In the third quarter of 2023, Amsterdam was the most expensive city to rent a furnished one-bedroom apartment among the 23 leading European cities surveyed. At 2,300 euros per month, rent in Amsterdam was more than twice as high as in Brussels. Amsterdam was also the most expensive city to rent a private room in the third quarter of 2023.
One of the main factors driving high rents across European cities is the same as any other consumer-driven business. If demand outweighs supply, prices will inflate. The drive for high paid professionals to be located centrally in prime locations, mixed with the low levels of available space, high land, and construction costs all help keep rental prices increasing.
Average monthly rental cost of a furnished one-bedroom apartment in select European cities in 3rd quarter 2023
(in euros)
The source adds the following information: "About 94% (and 59%) of the listed properties were fully furnished (and included electricity and gas), geared towards servicing young professionals and students relocating across the borders."
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Housing Anywhere. (December 1, 2023). Average monthly rental cost of a furnished one-bedroom apartment in select European cities in 3rd quarter 2023 (in euros) [Graph]. In Statista. Retrieved September 20, 2024, from https://www-statista-com.ezproxy.canberra.edu.au/statistics/1084608/average-rental-cost-apartment-europe-by-city/
Housing Anywhere. "Average monthly rental cost of a furnished one-bedroom apartment in select European cities in 3rd quarter 2023 (in euros)." Chart. December 1, 2023. Statista. Accessed September 20, 2024. https://www-statista-com.ezproxy.canberra.edu.au/statistics/1084608/average-rental-cost-apartment-europe-by-city/
Housing Anywhere. (2023). Average monthly rental cost of a furnished one-bedroom apartment in select European cities in 3rd quarter 2023 (in euros). Statista. Statista Inc.. Accessed: September 20, 2024. https://www-statista-com.ezproxy.canberra.edu.au/statistics/1084608/average-rental-cost-apartment-europe-by-city/
Housing Anywhere. "Average Monthly Rental Cost of a Furnished One-bedroom Apartment in Select European Cities in 3rd Quarter 2023 (in Euros)." Statista, Statista Inc., 1 Dec 2023, https://www-statista-com.ezproxy.canberra.edu.au/statistics/1084608/average-rental-cost-apartment-europe-by-city/
Housing Anywhere, Average monthly rental cost of a furnished one-bedroom apartment in select European cities in 3rd quarter 2023 (in euros) Statista, https://www-statista-com.ezproxy.canberra.edu.au/statistics/1084608/average-rental-cost-apartment-europe-by-city/ (last visited September 20, 2024)
Average monthly rental cost of a furnished one-bedroom apartment in select European cities in 3rd quarter 2023 (in euros) [Graph], Housing Anywhere, December 1, 2023. [Online]. Available: https://www-statista-com.ezproxy.canberra.edu.au/statistics/1084608/average-rental-cost-apartment-europe-by-city/
