By Bea Patel, TLE Property Editor and Director of Shop for an Agent, the estate agent comparison site
It’s no secret that monthly rent costs in the capital are spiralling out of control. Tenants’ face the highest increase, as demand from them drives up the amount landlords are charging.
With the average London monthly rent priced at a staggering £1,515 (USD 2,363), one would wonder what this price could get you around the world. How does a chic rooftop apartment in Berlin sound? Or maybe a three bedroom villa with a private pool in Bali is more your cup of tea? Global real estate portal Lamudi explores rental opportunities around the world for a similar cost to the average monthly London rent.
For the same price, you could have your own private pool in Indonesia, a Central Park-adjacent apartment in New York City, or a Mexican mansion. Sounds tempting? Lamudi reveals what you can get.
LONDON, UK
£1,517 / $2,364 per month
Bedrooms: 0
Studio flat in Chelsea
First floor studio flat with separate kitchen and toilet, a short distance from South Kensington, Gloucester Road and Sloane Square tube stations.
TAMARIN, MAURITIUS
Modern, Mauritian masterpiece in Tamarin
£1,400 / $2,186
Bedrooms: 3
Leave studio life behind. It’s not for you. Rent 200 square meters of paradise on the western coast of Mauritius. You could make yourself at home among Tamarin’s picturesque hills, relax in the pool or just take in the joys of life from your own garden terrace – it’s a hard life.
BALI, INDONESIA
Three bedroom villa with a private pool
£1,397 / $2,182 per month
Bedrooms: 3
For the same price as a studio flat in central London, you could live in a stunning villa on the island of Bali. We know it’s a tough choice. The house is only a three-minute walk from the picture-perfect Sanur Beach, and you would even have your own pool.
SYDNEY, AUSTRALIA
Spacious apartment in the heart of Sydney
£1,510 / $2,354
Bedrooms: 2
Two key factors here: light and space. Added perks – more than one room, and all the restaurants and shopping facilities you could want right on your doorstep, which, additionally, is secured and monitored by a concierge.
NAIROBI, KENYA
Immaculate family home in Westlands
£1,498 / $2,339
Bedrooms: 4
From zero bedrooms to four, you won’t be short of space with this budget in Kenya. Four ensuites, ample parking, balcony and a functioning fireplace – everything you could need for a family home, all for less than a studio in central London.
BERLIN, GERMANY
Chic in the city
£1,179 / $1,838
Bedrooms: 1
For much less than the cost of a simple studio in London, why not rent a chic rooftop apartment in the upmarket area of Prenzlauer Berg in Berlin. Even the balcony (11 square meters) is bigger than most London apartments!
CEBU, THE PHILIPPINES
Brand new luxury condo in Cebu
£1,489 / $2,415
Bedrooms: 2
For less than the average monthly rent in London, you could be a tenant in a brand new, fully-furnished, luxury condominium in Cebu City. Tenancy includes membership to the Cebu City Sports Club, so there is no need to spend any of your hard-earned monthly income on an additional gym membership.
NEW YORK, USA
Pre-war studio apartment on the Upper East Side
£1,505 / $2,350
Bedrooms: 0
It may be small, but included in the price you get an Upper East Side address, only a few blocks from the famous Central Park. Unfortunately, despite the price tag, the building doesn’t include laundry services so you’ll have to take your washing elsewhere.
GALLE, SRI LANKA
Hilltop boutique bungalow with scenic views
£1,434 / $2,239
Bedrooms: 4
Who needs to be near three tube stations when you could be a 15-minute drive from a beach and a UNESCO World Heritage Site?
CHIHUAHUA, MEXICO
Everything you could need in Chihuahua
£1,527 / $2,381
Bedrooms: 5
Pay only slightly more than the average rent of a property in London, and go all out with an 800 square meter, five bedroom, four bathroom, family home in Mexico. Perks include a swimming pool, gym, jacuzzi, barbecue area and heated garage. Yes really.
Tempted?
Image Credit: Lamudi