When it comes to moving to a new city or country, one of the most important considerations is the cost of living. Paris, being one of the most popular tourist destinations in the world, is known for its high cost of living.
One of the biggest expenses that people face when moving to Paris is finding an apartment. In this article, we will explore how much you can expect to pay for an apartment in Paris.
Factors Affecting Apartment Prices in Paris
Before we dive into the cost of apartments in Paris, it’s important to understand the factors that affect apartment prices. The cost of an apartment in Paris can vary greatly depending on several factors such as location, size, amenities, and type of apartment.
Location: The location is one of the biggest factors that affect apartment prices in Paris. Apartments located in popular areas such as the Marais or Saint-Germain-des-Prés are generally more expensive than apartments located in less popular areas.
Size: The size of an apartment also plays a major role in determining its price. Larger apartments with more rooms and space will be more expensive than smaller apartments.
Amenities: Amenities such as a balcony, elevator or parking space can significantly increase the price of an apartment.
Type: There are different types of apartments available in Paris such as studio apartments, lofts and duplexes. Each type has its own unique features and price range.
Average Cost of Apartments in Paris
According to a study conducted by MeilleursAgents, a French real estate website, the average cost per square meter for an apartment in Paris is around €10,460 ($12,500). This means that a 50 square meter (538 square feet) apartment would cost around €523,000 ($625,000).
However, this is just an average and prices can vary greatly depending on the location and type of apartment. For example, a studio apartment in a popular area such as the Marais can cost anywhere from €800 to €1,500 ($950 to $1,800) per month.
Types of Apartments and Their Prices
Here are some examples of the different types of apartments available in Paris and their average prices:
- Studio Apartment: A studio apartment is a small apartment with one room that serves as the living room, bedroom, and kitchen. The average price for a studio apartment in Paris is around €800 to €1,500 ($950 to $1,800) per month.
- One-Bedroom Apartment: A one-bedroom apartment is slightly larger than a studio apartment with a separate bedroom.
The average price for a one-bedroom apartment in Paris is around €1,200 to €2,500 ($1,400 to $3,000) per month.
- Two-Bedroom Apartment: A two-bedroom apartment has two separate bedrooms and is ideal for small families or roommates. The average price for a two-bedroom apartment in Paris is around €2,000 to €4,500 ($2,400 to $5,400) per month.
- Duplex: A duplex is an apartment with two floors connected by an internal staircase. The average price for a duplex in Paris is around €5,000 to €8,000 ($6,000 to $9,600) per month.
Tips for Finding Affordable Apartments in Paris
Finding an affordable apartment in Paris can be challenging but not impossible. Here are some tips that can help you find an affordable place:
- Consider Living Outside the City: Living outside the city can be a more affordable option. The suburbs of Paris offer more space and lower prices compared to apartments located in the city center.
- Use Online Resources: There are several online resources that can help you find an apartment in Paris such as pap.fr, seloger.com, and leboncoin.fr.
- Consider Sharing an Apartment: Sharing an apartment with roommates is a great way to split the costs and save money.
In Conclusion
The cost of apartments in Paris can vary greatly depending on several factors such as location, size, amenities, and type of apartment. While living in Paris may be expensive, it’s still possible to find affordable apartments by considering different options and doing thorough research.