According to Daft.ie figures, rent across the county has increased by 11.5% in the last year, while prices in Waterford City have went up by 5.5%.
Local Labour councillor, John Pratt has expressed concern at the statistics.
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"After more than three years, it is clear that this Government has failed the people of Waterford once again in managing the rental crisis and providing enough homes for families," Cllr Pratt said.
"Before rents increase even further, I am calling on the Government to freeze rents across the country and to introduce maximum rents on a regional basis until enough homes have been built to tackle the housing crisis.
"Renters need a break, renters need certainty and renters need to be treated fairly.
"That is simply not happening under this Government."
(CM/JG)
