In 2022, the most expensive residential rental market in Europe was Dublin with rental costs of approximately 32.3 euros per square meter. Paris and Oslo followed with rental costs of 28.5 and 25 euros per square meter, making them the most expensive residential rental markets after Paris. 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.
Average monthly residential rental cost per square meter in selected cities in Europe from 2019 to 2022
(in euros per square meter)
Characteristic
2021
2022
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
Exclusive Premium Statistic
To access all Premium Statistics, you need a paid Statista Account
Profit from the additional features of your individual account
Currently, you are using a shared account. To use individual functions (e.g., mark statistics as favourites, set
statistic alerts) please log in with your personal account.
If you are an admin, please authenticate by logging in again.
Learn more about how Statista can support your business.
Deloitte. (August 15, 2023). Average monthly residential rental cost per square meter in selected cities in Europe from 2019 to 2022 (in euros per square meter) [Graph]. In Statista. Retrieved July 22, 2024, from https://www.statista.com/statistics/793690/monthly-rent-cost-residential-eur-per-square-meter-europe-by-city/
Deloitte. "Average monthly residential rental cost per square meter in selected cities in Europe from 2019 to 2022 (in euros per square meter) ." Chart. August 15, 2023. Statista. Accessed July 22, 2024. https://www.statista.com/statistics/793690/monthly-rent-cost-residential-eur-per-square-meter-europe-by-city/
Deloitte. (2023). Average monthly residential rental cost per square meter in selected cities in Europe from 2019 to 2022 (in euros per square meter) . Statista. Statista Inc.. Accessed: July 22, 2024. https://www.statista.com/statistics/793690/monthly-rent-cost-residential-eur-per-square-meter-europe-by-city/
Deloitte. "Average Monthly Residential Rental Cost per Square Meter in Selected Cities in Europe from 2019 to 2022 (in Euros per Square Meter) ." Statista, Statista Inc., 15 Aug 2023, https://www.statista.com/statistics/793690/monthly-rent-cost-residential-eur-per-square-meter-europe-by-city/
Deloitte, Average monthly residential rental cost per square meter in selected cities in Europe from 2019 to 2022 (in euros per square meter) Statista, https://www.statista.com/statistics/793690/monthly-rent-cost-residential-eur-per-square-meter-europe-by-city/ (last visited July 22, 2024)
Average monthly residential rental cost per square meter in selected cities in Europe from 2019 to 2022 (in euros per square meter) [Graph], Deloitte, August 15, 2023. [Online]. Available: https://www.statista.com/statistics/793690/monthly-rent-cost-residential-eur-per-square-meter-europe-by-city/