Airbnb prices in Galway rose 10% over the past year to an average of €116 per night.
A report in the Irish Independent shows the highest average nightly rates are in Dublin at €143, followed by Galway in second place.
Despite the housing crisis, the number of homes advertised for short-term letting by Airbnb has risen by more than 1,000 across the country.
The figures show 5,855 entire homes were available for hire in Galway, Dublin, Cork, Limerick and Waterford - a rise of 20% since this time last year.
The figures are published ahead of a Government clampdown on short-term lettings, which are due to take effect from next June.
Under the new regime, homeowners will only be allowed to let their properties for no more than 14 days at a time, and no more than 90 days per year.
For short-term lets above 90 days, planning permission will be required to allow the property be used on a commercial basis.
And in areas with a high demand for housing, including the main cities, local authorities will be allowed to refuse planning permission.