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

Luxembourg CityiStock/JorisvoA one-bedroom apartment in Luxembourg will set you back an average of $US1,530/month.

The INSIDER Summary:

  • A new report shows how much it costs to rent a one-bedroom apartment in the world’s 30 leading financial centres.
  • Of those 30 cities, Casablanca is the cheapest place to rent, with the average cost being $1,083/month.
  • New York City is the most expensive, with the average rent priced at $4,869/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 centres 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: $1,083/month

29. Montreal, Canada

Average cost of rent: $1,123/month

28. Taipei, Taiwan

Average cost of rent: $1,202/month

27. Munich, Germany

Average cost of rent: $1,466/month

26. Toronto, Canada

Average cost of rent: $1,585/month

25. Frankfurt, Germany

Average cost of rent: $1,783/month

24. Vancouver, Canada

Average cost of rent: $1,849/month

23. Osaka, Japan

Average cost of rent: $1,902/month

22. Shenzhen, China

Average cost of rent: $2,007/month

21. Luxembourg, Luxembourg

Average cost of rent: $2,021/month

20. London, UK

Average cost of rent: $2,179/month

19. Cayman Islands

Average cost of rent: $2,219/month

18. Melbourne, Australia

Average cost of rent: $2,232/month

17. Chicago, IL

Average cost of rent: $2,272/month

16. Paris, France

Average cost of rent: $2,285/month

15. Beijing, China

Average cost of rent: $2,509/month

14. Shanghai, China

Average cost of rent: $2,522/month

13. Washington D.C.

Average cost of rent: $2,562/month

12. Seoul, South Korea

Average cost of rent: $2,628/month

11. Los Angeles, CA

Average cost of rent: $2,681/month

10. Dubai, United Arab Emirates (TIE)

Average cost of rent: $2,694/month

10. Sydney, Australia (TIE)

Average cost of rent: $2,694/month

8. Tokyo, Japan (TIE)

Average cost of rent: $US2,050/month

8. Singapore, Singapore (TIE)

Average cost of rent: $2,707/month

6. Zurich, Switzerland

Average cost of rent: $2,905/month

5. Geneva, Switzerland

Average cost of rent: $3,064/month

4. Hong Kong

Average cost of rent: $3,619/month

3. Boston, MA

Average cost of rent: $3,870/month

2. San Francisco, CA

Average cost of rent: $4,437/month

1. New York City, NY

Average cost of rent: $4,860/month

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