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Top 5 Most Expensive European Cities to Rent a Two-Bedroom Apartment

03/12/2019

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Whether it’s for a small family, single roommates or a bachelor desiring a spare room, two-bedroom apartments offer more possibilities and are a luxury when matched with one-bedroom apartments.

Renting has been favoured amongst a majority of Europeans since the Second World War, however, the concept is still challenging to certain countries like the United Kingdom where locals struggle to adopt the trend. Germans are familiar with renting where only 39 per cent of the population own the homes that they live in compared with about 60 per cent in Britain.

Analysing 2019 Cross-Discipline Thematic Research from Deutsche Bank Research, you can discover the average rental cost across international cities. Europe is home to diverse cities that each hold their own unique charm and challenges. With population growth and job relocations, some cities have a higher demand than others. Counting salaries into the equation, the cities that prove to be more attractive than others have a high demand resulting in higher rental prices.  

Below: See the Top 5 most expensive European cities to rent a two-bedroom apartment. The monthly average 2019 figures are presented in US dollars and the percentage relates to the change from 2018. 

5. Amsterdam
Monthly rent: $1,854
Percentage change: -1%

The Dutch capital, known for its charming canals, houses one of the largest expat communities worldwide. To call this global city home, be prepared to pay a hefty bill. There are several reasons why people move to Amsterdam as the city remains attractive predominantly due to its de facto English status and its presence of large international headquarters. The high demand for living spaces won’t be calming down any time soon.

4. Dublin
Monthly rent: $2,018
Percentage change: -1%

Housing affordability was assessable for generations before the Irish economic downturn. Many Irish took affordable housing for granted during the strong economic times when Ireland had one of the world’s highest rates of homeownership. Despite Dublin’s Celtic charisma and its housing of European headquarters, the prices still don’t justify the demand. The Irish government estimates that 30,000 to 35,000 new housing units are needed annually which currently isn’t being met. 

3. London
Monthly rent: $2,338
Percentage change: -3%

Arguably the capital of the world, London has never offered its status at an affordable rate. The greater London area is home to near 10 million inhabitants who have all made the decision to call this metropolitan hub home. Notorious for lacking quality whilst demanding cost, expect to make the long commute into town if you do settle for cheaper options. London will remain a global hotspot but maybe things are likely to slightly shift when Brexit takes effect. A recent report by KPMG suspects London is likely to be most negatively impacted by a no-deal Brexit with prices expected to fall by as much as 7%.

2. Paris
Monthly rent: $2,455
Percentage change: -1%

Paris, the city of love but not very romantic when it comes to paying rent. The relationship Parisians have with their city is personal but indeed not cheap. The high rental prices are not a surprise as Paris has been a popular destination for centuries. In 2018, the city accommodated 19.10 million overnight visitors, falling second to Bangkok at 22.78 millionSo long as Paris remains an important capital in a wealthy centralised nation, rent will continue to burn pockets. 

1. Zurich
Monthly rent: $2,538
Percentage change: +9%

Zurich offers the perfect combination of modern living with a historic small-town charm. Zurich is a hotspot for expats and performs well across global standard of living rankings. Housing in Switzerland was 73.9% higher than the European Union’s average in 2018 and figures show there will be no change in the coming years. Switzerland’s high salaries and social benefits help its citizens accustom to the expensive lifestyle, however, if you are moving to Switzerland it might come as a shock. 

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