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.

favela, in Brazil, a slum or shantytown located within or on the outskirts of the country's large cities, especially Rio de Janeiro and São Paulo.

If you're planning a trip to Rio, you might need to budget more than you think – prices in Rio de Janeiro are often on par with travel in parts of the USA or Europe. This South American cultural capital generally isn't a cheap place to visit – or to get to.