SpendVerdict

City rankings · Global

Most affordable cities for renters globally

Ranked by the share of gross income the typical renter spends on a 1-bedroom apartment. Lower is better — it means more of your paycheck stays with you.

Why rent-to-income, not absolute rent?

A city with high absolute rents can still rank as affordable if local wages are high enough to compensate. Seattle and Zurich, for example, have expensive apartments in dollar or franc terms — but strong tech and finance salaries mean renters there may dedicate a smaller share of their income than someone in Lisbon paying far less in euros. This ranking strips away currency and cost-of-living noise by measuring what fraction of gross income rent actually consumes.

1

Seoul

Median rent 1,000,000/mo · Need 40,000,000/yr

23%

Comfortable

2

🇦🇹Vienna

Median rent 1,200/mo · Need 48,000/yr

24%

Comfortable

3

Oslo

Median rent kr14,500/mo · Need kr580,000/yr

25%

Manageable

4

🇸🇬Singapore

Median rent S$3,800/mo · Need S$152,000/yr

26%

Manageable

5

Bangalore

Median rent 32,000/mo · Need 1,280,000/yr

26%

Manageable

6

🇩🇪Berlin

Median rent 1,250/mo · Need 50,000/yr

27%

Manageable

7

🇨🇭Zurich

Median rent CHF2,700/mo · Need CHF108,000/yr

27%

Manageable

8

🇦🇪Dubai

Median rent AED7,500/mo · Need AED300,000/yr

27%

Manageable

9

🇺🇸Seattle

Median rent $2,300/mo · Need $92,000/yr

28%

Manageable

10

Stockholm

Median rent kr14,000/mo · Need kr560,000/yr

28%

Manageable

11

Copenhagen

Median rent kr10,000/mo · Need kr400,000/yr

28%

Manageable

12

🇧🇪Brussels

Median rent 1,100/mo · Need 44,000/yr

28%

Manageable

13

Tokyo

Median rent ¥130,000/mo · Need ¥5,200,000/yr

28%

Manageable

14

🇺🇸San Francisco

Median rent $2,900/mo · Need $116,000/yr

30%

Manageable

15

🇺🇸Chicago

Median rent $1,900/mo · Need $76,000/yr

30%

Manageable

16

🇺🇸Austin

Median rent $2,000/mo · Need $80,000/yr

30%

Manageable

17

🇺🇸Denver

Median rent $1,900/mo · Need $76,000/yr

30%

Manageable

18

🇺🇸Atlanta

Median rent $1,700/mo · Need $68,000/yr

30%

Manageable

19

🇳🇱Amsterdam

Median rent 1,900/mo · Need 76,000/yr

30%

Manageable

20

🇦🇺Melbourne

Median rent A$2,300/mo · Need A$92,000/yr

32%

Manageable

21

Shanghai

Median rent ¥7,000/mo · Need ¥280,000/yr

32%

Manageable

22

🇪🇸Madrid

Median rent 1,450/mo · Need 58,000/yr

33%

Manageable

23

🇮🇹Milan

Median rent 1,500/mo · Need 60,000/yr

33%

Manageable

24

🇺🇸Boston

Median rent $2,900/mo · Need $116,000/yr

34%

Manageable

25

Warsaw

Median rent 3,800/mo · Need 152,000/yr

34%

Manageable

26

Mexico City

Median rent MX$12,000/mo · Need MX$480,000/yr

34%

Manageable

27

🇨🇦Toronto

Median rent CA$2,400/mo · Need CA$96,000/yr

35%

Stretch

28

🇫🇷Paris

Median rent 1,600/mo · Need 64,000/yr

35%

Stretch

29

🇦🇺Sydney

Median rent A$2,900/mo · Need A$116,000/yr

35%

Stretch

30

🇮🇹Rome

Median rent 1,100/mo · Need 44,000/yr

36%

Stretch

31

Prague

Median rent 26,000/mo · Need 1,040,000/yr

36%

Stretch

32

São Paulo

Median rent R$3,500/mo · Need R$140,000/yr

37%

Stretch

33

🇺🇸New York

Median rent $3,200/mo · Need $128,000/yr

38%

Stretch

34

🇺🇸Los Angeles

Median rent $2,700/mo · Need $108,000/yr

38%

Stretch

35

🇨🇦Vancouver

Median rent CA$2,700/mo · Need CA$108,000/yr

38%

Stretch

36

🇪🇸Barcelona

Median rent 1,450/mo · Need 58,000/yr

38%

Stretch

37

🇮🇪Dublin

Median rent 2,400/mo · Need 96,000/yr

38%

Stretch

38

Mumbai

Median rent 40,000/mo · Need 1,600,000/yr

38%

Stretch

39

Buenos Aires

Median rent $220,000/mo · Need $8,800,000/yr

40%

Stretch

40

🇬🇧London

Median rent £2,100/mo · Need £84,000/yr

41%

Stretch

41

🇺🇸Miami

Median rent $2,500/mo · Need $100,000/yr

42%

Stretch

42

Hong Kong

Median rent HK$18,000/mo · Need HK$720,000/yr

42%

Stretch

43

🇵🇹Lisbon

Median rent 1,650/mo · Need 66,000/yr

46%

Risky

How to read this

The % shows the median rent-to-income ratio for renters in each city — based on gross income and typical 1-bedroom rent. Under 25% is comfortable, 25–35% is manageable, 35–45% is a stretch, 45%+ is risky. Click any city for the full breakdown and to check your own salary against local benchmarks.

Also explore

Most affordable cities in Europe →Most affordable US cities for renters →Most expensive cities for renters →