AUS
NZ
UK
CA
USA
FRA
GER
ESP
ITA
NLD
PRT
SWE
GRC
IND
POL
BRA
ZAF
RUS
CHN
UAE
Highlights
- Cost of renting is one of the biggest expenses for anyone seeking a house to live in.
- The cost varies from city to city.
- So, one has to carefully choose a place for living, keeping in mind his total wage.
The cost of renting an apartment accounts for a major chunk of the overall expense that one has to bear for living in a city. High rent costs automatically make a city expensive to stay. So, one has to carefully choose a place for living, keeping in mind one’s total wage. The cost of renting a flat varies from city to city across the world. On this note, here we discuss five costliest cities worldwide to rent an apartment:
Frankfurt (Germany)
One of the largest cities in Germany, Frankfurt is home to over 700,000 people. The city enjoys a central position in Europe, which makes it one of the best places to live in the region. Frankfurt also has the largest number of direct flights to any airport globally. According to different cost-of-living databases available, the cost of living (excluding rent) in this German city stands at approximately US$1,000 per month. The average rent of one bedroom is over US$1,100 per month.
Oslo (Norway)
Oslo has comparatively higher demand for rental properties compared to its Scandinavian neighbours. The cost of living in the city may be high; however, it provides higher general wages as well, making it affordable to dwell in the city. The city also enjoys lower healthcare costs. The cost of living (excluding rent) in the city stands at approximately US$1,300 per month. The average rent of one bedroom is over US$1,500 per month.
Shanghai (China)
Shanghai is the largest city in China, and one of the largest metropolitan areas in the world. The city is often regarded as the centre of finance and trade in mainland China. Shanghai may be one of the expensive cities to rent an apartment, it still is very much affordable compared to others on the list. The cost of living (excluding rent) in the city stands at over US$700 per month. The average rent of one bedroom is approximately US$1,400 per month.
Dubai (United Arab Emirates)
When it comes to the Middle East, Dubai is the most expensive city to rent an apartment. It is preferred by corporations and multinationals trying to increase their work and presence in the Middle East. The city is known for its luxurious lifestyle and is home to Burj Khalifa, the tallest building in the world. The cost of living (excluding rent) in the city stands at over US$900 per month. The average rent of one bedroom is over US$1,500 per month.
London (United Kingdom)
London regularly gets featured on the list of most expensive cities globally. It is known for having incredibly high rent prices. London is very diverse and has over nine million inhabitants spread across the length and breadth of the city. While some places have apartments that cost around US$1,000 per month, the other high-end areas may cost even more. The cost of living (excluding rent) in the city stands at over US$1,100 per month. The average rent of one bedroom is over US$1,000 per month.
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