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 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.

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.