Finding the Perfect Monthly Rental in Vietnam | Introducing The Sentry L

Vietnam is quickly becoming a popular destination for expats, digital nomads, and business professionals looking for both short-term and long-term places to stay. With its lively cities like Ho Chi Minh City and beautiful coastal areas, Vietnam offers a variety of rental options for those interested in monthly leases.

While finding the right rental that fits your needs and budget might feel overwhelming, it’s definitely doable with the right resources. This article will help you navigate the current rental market and highlight a great option: The Sentry L.

Vietnam’s Growing Appeal for Expats and Digital Nomads

Vietnam is becoming a popular spot for expats and digital nomads, thanks to its low living costs, delicious food, and beautiful scenery. 

In fact, Vietnam ranks high on the global Personal Finance Index, with 77% of expats reporting satisfaction with their financial situation compared to a global average of 44%. Cities like Ho Chi Minh City and Hanoi are at the heart of this growth, attracting over 20,000 expats annually​.

In 2022, Vietnam saw an estimated 100,000 expats living across major cities like Ho Chi Minh City, Hanoi, and Da Nang​. This number continues to rise, partly due to the low cost of living—monthly expenses for a single person can be as low as $500-800, depending on the lifestyle.

Those cities are especially attractive because they offer great job opportunities, amenities, and lively communities for foreigners. Many expats prefer renting apartments on a monthly basis, which gives them the flexibility to avoid long-term commitments like buying property or signing lengthy leases.

For those looking for flexibility, Vietnam’s rental market offers a wide range of options. Serviced apartments and co-living spaces provide convenience, allowing digital nomads to balance work and leisure without long-term commitments​.

Understanding the Vietnam Rental Market

Renting an apartment in Vietnam is generally easy, but your experience can vary quite a bit depending on the city, the type of place you’re looking for, and what you expect. 

Popular Cities for Renting Apartments

• Ho Chi Minh City (Saigon): As Vietnam’s largest city, Ho Chi Minh City has a wide selection of apartments available for rent. You can find everything from luxury condos in District 1 and Thao Dien (District 2) to more budget-friendly options in Binh Thanh or Phu Nhuan Districts. Prices here are generally higher than in other cities, with monthly rents ranging from about $400 to over $2,000, depending on the area, size, and amenities.
• Hanoi: The capital city blends old-world charm with modern living. In neighborhoods like Hoan Kiem, Ba Dinh, and Tay Ho, you can choose from a variety of apartments, including French colonial-style buildings and sleek new developments. Monthly rents in Hanoi typically range from $300 to $1,500, with pricier options in upscale areas like Tay Ho and Ba Dinh.

• Da Nang: Known for its beautiful beaches and laid-back lifestyle, Da Nang is becoming an increasingly popular destination for expats. The rental prices here are generally lower than in Ho Chi Minh City and Hanoi, with decent apartments available for as little as $300 to $800 per month, depending on proximity to the beach and city center.
• Nha Trang and Hoi An: Both are coastal cities offering a more tranquil lifestyle. Nha Trang is known for its beach resorts and is slightly more expensive, while Hoi An offers a peaceful, small-town atmosphere with rents starting as low as $250 per month.

Types of Apartments Available

• Serviced Apartments: Ideal for those seeking convenience, serviced apartments come fully furnished with utilities included. These are particularly popular in cities like Ho Chi Minh City and Hanoi, where you can find options ranging from modest studios to luxury penthouses. Prices typically start at around $600 per month and can go up to several thousand dollars for high-end options.
• Studio Apartments: A common choice for solo expats and digital nomads, studio apartments are available in all major cities. They offer the essentials and are budget-friendly, with prices ranging from $250 to $800 depending on the city and location.
• Multi-Bedroom Apartments: Perfect for families or groups, these apartments usually come with two to four bedrooms. They are available in both modern and traditional styles, with prices varying widely based on size, location, and amenities. For instance, a two-bedroom apartment in Hanoi’s Hoan Kiem District might cost around $850 to $2,500 per month.
• Luxury Condos: For those seeking the best in comfort and style, luxury condos are available in premium locations across Vietnam. These come with top-tier amenities like pools, gyms, and 24/7 security. Expect to pay upwards of $1,500 per month, with some exclusive properties in Ho Chi Minh City and Hanoi commanding even higher rents.

Considerations When Renting an Apartment

• Monthly Rent: Depending on the city and type of accommodation, monthly rents can range from $300 for a basic studio to $3,000 for a luxury apartment. Utilities, including electricity, water, and internet, typically add an extra $50 to $100 to your monthly expenses.
• Location: This is perhaps the most important consideration. Cities like Ho Chi Minh City are vast and have different districts that cater to different lifestyles. District 1 and District 2 are known for their lively atmosphere and convenience, but they come with a higher price tag. Meanwhile, areas like Phu Nhuan and Binh Thanh offer a more local vibe with lower rents​.
• Amenities: Modern apartment buildings in cities like Ho Chi Minh often come equipped with pools, gyms, and 24/7 security, but these perks can raise the rental price. For more budget-conscious renters, serviced apartments without these amenities may provide a more affordable option​.

• Furnishings: Many rentals in Vietnam come fully furnished, which is a major convenience for expats and short-term renters. However, the quality and style of furnishings can vary greatly, so it’s important to view the apartment in person if possible, or at least see detailed photos before committing​ .
• Lease Terms: Monthly rentals are ideal for those who want flexibility, but be sure to clarify the lease terms before signing. Some landlords may require a minimum stay of three months, while others may be open to shorter-term arrangements​.
• Location: Traffic can be challenging in Vietnam, especially in major cities like Ho Chi Minh City and Hanoi. Consider your daily commute and proximity to essential services like grocery stores, healthcare facilities, and schools.
• Safety: Vietnam is generally safe, but it’s always a good idea to choose an apartment in a well-lit, secure area. Many expats prefer to rent in gated communities or buildings with 24-hour security.

The Rise of Coliving and Coworking in Vietnam

In recent years, coliving and coworking spaces have seen substantial growth in Vietnam, driven by an increase in remote workers, freelancers, and digital nomads seeking flexible and affordable living options. 

The coworking sector in Vietnam has expanded by 200% year on year, with cities like Ho Chi Minh City, Hanoi, and Da Nang leading the way. These spaces are particularly popular among startups, freelancers, and small businesses looking to reduce operational costs while fostering a collaborative environment.

Coliving, although relatively new to the market, is quickly gaining traction due to the rising costs of real estate in urban areas. It offers a cost-effective alternative, with fully furnished rooms and shared communal spaces. The concept appeals to young professionals who prioritize community and flexibility over property ownership. 

In 2024, coliving spaces across Vietnam continue to cater to a growing demographic of digital nomads, with the integration of modern amenities such as high-speed internet, meeting rooms, and wellness activities becoming the norm.

These shared living and working spaces are not only affordable but also foster a sense of community, making them ideal for those looking to build connections while navigating the challenges of a new city.

Introducing The Sentry L: The Best of Both Worlds

In the heart of Ho Chi Minh City, The Sentry L is a premium coliving space that offers a unique living experience tailored for digital nomads and modern travelers. 

Located near The Sentry C, a premium coworking space just a 2-minute walk away, residents of The Sentry L can easily access professional work environments while enjoying the comforts of home. This proximity enhances the living experience, allowing for a seamless balance between work and leisure.

Fully Furnished Apartments for a Hassle-Free Stay

Finding a fully furnished apartment in Vietnam can be a time-consuming and stressful process, but not at The Sentry L. Each apartment is meticulously designed with the comfort and convenience of residents in mind, featuring a cozy bedroom and a fully equipped kitchenette.

This setup allows residents to cook their own meals, relax, and entertain guests, providing a true home-away-from-home experience.

The Sentry L also offers a range of amenities to make your stay even more enjoyable, including:

• Complimentary Wi-Fi throughout the property
• Cleaning service provided every 3 days
• Concierge and daily cleaning available upon request
• Complimentary coffee, tea, and water

One of the standout features of The Sentry L is its stunning rooftop, which serves as a vibrant gathering space for residents. Whether you’re hosting a casual get-together or enjoying a sunset with friends, the rooftop enhances your living experience. 

By offering all-inclusive pricing and the ability to cook your own meals, The Sentry L helps residents save on dining out while making the most of their monthly rental budget.

A Vibrant Community of Creatives and Entrepreneurs

One of the biggest advantages of choosing a coliving space like The Sentry L is the opportunity to be part of a vibrant community of like-minded individuals. The Sentry L attracts a diverse mix of digital nomads, remote workers, and entrepreneurs from around the world, creating a rich tapestry of cultures and experiences.

The property’s location near commercial districts, coworking spaces, and transport hubs makes it easy for residents to connect with others and explore the city. Networking opportunities through coworking spaces and local events can lead to collaborations and partnerships, enriching both your personal and professional journey.

Coworking Spaces for Maximum Productivity

In addition to its comfortable apartments, The Sentry also offers a range of coworking spaces designed to boost productivity and creativity. Whether you’re a freelancer, startup founder, or remote employee, you’ll find a workspace that suits your needs.

The coworking spaces at The Sentry L feature:

• High-speed internet
• Private meeting rooms
• Comfortable seating areas
• Printing and copying facilities
• Complimentary tea and coffee

By providing a professional and distraction-free environment, The Sentry L helps residents stay focused and motivated, even when working remotely.

Affordable Luxury in the Heart of Ho Chi Minh City

One of the biggest advantages of choosing The Sentry L for your monthly rental in Vietnam is the value it offers. While the property boasts hotel-like amenities and a prime location, its pricing remains competitive, making it an attractive option for those on a budget.

Booking a longer stay at The Sentry L often comes with discounted rates, making it a cost-effective choice if you plan to settle in for a while. Additionally, the ability to cook your own meals in a fully equipped kitchen can help residents save on dining out, further stretching their monthly rental budget.

Your Home Away from Home in Vietnam

Whether you’re a digital nomad, remote worker, or entrepreneur looking for a monthly rental in Vietnam, The Sentry L offers a unique blend of comfort, convenience, and community. 

With its prime location, fully furnished apartments, and vibrant coworking spaces, The Sentry L provides the perfect base for exploring Vietnam and pursuing your professional goals.

So why wait? Start your adventure in Vietnam today by booking your stay at The Sentry L.