Top 50 Most Expensive Cities in the world To Rent An Apartment, 2015 Report

Top 50 Most Expensive Cities in the world To Rent An Apartment, 2015 Report

The New York City has been ranked the most expensive city in the world to rent property in, renting a furnished 2-bedroom in the Big Apple costs an average of $4,620 a month, according to the Prices and Earnings 2015 report.

But renters in four other cities have it worse: In Hong Kong, the average 2-bedroom apartment rents for $4,410; in London, for $2,840; in Geneva, $2,810; and in Chicago, $2,520.

Sofia, however, is one of the cheapest places, for the cost of 1 month’s rent in the New York City, you could rent an apartment for 17 months in the Bulgaria capital.

The average rent for a 2-room furnished apartment per month in the New York City would be $4,620 compared to New Delhi, India’s capital, where it would be $570 and Beijing where a similar apartment would cost an average of $1,150 per month.

Public transport is also quite expensive for a New Yorker, a cab would cost close to $11.67 for a distance of 5 km in the New York City, the same distance for Londoners  would cost $10.09, according to the cities with the most expensive taxi fares in the world, 2015 study by UBS.

Among the cheapest places are Sofia in Bulgaria ($270 per month), Kiev in Ukraine ($400 per month), Bucharest in Romania ($420 per month), and Prague in the Czech Republic ($510 per month).

Housing eats up a lot of our paycheck, but just how much?

Most Expensive Cities in the world To Rent An Apartment, 2015 Report:

RankCitiesFurnished two-room apartment cost
1New York City$4620
2Hong Kong$4410
3London$2840
4Geneva$2810
5Chicago$2520
6Zurich$2500
7Dubai$2320
8Doha$2230
9Sydney$2050
10Taipei$2030
11Luxembourg$1940
12Oslo$1940
13Miami$1840
14Los Angeles$1670
15Paris$1670
16Dublin$1650
17Tel Aviv$1520
18Helsinki$1460
19Copenhagen$1420
20Rio de Janeiro$1380
21Tokyo$1370
22Brussels$1300
23Stockholm$1240
24Rome$1220
25Munich$1210
26Beijing$1150
27Amsterdam$1140
28Manama$1120
29Shanghai$1120
30Toronto$1110
31Milan$1090
32Johannesburg$1080
33Moscow$1080
34Auckland$1060
35Vienna$1010
36Frankfurt$990
37Mexico City$990
38Santiago de Chile$990
39Seoul$970
40Madrid$940
41Sao Paulo$930
42Istanbul$890
43Manila$890
44Berlin$850
45Bogotá$840
46Bangkok$820
47Buenos Aires$810
48Barcelona$780
49Mumbai$770
50Lima$760
51Ljubljana$760
52Athens$740
53Lisbon$710
54Nairobi$700
55Nicosia$690
56Riga$680
57Bratislava$670
58Tallinn$670
59Cairo$640
60Lyon$640
61Montreal$640
62Budapest$620
63Vilnius$590
64Warsaw$590
65Kuala Lumpur$570
66New Delhi$570
67Jakarta$530
68Prague$510
69Bucharest$420
70Kiev$400
71Sofia$270

Methodology: To estimate the worldwide costs of housing, the report considered the prices for a furnished two-room apartment. Report only looked at newly built apartments with a bathroom and a kitchen. Prices included utilities (energy and water taxes), but not the use of a garage. To capture local standards, survey asked for the price of an apartment of typical size, location, and amenities for the respective city.

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