Monthly rent per square meter in Europe 2022-2023, by city

In 2023, the most expensive residential rental market in Europe was London (inner) with rental costs of approximately 33.8 euros per square meter.  Dublin and Paris followed with rental costs of 31.5 and 31.3 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 500 euros monthly (Budapest) and 2,000 euros (Amsterdam) per month. For afurnished one-bedroom apartment in Paris, France, one may be expected to pay on average 1,900 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 fourth quarter of 2021, Finland, Italy, and Belgium had the lowest house price to rent ratio, meaning that buying a house was most affordable there compared to renting.