How to Rent Out an Apartment in Phu Quoc, Vietnam: Pricing, Demand, and Tenant Strategy

Phu Quoc’s tourism sector is experiencing a significant upswing, with visitor numbers and revenue climbing year-on-year. The island is actively developing its leisure, entertainment, and resort offerings, attracting substantial domestic and international investment. This boom presents a prime opportunity for apartment owners looking to capitalize on the rental market.

However, the surge in tourism isn’t without its complexities. While demand is high, there are concerns about an oversupply in the resort real estate sector, with many units remaining vacant. Understanding these nuances is crucial for successful property operation.

TL;DR: Phu Quoc’s tourism is booming, with a 49% rise in international tourist accommodation searches in 2025². Average apartment rents range from $81 in Duong Dong to $427 in Cua Can, with an island average of $239⁸. Popular rental neighborhoods include Duong To and Duong Dong⁸. Key amenities renters seek are pools, balconies, and kitchens⁸. Challenges for operators include seasonal demand and infrastructure limitations⁸.

Market Snapshot

Phu Quoc is rapidly solidifying its position as a premier luxury resort destination in Southeast Asia. The island’s tourism sector is not just growing; it’s soaring, with record-breaking revenues and a significant increase in visitor numbers. This development is attracting considerable investment, both local and international, aimed at enhancing the island’s leisure, entertainment, and accommodation offerings.

Despite the optimistic outlook, a word of caution is warranted. There are emerging concerns about a potential oversupply within the resort real estate market, leading to vacant units in some areas. Property operators must navigate this dynamic to ensure their investments remain profitable.

Who Rents This Property Type Here?

The rental market in Phu Quoc is overwhelmingly dominated by international visitors. Data indicates that a staggering 98% of Airbnb guests hail from abroad, with top origins including Germany, the United States, and South Korea⁸. This demographic profile suggests a strong demand for serviced apartments and properties that offer a comfortable, home-like experience.

Within this international segment, couples and solo travelers represent a significant portion of renters, as listings accommodating two guests are most common. However, there’s also a notable market for larger groups and families, with properties designed for eight or more guests also being prevalent⁸. Expats, often seeking a more relaxed lifestyle and lower living costs, tend to favor Duong Dong, the island’s commercial center⁸.

Pricing and Demand

Average apartment prices in Phu Quoc exhibit considerable variation across different locales. Cua Can stands out as the most expensive area, with average apartment prices reaching approximately $427, while Duong Dong offers more affordable options at around $81. The overall island average for apartment rent hovers near $239⁸.

Demand for accommodation is robust, particularly driven by international tourists. Searches for accommodation from this segment saw a remarkable 49% increase year-on-year in 2025². During peak seasons, occupancy rates in 5-star hotels are projected to reach 85%, with some reporting over 90% in December and January¹. However, high airfares can deter domestic travelers, potentially impacting occupancy outside of peak periods⁸.

Best Neighborhoods

What matters in practice: In Phu Quoc, Vietnam, Duong To and An Thoi do not attract the same renter. The listings that get viewings fastest make that fit obvious from the first photos and the opening lines.

Duong To is a prime location for rentals, boasting a high concentration of apartments and villas, with average apartment prices around $278⁸. An Thoi is another developing area with a significant number of rental properties, including apartments and houses, making it a noteworthy option for operators.

Duong Dong, the island’s commercial hub, offers a substantial number of apartments at a lower average price, appealing to expats and those seeking convenience⁸. Cua Can, while the most expensive for apartments, indicates potential for higher-yield luxury rentals⁸. Sunset Town, a newer development, might offer competitive pricing due to fewer established occupants, attracting visitors with its entertainment options⁸.

Listing Strategy

Focus on properties that offer highly sought-after amenities such as swimming pools, private balconies, and fully-equipped kitchens. These features are consistently ranked as top priorities by renters⁸. Highlighting proximity to popular beaches, vibrant night markets, and entertainment hubs like Sunset Town will also significantly boost appeal for both tourists and longer-term renters.

Consider offering flexible rental terms. This includes options for short-term stays, which are popular with tourists, and potential discounts for longer leases to attract a more stable tenant base. Given that the majority of renters are international, catering to their language preferences, particularly English and German, is essential. Emphasize the “home away from home” aspect of serviced apartments, appealing to those who value space, privacy, and flexibility in their accommodation choices⁸.

Operations and Screening

Be prepared for seasonal fluctuations in demand. Occupancy rates typically peak during the dry season, from November to April, and tend to dip during the rainy season. Marketing strategies should account for this, perhaps by offering incentives during off-peak times or focusing on markets less affected by seasonal travel patterns.

Infrastructure limitations in certain areas can impact property desirability and require proactive management. Furthermore, the property management landscape is still developing, with a limited number of dedicated rental property agents. This means operators may need to rely more on their own networking and resourcefulness. Addressing local environmental concerns, such as trash management in natural areas, and ensuring a diverse range of activities are available beyond mass tourism will also contribute to a positive guest experience⁷.

Local Pitfalls

High airfares can significantly impact domestic tourism, potentially leading to lower occupancy rates for properties that rely heavily on local visitors, especially outside of peak seasons. Operators should be mindful of this factor when setting pricing and marketing strategies.

While the island is developing, infrastructure can be inconsistent across different areas. Some locations may suffer from limitations that affect the overall appeal and accessibility of properties. This necessitates careful due diligence when selecting investment locations and managing guest expectations regarding local amenities and transport.

Frequently Asked Questions

What is the average rent for an apartment in Phu Quoc? Average apartment prices vary considerably by location. In Duong Dong, rents are around $81, while in Cua Can, they can reach $427. The overall island average for apartment rent is approximately $239⁸.

What are the most popular neighborhoods for rentals in Phu Quoc? Popular neighborhoods include Duong To, An Thoi, Duong Dong, and Cua Duong. Duong To and Duong Dong have a high number of available properties and are frequently sought after by renters⁸.

What amenities are most attractive to renters in Phu Quoc? Renters highly value amenities such as swimming pools, balconies, and kitchens. Proximity to beaches and local attractions is also a significant draw⁸.

Why Hausive Fits This Workflow

If you are managing apartment units in Phu Quoc, Vietnam, Hausive is the property management software that keeps leasing, rent collection, maintenance, and owner reporting in one place. It is a better fit when you want faster follow-up, cleaner records, and less day-to-day thrash as listings, tenants, and owners all need answers at once.