Students in Albacete, Johannesburg and Singapore spend the least on their rent

Student.com, the world’s largest marketplace for student accommodation, released the latest edition of its annual student rent spend analysis - Cities in Focus: 2018 Global Student Accommodation Indicator. The report, which this year analyses how much students spend on rent in 125 cities, reveals that students in Albacete ($60), Johannesburg ($76) and Singapore ($94) spend the least on their rent. After Singapore, the least expensive countries based on average national weekly rent spend are Spain ($136) and Canada ($159).

In terms of where students spend the most on their rent, Boston ($464), New York ($402) and London ($339) rank as the world’s top three most expensive cities. The most expensive country is Australia ($255), where students spend approximately 19% above the global average ($214), followed by the UK ($212) and the US ($204).

“Globally, students are becoming savvier when searching for and booking accommodation. They have greater access to information and resources, and are generally able to gain a quicker understanding of the options available to them in their study destination,” commented Luke Nolan, Founder and CEO, Student.com. “In cities with a wide range of choice in student housing options, we’re seeing an increasing number of providers becoming aware of the need to price competitively and consider offering additional incentives to students - from group discounts to cashback offers.”

In addition to the global rankings, the report also includes country data in local currencies for Australia, Canada, France, Spain, the UK, and the US.