Here's how much it costs to rent a 1-bedroom apartment across 10 major cities in Asia
Renting a place is a big financial decision, especially when choosing to live in a major city where price tags are particularly hefty.
The general rule of thumb is to spend no more than approximately 30% of your pre-tax income on rent, according to financial experts.
Based on data gathered in April from various government websites and large real estate marketplaces in each country, researchers at the Global Property Guide compiled a list of median rental prices across several major cities in Asia.
The numbers listed below are based on the median buying price per square meter and the median monthly rental price for a 1-bedroom apartment in the most expensive region within each respective city:
Median rent for a 1-bedroom: $481
Buying price per square meter: $3,882
Median rent for a 1-bedroom: $688
Buying price per square meter: $2,280
Median rent for a 1-bedroom: $698
Buying price per square meter: $1,726
Median rent for a 1-bedroom: $735
Buying price per square meter: $3,903
Median rent for a 1-bedroom: $805
Buying price per square meter: $3,813
Median rent for a 1-bedroom: $816
Buying price per square meter: $17,551
Median rent for a 1-bedroom: $1,080
Buying price per square meter: $6,485
Median rent for a 1-bedroom: $1,216
Buying price per square meter: $8,837
Median rent for a 1-bedroom: $2,173
Buying price per square meter: $25,802
Median rent for a 1-bedroom: $4,590
Buying price per square meter: $16,619
In 2023, Asia's housing market faced a downturn amid weakening economic growth and the inflationary environment, according to a report by Global Property Guide.
"Hong Kong's housing market woes continue, amidst [a] struggling economy," as residential construction activity in the region fell by more than 34% year-over-year and