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Rent per square meter of Parisian apartments by districts 2017

As of the first of January 2017, the average rent per square meter of an apartment in the first arrondissement of Paris amounted to 30.8 euros. This arrondissement, situated in the center of the French capital, is the smallest by area and yet the most expensive for rents. Paris appears to have the highest rents in Europe.

The housing crisis in Paris

In recent years, rental prices in Paris have exploded, reaching levels that have never be seen before. All arrondissements seemed to be impacted by this phenomenon. In 2018, the average price per square meter to rent an apartment in the French capital reached 26.2 euros, eleven euros more than for France’s second most expensive city, Nice. Paris even became one of the cities worldwide where renting a 2-bedroom apartment costs more than 2,400 US dollars. The fact that demands for apartments outweigh supplies, combined with low levels of available space, might explain Paris housing crisis.

The cost of living in the French capital

Paris counts some of the world’s most incredible historical sites, as well as a vibrant culture. But living in the City of Lights is becoming more expensive every year. In 2019, The Economist Intelligence Unit’s Worldwide named Paris the second city with the highest cost of living worldwide. Even though the average cost for public transport is surprisingly low in Paris, compared to other European cities, real estate prices and the costs of food or entertainment can make Parisian life less romantic than expected.

Average rent per square meter of an apartment in Paris on 1st January 2017, by district

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Source

Release date

2017

Region

France

Survey time period

January 1st, 2017

Supplementary notes

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