Rent & Property Prices in Penang
The average price of rent for a one-bedroom apartment in Penang, Malaysia is $422. We track 6 items in this category — see the full breakdown below.
All prices in USD; switch currency above the table.
On this page 4 sections
| Section | Description |
|---|---|
| Rent & Property Prices in Penang: price table | 6 items with median prices and high–low ranges. |
| Compare to similar cities | Cities with comparable cost tier and region. |
| Other categories in Penang | Jump to housing, food, transport, utilities, and more. |
| Housing FAQs for Penang | Common questions about pricing, units, and refresh cadence. |
Rent & Property Prices in Penang
Apartment rent and property purchase price per square meter.
| Item | Median | Range (low–high) |
|---|---|---|
| 1 Bedroom Apartment in City Centre | $422 | $255 – $520 |
| 1 Bedroom Apartment Outside of City Centre | $243 | $140 – $332 |
| 3 Bedroom Apartment in City Centre | $595 | $383 – $910 |
| 3 Bedroom Apartment Outside of City Centre | $492 | $306 – $765 |
| Price per Square Meter to Buy Apartment in City Centre | $2,329 | $1,344 – $2,745 |
| Price per Square Meter to Buy Apartment Outside of Centre | $1,206 | $816 – $1,913 |
- 1 Bedroom Apartment in City Centre $422$255 – $520
- 1 Bedroom Apartment Outside of City Centre $243$140 – $332
- 3 Bedroom Apartment in City Centre $595$383 – $910
- 3 Bedroom Apartment Outside of City Centre $492$306 – $765
- Price per Square Meter to Buy Apartment in City Centre $2,329$1,344 – $2,745
- Price per Square Meter to Buy Apartment Outside of Centre $1,206$816 – $1,913
Other categories in Penang
Housing in Penang: FAQs
- How much does housing cost in Penang?
- The average price of rent for a one-bedroom apartment in Penang, Malaysia is around $422. See the table above for the full breakdown across 6 items.
- Are these housing prices in USD?
- Yes — every price on this page is normalized to US Dollars. Use the currency switcher above the table to convert to your local currency.
- How current is the housing data for Penang?
- Prices were last refreshed on May 11, 2026. We refresh from public price databases on a scheduled cadence.
- What's not included on this page?
- This page focuses on housing. For an end-to-end monthly budget — rent + food + utilities + transit — see the Penang main cost-of-living page.