Affordable Apartments For Rent
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5 Hidden Gems: Exploring Affordable Apartments For Rent In Phnom Penh With IPS Cambodia

February 27, 2024

The capital city of Cambodia, Phnom Penh, is famous for its colourful, culturally rich and beautiful landscapes that make it unique. As the city has seen a sizable inflow of tourism and a lift in infrastructure, demand for affordable apartments has also increased. This bustling town of Cambodia is currently well-known for its brand-new business possibilities, making it an excellent desire for folks who need to settle here.

Whether you are a student or a family man looking to settle in the city for better work opportunities, this blog will cater to your need for affordable Orchard Road apartments with quality living space.

Fortunately, IPS Cambodia, a leading real estate agency that has served for over a decade, has curated a list of hidden gems to fulfil your demand for affordable apartments in Phnom Penh, promoting quality and luxury lifestyle with their rent and ready-to-sell property options.

Why Phnom Penh For Affordable Living?

Phnom Penh is a city that has a mix of historic cultural elements with high-rise buildings for someone looking to enjoy and relax. Let’s delve into the reasons that make Phnom Penh suitable for living.

Expanding Infrastructure

The city is currently in a phase of infrastructure growth, making it a suitable option for people to settle. The Council for the Development of Cambodia passed 268 investment projects in 2023. These overwhelming investments have significantly increased the contribution to the infrastructure boom.

Better Job Opportunities

Because of such a considerable amount of foreign investment, Phnom Penh has attracted many MNCs to set up their offices, which resulted in better job opportunities for people. Coca-Cola is a prominent example of a multinational company that has invested in Phnom Penh.

Capital City

According to Cambodia’s State Secretariat of Civil Aviation, there was an increase in air travel, with 3.4 million registered travellers in 2023. Since Phnom Penh is the Capital city,

many foreigners have to start exploring the country only from this city, making it the centre.

Vibrant Culture

The city’s dynamic art sceneries, history and rich culture add to the vibrant atmosphere, which offers its residents a surreal experience. Some of the notable tourist spots of Phnom Penh include- The Royal Palace, Tuol Sleng Genocide Museum – Formerly a high school converted into a prison, and the National Museum of Cambodia, which is home to the world’s most extensive collection of Khmer art and artefacts.

Affordable Hidden Gems- By IPS Cambodia

The bustling streets of Phnom Penh have a handful of hidden gems waiting to be discovered by savvy renters looking for both affordability and comfort. With an average cost of 467-500 $ per month for a 1BHK Apartment and 1300-1500 $ per month for a 3BHK in the city centre, you can afford the apartments, which will not break your bank balance.

Explore the apartment list, which will provide a haven for budget-conscious individuals without sacrificing modern amenities or accessibility of transportation hubs, markets, cafes, etc.

Let’s see what IPS Cambodia has to offer-

2 Bedroom Apartment – Toul Tum Poung 1

This area is commonly known as TTP or the Russian Market. This is a famous marketplace where you can buy local crafts, souvenirs, clothing, jewellery, homeware, etc.

This area also offers eclectic nightlife with lively bars, cafes and many restaurants.

  • This is located in the heart of Toul Tum Poung, a vibrant district.
  • This 2 BHK apartment offers charm and comfort. Bustling markets and cute cafes surround it.
  • It is suitable for urban living as it has all the modern amenities like a double-door refrigerator, large beds and a sofa.

50 Sqm Studio Apartment For Rent – Toul Tum Poung 1

  • This 50 sqm studio apartment is suitable for one person.
  • It offers a cosy urban treat.
  • It has all the modern amenities and a convenient location near local markets and cafes, providing a comfortable living space for city dwellers.

2 Bedroom Serviced Apartment For Rent – Beoung Raing

  • This 2 BHK Serviced apartment is based out in Beoung Raing.
  • It comes with a balcony space and fully furnished rooms. This apartment is just a few minutes away from The Royal Palace.
  • It provides 24-hour security and power supply. The building has a kid’s garden and rooftop pool and comes with in-house parking as well.

1 Bedroom Condo For Rent – Embassy Central, BKK1, Phnom Penh

  • This condo is situated in the prestigious embassy’s central residence in BKK.
  • It is the epitome of luxurious urban living on the 16th floor.
  • It has amenities like- access to the building’s elevator, reception/concierge services gym, elevator, generator, WIFI and cable TV connection, and parking space.

2 Bedroom Serviced Apartment For Rent – BKK1, Phnom Penh

  • This contemporary apartment has three bathrooms and two generously sized rooms, epitomising modern and luxurious urban living.
  • It is located on the 10th floor of the building and comes with all modern amenities like- a swimming pool, sauna, gym, modern kitchen and balcony.
  • This fully furnished flat is located in BKK1.


Phnom Penh is the perfect city for people looking for jobs and students and expats looking for better opportunities. The city has a lot to offer, and in this bustling city life, you can also have access to beautiful, affordable apartments that can be rented. This town has something for everybody, making it the primary choice for many people to invest money in or start a profession.

The curated selection of affordable apartments IPS Cambodia presents perfectly matches every lifestyle and budget. Embark on this journey to discover your ideal living space amidst the diverse and dynamic landscape of Phnom Penh’s rental market.

With the expertise and guidance of IPS Cambodia agents, you can get a great deal and access to locations that still need to be added to the market! With personalised assistance, tenants can easily understand the rental process and start a new life here.

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