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.

As mentioned before, the average price per sqm in Rio de Janeiro is $2,270. A one-bedroom property (60 sqm) would cost around $136,000, and a two-bedroom (85 sqm) would be about $193,000. However, prices will differ based on the attributes of the property and its specific location.

Rent in Rio de Janeiro is about 88% lower than in New York City, making it an extremely affordable city to live in. Even without factoring in rent, the overall cost of living is almost 60% lower than in NYC. A one-bedroom apartment in Rio de Janeiro can cost as little as $450 per month, depending on where you live.

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.