Shenzhen Rent Ranks Third Highest Among Chinese Cities

Shenzhen Rent Ranks Third Highest Among Chinese CitiesA local survey company collected around 130,000 questionnaires on people’s rent from 36 cities in China the results were published in the 2014 rent market survey that showed that the average monthly rent in Shenzhen is at 1,140 yuan and is ranked the third most expensive among the 36 cities.

Survey showed that the average monthly rent across these cities is at 1.051 yuan with the rent in Beijing the most expensive with an average of 1,479 yuan per month followed by Shanghai which has a monthly average rant of 1,328 yuan per month, average rents in Nanshan, Yantianm Futian and Luohu district has the most expensive rent compared to other districts and new areas in Shenzhen.

A three bedroom apartment in Luohu costs 11,610 yuan per month rent making it the most expensive rent in the city. Rentals in Bao’an and Longgang districts were a three bedroom apartment costs 2,350 yuan a month to rent which is relatively cheap in the city, an increase in high rent is making more people to share homes with other families.

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