The most expensive countries to rent an apartment in

About 35.8% of Sweden’s population rents. As such, the country has rent controls in place. Though rental caps are a way to avoid skyrocketing prices, there is still a high demand for rental properties, so subletting at higher prices is not uncommon. On average, expect to pay around $904 per month for a one-bedroom apartment.

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22. Austria -

Nearly half of Austria lives in rental properties. The average price for a one-bedroom apartment is $914. While private landlords are on the rise, a great part of rental properties in the country are owned by the local government.

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21. Germany -

It’s estimated that 52.4% of the German population live in rented accommodation. Though unlike Austria, most rental properties are privately owned. An average one-bedroom apartment in an urban center will set you back $941.

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20. Portugal -

Portugal has a smaller rental market compared to many other countries in Europe. It’s estimated that just over 20% of the population live in rented accommodation. Prices, however, are among the highest in the continent, with a one-bedroom apartment costing around $989 per month.

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19. Cyprus -

Just above 30% of the population of Cyprus rents. Housing affordability is an issue in the country, where a one-bedroom apartment will set you back around $999 a month.

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18. Malta -

Most residents of the island nation are homeowners. The rental market is small. At just over 17%, most of the tenants are foreign nationals. The monthly rent of a one-bedroom apartment in Malta is about $1,011.

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17. Spain -

Similar to many other European countries, Spain saw rental prices soar over the last couple of years. Currently, those looking for a one-bedroom apartment in a city center can expect to pay around $1,000.

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16. New Zealand -

According to the 2023 census, 66% of New Zealand’s population are homeowners. Renting a one-bedroom apartment doesn’t come cheap, averaging around $1,000.

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15. Norway -

With almost 80% of homeowners, Norway is unlike most of its Scandinavian neighbors. Rental prices have increased about 20% over the last two years, sitting around $1,200.

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14. Denmark -

Around 40% of the Danish population rents. The government regulates the rental market, which certainly helps the quality of life in the country. As for the monthly rent for a one-bedroom apartment, expect to pay around the same as in Norway: around $1,200.

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13. Israel -

The percentage of the population that rents in Israel has surpassed the 30% mark. The housing market in general, including construction of new homes, has been affected by Israel's conflicts. The monthly rent of a one-bedroom apartment is about $1,300.

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12. Canada -

Just over 30% of the population of Canada lives in rented accommodation. The percentage varies across the county. In Montréal, for instance, over 63% of the residents rent. Rental prices are not cheap in Canada, at a monthly average of $1,300 for a one-bedroom apartment.

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11. United Kingdom -

Like in many other countries, the UK saw rents surge after the Covid-19 pandemic. In London alone, rent prices have increased 26% since 2022. Currently, renting a one-bedroom apartment in a city center sets you back $1,352.

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10. Australia -

Rental prices Down Under don’t come cheap. In fact, Australia experienced one of the highest surges in prices among the nations on this list. Expect to pay around $1,400 for a one-bedroom apartment in an Australian city center.

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9. Netherlands -

The Netherlands has the highest amount of social housing in Europe, so rent is pretty affordable for at least 34% of renters who live in such accommodations. The private rental market is also strong and growing. Renting a one-bedroom apartment in a Dutch city will cost around $1,500 per month.

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8. Qatar -

The Arab nation is among the most expensive countries to rent an apartment. Nearly 70% of Qataris are homeowners, and while rental prices are going down since the country hosted the FIFA World Cup, they are still high, at $1,500 per month.

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7. United Arab Emirates -

The UAE comes next on the list. The country has a large expat population, so there are a lot more people renting in the country. Though construction of new buildings continues in cities such as Dubai, rental prices remain high. The average rental price to pay for a one-bedroom flat is $1,600.

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6. Ireland -

Nearly 30% of the population of Ireland rents. There is a shortage of rental properties, which together with other factors, has ramped up rent prices. Currently, renting a one-bedroom apartment in an Irish city center will set you back around $1,700.

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5. United States -

The US rental market is growing and is among one of the most expensive in the world. How much you pay for rent for a one-bedroom apartment varies across the country, but on average, $1,759 per month is the price to pay.

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4. Luxembourg -

Luxembourg is far from being a cheap country to live in. When it comes to rents, prices don’t come cheap. About 27.6% of the population of the small European nation rents. Rental prices for a one-bedroom apartment come in at around $1,795 per month.

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3. Switzerland -

The European nation is the third most expensive country to rent an apartment. It’s estimated that around 57.7% of the Swiss population rents. But while the majority of people rent, prices are still pretty hefty.

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3. Switzerland -

A shortage of new-built homes, coupled with higher migration rates, helped prices increase even more. As of 2024, a one-bedroom apartment in a city center will set you back $1,893 a month.

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2. Hong Kong (China) -

The administrative region of China is the runner-up when it comes to global rental prices. Population density is high and space is scarce in Hong Kong, driving rental prices up to some of the highest in the world. The cost of renting a one-bedroom apartment comes in at $2,168 a month.

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1. Singapore -

Singapore is currently the most expensive country to rent an apartment. Unlike others on this list, the country has a very high rate of homeowners: about 89.7%. Many locals also have access to social housing. The rental market is aimed primarily at expats. How much can one expect to pay per month for a one-bedroom apartment in Singapore? A whopping $2,726!

Sources: (Love Money) (Numbeo)

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25. Panama -

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24. Belgium -

The average price of a one-bedroom apartment in a Belgian city center is around $885. The Brussels district of Woluwe-Saint-Pierre is one of the most expensive places to rent in the whole country.

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23. Sweden -

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22. Austria -

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21. Germany -

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20. Portugal -

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19. Cyprus -

Just above 30% of the population of Cyprus rents. Housing affordability is an issue in the country, where a one-bedroom apartment will set you back around $999 a month.

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18. Malta -

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17. Spain -

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16. New Zealand -

According to the 2023 census, 66% of New Zealand’s population are homeowners. Renting a one-bedroom apartment doesn’t come cheap, averaging around $1,000.

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15. Norway -

With almost 80% of homeowners, Norway is unlike most of its Scandinavian neighbors. Rental prices have increased about 20% over the last two years, sitting around $1,200.

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14. Denmark -

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13. Israel -

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12. Canada -

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11. United Kingdom -

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10. Australia -

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9. Netherlands -

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8. Qatar -

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7. United Arab Emirates -

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6. Ireland -

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5. United States -

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4. Luxembourg -

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3. Switzerland -

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3. Switzerland -

A shortage of new-built homes, coupled with higher migration rates, helped prices increase even more. As of 2024, a one-bedroom apartment in a city center will set you back $1,893 a month.

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2. Hong Kong (China) -

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1. Singapore -

Sources: (Love Money) (Numbeo)

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The most expensive countries to rent an apartment in

Do you live in one of these nations?

2 hours ago | StarsInsider

LIFESTYLE Money

The prices of rental properties have increased significantly over the past few years. A higher influx of people combined with a limited supply, as well as other factors, such as lack of government control over rental prices, has lead to an increase in demand and consequently, soaring prices. Overall, there doesn't seem to be just one factor at play that determines the rental property prices, but rather a combination of several.

But where exactly can you expect to pay a heft monthly rent for a one-bedroom apartment? This is exactly what you're about to find out. Click on and check out the ranking of the most expensive countries to rent.