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Home>This is how far $1,500 goes when apartment hunting in the world's 'most magnetic' cities

This is how far $1,500 goes when apartment hunting in the world's 'most magnetic' cities

This is how far $1,500 goes when apartment hunting in the world's 'most magnetic' cities

09/28/2017

By Shawn Langlois, MarketWatch

Seven tiny Manhattan apartments can theoretically fit into a similarly priced spot in Istanbul

These days, $1,500 doesn't go nearly as far as it used to.

But while finding a decent place to lay your head in New York and San Francisco at that price level is getting increasingly difficult, some of the world's top cities still offer relatively affordable rents.

Apartment hunting website RentCafe.com took a look at the "most magnetic" cities (http://mori-m-foundation.or.jp/english/ius2/gpci2/index.shtml), as determined by the Mori Memorial Foundation, to find out what kind of digs you might expect for $1,500 a month (https://sf.curbed.com/2017/9/25/16361618/san-francisco-sf-rent-cities).

The study ranked cities using six main criteria: economy, research & development, cultural interaction, livability, environment, and accessibility.

Here's the global view of the top 30:

As you'd expect, there are some stark differences.

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