- Deutsche Bank released its annual "Mapping the World's Prices" report, highlighting the average monthly rent for a typical two-bedroom apartment.
- Hong Kong is the world's most expensive city to rent a two-bed apartment in, while San Francisco is the most expensive in the US.
- Four US cities ranked in the top 25 most expensive cities to rent in.
- Visit BusinessInsider.com for more stories.
If you're looking to save money on housing, you probably shouldn't live in Hong Kong.
It's home to the world's most expensive rent, according to Deutsche Bank's 2019 edition of its annual "Mapping the World's Prices" report. The report highlights the cost of living in 50 global cities, including the average monthly rent for a typical two-bedroom apartment. To determine this specific data, the report sourced prices from Expatistan, a site that tracks cost-of-living expenses in over 200 countries.
Hong Kong and San Francisco are the only two cities on the list where the average two-bedroom rent exceeds $3,000. San Francisco is one of four US cities that make the list of the top 25 global cities with the most expensive rent, along with New York, Boston, and Chicago.
Worldwide, rent in Dubai saw the biggest decline from the past year, while rent in Frankfurt, Tokyo, and Zurich saw the biggest rent increases.
Below: See the the most expensive cities in the world to rent a two-bedroom apartment. All monthly average rent is in US dollars, and the percentage change refers to the increase or decrease in rent from 2018 to 2019.
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25. Milan, Italy
Monthly rent: $1,395
Percentage change: 5%
24. Shanghai, China
Monthly rent: $1,432
Percentage change: 7%
23. Frankfurt, Germany
Monthly rent: $1,471
Percentage change: 12%
22. Stockholm, Sweden
Monthly rent: $1,484
Percentage change: -4%
21. Chicago, US
Monthly rent: $1,527
Percentage change: 7%
20. Auckland, New Zealand
Monthly rent: $1,533
Percentage change: -7%
19. Vancouver, Canada
Monthly rent: $1,556
Percentage change: -3%
18. Dubai, UAE
Monthly rent: $1,576
Percentage change: -12%
17. Wellington, New Zealand
Monthly rent: $1,581
Percentage change: -1%
16. Toronto, Canada
Monthly rent: $1,602
Percentage change: 7%
15. Helsinki, Finland
Monthly rent: $1,612
Percentage change: -7%
14. Oslo, Norway
Monthly rent: $1,808
Percentage change: -7%
13. Copenhagen, Denmark
Monthly rent: $1,809
Percentage change: -2%
12. Amsterdam, Netherlands
Monthly rent: $1,854
Percentage change: -1%
11. Singapore
Monthly rent: $1,893
Percentage change: -4%
10. Tokyo, Japan
Monthly rent: $1,903
Percentage change: 9%
9. Sydney, Australia
Monthly rent: $1,969
Percentage change: -4%
8. Dublin, Ireland
Monthly rent: $2,018
Percentage change: -1%
7. Boston, US
Monthly rent: $2,201
Percentage change: 2%
6. London, UK
Monthly rent: $2,338
Percentage change: -3%
5. Paris, France
Monthly rent: $2,455
Percentage change: -1%
4. Zurich, Switzerland
Monthly rent: $2,538
Percentage change: 9%
3. New York City, US
Monthly rent: $2,909
Percentage change: 2%
2. San Francisco, US
Monthly rent: $3,631
Percentage change: -1%
1. Hong Kong
Monthly rent: $3,685
Percentage change: -1%
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