Finding affordable yet liveable homes has become a key issue for foreigners wishing to relocate, temporarily or permanently, since the cost of living in many parts of the world is increasing. Fortunately, you have many choices when locating a residence or rental that will not break the bank. In this article, we will discuss the ten countries with the cheapest apartments in the world.
Egypt
The allure of Egypt’s thriving bazaars and ancient pyramids is complemented by its extraordinarily low cost of living, making it a magnet for those drawn to its historical and cultural offerings. Egypt is one of the countries with cheap housing compared to many Western countries. Egypt offers simple yet comfortable accommodations available at modest prices, particularly outside major tourist centers like Alexandria and Cairo.
Due to favorable exchange rates, Egypt ranks among the cheapest apartments in the world, allowing foreigners to live relatively comfortably despite a standard of living that may differ from what Western expats are accustomed to. For instance, monthly rent for a one-bedroom apartment can be as low as $150, while a two-bedroom apartment is around $300, offering affordable options for those adventurous enough to embrace a lifestyle rich in history.
| Type | Average price/m2 | Average rent price |
| 1-bedroom apartment | $160 | $150 per month |
| 2-bedroom apartment | $400 | $300 per month |
Ghana
Known for its deep cultural heritage, friendly people, and stable political system, the Republic of Ghana is a beacon of democracy and peace in Africa. Its productive economy, forests, peaceful beaches, and vibrant cities set it apart from other regions. With no loss in quality of life, Ghana is one of the cheapest places to rent in the world.
Ghana presents an enticing alternative for individuals seeking to maximize their financial resources while upholding a preferred lifestyle because both foreigners and locals enjoy a higher standard of living at a reduced cost. Ghana has one of the cheapest apartments in the world that doesn’t compromise on quality of life, with monthly rentals for a one-bedroom apartment costing $150 and a two-bedroom apartment costing $300.
| Type | Average price/m2 | Average rent price |
| 1-bedroom apartment | $200 | $150 per month |
| 2-bedroom apartment | $400 | $300 per month |
Bangladesh
Bangladesh is an appealing destination with its rich culture, lively festivals, and the world’s largest mangrove forest. Compared to Western countries, rental charges in densely populated cities like Dhaka and Chittagong are one of the cheapest places to rent in the world. Even more affordable housing options can be found in the country, which frequently has peaceful surroundings and stunning scenery. Notably, Bangladesh offers the cheapest apartments in the world, making it possible to live frugally without sacrificing accessibility.
Furthermore, the nation is constantly strengthening public services and infrastructure, which provides inhabitants with more convenience at a lower cost. A one-bedroom apartment usually costs approximately $170 per month to rent, but a two-bedroom apartment usually costs about $250.
| Type | Average price/m2 | Average rent price |
| 1-bedroom apartment | $200 | $170 per month |
| 2-bedroom apartment | $400 | $250 per month |
Pakistan
Pakistan is desirable for anyone searching for high-quality accommodation with some of the most reasonably priced living spaces. In large cities such as Karachi, Lahore, and Islamabad, tenants have access to a wide range of apartment choices that suit different budgetary constraints, guaranteeing a comfortable lifestyle in one of the cheapest apartments in the world. Furthermore, the possibility of owning real estate in Pakistan offers even more financial benefits, luring people looking for a house or an investment with high potential returns of 5 to 7%.
Pakistan is a popular travel destination for both foreigners and Pakistanis due to its friendly hospitality and promotion of a lifestyle that skilfully combines traditional values with contemporary amenities. Pakistan is among the countries with cheap housing that is appealing to foreigners looking to live or invest somewhere that provides a satisfying living without going over budget. A one-bedroom apartment can be rented for as little as $200, while a two-bedroom apartment costs $800 monthly.
| Type | Average price/m2 | Average rent price |
| 1-bedroom apartment | $190 | $200 per month |
| 2-bedroom apartment | $450 | $800 per month |
Venezuela
Venezuela has one of the cheapest apartments in the world, owing to its severe economic crisis and complex political landscape. This situation has significantly reduced property costs, presenting potentially exceptional opportunities for investors who proceed cautiously and perform thorough due diligence to grasp the local conditions. While real estate prices are notably low, varying by location, amenities, and property condition, particularly in urban areas like Caracas, Venezuela’s allure is growing. Its famous landmarks, including the Caribbean coast and the Andes Mountains, attract more residents.
However, the country’s enduring economic instability and fluctuating currency rates create a challenging environment for those interested in investing in inexpensive housing. Notably, the monthly rent varies economically, with a one-bedroom apartment costing about $200 and a two-bedroom apartment around $800, which makes it some of the cheapest apartments in the world.
| Type | Average price/m2 | Average rent price |
| 1-bedroom apartment | $300 | $200 per month |
| 2-bedroom apartment | $1000 | $800 per month |
Cambodia
Cambodia’s capital city, Phnom Penh, is a great area for expats to live in because it combines a rich historical culture with an affordable cost of living. Cambodia offers one of the cheapest apartments in the world and is recognized for its majestic temples. The cost-effectiveness of dining out and using other facilities is comparable, highlighting the benefits of visiting Phnom Penh overall.
The cost of lodging is quite inexpensive; two-bedroom flats rent for about $600 a month, and one-bedroom apartments start at $200. For foreign nationals considering staying longer, a valid passport and evidence of sufficient cash are needed to get a work permit, which is renewed after a year. For those who want to experience Cambodia’s enticing combination of natural and cultural wealth while living comfortably and affordably, Phnom Penh is a desirable alternative with some of the cheapest apartments in the world.
| Type | Average price/m2 | Average rent price |
| 1-bedroom apartment | $400 | $200 per month |
| 2-bedroom apartment | $1500 | $600 per month |
Italy
Italy is an attractive option for travelers and those considering buying property or a longer stay because of its affordable prices, ancient charm, and prestigious educational standing. Famous for being the home of the esteemed University of Pisa, the city is rich in history and has a lot to offer visitors, including lively art galleries and historic archaeological sites. Its well-functioning public transport system makes exploring simple, and the Centro Storico’s weekly markets welcome both locals and tourists to enjoy the fresh local produce.
Italy has some of the cheapest apartments in the world with beaches, drawing large groups of people looking for sun and water. For $250 a month, a one-bedroom apartment is incredibly cheap, but a well-appointed two-bedroom apartment in Rome with contemporary features like air conditioning and a balcony can be rented for about $853 a month. These features, along with the friendly, open citizens, make it a desirable travel destination for anyone hoping to experience Italian culture without going over budget and looking for the cheapest apartments in the world.
| Type | Average price/m2 | Average rent price |
| 1-bedroom apartment | $1000 | $250 per month |
| 2-bedroom apartment | $2000 | $853 per month |
Costa Rica
Costa Rica stands as a beacon for expatriates in Central America, celebrated for its striking natural beauty that spans from beaches to rainforests. The city of Atenas has emerged as a favorite among expats due to its peaceful ambiance, hospitable residents, and value for money it offers in terms of living expenses, making it one of the locations with the cheapest apartments in the world. A modest one-bedroom apartment can be rented for as little as $300 per month, and a two-bedroom apartment can cost $600 per month.
To settle in this paradise, foreigners must navigate Costa Rica’s immigration system to obtain a residency permit from the National Immigration Office, prove financial stability, and hold a valid passport. Valid for a year and renewable, this permit is a key step for anyone looking to embrace the serene and affordable lifestyle it offers. Costa Rica has some of the cheapest apartments in the world that present an attractive package for those considering a move to Central America.
| Type | Average price/m2 | Average rent price |
| 1-bedroom apartment | $800 | $300 per month |
| 2-bedroom apartment | $2000 | $600 per month |
Portugal
Portugal stands as Western Europe’s oldest nation, famed for its coastlines, rich architecture, and various cuisines. It’s increasingly beloved by expats for its high quality of life, and it offers some of the cheapest apartments in the world. Portugal is abundant in historical architecture like ancient castles and churches, parks, and modern amenities.
Rental prices are attractive, making Portugal have some of the cheapest apartments in the world to rent, a fully furnished one-bedroom apartment near the city center costs around $300 per month, with two-bedroom options averaging about $650. Portugal, with its welcoming community and famous hot springs, offers an ideal spot for both relaxation and cultural immersion, appealing to tourists and expats alike.
| Type | Average price/m2 | Average rent price |
| 1-bedroom apartment | $1500 | $300 per month |
| 2-bedroom apartment | $2200 | $650 per month |
France
France has some of the cheapest apartments in the world for individuals looking to buy property abroad and is renowned for its extraordinary vistas and deep cultural history, making it an immensely attractive destination for foreigners. The country’s second-largest metropolis, Lyon, nestled within the Rhone-Alpes region, offers a compelling blend of affordability and allure. The city boasts many cultural landmarks, from diverse museums to street-side cafes, top-tier restaurants, and local markets. The extensive yet easily navigable public transit system complements Lyon’s pedestrian-friendly streets, accentuating its convenience and charm.
This city is focused on safety which offers peace of mind for locals and visitors alike. Additionally, the significant expatriate community enhances the city’s welcoming atmosphere, easing the transition for newcomers seeking camaraderie or guidance. Housing costs in Lyon remain notably reasonable, with one-bedroom apartments in suburban areas available for as low as $370 per month, while slightly larger accommodations of two bedrooms may be found at around $650 monthly.
| Type | Average price/m2 | Average rent price |
| 1-bedroom apartment | $900 | $370 per month |
| 2-bedroom apartment | $1200 | $650 per month |
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Frequently Asked Questions (FAQs)
What country has the cheapest rent in the world?
The country with the cheapest rent in the world is Egypt or Ghana, with monthly rates for a one-bedroom apartment from $150.
Where are the cheapest apartments in the world to buy?
The cheapest apartments in the world to buy are in Egypt, with a 90-square-meter apartment costing approximately $50,310.
In which countries can foreigners buy cheap real estate?
Foreigners can buy cheap real estate in countries such as Egypt, Pakistan, Venezuela, Ghana, Bangladesh, Libya, Tunisia, Palestine, and Costa Rica.
