Amsterdam, Rotterdam, The Hague, and Utrecht Among Top 10 Most Expensive EU Cities to Rent

Housing platform HousingAnywhere reveals Amsterdam as the priciest city to rent in the EU, with other Dutch cities also making the list.

The Dutch cities of Amsterdam, Rotterdam, The Hague, and Utrecht have been identified as some of the most expensive cities to rent in the European Union, according to the latest report from housing platform HousingAnywhere. Amsterdam, in particular, has been singled out as the most expensive city to rent in across the EU.

The International Rent Index by City for the first quarter of 2024, released by HousingAnywhere, focuses on 28 European cities and examines the rental prices of apartments, rooms, and studios. The study reveals an overall increase in rent of 3.8 percent across all cities, indicating a general trend of rising rental costs in various regions of the EU.

Despite a slight slowdown in rent increases, inflation continues to put pressure on European renters, according to HousingAnywhere. The company emphasizes the importance of collaboration between industry leaders and policymakers to address supply shortages and ensure the timely delivery of housing expansion plans.

In Amsterdam, the average monthly rent for an apartment is approximately 2,275 euros, while renting a studio costs around 1,740 euros per month and a room goes for 963 euros per month. These prices are significantly higher compared to other major European cities like Budapest, Valencia, and Athens, where rental rates are more affordable but still on the rise.

The report also highlights the consistent affordability challenges faced by cities like Amsterdam, Paris, The Hague, Munich, and Utrecht, which consistently rank among the top 10 most expensive cities for renting apartments, rooms, and studios in the EU.

The top 10 cities with the highest rental costs in the EU, according to the HousingAnywhere International Rent Index by City for Q1 2024, are as follows:

1. Amsterdam

2. Rome

3. Paris

4. Rotterdam

5. The Hague

6. Munich

7. Utrecht

8. Milan

9. Lisbon

10. Hamburg

The latest report from HousingAnywhere highlights the ongoing challenges faced by renters in European cities, particularly in terms of rising rental costs and supply shortages. Collaboration between stakeholders is crucial to addressing these issues and ensuring the long-term affordability of housing in the region.