Rentberry’s Picks: Fantastic Cities to Rent for Millennials

Every time we mention millennials in our articles, we know for sure that someone can get annoyed with this term by now. However, this generation is kind of a big deal, and we can explain why.

What Makes Millennials So Special?

As a millennial, I can say for sure that we don’t really care about the typical ‘American dream’ along with the car, corner office, and a mortgage by 30. We have this entrepreneurial spirit that keeps us motivated to create. We’re here to work hard on our careers, yet we want to do it on our terms.

Typical millennial cares about their own freedom. They care about the job opportunities in the area and require the government of the state, city, and country to care about the infrastructure, social benefits, the wealth of the citizens, and possibilities to conduct business with ease.

Keeping that in mind, we’ve done deep research to make a list of the places to rent an apartment for millennials in 2023. We know some of you may have considered immigration or becoming a freelancer with no permanent home. That’s why our today’s list covers the whole world!

Renting in Berlin

Average rent in Berlin: €1,480

After Brexit took place, Berlin’s competition with London is coming to an end — Berlin is becoming the most attractive city for startups and IT companies in Europe. There are several reasons for that.

• Thriving startup ecosystem: Berlin has a thriving startup ecosystem that offers a supportive environment for entrepreneurs. The city is home to numerous incubators, accelerators, and coworking spaces that provide startups with access to funding, mentorship, and networking opportunities.
• Cost of living: Compared to other major European cities, Berlin has a relatively low cost of living. This makes it an attractive destination for entrepreneurs and young professionals who are looking for an affordable apartment and office space for rent.
• Cultural diversity: Berlin is a diverse city that attracts people from all over the world. This cultural diversity creates a unique environment that is rich in creativity and innovation.
• Access to talent: Berlin is home to several prestigious universities and research institutions, which means that the city has a large pool of talented and skilled professionals. This makes it easier for startups and IP companies to recruit the best talent for their businesses.
• Central location: Berlin is located at the heart of Europe and has excellent transportation links. This makes it easy for businesses to connect with other major cities in Europe and access international markets.
• Government support: The German government has been very supportive of the startup ecosystem in Berlin. There are several initiatives and programs that provide funding and support to startups and IP companies in the city.
• Quality of life: Berlin is a vibrant city with a rich cultural scene, excellent food, and a high quality of life. This makes it an attractive destination for young professionals and families who are looking for a great place to live and work.

Note that they even made it easy for professionals to move to Germany with their latest ruling. Now local companies will have less paperwork to prepare and won’t have to prove to the government that they couldn’t find the same professional among their citizens. This is a major step that allows foreigners to enter the country and start working right away. So you just get yourself an invitation from a prospective startup and start hunting for a studio apartment in Berlin to rent.

More like this: Rentberry’s Picks: 6 Neighborhoods in Berlin for Newcomers

The city itself has a lot of attractions, entertainment, and simply everything a young person needs. The nightlife of Berlin is also well-known in the world, and millions of tourists come here to party at famous nightclubs. Add all the social benefits and great quality of life that Berlin offers, and you’ll get the best city for millennials and young professionals today.

Renting in Melbourne

Average rent in Melbourne: $1,060

Melbourne has been named one of the most liveable cities in the world for the last few years. That’s because the cost of living here is quite great compared to the sums that locals have to spend on their rent, food, and entertainment. According to the statistics, Melbourne residents spend less than 30% of their income on rent.

People tend to say that by the year 2030, Melbourne will become larger than Sydney. Young professionals seek a higher quality of life, and this city can offer a lot.

Having a rich ecosystem for startups, Melbourne invests in a bright future of their economy by supporting great IT projects and creating more and more job opportunities for smart millennials annually.

Renting in London

Average rent in London: £1,343

While some reports state that millennials started to leave London because of the high rent prices, this city will still remain one of the largest entrepreneurial hubs in the world.

This is still the city where startup angels are making more investments than ever before. The number of IT companies operating in the UK is still on the rise, and London will remain a great city to make money these days.

More like this: Rentberry’s Picks: Great Places to Rent in London

Despite the positive trends being stable, you still have to take Brexit into consideration and remember that the end of the EU relationships can hurt some of the local companies. So make sure you choose your job wisely, and you’ll be totally okay in the capital of England.

Renting in Amsterdam

Average rent in Amsterdam: €2,300

Amsterdam is well-known for its LGBT-friendliness, marijuana legalization, and affinity with technology. The average resident here usually has an entrepreneurial mindset and a desire to create.

The rental market is not too pricey, so any young professional will be able to find a decent flat for around €1,500. There are hundreds of positions opening in local startups and IT companies on a monthly basis.

Living in Amsterdam will work for you if you enjoy a relaxed lifestyle with a hipster-ish vibe.

Renting in Barcelona

Average rent in Barcelona: €1,938

This city offers a great work-life balance for working professionals and plenty of master’s and postgraduate study options. This makes Barcelona one of the most popular destinations for millennials that want to settle down in some unconventional city with a great climate and fun lifestyle.

Barcelona’s startup environment can surprise you with a wide range of positions in the tech field. No wonder companies like Nestle, Volkswagen, and other big brands decided to choose Barcelona as their new digital innovation center location.

The rent here is cheaper than in Amsterdam, yet it would be a crime to say that life is less fun here!

Renting in New York City

Average rent in New York: $3,826

The Big Apple seems to be the city that will always be the most popular among younger generations. The city that never sleeps and the land of opportunities. Let’s face it, NYC is the stronghold of millennials, the most successful businesses are born here.

Unfortunately, not everyone knows how to make it in New York. However, if you manage to rent a property and prosper in NYC, you’re on top of the world.

A major problem of the city will always be the rent pricing and the cost of living. Even the smallest apartment will cost at least twice as much as in other American cities. But, that doesn’t stop thousands of young people from coming to NYC in the pursuit of their dreams.

Renting in Austin

Average rent in Austin: $2,573

We’ve already highlighted the growth and development of Austin. This city is slowly becoming the new Silicon Valley while the real one is facing the rent price crisis.

Every year, more and more tech companies start their startup journey in Austin. Make sure you hop in while it’s not too late. Starting your business in America? Austin is still one of the best options considering the rent price and cost of living!

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