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