The square meter price of an apartment cost on average over 3,000 U.S. dollars, with Leblon achieving prices as high as 4,200 U.S. dollars per square meter.

Renting in Rio Your rent will include expenses like condo fees and property taxes since renters generally cover those costs for the landlord. Rent in Rio de Janeiro is about 88% lower than in New York City, making it an extremely affordable city to live in.

Usually, expats tend to stick to Ipanema, Leblon and Barra da Tijuca depending on their lifestyle. Barra da Tijuca tends to be more appropriate for families with kids due to the size of properties, safety and the surrounding areas. There are many malls in this area and there is a large expat community.

As is the case in many places, the best way to start searching for an apartment is by doing so online. Easily the most popular option is EasyQuarto, where you'll find lots of options and get a good feel for the neighborhood. Homes In Rio also has a good selection geared towards foreigners.