Housing rental in Europe from EUR 470 to 3,350 — the most expensive and cheapest cities
Housing remains the largest expense item for households in the European Union. According to Eurostat, together with utilities, it accounts for almost 23.6% of household expenses, reports Euronews.
The greatest financial burden falls on renters in major European capitals, where prices vary significantly depending on the city and country.
Price gap: from Skopje to Geneva
According to Eurostat data, among 40 cities in 38 European countries, the average monthly rent for a two-room apartment ranges from EUR 470 in Skopje to EUR 3350 in Geneva.
London is the only capital where the average rent exceeds 3000 euros — about 3050 euros (approximately 2650 pounds sterling). This is the second highest figure among all surveyed cities.
Rent also exceeds 2500 euros in Dublin (2650 euros), Stockholm (2650 euros), and Oslo (2550 euros). Dublin and Stockholm are the most expensive EU capitals for renters.
The most expensive major EU cities
Among the largest EU economies, Paris has the highest average rent — 2500 euros.
For comparison:
- Berlin — 1750 euros
- Madrid — 1700 euros
- Rome — 1650 euros
Rent above 2000 euros is also recorded in Copenhagen, Luxembourg, and Reykjavik (2350 euros each), as well as in The Hague (2150 euros), Bern (2150 euros), and Munich (2050 euros).
Lisbon, Prague, Vienna, Zagreb, Helsinki, and Athens fall within the 1500–1750 euro range.
Where rent is cheapest
The lowest prices are recorded in Eastern and Southeastern Europe. After Skopje, some of the cheapest cities are:
- Pristina — about 520 euros
- Ankara — 770 euros
- Sofia — 900 euros
- Nicosia — 910 euros
- Tirana — 920 euros
- Bucharest — 930 euros
Also below 1300 euros remain Belgrade, Sarajevo, Riga, Tallinn, Vilnius, Warsaw, and Budapest.
Brussels — the "middle" of the ranking
The EU capital Brussels has an average rent of about 1450 euros, ranking 22nd among 40 cities and roughly in the middle of the ranking.
Why prices differ so much
Experts explain the difference by the local nature of housing markets. In cities like London, Geneva, or Stockholm, demand is driven by well-paid workers, international companies, and students, while housing supply grows more slowly.
Income levels, migration flows, rising construction costs, and increased interest rates, which have complicated home buying and increased rental demand, also have an impact.
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