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.

Summary of cost of living in Rio de Janeiro, Brazil: A family of four estimated monthly costs are 2,154.1$ (11,420.5R$) without rent. A single person estimated monthly costs are 612.4$ (3,246.7R$) without rent. Rio de Janeiro is 64.6% less expensive than New York (without rent).

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.

In particular, Leblon, Ipanema and Lagoa are the most sought-after areas. Flamengo is a fantastic option for budget-conscious expats who are looking to live in Zona Sul. Accommodation in the Zona Sul is generally in the form of apartments in high-rise buildings.