Singapore’s rental market offers a wide range of accommodation options, but for many professionals, relocating families, or corporate travellers, a 2-bedroom serviced apartment strikes the right balance between comfort and convenience. These units come fully furnished and include essential services like housekeeping, utilities, and internet access. But since it’s more expensive up front than a private flat, you must have a well-defined budget before committing.
Discover the key pricing elements, from rent tiers to hidden fees, for a 2-bedroom serviced apartment in Singapore, helping you plan effectively and avoid overspending.
Monthly Rental Range
The rental price for a 2-bedroom serviced apartment typically starts from SGD 4,500 and can exceed SGD 10,000 per month, depending on the location, size, and included services. Properties in central areas such as Orchard, River Valley, or Marina Bay tend to command higher prices, while those in suburban districts like Novena or Queenstown may be more affordable.
Compared to a private apartment, serviced options have higher base rates but often include additional value such as utilities and weekly cleaning.
Once budgeting, it’s essential to clarify whether the quoted rent is all-inclusive or if it excludes services like internet, air conditioning, or access to gym facilities.
Short-Term vs Long-Term Rates
Many serviced apartments offer tiered pricing based on the length of stay. A stay under three months is often charged at a premium rate, while longer stays (six months or more) benefit from negotiated monthly discounts.
This tiered structure contrasts with private apartments, which typically require a minimum 12-month lease and a two-month security deposit.
Budgeting for a serviced apartment can be more cost-efficient overall if your stay is under six months, especially since it removes the need for buying furniture, paying agent fees, or committing to long contracts.
Deposits, Taxes, and Other Upfront Fees
You will usually be asked for a one-month deposit when leasing a 2-bedroom serviced apartment, which is refundable upon checkout unless there are damages or unpaid bills. Additionally, service apartments are subject to the 8% Goods and Services Tax (GST), which is not always clearly stated in listed rates. This rate, for a SGD 6,000 monthly apartment, means an extra SGD 480 per month. It’s also common for providers to require an advance rental payment for the first month.
Unlike leasing a private apartment in Singapore, where legal stamp duties and agent commissions may be involved, most serviced apartment agreements are simpler and less bureaucratic.
Utility and Maintenance Costs
Serviced apartments usually include utilities such as electricity, water, gas, air conditioning, cable TV, and Wi-Fi. However, not all providers offer unlimited usage. Some impose monthly usage caps, especially for electricity and water, and overages may be billed at commercial rates. Request a breakdown of utility terms before signing the agreement for budgeting accuracy.
In contrast, with a private apartment, tenants are responsible for registering with utility providers, making monthly payments, and arranging for repairs or replacements, all of which can make expenses more unpredictable.
Comparing Value for Serviced vs Private Apartments
Although a 2-bedroom serviced apartment may seem more expensive per month, the overall cost can be more manageable when factoring in savings from included services. Housekeeping, security, concierge, and in-unit appliances mean less out-of-pocket spending.
On the other hand, a private apartment offers better value for long-term residents willing to furnish and manage utilities independently.
Serviced apartments offer predictable budgeting and less administrative overhead, which justifies the higher cost for companies relocating staff.
Conclusion
Comparing monthly rent is only one aspect of budgeting for a 2-bedroom serviced apartment in Singapore. You need to account for deposits, GST, included amenities, and length of stay. While private apartments are more common among long-term residents, serviced options offer flexibility, fewer hidden fees, and convenience that justify the premium. The key is to evaluate your priorities, whether it’s flexibility, comfort, or long-term savings, and match them with the right accommodation structure.
Visit Aurealis Serviced Residence and start your smart stay today.
