The Best Apartments for Rent in Makati

The financial district of Makati has one of the largest concentrations of multinational corporations in the Philippines, and remains to be a favourable destination for expats moving to the Philippines. The real estate market has responded to the rising demand for properties for rent in Makati. Most developments are located within the Central Business District, allowing convenience to professionals working in the area. With this in mind, ZipMatch has ranked the best apartments for rent in Makati according to the following criteria:

• Average rental price – an indicator of upfront and monthly payments.
• Amenity score – a measure of in-building facilities; and
• Neighborhood score, which indicates a property’s proximity to workplaces, restaurants, retail outlets, and leisure establishments. Legazpi Village, Salcedo Village, Rockwell Center, and Century City turn out to be the most desirable neighborhoods.

We have arranged the best apartments for rent in Makati from the most affordable to the most expensive, based on their average rental price. This will allow prospective tenants to look for a condo for rent in Makati that fits their budget and exceeds expectations.

I. Best Expensive Apartments for Rent in Makati

Overall:

Majority of of the top expensive condos in Makati are located in the upper-class neighborhood of Legazpi Village, which occupies the southern side of Ayala Avenue. Legazpi Village is home to the Makati Medical Center, which is considered one of the best healthcare facilities in the country, and the Asian Institute of Management, which attracts students from all over the world to its renowned graduate business programs. The luxury condos listed above range from studio-type units to three-bedroom units, and rent for a two- or three-bedroom unit ranges from Php 90,000 to Php 280,000.

Highlights:

Ayala Land (represented by Ayala Land Premier and Alveo) and Shang Properties dominate this list with four and two developments, respectively. One Roxas Triangle has a fairly reasonable rent per square meter at Php 742, but offers only three-bedroom units at an average of 305 square meters. Trump Tower, a joint development of Century Properties and the Trump Organization, has the highest rent per square meter at Php 1,558and promises luxuriously-appointed units that are the hallmark of the Trump brand.

Lowlights:

Senta has the smallest average size for two-bedroom units among the best expensive condos in Makati at 83 square meters.

Review:

“Among the best expensive condos in Makati, I would recommend One Roxas Triangle. It’s generous living space, impressive lobby, lifts, concierge. Residents can enjoy privacy and exclusivity, being located in a secluded street but still within walking distance to the Central Business District. It’s the perfect home for high ranking CEOs, expats, diplomats who work in Makati.” – Lilet, Expert Professional

II. Best Mid-Range Apartments in Makati

Overall:

Four of the condominiums in the list are located in Legazpi Village and two are in Salcedo Village, which reflects their target market of expats working in the Makati CBD. The list is dominated by Megaworld (Greenbelt Madison, Greenbelt Hamilton, Two Central) and Alveo (The Columns Ayala Avenue, The Lerato Tower). The average rent for a one-bedroom unit is between PhP 40,000 to PhP 55,000, with rental rates per square meter comparable to some of the more expensive condos in the area.

Highlights:

Mid-range condos offer some of the best amenities, with Two Central having the highest amenity score (9.6) among condos for rent in Makati. Two Central also has the largest cuts for one-bedroom units, averaging 60 square meters, while The Lerato Tower comes close with 50-square meter one-bedroom condos. The Columns at Ayala, which is actually located along Gil Puyat Avenue, offers generously-sized units with a relatively low rental rate per square meter of Php 821. For those looking to maximize square footage, Eton Residences offers loft-type units.

Lowlights:

From the list of the best mid-range condos in Makati, Greenbelt Madison, has the smallest cuts at an average of 37 square meters for a one-bedroom unit.

Reviews:

“The grand lobby is spacious and well lit. The units are all in great condition and have a nice ambiance. The building’s design is sophisticated and classy. Also, the building is just right across Greenbelt so retail stores, boutiques, groceries, restaurants, and entertainment centers are easily available for tenants. Being nearby Greenbelt, expect roads to be congested during peak hours.” – ZipMatch property scout

III. Best Affordable Apartments in Makati

Overall:

Unlike the two other categories, the best affordable apartments for rent in Makati are spread throughout the city, with many located some distance from the central business district. For instance, the most affordable condo listing, San Lorenzo Place, lies closer to EDSA and Magallanes Village and is favored by expats who live in Makati and take the MRT to work sites in other parts of Metro Manila. The average rental rate for one-bedroom units is between PhP 19,000 to PhP 35,000, which reflect the rent per square meter range of PhP 500 to PhP 1,000. One bedroom units in this tier range from 26sqm to 45sqm.

The developer slate for this category is a bit more diverse, with Century Properties and Antel Group of companies having two entries each. Other developers, such as SMDC, Federal Land, Alveo, and Empire East, also make appearances in the list.

Highlights:

Grand Tower, by Panorama Development Corporation, offers 44-square meter one-bedroom units for as low as PhP484. Old Makati condominiums usually offer generous spaces with affordable prices per square meter. Given this, expect the building amenities not to be as top-notch as the newer developments in Makati like San Lorenzo Place, which has the best facilities in its price category, scoring at 9.1.

Lowlights:

San Lorenzo Place and Jazz Residences have relatively small one-bedroom units at 26 and 27 square meters, respectively; Antel Spa Suites follows suit, with 30-square meter units at a somewhat expensive rate of Php 1,000 per square meter.

Review:

“We’ll soon be moving in this property, I found this property good specifically in location, though this area is a flood zone, the MRT station that they are building will be an ease to go around. If I wanted to the malls I could access the MRT, if going to the banks a 5min walk. Very close to school and church, and I am expecting a lot of road noise.” Toti, homeowner

Disclaimer: Note that these rankings change periodically. The top developer rankings mentioned in this article are results from data gathered in the third quarter of 2017. See realtime rankings at www.zipmatch.com/rankings.