What does it cost to rent a 1-bedroom apartment across 🇪🇺 Europe?
In London, the median asking rent has reached €3,460 per month. That is €740 more than Zurich and over €1,000 more than Amsterdam.
Several other markets have now moved above €1,500:
London: €3,460
Zurich: €2,720
Amsterdam: €2,275
Reykjavik: €2,150
Dublin: €2,000
Copenhagen: €1,865
Madrid: €1,590
Oslo: €1,555
Lisbon: €1,500
Milan: €1,500
But geography does not always predict price. A 1-bedroom apartment costs around €1,500 in both Lisbon and Milan, while Madrid (€1,590) is more expensive than Berlin (€1,050), Vienna (€1,200), and Stockholm (€1,200).
Reason? Germany, Austria and Sweden has introduced rent controls.
Rents remain far lower across Central and Eastern Europe, from €820 in Warsaw and €750 in Riga to €500 in Chisinau and just €280 in Skopje.
That means renting a 1-bedroom apartment in London costs €3,180 more per month than in Skopje - a difference of over €38,000 per year.
Which European city feels the most overpriced or underpriced today?