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Find the latest rental rates on the Bali property market
Bali is an Indonesia province popular for its iconic rice paddies, forested volcanic mountains, stunning beaches, luxurious villas, and great nightlife. Located in the Indian Ocean and is 95 miles wide, the Island of Bali offers humid, warm and tropical climate all year round with 2 main distinctive seasons: Rainy season and dry season.
The island of Bali has a total population of 4.3 million people and is fast becoming a global tourist hotspot with iconic locations such as Seminyak, Kuta, Ubud, Jimbaran and Canggu featuring well-developed properties.
Bali offers a wide selection of property types for rent that caters to all budgets. For the cheapest option, it is possible to rent a room in a local family’s house. Laundry prices and meals can be negotiated with the family.
For a long-term option, renting a room in a hotel or penginapan (simple lodging) is far better and laundry and meals available for an extra fee. Typical western-style flats, known as Kos or Kost are rental rooms similar to a residential hotel or boarding house. They are usually small with private rooms sometimes provided or shared. Contracts can be monthly or yearly and payment is made at least one month in advance.
Local houses are also available for rent in Bali. A rental contract for this type of property is usually between 1 – 3 years. Large complexes such as condominiums and townhouses are also available. Accommodations may include such facilities as swimming pool, 24/7 security, community playgrounds, gyms, and recreation rooms.
However, the most common property for rent in the Island of Bali is luxurious villas, usually in beachfront locations. Rental contracts here can vary from a week to 3 years with service staff usually a part of the package. Costs for rented villas are quite high because of their luxurious and comfortable living and are promoted more than other rental options.
Being one of the most popular tourist destinations in the world, Bali attracts lots of tourists and has an ever-growing job market within the tourism industry. Most Balinese work as guides, in craft shops, hotels or as taxi drivers. The Island of Bali is known for its garment and clothing factories as well as coffee and cigarette factories.
A high percentage of Balinese earn a living by working in agriculture and growing crops such as beans, corn, cassava (a root vegetable), and rice.
Monthly living costs in Bali is between $650 to $1,700 per month for a single person, families, and couples sharing rental costs would save a bit more.