Have you ever dreamed of packing a bag and starting over in the hustle and bustle of New York City? Or spending your golden years in the Hawaiian paradise of Honolulu? Sadly, dreams are getting harder to afford. The rental markets in these coveted cities have skyrocketed in recent years, contributing to cost-of-living crises breaking out across the globe.
To calculate just how expensive it is to rent in each city, Numbeo came up with the Cost of Rent Index. According to their website, "This index estimates the prices of renting apartments in a city compared to New York City. If the rent index is 80, it suggests that the average rental prices in that city are approximately 20% lower than those in New York City." For reference, the Point2 real estate agency estimates that an average NYC apartment goes for US$5,284 per month.
In this gallery, you'll find the 30 cities that score highest on the Cost of Rent Index. Click through to see the world’s priciest rental markets and what they offer.