The World’s Most Expensive Rental Market Is …

Feb 23, 2017

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.

About the author

Phil Hall

Link copied

Published

Feb 23, 2017

Industry News

UWM, UMortgage Under Attack For Alleged Shell Scheme

A report released on April 25 by the hedge-funded media company alleges UWM set up a shell company, UMortgage.

Just weeks after allegations against United Wholesale Mortgage (UWM) were published in an exposé-style report and a class action lawsuit, Hunterbrook Media is once again putting the Michigan lender under the spotlight. On Thursday, the hedge-funded media company published...

Analysis and Data

Homebuying Excitement Is Up Among Veterans

Survey results indicate optimism about housing market among U.S. veterans and service members

Our nation’s heroes are increasingly optimistic about buying homes, new research indicates. The amount of veterans and service members who plan to purchase a home in the next six months was up by 15 percentage points year-over-year, according to the Veterans Homebuying Re...