IRL Q2 2023: value, change and rent increase (France)

The French rent reference index (IRL) for Q2 2023 is 140.59, +3.50% over one year. Published by INSEE, it appeared in the Journal officiel on 16 July 2023.

IRL Q2 2023140.59
Change over one year+3.50%
In the Journal officiel16 July 2023

Source: INSEE, series 001515333 (base 100 in Q4 1998).

Which leases does the IRL for Q2 2023 apply to?

  • Leases whose rent review clause names Q2, whatever year they were signed.
  • For a review dated from 16 July 2023 and before the IRL for Q2 2024 is published, expected in mid-July 2024. On the review date, you always take the latest index published for the lease's quarter.
  • Leases signed while it was the latest published index and that name no quarter: it becomes their reference index.

Example: a €700 rent reviewed with the IRL for Q2 2023

You compare the index for Q2 2023 (140.59) with the one for Q2 2022 (135.84):

700 × 140.59 ÷ 135.84 = €724.48, i.e. €24.48 more per month and €293.76 over a year. Only the rent excluding charges is reviewed.

Current rent excl. chargesReviewed rentDifference per month
€500.00€517.48+€17.48
€700.00€724.48+€24.48
€900.00€931.47+€31.47
€1,200.00€1,241.96+€41.96

For your own rent, open the rent increase calculator pre-filled with Q2 2023 and change the amount.

An index capped by the "rent shield"

The law of 16 August 2022, extended by the law of 7 July 2023, capped the yearly change of the IRL at 3.5% in mainland France for the indices from Q3 2022 to Q1 2024. The value of 140.59 already includes this cap. The cap was 2.5% in the overseas territories, and a specific rate applied in Corsica: INSEE published separate series for those areas.

The Q2 IRL, year after year

QuarterIRLChange over one yearIn the Journal officiel
Q2 2026148.37 +1.15%12 Jul 2026
Q2 2025146.68 +1.04%13 Jul 2025
Q2 2024145.17 +3.26%18 Jul 2024
Q2 2023140.59 +3.50%16 Jul 2023
Q2 2022135.84 +3.60%14 Jul 2022
Q2 2021131.12 +0.42%16 Jul 2021
Q2 2020130.57 +0.66%17 Jul 2020
Q2 2019129.72 +1.53%17 Jul 2019
Q2 2018127.77 +1.25%13 Jul 2018
Q2 2017126.19 +0.75%16 Jul 2017
Q2 2016125.25 0.00%14 Jul 2016
Q2 2015125.25 +0.08%23 Jul 2015
Q2 2014125.15 +0.57%25 Jul 2014
Q2 2013124.44 +1.20%16 Jul 2013
Q2 2012122.96 +2.20%17 Jul 2012
Q2 2011120.31 +1.73%22 Jul 2011
Q2 2010118.26 +0.57%22 Jul 2010
Q2 2009117.59 +1.31%25 Jul 2009
Q2 2008116.07 +2.38%17 Jul 2008
Q2 2007113.37 +1.24%14 Feb 2008
Q2 2006111.98 +1.73%14 Feb 2008
Q2 2005110.08 +1.66%–
Q2 2004108.28 +1.57%–
Q2 2003106.61 ––

The other quarters are in the full IRL table since 2008.

The rules to keep in mind

  • The lease must contain a rent review clause; without one, the rent stays the same during the lease.
  • The increase has to be requested: it is never backdated and is lost after one year.
  • The IRL is a cap: you can apply a smaller increase, or none.
  • Rent for a home rated F or G on the energy certificate (DPE) can no longer be increased.

The whole process, including the letter to the tenant, is in the guide to rent increases in France.

Loyski tells you as soon as the new IRL affects you.

On your lease anniversary, the new rent is worked out and the French letter to your tenant is ready. Free for one property.

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Frequently asked questions

What is the French IRL for Q2 2023?

The rent reference index (IRL) for Q2 2023 is 140.59, +3.50% over one year. It appeared in the Journal officiel on 16 July 2023 (source: INSEE).

Until when can the IRL for Q2 2023 be used?

It applies to rent reviews dated before the IRL for Q2 2024 is published, expected in mid-July 2024. The landlord then has one year after the review date to ask for the increase; after that, the increase for that year is lost.

My lease doesn't name a quarter: does this index apply?

Only if it was the latest IRL published on the day the lease was signed. In that case, Q2 remains the reference quarter for every later review.

Sources

‹ IRL Q1 2023 IRL Q3 2023 ›

This page gives general information and is no substitute for personal legal advice.

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