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What renting a one-bedroom apartment in 30 popular cities really costs

Chloe Pantazi
Thursday 16 March 2017 14:09 GMT
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(Getty)

The INSIDER Summary:

  • A new report shows how much it costs to rent a one-bedroom apartment in the world's 30 leading financial centers.
  • Of those 30 cities, Casablanca is the cheapest place to rent, with the average cost being $820/month.
  • New York City is the most expensive, with the average rent priced at $3,680/month.

Millennials so badly want to live in cities that some have resorted to living in vans, shipping containers, and even a crate in someone else's living room to save money on rent.

A new report from RENTCafé showing the cost of rent for a one-bedroom apartment in the world's 30 leading financial centers proves just how expensive living in a big city can be.

Analysts at the apartment-listing site sifted through global housing market data to find the average monthly rent for a one-bedroom abode, measuring between 600 and 999 square feet.

Here are their findings, ranked from the least to most expensive.

30. Casablanca, Morocco

Port of call: the city spreads out from the Atlantic (Alamy)

Average cost of rent: $820/month

29. Montreal, Canada

Average cost of rent: $850/month

28. Taipei, Taiwan

Average cost of rent: $910/month

27. Munich, Germany

Average cost of rent: $1,110/month

26. Toronto, Canada

(Getty Images/iStockphoto) (Getty)

Average cost of rent: $1,200/month

25. Frankfurt, Germany

Average cost of rent: $1,350/month

24. Vancouver, Canada

Average cost of rent: $1,400/month

23. Osaka, Japan

(Getty (Getty)

Average cost of rent: $1,440/month

22. Shenzhen, China

Average cost of rent: $1,520/month

21. Luxembourg, Luxembourg

Average cost of rent: $1,530/month

20. London, UK

Average cost of rent: $1,650/month

19. Cayman Islands

Average cost of rent: $1,680/month

18. Melbourne, Australia

(

Average cost of rent: $1,690/month

17. Chicago, IL

Average cost of rent: $1,720/month

16. Paris, France

Average cost of rent: $1,730/month

15. Beijing, China

Average cost of rent: $1,900/month

14. Shanghai, China

Average cost of rent: $1,910/month

13. Washington D.C.

Average cost of rent: $1,940/month

12. Seoul, South Korea

Average cost of rent: $1,990/month

11. Los Angeles, CA

Average cost of rent: $2,030/month

10. Dubai, United Arab Emirates (TIE)


 
 (Getty)

Average cost of rent: $2,040/month

10. Sydney, Australia (TIE)

Average cost of rent: $2,040/month

8. Tokyo, Japan (TIE)

Average cost of rent: $2,050/month

8. Singapore, Singapore (TIE)

Average cost of rent: $2,050/month

6. Zurich, Switzerland

(Getty Images/iStockphoto) (Getty)

Average cost of rent: $2,200/month

5. Geneva, Switzerland

Average cost of rent: $2,320/month

4. Hong Kong

Average cost of rent: $2,740/month

3. Boston, MA

Average cost of rent: $2,930/month

2. San Francisco, CA

Average cost of rent: $3,360/month

1. New York City, NY

Average cost of rent: $3,680/month

Read the original article on INSIDER. Follow INSIDER on Facebook. Copyright 2017. Follow INSIDER on Twitter.

(Insider)

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