Applications will open for the first Cost Rental homes at Montpelier in Dublin 7 next Monday, March 30, with Tuath Housing inviting eligible households to apply for one, two and three-bedroom homes.
The first phase of 75 Cost Rental homes at Ashford House is due for completion in June, with residents expected to move in from late June.
Montpelier is a major new development that will deliver 1,046 homes in total, including 264 Cost Rental homes managed by Tuath Housing, the country’s largest not-for-profit Approved Housing Body (AHB).
A second phase of Cost Rental homes at Montpelier House is scheduled for delivery in 2027.
Cost Rental provides secure, long-term homes at rents based on the cost of delivery rather than market prices.
These homes will offer high-quality, secure and affordable housing for people who are priced out of the private rental market but do not qualify for social housing. Rents will be set at least 30% below comparable market levels, providing stability and certainty for residents.
In a first for both Tuath Housing and the AHB sector, 25% of the Cost Rental homes will be reserved for applicants with a local connection to the area.
This approach is designed to support community continuity, enabling people to remain connected to the places they live, work and belong.
The remaining 75% of homes will be open to all eligible applicants.
Sean O’Connor, Chief Executive of Tuath Housing, said:
“Housing plays a critical role in maintaining the social fabric of our cities, and developments like this help ensure people can continue to live and contribute to the communities they are part of.
“The introduction of a local priority element is an important step in recognising the value of community connection. It helps ensure that as our cities grow, they remain places where people can put down roots, build relationships and plan for the future.”
All homes will be allocated through a transparent lottery system, details of which can be found on Tuath’s website.
Applicants can qualify for local priority if they meet one of the following criteria:
- Currently living within the North Inner City, South-East Inner City, South-West Inner City or Cabra–Glasnevin Local Electoral Areas
- Previously living in these areas for at least two of the past five years
- Working within a 2km radius of Montpelier
- A household member attending education within a 2km radius
Applicants who qualify for local priority but are unsuccessful will automatically be included in the general lottery, which will take place one week later.
Lord Mayor of Dublin, Councillor Ray McAdam, said:
“Montpelier is a powerful example of what we mean when we talk about building a living city.
“This development delivers high quality, A rated homes at affordable rents, with secure long-term tenancies that give families and individuals the stability they deserve.
“Mixed tenure housing done well creates real community, and that is exactly what is taking shape here.
“But housing alone is not enough.
“The generous green spaces, shared amenities and thoughtful design support an active city, encouraging neighbours to meet, children to play and communities to thrive in healthy, sustainable surroundings.
“Most importantly, Montpelier reflects an engaged city.
“It is the result of collaboration between Dublin City Council, Tuath Housing, dedicated officials, elected members and the local community.
“When we work together with a shared ambition, we do more than build homes. We build neighbourhoods, opportunity and a stronger Dublin for generations to come.”
Councillor Deirdre Heney, Chair of the Housing and Social Inclusion SPC, Dublin City Council, said:
“The launch of these Cost Rental homes at Montpelier highlights Dublin City Council’s ongoing commitment to addressing housing needs through a range of tenure options.
“This development focuses on what truly matters – providing affordable, secure homes while supporting the growth of a vibrant and sustainable community.
“I would like to commend all those involved for their commitment, teamwork, and determination in delivering this project.”
Dublin City Council Assistant Chief Executive for Housing, Mick Mulhern, said:
“Dublin City Council remains committed to providing housing solutions that meet the needs of all, and the launch of these Cost Rental homes at Montpelier is a strong example of our expanding range of tenure options.
“This initiative goes beyond construction – it is about creating inclusive, thriving communities where people can settle and build their futures.
“I would like to recognise the collaborative effort that made this delivery possible and reaffirm our commitment to providing affordable, secure homes for the people of Dublin.”
Cost Rental rents at Montpelier will be:
- €1,490 for a one-bedroom apartment
- €1,695 for a two-bedroom apartment
- €1,895 for a three-bedroom apartment
These represent a discount of at least 31% on comparable rents in the area.
Demand is expected to be high, with more than 8,000 individuals having already pre-registered their interest.
Applications will open on March 30th at 2pm via: tuathhousing.ie/cost-rental