The 25 most expensive cities around the world to rent a two-bedroom apartment

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A two-bedroom apartment in San Francisco will cost you $US3,600 a month. Pius Lee/Shutterstock

If you’re looking to save money on housing, you probably shouldn’t live in Hong Kong.

It’s home to the world’s most expensive rent, according to Deutsche Bank’s 2019 edition of its annual “Mapping the World’s Prices” report. The report highlights the cost of living in 56 global cities, including the average monthly rent for a typical two-bedroom apartment. To determine this specific data, the report sourced prices from Expatistan, a site that tracks cost-of-living expenses in over 200 countries.

Hong Kong and San Francisco are the only two cities on the list where the average two-bedroom rent exceeds $US3,000. San Francisco is one of four US cities that make the list of the top 25 global cities with the most expensive rent, along with New York, Boston, and Chicago.

Worldwide, rent in Dubai saw the biggest decline from the past year, while rent in Frankfurt, Tokyo, and Zurich saw the biggest rent increases.

Below: See the the most expensive cities in the world to rent a two-bedroom apartment. All monthly average rent is in US dollars, and the percentage change refers to the increase or decrease in rent from 2018 to 2019.


25. Milan, Italy

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Monthly rent: $US1,395

Percentage change: 5%


24. Shanghai, China

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Monthly rent: $US1,432

Percentage change: 7%


23. Frankfurt, Germany

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Monthly rent: $US1,471

Percentage change: 12%


22. Stockholm, Sweden

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Monthly rent: $US1,484

Percentage change: -4%


21. Chicago, US

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Monthly rent: $US1,527

Percentage change: 7%


20. Auckland, New Zealand

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Monthly rent: $US1,533

Percentage change: –7%


19. Vancouver, Canada

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Monthly rent: $US1,556

Percentage change: -3%


18. Dubai, UAE

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Monthly rent: $US1,576

Percentage change: -12%


17. Wellington, New Zealand

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Monthly rent: $US1,581

Percentage change: -1%


16. Toronto, Canada

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Monthly rent: $US1,602

Percentage change: 7%


15. Helsinki, Finland

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Monthly rent: $US1,612

Percentage change: -7%


14. Oslo, Norway

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Monthly rent: $US1,808

Percentage change: -7%


13. Copenhagen, Denmark

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Monthly rent: $US1,809

Percentage change: -2%


12. Amsterdam, Netherlands

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Monthly rent: $US1,854

Percentage change: -1%


11. Singapore

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Monthly rent: $US1,893

Percentage change: -4%


10. Tokyo, Japan

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Monthly rent: $US1,903

Percentage change: 9%


9. Sydney, Australia

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Monthly rent: $US1,969

Percentage change: -4%


8. Dublin, Ireland

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Monthly rent: $US2,018

Percentage change: -1%


7. Boston, US

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Monthly rent: $US2,201

Percentage change: 2%


6. London, UK

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Monthly rent: $US2,338

Percentage change: -3%


5. Paris, France

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Monthly rent: $US2,455

Percentage change: -1%


4. Zurich, Switzerland

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Monthly rent: $US2,538

Percentage change: 9%


3. New York City, US

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Monthly rent: $US2,909

Percentage change: 2%


2. San Francisco, US

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Monthly rent: $US3,631

Percentage change: -1%


1. Hong Kong

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Monthly rent: $US3,685

Percentage change: -1%