Looking to Live in Europe? Here Are the Most Expensive Cities for Rent

The cost of renting in some of Europe’s major cities is soaring, with London leading the pack, reaching record-high rental prices.

According to Rightmove and Euronews, the average rent in London hit £2,694 (€3,220) per month, an increase of 2.5% compared to last year.

London’s high rents are a reflection of economic factors like rising mortgage rates and maintenance costs.

How Does London Compare?

Despite London’s staggering prices, it is not alone in Europe when it comes to sky-high rents.

German data analytics company Statista examined the rental costs in 23 major European cities and revealed that Amsterdam is the priciest city for a one-bedroom furnished apartment, with average monthly rents of €2,275.

Although expensive, Amsterdam is still nearly €1,000 cheaper than London.

After Amsterdam, Rome and Paris rank as two of the most expensive cities for renters. Renting in Rome costs around €2,000 per month, while living in Paris comes with a price tag of €1,862.

Dutch Cities Dominate the List

Other Dutch cities like Rotterdam, Utrecht, and The Hague also make the top 10 list of priciest rental markets.

In Rotterdam, renters pay around €1,795 per month, while The Hague and Utrecht follow closely with rents around €1,790 and €1,746 respectively.

Munich, Germany’s cultural hub, also ranks high with rents averaging €1,770 a month.

Affordable Alternatives

If you’re looking for more budget-friendly cities, Budapest, Athens, and Turin offer more affordable rents. Budapest is the most affordable among the cities studied, with an average rent of €950 per month. Athens follows at €1,000, and Turin is slightly higher at €1,100.

These cities provide more affordable alternatives while still offering vibrant urban life.

The Most Expensive Cities to Rent:

• London, UK: €3,220 (record high)

• Amsterdam, Netherlands: €2,275

• Rome, Italy: €2,000

• Paris, France: €1,862

• Rotterdam, Netherlands: €1,795

• The Hague, Netherlands: €1,790

• Munich, Germany: €1,770

• Utrecht, Netherlands: €1,746