Adelaide?s residential rental market has eased a little, but vacancies remain well under 2%. The Real Estate Institute of South Australia says the vacancy rate was 1.67% in January.

But the REISA says tenants are refusing to pay the high rents being asked by some landlords. It says most of the vacant properties are asking more than $350 per week, but properties with cheaper rents are often attracting 10 or more applications from tenants.

The inner-city precinct is the only one of the six main areas of the Adelaide market with a vacancy rate above 2%. The western suburbs are at 0.8%, the south is a fraction over 1% and the Adelaide Hills has a vacancy rate of 1.5%.