HDB resale prices fell 0.1% in Q3 2026, marking their third consecutive quarterly decline. In the rental market, the number of approved applications to rent out HDB flats also fell from the previous quarter.
According to HDB statistics, there were 9,381 rental approvals in Q3 2026, down 6.2% from 10,002 in Q2 2026 and 7.3% from 10,123 in Q3 2025.
Rental rates remained high in some estates, with median monthly rents for 4- and 5-room flats in Queenstown reaching $4,300 and $4,500 respectively in Q3 2026.
Median Rent Of HDB Flats In Q3 2026
| Town | 3-Room | 4-Room | 5-Room |
| Ang Mo Kio | $2,800 | $3,400 | $3,800 |
| Bedok | $2,800 | $3,400 | $3,700 |
| Bishan | $3,000 | $3,700 | $4,100 |
| Bukit Batok | $2,730 | $3,400 | $3,700 |
| Bukit Merah | $3,000 | $4,000 | $4,500 |
| Bukit Panjang | $2,700 | $3,000 | $3,300 |
| Bukit Timah | * | * | * |
| Central Area | $3,300 | $4,800 | * |
| Choa Chu Kang | $2,700 | $3,100 | $3,300 |
| Clementi | $3,100 | $4,100 | $4,200 |
| Geylang | $2,900 | $3,800 | * |
| Hougang | $2,700 | $3,230 | $3,430 |
| Jurong East | $2,850 | $3,500 | $3,900 |
| Jurong West | $2,700 | $3,600 | $3,900 |
| Kallang/Whampoa | $3,000 | $3,800 | $4,000 |
| Marine Parade | $3,000 | $3,500 | * |
| Pasir Ris | * | $3,400 | $3,600 |
| Punggol | $2,900 | $3,250 | $3,300 |
| Queenstown | $3,100 | $4,300 | $4,500 |
| Sembawang | * | $3,200 | $3,300 |
| Sengkang | $2,880 | $3,200 | $3,300 |
| Serangoon | $2,800 | $3,500 | $3,800 |
| Tampines | $2,900 | $3,500 | $3,800 |
| Toa Payoh | $3,000 | $3,850 | $4,000 |
| Woodlands | $2,600 | $3,100 | $3,400 |
| Yishun | $2,700 | $3,100 | $3,380 |
Source: HDB
These are monthly rents for whole flats, based on rents self-declared in approved rental applications, rather than room rents or advertised asking prices. The median means half the flats were rented above that amount and half below.
An asterisk (*) indicates fewer than 20 rental transactions in that quarter for the town and flat type. HDB does not publish these medians as they may not be representative; this does not mean there are no flats available.
Read Also: What Landlords Need To Know Before Renting Out Their HDB Flat or Bedroom In Singapore
A comparison of median rents from Q1 to Q3 2026 shows how rents have changed over three consecutive quarters. The cheapest and most expensive estates below are ranked by their published Q3 2026 medians, including ties.
Cheapest Estate To Rent A 3-Room HDB Flat
| Town | Q1 2026 | Q2 2026 | Q3 2026 |
| Woodlands | $2,500 | $2,600 | $2,600 |
| Bukit Panjang | $2,600 | $2,600 | $2,700 |
| Choa Chu Kang | * | $2,500 | $2,700 |
| Hougang | $2,700 | $2,800 | $2,700 |
| Jurong West | $2,700 | $2,700 | $2,700 |
| Yishun | $2,700 | $2,700 | $2,700 |
Woodlands had the lowest published median rent for 3-room flats in Q3 2026, at $2,600. Bukit Panjang, Choa Chu Kang, Hougang, Jurong West and Yishun were tied at $2,700.
Most Expensive Estate To Rent A 3-Room HDB Flat
| Town | Q1 2026 | Q2 2026 | Q3 2026 |
| Central Area | $3,200 | $3,300 | $3,300 |
| Clementi | $3,000 | $3,000 | $3,100 |
| Queenstown | $3,000 | $3,100 | $3,100 |
Central Area had the highest published median rent for 3-room flats at $3,300. Clementi and Queenstown followed at $3,100 each.
Cheapest Estate To Rent A 4-Room HDB Flat
| Town | Q1 2026 | Q2 2026 | Q3 2026 |
| Bukit Panjang | $3,000 | $3,000 | $3,000 |
| Choa Chu Kang | $3,100 | $3,000 | $3,100 |
| Woodlands | $3,100 | $3,100 | $3,100 |
| Yishun | $3,100 | $3,100 | $3,100 |
Bukit Panjang was the cheapest estate to rent a 4-room flat in Q3 2026, at a median of $3,000 a month. Choa Chu Kang, Woodlands and Yishun followed at $3,100 each.
Most Expensive Estate To Rent A 4-Room HDB Flat
| Town | Q1 2026 | Q2 2026 | Q3 2026 |
| Central Area | $4,200 | $4,600 | $4,800 |
| Queenstown | $4,150 | $4,130 | $4,300 |
| Clementi | $3,900 | $3,900 | $4,100 |
4-room flats in Central Area had the highest published median rent at $4,800. Outside Central Area, Queenstown and Clementi also exceeded $4,000, at $4,300 and $4,100 respectively.
Read Also: What Happens When Landlords Do Not Set Clear Boundaries With Tenants
Cheapest Estate To Rent A 5-Room HDB Flat
| Town | Q1 2026 | Q2 2026 | Q3 2026 |
| Bukit Panjang | $3,250 | $3,300 | $3,300 |
| Choa Chu Kang | $3,300 | $3,200 | $3,300 |
| Punggol | $3,300 | $3,300 | $3,300 |
| Sembawang | $3,230 | $3,300 | $3,300 |
| Sengkang | $3,300 | $3,300 | $3,300 |
Bukit Panjang, Choa Chu Kang, Punggol, Sembawang and Sengkang were tied for the lowest published median rent for 5-room flats in Q3 2026, at $3,300 a month.
Most Expensive Estate To Rent A 5-Room HDB Flat
| Town | Q1 2026 | Q2 2026 | Q3 2026 |
| Bukit Merah | $4,200 | $4,300 | $4,500 |
| Queenstown | $4,400 | $4,400 | $4,500 |
| Clementi | $4,100 | $4,350 | $4,200 |
Bukit Merah and Queenstown had the highest published median rents for 5-room flats at $4,500, followed by Clementi at $4,200. Central Area is excluded from this ranking because HDB did not publish a 5-room median for Q3 2026, as there were fewer than 20 transactions.
Read Also: 3 Rental Property Expenses You Can Claim Against Your Rental Income
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