’s government and they are in the process of transforming the city into a safe, vibrant, sustainable, and smart city by 2030. Today, the improvement in the city’s infrastructure is very evident.
3. Avoid unnecessary fees – purchasing property means you have to pay for repair jobs, renovations, taxes, and any other fees associated with owning a property. Renting, on the other hand, lets you avoid all of these fees as it is the landlord who is responsible for any repairs or renovation.