Rental costs in Kuala Lumpur very widely depending on the area that is chosen. For example, if you are about to choose a posh condo in the KLCC area or Mont Kiara, it will be around RM 2,500 to RM 4,000. Damansara and Bangsar are slightly cheaper and cost around RM 2,000 to RM 3,500.
On average, expect to pay between 1,300 and 2,000. It depends on the type of the condo, furnishings, and location.
While owning a house is important to most Malaysians, younger people rent apartments or condos. There is a wide variety of rental properties available for short and long term lease, through private owners and through rental agencies. It's not uncommon to pay more for an apartment managed by a rental agency that caters to foreigners visiting Malaysia either for business or pleasure.
Another great option is to visit websites specifically dedicated to real estate, such as propertyguru.com.my which has an English version in addition to other foreign languages.
Newspapers are not commonly useful a source for classifieds or real estate listings. Instead, make use of the classifieds sites listed above.
There are often public bulletin boards in cafes and near university buildings. Though these are generally dedicated to advertising goods, services, and events, you might find advertisements for roommates, especially in areas popular with students.
Even though the process of renting a place in Malaysia is straight forward, as a new arrival or someone searching from overseas, it is still the easiest to find a rental through an agency. Many expats use the services of a real estate agent to help them find accommodation that fits their budget and to have a hassle free experience. It's always advisable to choose an agent who is from a professional organization.
Below are popular organizations that specialize is expect rentals:
It is common in Malaysia to have a written contract signed by the renter and tenant. After deciding on an apartment, you will sign a contract that establishes the terms of the rental agreement. Most contracts are for one year but it is common to find a contract for 6 months; however these rentals cost will be much higher.
The standard procedure is to pay two months' rent as a security deposit and a one month utility deposit. Locals sometimes rent apartments without signing a contract and t, but this is not advisable for foreigners. Many people have been scammed this way. Having the terms of the agreement in writing will prevent future mishaps and confusion. Foreigners applying for a temporary stay visa must show that they have secured accommodation.
A notice of termination or notice to vacate must be given to the tenant within the period stated in the tenancy agreement before its expiration. The landlord has the right to vacant possession of the premises from the tenant without payment of any compensation.
Notice required is usually one month. The landlord or the tenant may give one calendar months' notice to terminate such tenancy. The monthly tenancy may continue for many years if it is not terminated.
Please refer to the Malaysian Bar Consul for information about the laws and complaints.
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