Price per square meter of apartments by arrondissement Paris 2017

As January 2017, the sixth arrondissement of Paris was the area with the highest average rent per square meter for an apartment in the French capital. In this arrondissement, which includes several historical sites like Saint-Germain -des-Près, the Académie Française and the Jardin du Luxembourg, the average price per meter amounted to 12,442 euros for a flat. Paris is known for being one of the most expensive European cities to rent an apartment.

The price difference in the twenty arrondissements of Paris

The French capital is divided into twenty arrondissements, which correspond to administrative districts. Because of their geographical situations in regards with the economic centers of the city of Paris, as well as their environments and the living conditions they offered, arrondissements do not have the same average price per square meter. For example, the average square meter price for an apartment in cosmopolitan districts like the 19th and the 20th arrondissements, located in the northeastern part of the city, amounted to a little bit more than 6,000 euros, compared to more than 11,000 euros in Le Marais (4th arrondissement). Paris was by far the most expensive city in France, regardless of the localization of the accommodation. In 2018, the average price per square meter for rental flats reached more than 26 euros in Paris and for 11.7 euros in Marseille, France’s second largest city.

The rise in rental prices in European cities

It appears cities in Europe have seen their rental prices increasing in the past years. In London for instance, the rental prices for the period from 2018 to 2022 are expected to grow by 10.9 percent in the Greater London area. In Germany, if Berlin used to be described as “poor but sexy” (to quote Berlin’s former mayor Klaus Wowereit), it seems that the German capital is not unaffected by the rise in rents. From 2012 to 2017, the average rent price of residential property in Berlin went from 9.52 euros per square meter, up to 11.71 euros five years later.