GITNUX MARKETDATA REPORT 2024

Statistics About The Most Expensive Rent In The World

The most expensive rent in the world is in cities such as Hong Kong, New York, and Tokyo, where rental prices can reach thousands of dollars per month for a small apartment.

With sources from: bbc.com, forbes.com, cnn.com, straitstimes.com and many more

Statistic 1

Los Angeles has seen rent prices in areas like Santa Monica rise to an average of $3,200 per month for a one-bedroom unit.

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Toronto's high demand for rental properties results in rents averaging CAD 2,300 per month for a one-bedroom downtown apartment.

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Zurich’s high cost of living includes average rents of approximately CHF 3,600 for a three-bedroom apartment.

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San Francisco has seen rent prices rise, with an average one-bedroom apartment costing about $3,490 per month.

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Sydney remains one of the most expensive cities in Australia to rent, with average weekly rents around AU$600 to AU$700 for a two-bedroom unit.

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Rio de Janeiro's high-end neighborhoods like Leblon have monthly rents averaging BRL 10,000 ($1,900) for a luxury apartment.

Statistic 7

In Seoul, South Korea, monthly rents for high-end apartments in districts such as Gangnam can exceed KRW 3,500,000 ($2,900).

Statistic 8

Vienna, despite its relatively lower cost of living, still has prime locations where rents can reach €2,000 per month for a luxury flat.

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New York City's Manhattan borough ranks among the most expensive places to rent in the U.S., with the average monthly rent for a one-bedroom apartment reaching $4,210 in 2023.

Statistic 10

In Dubai, prime residential areas can see rents as high as AED 180,000 annually (~$49,000) for a luxury apartment.

Statistic 11

London's prime property areas such as Kensington can have rental prices of £5,000 per month.

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Mumbai's upscale areas such as South Mumbai can have average monthly rents up to INR 300,000 ($3,600) for a luxury apartment.

Statistic 13

Dublin, Ireland, has seen rental rates soar, with average rents for a one-bedroom city centre apartment reaching €1,800 per month.

Statistic 14

Geneva is one of the most expensive cities in Europe for renting, with average rents for a three-bedroom apartment hitting CHF 5,000 per month.

Statistic 15

In Paris, a typical one-bedroom apartment in a central location can cost up to €1,900 per month.

Statistic 16

Rent in Berlin's prime locations can range up to €2,000 per month for a spacious two-bedroom apartment.

Statistic 17

In Singapore, prime location rents can reach up to $4,000 per month for a three-bedroom apartment.

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Moscow’s luxury apartments in central districts can fetch monthly rents averaging around RUB 300,000 ($4,100).

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Hong Kong has some of the highest rental prices in the world, with the average monthly rent for a two-bedroom apartment being around $3,685.

Statistic 20

Tokyo’s central districts, like Minato, have average rents of about ¥300,000 ($2,800) monthly for a two-bedroom apartment.

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In this post, we explore the staggering realities of the most expensive rent in the world across various global cities. From the luxurious landscapes of Los Angeles to the bustling streets of Tokyo, discover the jaw-dropping figures that define the rental market in these top cosmopolitan hubs.

Statistic 1

"Los Angeles has seen rent prices in areas like Santa Monica rise to an average of $3,200 per month for a one-bedroom unit."

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Statistic 2

"Toronto's high demand for rental properties results in rents averaging CAD 2,300 per month for a one-bedroom downtown apartment."

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Statistic 3

"Zurich’s high cost of living includes average rents of approximately CHF 3,600 for a three-bedroom apartment."

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Statistic 4

"San Francisco has seen rent prices rise, with an average one-bedroom apartment costing about $3,490 per month."

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Statistic 5

"Sydney remains one of the most expensive cities in Australia to rent, with average weekly rents around AU$600 to AU$700 for a two-bedroom unit."

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Statistic 6

"Rio de Janeiro's high-end neighborhoods like Leblon have monthly rents averaging BRL 10,000 ($1,900) for a luxury apartment."

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Statistic 7

"In Seoul, South Korea, monthly rents for high-end apartments in districts such as Gangnam can exceed KRW 3,500,000 ($2,900)."

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Statistic 8

"Vienna, despite its relatively lower cost of living, still has prime locations where rents can reach €2,000 per month for a luxury flat."

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Statistic 9

"New York City's Manhattan borough ranks among the most expensive places to rent in the U.S., with the average monthly rent for a one-bedroom apartment reaching $4,210 in 2023."

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Statistic 10

"In Dubai, prime residential areas can see rents as high as AED 180,000 annually (~$49,000) for a luxury apartment."

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Statistic 11

"London's prime property areas such as Kensington can have rental prices of £5,000 per month."

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Statistic 12

"Mumbai's upscale areas such as South Mumbai can have average monthly rents up to INR 300,000 ($3,600) for a luxury apartment."

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Statistic 13

"Dublin, Ireland, has seen rental rates soar, with average rents for a one-bedroom city centre apartment reaching €1,800 per month."

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Statistic 14

"Geneva is one of the most expensive cities in Europe for renting, with average rents for a three-bedroom apartment hitting CHF 5,000 per month."

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Statistic 15

"In Paris, a typical one-bedroom apartment in a central location can cost up to €1,900 per month."

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Statistic 16

"Rent in Berlin's prime locations can range up to €2,000 per month for a spacious two-bedroom apartment."

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Statistic 17

"In Singapore, prime location rents can reach up to $4,000 per month for a three-bedroom apartment."

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Statistic 18

"Moscow’s luxury apartments in central districts can fetch monthly rents averaging around RUB 300,000 ($4,100)."

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Statistic 19

"Hong Kong has some of the highest rental prices in the world, with the average monthly rent for a two-bedroom apartment being around $3,685."

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Statistic 20

"Tokyo’s central districts, like Minato, have average rents of about ¥300,000 ($2,800) monthly for a two-bedroom apartment."

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Interpretation

In conclusion, the statistics reveal a global landscape of exceptionally high rent prices in various major cities around the world. From Los Angeles and Toronto to Zurich and San Francisco, the cost of renting a property continues to soar, with prime locations in cities like New York, London, and Hong Kong commanding staggering monthly rents. These figures highlight the significant financial burden faced by individuals seeking accommodation in these prestigious and expensive rental markets.

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