Apartment Rentals in Thailand:
The Gulf Coast Market Automatic translate

The eastern coast of Thailand, bordering the Gulf of Thailand, attracts foreigners with a variety of long-term and short-term rental options. Three key locations — Hua Hin, Bangkok, and Pattaya — form a distinct segment of the rental market, each with its own unique characteristics and features.

Specific climatic conditions of the coast

The Gulf of Thailand offers favorable conditions for year-round living. Water temperatures remain between 26 and 28 degrees Celsius, making swimming comfortable any month. The region’s climate differs from that of the west coast: the rainy season is shorter, and precipitation is often short-lived.

The Gulf Coast is ideal for those planning a long stay in the country. Rainfall occurs primarily from May to October, but even during this period, sunny days outnumber cloudy ones. Temperatures range from 25 to 32 degrees Celsius, depending on the season.

Bangkok: a metropolis with developed infrastructure

The kingdom’s capital offers the widest selection of rental properties. Bangkok’s real estate market is highly liquid. Demand for quality housing exceeds supply in prime areas. The average monthly rent per square meter is approximately 615 baht.

Studios in the capital can be rented from 17,600 baht per month, one-bedroom apartments start at 26,000 baht, and a two-bedroom apartment costs 53,700 baht or more. The Wattana area remains the leader in both buying and renting. Proximity to BTS skytrain stations influences prices: eight of the ten most popular stations are on the Green Line.

Bangkok attracts expats working remotely and professionals from international companies. The city offers a well-developed medical infrastructure, international schools, and business centers. However, traffic congestion and high population density are factors to consider when choosing a neighborhood.

Hua Hin: A Royal Resort with a Relaxed Pace of Life

This city on the western shore of the bay, a three-hour drive from the capital, is renowned for its tranquil atmosphere. The Thai royal family traditionally spends weekends here, which accounts for the high level of security and well-maintained grounds.

Rental prices in Hua Hin vary by district. Northern Cha-Am offers villas starting from 25,000 baht and apartments starting from 35,000 baht for two-bedroom apartments. Central districts with developed infrastructure require a higher investment: one-bedroom apartments start from 45,000 baht, and two-bedroom apartments from 60,000 baht.

Khao Takiab attracts families with children thanks to its shallow sandy beach and affordable prices. The average price for a one-bedroom apartment here is 30,000 baht, while a two-bedroom apartment costs 45,000 baht. Hua Hin is a favorite among those who appreciate a relaxed pace of life and quality beaches.

Pattaya: A vibrant resort with affordable prices

Located a two-hour drive from the capital, Pattaya combines a beach holiday with urban amenities. The rental market here is more affordable than in Bangkok. Studios can be found from 15,000 baht per month, one-bedroom apartments from 16,000 to 22,000 baht, and two-bedroom options start at 20,000 baht.

The Jomtien area is popular with families with children due to its more relaxed atmosphere. North Pattaya, home to the main bus station, is convenient for frequent travelers. The central part of the city boasts the largest number of shopping malls, restaurants, and entertainment venues.

Pattaya has advantages over other resorts in terms of affordability and proximity to Bangkok. However, the city’s beaches are not as clean as those on the islands. For a quality beach holiday, Pattaya residents visit the nearby islands of Koh Lan, Koh Sak, and Koh Phai.

Types of affordable housing

The rental market on the Gulf of Thailand coast offers several categories of real estate. Condominiums are multi-unit complexes with shared amenities, such as swimming pools, gyms, and security. Residents pay monthly maintenance fees of approximately one dollar per square meter.

Villas are ideal for families who prefer space and privacy. These properties include a private plot, a swimming pool, and several bedrooms. Townhouses occupy a middle ground between apartments and villas — they consist of several floors with a small outdoor area.

Condominium owners have lower maintenance costs than villa owners. Management of shared infrastructure is shared among all residents. Villas require gardening and pool maintenance, which adds between $25 and $220 to monthly expenses.

Financial aspects of renting

Long-term rentals start from one month, but optimal terms are offered with six-month or one-year contracts. Landlords typically require a deposit equal to one or two monthly payments. This amount is returned at the end of the rental period, provided there is no damage to the property.

Utilities are paid separately. Electricity costs 4 to 6 baht per kilowatt-hour, and water costs 15 to 50 baht per cubic meter. The average electricity bill for a 50-square-meter apartment is 1,000 to 2,000 baht per month, and water costs 200 to 500 baht.

Internet costs approximately $20 per month, and cable TV costs around $10. Apartment owners in the complexes also pay for common area maintenance, ranging from 40 to 100 baht per square meter per month.

Legal requirements for foreigners

The lease agreement is drawn up in Thai, with an English version optionally included. The document must include the details of all parties involved, the property address, the rent amount, utility payment terms, the deposit amount, and its return policy.

The landlord must issue a TM.30 document within 24 hours of a foreigner’s arrival. Without this document, visa extensions may be difficult. Foreign citizens will need a valid passport, visa, and immigration card to sign the contract.

Some landlords request proof of financial solvency, such as a bank statement or proof of income. This is especially important for long-term rentals in prestigious properties. It’s important to document the apartment’s condition with photographs upon move-in to avoid disputes over the return of the deposit.

Seasonality and price fluctuations

High season lasts from November to February, when tourists and winterers flock to the coast. During this period, short-term rental prices rise and demand for accommodation peaks. Low season, from May to October, attracts digital nomads and long-term renters with discounts of up to 30%.

Property owners in tourist areas generate income from short-term rentals during the high season and switch to long-term tenants during the low season. Annual rental yields for apartments range from 5-10%, while villas yield 8-15%.

Transport accessibility between cities

The Gulf of Thailand coast is well connected by transport routes. Regular buses depart from Bangkok to Pattaya from the Mo Chit terminal, taking about two and a half hours. Hua Hin can be reached from the capital by bus in three hours or by train in four and a half hours.

There are two direct buses between Pattaya and Hua Hin, and the journey takes about five hours. An alternative option is to travel with a transfer in Bangkok, allowing you to choose a convenient departure time. Within the cities, tuk-tuks, motorbike taxis, and songthaews (minibuses) are common.

Features of the markets in three locations

Bangkok caters to the business community and expats working for international companies. Pattaya attracts a more diverse audience, from short-term tourists to retirees wintering. Hua Hin is chosen by affluent families and those seeking a quiet getaway away from the hustle and bustle.

Bangkok’s real estate market is showing steady growth, with demand outstripping supply in prime areas. Pattaya offers the most affordable prices and a wide variety of properties, from budget studios to luxury beachfront apartments. Hua Hin maintains its reputation as an elite resort with a high level of security.

Of course, the choice of location depends on your goals. For career opportunities and business activities, Bangkok is ideal. Those who value affordability and a variety of entertainment should consider Pattaya. Hua Hin is ideal for a relaxed lifestyle surrounded by nature, with high-quality beaches and slightly higher prices.