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Average rental cost of apartments in European cities 2018

During 2018, Paris was the most expensive European city to rent an Apartment, at 2.85 thousand U.S. dollars per month. London had an average rental cost of over 300 U.S. dollars less than the Capital of France. Cities within Western Europe have a higher rental price than their Eastern counterparts with Moscow seeing the average cost of rent over one thousand U.S. dollars per month lower than Paris.

Supply and demand

One of the main factors driving high rents across European cities is the same as any other consumer driven business. If demand outweighs supply, prices will inflate. The drive for high paid professionals to be located centrally in prime locations, mixed with the low levels of available space, high land and, construction costs all help keep rental prices increasing.

Renters now outweigh home owners

In London, the number of private renters has increased dramatically from 2008. Increasing house prices as well as standard costs of living have seen more and more people unable to get on to the property ladder, and are therefore forced onto the rental markets for longer. This being said 2019 has become a great time for first-time buyers as interest rates remained historically low.

Average monthly rental cost for apartments* in various European cities in 2018

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Release date




Survey time period

January to April 2018

Supplementary notes

* The source added the following "To estimate the worldwide costs of housing, we considered the prices for three different types of apartments. For two of these types, we standardized requirements to Western preferences, with a furnished two-room apartment and an unfurnished three-room flat. We only looked at newly built apartments with a bathroom and kitchen. Prices included utilities (energy and water taxes), but not the use of a garage. To capture local standards, our survey asked for the price of an apartment of typical size, location and amenities for the respective city. All three housing options were weighted equally."
For full methodology see here.

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Statistics on "Residential real estate in Europe"

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