Cities in the United States dominate the list of cities with the highest rents worldwide. New York was ranked as the most expensive city to rent in, ahead of San Francisco, with an index score of ***. Boston followed in third.

Japan Average Rent: Existing Building: Osaka data was reported at 11,341.000 JPY/Tsubo in Jun 2018. This records an increase from the previous number of 11,304.000 JPY/Tsubo for May 2018. Japan Average Rent: Existing Building: Osaka data is updated monthly, averaging 12,293.000 JPY/Tsubo from Dec 2001 (Median) to Jun 2018, with 199 observations. The data reached an all-time high of 14,033.000 JPY/Tsubo in Dec 2001 and a record low of 11,051.000 JPY/Tsubo in Dec 2016. Japan Average Rent: Existing Building: Osaka data remains active status in CEIC and is reported by Miki Shoji Company Limited. The data is categorized under Global Database’s Japan – Table JP.EB004: Office Average Rent: By Region: Miki Shoji Company Limited.

Japan Average Rent: Tokyo data was reported at 20,438.000 JPY/Tsubo in Sep 2018. This records an increase from the previous number of 20,291.000 JPY/Tsubo for Aug 2018. Japan Average Rent: Tokyo data is updated monthly, averaging 18,200.000 JPY/Tsubo from Dec 1990 (Median) to Sep 2018, with 213 observations. The data reached an all-time high of 44,193.000 JPY/Tsubo in Dec 1991 and a record low of 16,207.000 JPY/Tsubo in Dec 2013. Japan Average Rent: Tokyo data remains active status in CEIC and is reported by Miki Shoji Company Limited. The data is categorized under Global Database’s Japan – Table JP.P007: Office Average Rent: By Region.

This statistic shows the average rent for an unfurnished 3-room apartment in selected cities around the world in 2015. In 2015, the average rent for an unfurnished 3-room apartment in New York amounted to ***** US dollars.

This dataset provides values for PRICE TO RENT RATIO reported in several countries. The data includes current values, previous releases, historical highs and record lows, release frequency, reported unit and currency.

Japan Average Rent: Annual: Osaka data was reported at 11,267.000 JPY/Tsubo in 2017. This records an increase from the previous number of 11,051.000 JPY/Tsubo for 2016. Japan Average Rent: Annual: Osaka data is updated yearly, averaging 13,033.500 JPY/Tsubo from Dec 1990 (Median) to 2017, with 28 observations. The data reached an all-time high of 17,689.000 JPY/Tsubo in 1992 and a record low of 11,051.000 JPY/Tsubo in 2016. Japan Average Rent: Annual: Osaka data remains active status in CEIC and is reported by Miki Shoji Company Limited. The data is categorized under Global Database’s Japan – Table JP.EB004: Office Average Rent: By Region: Miki Shoji Company Limited.

Amsterdam is set to maintain its position as Europe's most expensive city for apartment rentals in 2025, with median costs reaching 2,500 euros per month for a furnished unit. This figure is double the rent in Prague and significantly higher than other major European capitals like Paris, Berlin, and Madrid. The stark difference in rental costs across European cities reflects broader economic trends, housing policies, and the complex interplay between supply and demand in urban centers. Factors driving rental costs across Europe The disparity in rental prices across European cities can be attributed to various factors. In countries like Switzerland, Germany, and Austria, a higher proportion of the population lives in rental housing. This trend contributes to increased demand and potentially higher living costs in these nations. Conversely, many Eastern and Southern European countries have homeownership rates exceeding 90 percent, which may help keep rental prices lower in those regions. Housing affordability and market dynamics The relationship between housing prices and rental rates varies significantly across Europe. As of 2024, countries like Turkey, Iceland, Portugal, and Hungary had the highest house price to rent ratio indices. This indicates a widening gap between property values and rental costs since 2015. The affordability of homeownership versus renting differs greatly among European nations, with some countries experiencing rapid increases in property values that outpace rental growth. These market dynamics influence rental costs and contribute to the diverse rental landscape observed across European cities.

Japan Average Rent: Existing Building: Sendai data was reported at 9,098.000 JPY/Tsubo in Oct 2018. This records an increase from the previous number of 9,084.000 JPY/Tsubo for Sep 2018. Japan Average Rent: Existing Building: Sendai data is updated monthly, averaging 9,140.000 JPY/Tsubo from Dec 1995 (Median) to Oct 2018, with 208 observations. The data reached an all-time high of 10,729.000 JPY/Tsubo in Dec 1997 and a record low of 8,961.000 JPY/Tsubo in May 2017. Japan Average Rent: Existing Building: Sendai data remains active status in CEIC and is reported by Miki Shoji Company Limited. The data is categorized under Global Database’s Japan – Table JP.P007: Office Average Rent: By Region.

This statistic shows the average monthly rent for one bedroom apartment in selected cities around the world in 2016. In that year, the average monthly rent in London amounted to ***** U.S. dollars.

Cost of living indices are relative to New York City (NYC) which means that for New York City, each index should be 100. If another city has, for example, rent index of 120, it means that on an average in that city rents are 20% more expensive than in New York City. If a city has rent index of 70, that means on an average in that city rents are 30% less expensive than in New York City.

Cost of Living Index (Excl. Rent) is a relative indicator of consumer goods prices, including groceries, restaurants, transportation and utilities. Cost of Living Index doesn't include accommodation expenses such as rent or mortgage. If a city has a Cost of Living Index of 120, it means Numbeo estimates it is 20% more expensive than New York (excluding rent).

Rent Index is an estimation of prices of renting apartments in the city compared to New York City. If Rent index is 80, Numbeo estimates that price of rents in that city is on an average 20% less than the price in New York.

Groceries Index is an estimation of grocery prices in the city compared to New York City. To calculate this section, Numbeo uses weights of items in the "Markets" section for each city.

Restaurants Index is a comparison of prices of meals and drinks in restaurants and bars compared to NYC.

Cost of Living Plus Rent Index is an estimation of consumer goods prices including rent comparing to New York City.

Local Purchasing Power shows relative purchasing power in buying goods and services in a given city for the average wage in that city. If domestic purchasing power is 40, this means that the inhabitants of that city with the average salary can afford to buy on an average 60% less goods and services than New York City residents with an average salary.

Israel Rental Prices: Avg: Rehovot data was reported at 4,568.300 ILS in Dec 2024. This records an increase from the previous number of 4,507.600 ILS for Sep 2024. Israel Rental Prices: Avg: Rehovot data is updated quarterly, averaging 3,843.350 ILS from Mar 2017 (Median) to Dec 2024, with 32 observations. The data reached an all-time high of 4,568.300 ILS in Dec 2024 and a record low of 3,380.675 ILS in Mar 2017. Israel Rental Prices: Avg: Rehovot data remains active status in CEIC and is reported by Central Bureau of Statistics. The data is categorized under Global Database’s Israel – Table IL.EB009: Average Rental Price: Dwellings.

Turkey, Russia, Portugal, and Latvia were the countries with the highest house price-to-rent-ratio in the ranking in the second quarter of 2024. In all three countries, the ratio exceeded *** index points, meaning that house price growth had outpaced rents by over ** percent between 2015 and 2024. What does the house-price-to-rent ratio show? The house-price-to-rent-ratio measures the evolution of house prices compared to rents. It is generally calculated by dividing the median house price by the median annual rent. In this statistic, the values have been normalized with 100 equaling the 2015 ratio. Consequentially, a value under 100 means that rental rates have risen more than house prices. When all OECD countries are considered as a whole, the gap between house prices and rents was wider than in the Euro area. Measures of housing affordability The national house-price-to-rent ratio may not fully reflect the cost of housing in a particular country, as it does not capture the price variations that can exist between different regions. It also does not take into consideration the relationship between incomes and housing costs, which is measured by the house-price-to-income and household-rent-to-income ratios. Taking both these factors into account uncovers vast differences in housing affordability between different regions and different professions.

In the second quarter of 2025, London (West End) was the market with the most expensive prime office space worldwide. The net effective cost for a prime office in London cost close to ****** U.S. dollars annually. In second and third markets in the ranking, Hong Kong and Midtown New York, prices also exceeded *** U.S. dollars per square foot, with Hong Kong at ****** U.S. dollars and New York Midtown at ****** U.S. dollars. The global office real estate sector was severely affected by the coronavirus pandemic and the political and economic uncertainty that followed. With many companies placing expansion plans on hold and transitioning to hybrid working models, vacancies across many markets spiked and leasing activity slowed down.

Portugal, Canada, and the United States were the countries with the highest house price to income ratio in 2024. In all three countries, the index exceeded 130 index points, while the average for all OECD countries stood at 116.2 index points. The index measures the development of housing affordability and is calculated by dividing nominal house price by nominal disposable income per head, with 2015 set as a base year when the index amounted to 100. An index value of 120, for example, would mean that house price growth has outpaced income growth by 20 percent since 2015. How have house prices worldwide changed since the COVID-19 pandemic? House prices started to rise gradually after the global financial crisis (2007–2008), but this trend accelerated with the pandemic. The countries with advanced economies, which usually have mature housing markets, experienced stronger growth than countries with emerging economies. Real house price growth (accounting for inflation) peaked in 2022 and has since lost some of the gain. Although, many countries experienced a decline in house prices, the global house price index shows that property prices in 2023 were still substantially higher than before COVID-19. Renting vs. buying In the past, house prices have grown faster than rents. However, the home affordability has been declining notably, with a direct impact on rental prices. As people struggle to buy a property of their own, they often turn to rental accommodation. This has resulted in a growing demand for rental apartments and soaring rental prices.

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 keep rental prices increasing. Renting in European cities In 2025, Munich was the most expensive city to rent a furnished studio among the 23 cities surveyed. At ***** euros per month, renting a studio in Munich cost nearly twice the price of a studio in Athens. For one-bedroom apartments or a furnished private room, the most expensive city was Amsterdam. Homeownership in Europe In many European countries owning your home is more commonplace than renting – for instance, in Romania, the homeownership rate is over ** percent. In the UK, affordability of housing is one of the leading housing concerns, with the majority of adults agreeing that first-time buyers getting on a property ladder is a very or somewhat serious problem.

Japan Average Rent: Tokyo: Minato-ku data was reported at 20,852.000 JPY/Tsubo in Sep 2018. This records an increase from the previous number of 20,651.000 JPY/Tsubo for Aug 2018. Japan Average Rent: Tokyo: Minato-ku data is updated monthly, averaging 18,685.000 JPY/Tsubo from Dec 1990 (Median) to Sep 2018, with 213 observations. The data reached an all-time high of 44,488.000 JPY/Tsubo in Dec 1991 and a record low of 16,764.000 JPY/Tsubo in Dec 2013. Japan Average Rent: Tokyo: Minato-ku data remains active status in CEIC and is reported by Miki Shoji Company Limited. The data is categorized under Global Database’s Japan – Table JP.P007: Office Average Rent: By Region.

Japan Average Rent: Tokyo: Chuo-ku data was reported at 18,709.000 JPY/Tsubo in Sep 2018. This records an increase from the previous number of 18,607.000 JPY/Tsubo for Aug 2018. Japan Average Rent: Tokyo: Chuo-ku data is updated monthly, averaging 17,430.000 JPY/Tsubo from Dec 1990 (Median) to Sep 2018, with 213 observations. The data reached an all-time high of 46,003.000 JPY/Tsubo in Dec 1991 and a record low of 15,238.000 JPY/Tsubo in Oct 2013. Japan Average Rent: Tokyo: Chuo-ku data remains active status in CEIC and is reported by Miki Shoji Company Limited. The data is categorized under Global Database’s Japan – Table JP.P007: Office Average Rent: By Region.

The United Kingdom (UK) is the most expensive European country for annual costs of prime industrial rent. The annual rent for industrial space in London Heathrow in the first quarter of 2025 cost ***** euros per square meter. Switzerland, Norway, Ireland, Finland, and Luxembourg were the other European countries where the average annual cost of industrial prime rents in the capital city exceeded *********** euros per square meter.

Japan Average Rent: Nagoya data was reported at 11,075.000 JPY/Tsubo in Sep 2018. This records an increase from the previous number of 11,056.000 JPY/Tsubo for Aug 2018. Japan Average Rent: Nagoya data is updated monthly, averaging 11,040.500 JPY/Tsubo from Dec 1995 (Median) to Sep 2018, with 208 observations. The data reached an all-time high of 11,693.000 JPY/Tsubo in Dec 1995 and a record low of 10,742.000 JPY/Tsubo in Dec 2014. Japan Average Rent: Nagoya data remains active status in CEIC and is reported by Miki Shoji Company Limited. The data is categorized under Global Database’s Japan – Table JP.P007: Office Average Rent: By Region.

The current average price per night globally on Airbnb is $137 per night.