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.

The District of Columbia is the most expensive U.S. state for studio apartments, with monthly rents nearly *** U.S. dollars higher than in Hawaii. As of February 2021, renters in District of Columbia paid on average ***** U.S. dollars monthly for a studio apartment. In comparison, studios in Arkansas were approximately three times more affordable.

Between 2020 and 2021, the average monthly rent in the U.S. saw an overall increase. Nevertheless, this was not the case in some states that experienced dramatic negative rental growth.

In 2024, New York, NY, was the most expensive rental market for one-bedroom apartments in the United States. The median monthly rental rate of an apartment in New York was ***** U.S. dollars, while in San Francisco, CA which ranked second highest, renters paid on average ***** U.S. dollars.

VITAL SIGNS INDICATOR List Rents (EC9)

FULL MEASURE NAME List Rents

LAST UPDATED October 2016

DESCRIPTION List rent refers to the advertised rents for available rental housing and serves as a measure of housing costs for new households moving into a neighborhood, city, county or region.

DATA SOURCE real Answers (1994 – 2015) no link

Zillow Metro Median Listing Price All Homes (2010-2016) http://www.zillow.com/research/data/

CONTACT INFORMATION vitalsigns.info@mtc.ca.gov

METHODOLOGY NOTES (across all datasets for this indicator) List rents data reflects median rent prices advertised for available apartments rather than median rent payments; more information is available in the indicator definition above. Regional and local geographies rely on data collected by real Answers, a research organization and database publisher specializing in the multifamily housing market. real Answers focuses on collecting longitudinal data for individual rental properties through quarterly surveys. For the Bay Area, their database is comprised of properties with 40 to 3,000+ housing units. Median list prices most likely have an upward bias due to the exclusion of smaller properties. The bias may be most extreme in geographies where large rental properties represent a small portion of the overall rental market. A map of the individual properties surveyed is included in the Local Focus section.

Individual properties surveyed provided lower- and upper-bound ranges for the various types of housing available (studio, 1 bedroom, 2 bedroom, etc.). Median lower- and upper-bound prices are determined across all housing types for the regional and county geographies. The median list price represented in Vital Signs is the average of the median lower- and upper-bound prices for the region and counties. Median upper-bound prices are determined across all housing types for the city geographies. The median list price represented in Vital Signs is the median upper-bound price for cities. For simplicity, only the mean list rent is displayed for the individual properties. The metro areas geography rely upon Zillow data, which is the median price for rentals listed through www.zillow.com during the month. Like the real Answers data, Zillow's median list prices most likely have an upward bias since small properties are underrepresented in Zillow's listings. The metro area data for the Bay Area cannot be compared to the regional Bay Area data. Due to afore mentioned data limitations, this data is suitable for analyzing the change in list rents over time but not necessarily comparisons of absolute list rents. Metro area boundaries reflects today’s metro area definitions by county for consistency, rather than historical metro area boundaries.

Due to the limited number of rental properties surveyed, city-level data is unavailable for Atherton, Belvedere, Brisbane, Calistoga, Clayton, Cloverdale, Cotati, Fairfax, Half Moon Bay, Healdsburg, Hillsborough, Los Altos Hills, Monte Sereno, Moranga, Oakley, Orinda, Portola Valley, Rio Vista, Ross, San Anselmo, San Carlos, Saratoga, Sebastopol, Windsor, Woodside, and Yountville.

Inflation-adjusted data are presented to illustrate how rents have grown relative to overall price increases; that said, the use of the Consumer Price Index does create some challenges given the fact that housing represents a major chunk of consumer goods bundle used to calculate CPI. This reflects a methodological tradeoff between precision and accuracy and is a common concern when working with any commodity that is a major component of CPI itself. Percent change in inflation-adjusted median is calculated with respect to the median price from the fourth quarter or December of the base year.

Graph and download economic data for Consumer Price Index for All Urban Consumers: Rent of Primary Residence in U.S. City Average (CUUR0000SEHA) from Dec 1914 to Aug 2025 about primary, rent, urban, consumer, CPI, inflation, price index, indexes, price, and USA.

As of October 2024, Cluj-Napoca had the highest rent for one-room apartments, on average, renting a studio apartment costs *** euros per month. Arad was the most affordable city to live in on the given list — *** euros per month, even reaching an average of *** euros in January and February 2024.

The median monthly rent for all apartment types in the U.S. has stabilized since 2022, despite some seasonal fluctuations. In August 2025, the monthly rent for a two-bedroom apartment amounted to ***** U.S. dollars. That was an increase from ***** U.S. dollars in January 2021, but a decline from the peak value of ***** U.S. dollars in August 2022. Where are the most expensive apartments in the U.S.? Apartment rents vary widely from state to state. To afford a two-bedroom apartment in California, for example, a renter needed to earn an average hourly wage of nearly ** U.S. dollars. This was approximately double the average wage in North Carolina and three times as much as the average wage in Arkansas. In fact, rental costs were considerably higher than the hourly minimum wage in all U.S. states. How did rents change in different states in the U.S.? In 2025, some of the most expensive states to rent an apartment only saw a moderate increase in rental prices. Nevertheless, rents increased in most states as of August 2025. In West Virginia, the annual rental growth was the highest, at ***** percent.

This report provides information on studio apartments and officetels in Nam-gu, Gwangju Metropolitan City (including address, date of occupancy approval, primary and secondary use, and number of households). This data is provided by the Architecture Division of Nam-gu Office, Gwangju Metropolitan City (☎062-607-4113). Please note that data where household count information is not available is omitted. Public data may fluctuate depending on the reference point, so please contact the relevant department for further information. ※ This studio apartment and officetel data is used to understand the distribution of small residential properties in the region, market prices for sale, lease, and monthly rent, and supply trends. Studio apartments and officetels are becoming a popular housing option for young people, newlyweds, and working people in high-demand areas such as university areas, industrial complexes, and subway stations. This data allows local governments to develop housing welfare policies, rent stabilization measures, and housing supply plans, while citizens can make informed housing choices and compare costs based on this data. It can also be used for real estate market analysis, urban planning, and lifestyle SOC policies.

Average asking rent price in select Census Metropolitan Areas by rental unit type. The breakdown by number of bedrooms is provided only for apartments. The results are based on an experimental approach, meaning they are derived from recent methodologies and may be subject to revisions. Quarterly data are available starting from the first quarter of 2019.

This table contains data described by the following dimensions (Not all combinations are available): Geography (247 items: Carbonear; Newfoundland and Labrador; Corner Brook; Newfoundland and Labrador; Grand Falls-Windsor; Newfoundland and Labrador; Gander; Newfoundland and Labrador ...), Type of structure (4 items: Apartment structures of three units and over; Apartment structures of six units and over; Row and apartment structures of three units and over; Row structures of three units and over ...), Type of unit (4 items: Two bedroom units; Three bedroom units; One bedroom units; Bachelor units ...).

Depending on the location, the average price for a two-bedroom apartment in Mexico City could exceed ******* U.S. dollars in 2024. In Miguel Hidalgo, the most expensive borough to buy an apartment in Mexico City, the average apartment price was nearly ******* U.S. dollars for a two-bedroom apartment, while a three-bedroom apartment cost over ******* U.S. dollars. Among the boroughs ranked in the statistic, Coyoacán had the most affordable prices for a one-bedroom apartment, averaging ******* U.S. dollars. Overall, Mexico City has the highest average house price per square meter in Mexico.

Median monthly rental prices for the private rental market in England by bedroom category, region and administrative area, calculated using data from the Valuation Office Agency and Office for National Statistics.

The average monthly rent of apartments in California increased substantially 2021, followed by a period of stabilization. In May 2024, the average rent of a two-bedroom apartment cost over ***** U.S. dollars, up from ***** U.S. dollars in December 2020 before rents started to rise. Nevertheless, not all cities saw rents rise at the same pace.

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.

The average monthly rent of apartments in Florida increased substantially in 2021, followed by two years of slight decrease. As of ********, the average rent of a two-bedroom apartment in Florida cost ***** U.S. dollars, which was an increase of *** U.S. dollars from ******** when prices started to rise.

Residential rental rates by municipality, year, and type of unit (bachelor suites, one-bedroom, two-bedroom and three-bedroom units) in non-subsidized rental buildings that have three or more rental units.

The Asia-Pacific condominiums and apartments market is experiencing robust growth, driven by rapid urbanization, rising disposable incomes, and a burgeoning middle class across key economies like China, India, and Japan. The market's Compound Annual Growth Rate (CAGR) exceeding 7.80% from 2019 to 2024 indicates a significant upward trajectory. This expansion is fueled by increasing demand for modern, comfortable housing, particularly in densely populated urban centers. Government initiatives promoting affordable housing and infrastructure development further contribute to market expansion. However, challenges such as fluctuating property prices, stringent regulatory environments in certain countries, and potential economic downturns could act as restraints on growth. The market is segmented geographically, with China, India, and Japan holding considerable market share, while other Southeast Asian nations are showing increasing potential. The substantial growth witnessed across the region demonstrates a favorable outlook for investors and developers, despite potential economic uncertainties. The competitive landscape includes both established international players and prominent local developers, reflecting a dynamic and evolving market. Further analysis indicates that within the segment of Production Analysis, consumption analysis is particularly strong in major metropolitan areas, fueled by high population densities and robust economic activity. Import and export analyses of the market reveal a complex interplay of local production and international trade, influenced by global supply chains and economic policy. Price trends show cyclical fluctuations, influenced by material costs, interest rates, and overall economic conditions. The market's future is characterized by a continued emphasis on sustainable building practices, technological integration in property management, and a growing focus on luxury and high-end residential options. The forecast period of 2025-2033 promises continued expansion of the Asia-Pacific condominiums and apartments market, although at a potentially moderated rate compared to previous years. While the CAGR will likely settle somewhat, the underlying drivers – urbanization, increasing affluence, and evolving lifestyle preferences – remain strong. The market will likely see further segmentation based on factors like property type (luxury vs. affordable), location, and amenities offered. Strategic partnerships between developers and technology companies will become increasingly common, driving innovation in areas such as smart home technology and property management solutions. Regulatory changes aiming to enhance transparency and affordability within the housing sector will continue to shape market dynamics. The successful navigation of potential economic fluctuations and the adaptation to evolving consumer preferences will be crucial for sustained growth during this forecast period. Continuous monitoring of economic indicators and demographic trends will be key to making accurate predictions regarding future market performance. Recent developments include: October 2022: The USD 280 million Gold Coast condo development in Australia is a collaboration between Banda, a development and design studio founded by Princess Beatrice's husband, Edo Mapelli Mozzi, and Australian real estate expert Rory O'Brien. The new development will provide the most luxurious condos in the area. Banda Design Studio will create 28 units: 20 residences, five sky homes, two duplex sub-penthouses, and a super-penthouse., March 2022: Goldman Sachs may collaborate with trading firm Sojitz to acquire and renovate older apartments that would otherwise go unnoticed by real estate investors. By the summer, they plan to form a joint venture to focus on rental housing in major Japanese cities. Properties that have been improved will be sold in batches to financial institutions and investment funds. The partners intend to invest JPY 40-50 billion (USD 323-405 million) in the company each year.. Notable trends are: Increase in Demand for Rental Properties.

In June 2019, apartment rental prices peaked in Budapest at nearly ************* forints per square meter and subsequently decreased to *** thousand by June 2021. However, the average rental price of apartments in the whole country maintained rather similar values over the considered time period.

In 2024, the most expensive residential rental market in Europe was Luxembourg with rental costs of approximately *****euros per square meter.Paris and Dublin followed with rental costs of ***and *****euros per square meter. Rents increased across most markets - a trend that could also be observed in the housing market. How much does an apartment cost in different European cities? Renting a furnished studio apartment in some of the leading cities in Europe can cost anywhere between *** euros monthly (Budapest) and ***** euros (Amsterdam) per month. For a furnished one-bedroom apartment in Paris, France, one may be expected to pay on average ***** euros monthly. Which countries have the most affordable housing? The house price to rent ratio is an indicator of the affordability of owning housing over renting across European countries and is calculated as the nominal house prices divided by a rent price index. The higher the ratio, the more the gap between house prices and rental rates has widened since 2015 when the index base was 100. As of the first quarter of 2025, Finland, Italy, and Romania had the lowest house price to rent ratio, meaning that buying a house was most affordable there compared to renting.

The most expensive cities to live in were Bucharest and Cluj-Napoca as of April 2023. On average renting a studio apartment cost *** euros per month in both cities. It was followed by Brașov, Iași and Constanța, with Timișoara being the most affordable city to live in from the given list - *** euros for a one-room apartment.