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.

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.