The 25 cities with the highest rental prices in the world: does Hong Kong top the list?

A two-bedroom flat in San Francisco will cost you an average of US$3,600 a month. Photo: Shutterstock

If you’re looking to save money on housing, you probably shouldn’t live in Hong Kong.

It’s home to the world’s most expensive rent, according to Deutsche Bank’s 2019 edition of its annual “Mapping the World’s Prices” report, which highlights the cost of living in 56 global cities, including the average monthly rent for a typical two-bedroom flat. To determine this specific data, the report sourced prices from Expatian, a s ite that tracks cost-of-living expenses in over 200 countries.

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Hong Kong and San Francisco are the only two cities on the list where the average monthly two-bedroom rent exceeds US$3,000. San Francisco is one of four US cities that make the list of the top 25 global cities with the most expensive rent, along with New York, Boston and Chicago.

Worldwide, rent in Dubai saw the biggest decline from the past year, while rent in Frankfurt, Tokyo and Zurich saw the biggest rent increases.

Here are the most expensive cities in the world to rent a two-bedroom flat, and the percentage change refers to the increase or decrease in rent from 2018 to 2019.

25. Milan, Italy

Milan, Italy. Photo: Shutterstock

Monthly rent: US$1,395

Percentage change: +5 per cent

24. Shanghai, China

Shanghai, China. Photo: Shutterstock

Monthly rent: US$1,432

Percentage change: +7 per cent

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23. Frankfurt, Germany

Frankfurt, Germany. Photo: Shutterstock

Monthly rent: US$1,471

Percentage change: +12 per cent

22. Stockholm, Sweden

Stockholm, Sweden. Photo: Shutterstock

Monthly rent: US$1,484

Percentage change: -4 per cent

21. Chicago, US

Chicago, US. Photo: Shutterstock

Monthly rent: US$1,527

Percentage change: +7 per cent

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20. Auckland, New Zealand

Auckland, New Zealand. Photo: Shutterstock

Monthly rent: US$1,533

Percentage change: -7 per cent

19. Vancouver, Canada

Vancouver, Canada. Photo: Shutterstock

Monthly rent: US$1,556

Percentage change: -3 per cent

18. Dubai, UAE

Dubai, UAE. Photo: Shutterstock

Monthly rent: US$1,576

Percentage change: -12 per cent

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17. Wellington, New Zealand

Wellington, New Zealand. Photo: Shutterstock

Monthly rent: US$1,581

Percentage change: -1 per cent

16. Toronto, Canada

Toronto, Canada. Photo: Shutterstock

Monthly rent: US$1,602

Percentage change: +7 per cent

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15. Helsinki, Finland

Helsinki, Finland. Photo: Shutterstock

Monthly rent: US$1,612

Percentage change: -7 per cent

14. Oslo, Norway

Oslo, Norway. Photo: Shutterstock

Monthly rent: US$1,808

Percentage change: -7 per cent

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13. Copenhagen, Denmark

Copenhagen, Denmark. Photo: Shutterstock

Monthly rent: US$1,809

Percentage change: -2 per cent

12. Amsterdam, Netherlands

Amsterdam, Netherlands. Photo: Shutterstock

Monthly rent: US$1,854

Percentage change: -1 per cent

11. Singapore

Singapore. Photo: Shutterstock

Monthly rent: US$1,893

Percentage change: -4 per cent

10. Tokyo, Japan

Tokyo, Japan. Photo: Shutterstock

Monthly rent: US$1,903

Percentage change: +9 per cent

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9. Sydney, Australia

Sydney, Australia. Photo: Shutterstock

Monthly rent: US$1,969

Percentage change: -4 per cent

8. Dublin, Ireland

Dublin, Ireland. Photo: Shutterstock

Monthly rent: US$2,018

Percentage change: -1 per cent

7. Boston, US

Boston, US. Photo: Shutterstock

Monthly rent: US$2,210

Percentage change: +2 per cent

6. London, UK

London, UK. Photo: Shutterstock

Monthly rent: US$2,338

Percentage change: -3 per cent

5. Paris, France

Paris, France. Photo: iStock

Monthly rent: US$2,455

Percentage change: -1 per cent

4. Zurich, Switzerland

Zurich, Switzerland. Photo: Shutterstock

Monthly rent: US$2,538

Percentage change: +9 per cent

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3. New York City, US

New York City, US. Photo: Shutterstock

Monthly rent: US$2,909

Percentage change: +2 per cent

2. San Francisco, US

San Francisco, US. Photo: Shutterstock

Monthly rent: US$3,631

Percentage change: -1 per cent

1. Hong Kong

Hong Kong, China. Photo: Shutterstock

Monthly rent: US$3,685

Percentage change: -1 per cent

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This story originally appeared on Business Insider.

San Francisco is one of four US cities in the top 25 for sky-high rents, along with New York, Boston and Chicago, but where does Hong Kong place?