The World’s Most Expensive Rental Market Is …

When it comes to paying monthly rent for a residence, the U.S. offers four of the world’s 10 most expensive rental markets.

 

According to a new study of 87 global cities by the British property firm Nested, San Francisco offered the world’s most expensive rental market, where the monthly rent for a single person averages roughly $2,100 and the monthly rent for a family averages nearly $4,000. New York City came in second, where the monthly rent for a single person averages approximately $2,000 and the monthly rent for a family averages approximately $3,800. In comparison, third-place Hong Kong seems like a haven for affordable housing: its monthly rent for a single person averages about $1,600 while the monthly rent for a family averages slightly under $3,100.

 

Rounding out this pricey top 10 global rental list were Dubai, Singapore, Washington, D.C., Geneva, Sydney, Zurich and Los Angeles.