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Oct 14, 2006

Huge Moscow Rents

A few months back we talked about Moscow being the world's most expensive city to live in. That's a bit scary, because sooner or later it'll be one of the most expensive cities to travel to. Here's some hard facts that came out in the Moscow News this week: the cheapest one-room apartment in Moscow rents for $600 a month, and the larger flats typically rented by ex-pats start at around $2000 a month. The main problem is that demand is drastically outstripping supply - they say that for "economy level" apartments, there are five prospective tenants for every available flat. If you have extra deep pockets, you can rent an apartment at up to $25,000 a month. Unbelievable, right? So I still recommend the best way to see Moscow is to help a local out with their rent, by homestaying.