More than 65,000 properties in 28 European countries were surveyed to crown the most expensive cities to rent in Europe. Conclusion? Amsterdam comes out on top at No. 1, where you pay €2,275 for an apartment, €963 for a room and €1,740 for a studio per month. But the Netherlands appears more often in the list. These are the ten most expensive European cities to rent.
HousingAnywhere, Europe's largest medium-term rental platform, this week released The International Rent Index by City. A ranking of European cities where you have to put down the most for a rental property. To do so, it looked at the average rents of apartments, rooms and studios. More than 65,000 in all. Conclusion? Amsterdam is the most expensive city in Europe to rent. On average, you pay €2,275 per month here for an apartment, €963 for a room and €1,740 for a studio. Rome is number two, where you pay an average of € 2,000 for an apartment, and Paris completes the top three (€ 1,862 for an apartment). Besides Amsterdam, Rotterdam (4), The Hague (5) and Utrecht (7) are also in the top ten when we talk about renting an apartment. In terms of rooms, the Netherlands does lead completely, where the top three consists of Amsterdam, Utrecht and The Hague.
On average, rents are up 3.8% compared to the first quarter of 2023, where studios show the highest increase at 4.4%. Apartments (3.9%) and rooms (3.2%) follow next. The International Rent Index by City analyzes price variations in rooms, 1 to 3 bedroom apartments and studios advertised on the platform. Of the more than 65,000 properties analyzed in 28 European cities, 98% are furnished and 62% include service charges.
Djordy Seelmann, CEO of HousingAnyhwere: "Despite recent improvements, inflation continues to put pressure on tenants' wallets. At the same time, rising construction costs pose a risk to cities' residential housing expansion plans. Industry leaders and policymakers must prioritize cooperation to ensure that supply expansion plans are implemented in a timely manner, as addressing supply shortages is critical to effectively reducing pressure on rental markets in Europe in the long term."
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