If you’ve ever dreamed of living in one of the world’s busiest, exciting or culturally engaging cities, you might also have formulated an idea about what kind of place you’d like to live in: perhaps an apartment that overlooks the Eiffel Tower in Paris, or a luxurious pad in one of the most exciting districts in Tokyo.
Unfortunately, your dreams and your budget might not exactly match the reality of rent in all of these cities. Factors such as cost of living in different countries, the country’s economic conditions, a shortage of space or shortage of apartments and inflated housing markets all contribute to the fact that rent prices in various cities in the world can wildly vary.
Interestingly, some economically significant cities such as Mexico City, Sao Paulo, Dubai and St. Petersburg can offer comfortably-sized apartments for those who are on a reasonable budget of $1,500 a month. Other cities, such as London, New York and Vancouver will most likely require those on the same budget to get a roommate, live in a small space or commute from well outside of the city center.
After searching for apartments for rent in various cities around the world, we were able to get an idea of what a $1,500 a month budget for rent will buy in some of the world’s most exciting and economically important cities.
10 Tokyo, Japan
9 Paris, France
8 Shanghai, China
7 London, United Kingdom
6 St. Petersburg, Russia
5 New York City area, United States
4 Sao Paulo, Brazil
3 Vancouver, Canada
2 Mexico City, Mexico
1 Dubai, United Arab Emirates
This rapidly growing city on the Persian Gulf has become a significant hub for business and culture in the Middle East. Dubai famously has some ambitious and luxurious housing developments including man-made islands and luxurious skyscrapers that probably aren’t accessible to those with a strict budget. However, on $1,500 per month, it is possible to find a new and modern one bedroom apartment with a private terrace and a closed kitchen that is a decent size (350 square meters) in a new building with security, parking and a shared pool. It might not be your own island, but it’s certainly still comfortable enough.
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