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The 19 most expensive cities in the world to rent a property

Do you have a spare €1,946 per month?

THE COST OF renting a property in some of the biggest cities in the world has been laid bare in the 2017 Rental Affordability Index.

The report from Nested, a UK startup that helps people sell their house, looks at the cost of renting — per square foot — in 72 cities worldwide, as well as what salary is required to foot the rental bill.

Nested works out these costs for both a single individual and a family of four.

Dublin ranks 23rd on this list, with rent in the capital coming in at €1.82 per square foot.

The average monthly rent for a single person is €764.21, with an annual income of €31,622.64 required.

For a family, it’s €1,450.04 per month, with an income of €60,001.83 required.

From Sydney to Singapore, scroll on to see the 19 most expensive cities in the world to rent a property.

All figures converted from sterling to euro on 17 February.

19. Melbourne, Australia

Melbourne Source: Үasser Alghofily via Flickr/CC

Rent per square foot: €1.97

Monthly rent for a single person: €826.49
Annual income needed for a single person: €34,199.83

Monthly rent for a family: €1,568.22
Annual income needed for a family: €64,891.84

18. Paris, France

Paris Source: Moyan_Brenn via Flickr/CC

Rent per square foot: €2.05

Monthly rent for a single person: €860.59
Annual income needed for a single person: €35610.69

Monthly rent for a family: €1,632.92
Annual income needed for a family: €67,568.91

17. Amsterdam, Netherlands

Amsterdam Source: Moyan_Brenn via Flickr/CC

Rent per square foot: €2.12

Monthly rent for a single person: €888.32
Annual income needed for a single person: €36,758.14

Monthly rent for a family: €1685.54
Annual income needed for a family: €69,746.31

16. Vancouver, Canada

Downtown Vancouver Sunset Source: MagnusL3D via Flickr/CC

Rent per square foot: €2.12

Monthly rent for a single person: €909.24
Annual income needed for a single person: €37,623.59

Monthly rent for a family: €1,725.22
Annual income needed for a family: €71,388.25

15. Tokyo, Japan

Tokyo Source: Moyan_Brenn via Flickr/CC

Rent per square foot: €2.19

Monthly rent for a single person: €918.33
Annual income needed for a single person: €37,999.74

Monthly rent for a family: €1742.47
Annual income needed for a family: €72,102.07

14. Copenhagen, Denmark

Copenhagen Source: Moyan_Brenn via Flickr/CC

Rent per square foot: €2.21

Monthly rent for a single person: €927.42
Annual income needed for a single person: €38,376.02

Monthly rent for a family: €1,759.72
Annual income needed for a family: €72,816.03

13. Chicago, USA

Chicago Source: romanboed via Flickr/CC

Rent per square foot: €2.33

Monthly rent for a single person: €978.34
Annual income needed for a single person: €40,482.93

Monthly rent for a family: €1,856.33
Annual income needed for a family: €76,813.73

12. Miami, USA

Miami BlueS Source: kud4ipad via Flickr/CC

Rent per square foot: €2.66

Monthly rent for a single person: €1,115.18
Annual income needed for a single person: €46,145.23

Monthly rent for a family: €2,115.98
Annual income needed for a family: €87,557.67

11. London, UK

London-10 Source: Martin Hesketh via Flickr/CC

Rent per square foot: €2.68

Monthly rent for a single person: €1,123.36
Annual income needed for a single person: €46,483.88

Monthly rent for a family: €2,131.50
Annual income needed for a family: €88,200.15

10. Los Angeles, USA

Downtown Los Angeles Source: Kevitivity via Flickr/CC

Rent per square foot: €2.68

Monthly rent for a single person: €1,125.18
Annual income needed for a single person: €46,559.14

Monthly rent for a family: €2,134.95
Annual income needed for a family: €88,342.97

9. Zurich, Switzerland

Zurich, Switzerland Source: szeke via Flickr/CC

Rent per square foot: €2.73

Monthly rent for a single person: €1,145.18
Annual income needed for a single person: €47,386.82

Monthly rent for a family: €2,172.91
Annual income needed for a family: €89,913.43

8. Sydney, Australia

Sydney Source: Corey Leopold via Flickr/CC

Rent per square foot: €2.74

Monthly rent for a single person: €1,150.18
Annual income needed for a single person: €47,593.71

Monthly rent for a family: €2,182.40
Annual income needed for a family: €90,306.08

7. Geneva, Switzerland

Geneva Source: ITU Pictures via Flickr/CC

Rent per square foot: €2.89

Monthly rent for a single person: €1,212.01
Annual income needed for a single person: €50,152.16

Monthly rent for a family: €2,299.71
Annual income needed for a family: €95,160.56

6. Washington D.C., USA

Washington D.C. - Capital Building Dome Source: David Paul Ohmer via Flickr/CC

Rent per square foot: €3.11

Monthly rent for a single person: €1306.12
Annual income needed for a single person: €54,046.20

Monthly rent for a family: €2,478.27
Annual income needed for a family: €102,549.14

5. Singapore, Singapore

Singapore Source: DaveR1988 via Flickr/CC

Rent per square foot: €3.12

Monthly rent for a single person: €1,311.12
Annual income needed for a single person: €54,253.09

Monthly rent for a family: €2,487.76
Annual income needed for a family: €102,941.79

4. Dubai, UAE

Dubai Sunset Source: the_dead_pixel via Flickr/CC

Rent per square foot: €3.30

Monthly rent for a single person: €1,386.13
Annual income needed for a single person: €57,357.07

Monthly rent for a family: €2,630.09
Annual income needed for a family: €108,831.40

3. Hong Kong, Hong Kong

Hong Kong Source: BarbaraWilli via Flickr/CC

Rent per square foot: €3.59

Monthly rent for a single person: €1,506.60
Annual income needed for a single person: €62,342.20

Monthly rent for a family: €2,858.68
Annual income needed for a family: €118,290.24

2. New York City, USA

New York City Source: aurélien. via Flickr/CC

Rent per square foot: €4.44

Monthly rent for a single person: €1,865.30
Annual income needed for a single person: €77,184.70

Monthly rent for a family: €3,539.28
Annual income needed for a family: €146,452.89

1. San Francisco, USA

San Francisco Sunrise - HDR Source: freestock.ca ♡ dare to share beauty via Flickr/CC

Rent per square foot: €4.64

Monthly rent for a single person: €1,946.22
Annual income needed for a single person: €80,533.20

Monthly rent for a family: €3,692.82
Annual income needed for a family: €152,806.49

- Alison Millington

Read: Landlords will have to provide an oven, fridge and microwave under new rules >

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