Rents in Munich are higher than any other city in Germany. Accommodation is scarce, and the city is growing. As 2011 drew to a close, the population passed the 1.4 million mark. The strong economy acts like a magnet. Many people move here to work or to get a top-class education.
- 2011 rent: €14.39 per square meter on average in a new building (first tenants) – a record high. Rents vary depending on the age and location of the building.
- Student flats and apartments: Students living in a shared flat or small apartment can often expect to pay upwards of €400.
- Halls of residence: The Student Union halls of residence are considerably cheaper at €160 to €330 per month. However, only 13 percent of students manage to get a place in the halls of residence.
- Garching and Weihenstephan: Rents in these TUM locations are often lower than in Munich. However, students who commute to Munich regularly should factor in their travel costs.