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09 Jul. 2023

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Which European cities are the cheapest to live in?

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Which European cities are the cheapest to live in?

The cost of living in European cities can vary significantly even within the same country. Find out about the cheapest cities in Europe where you can live comfortably and save money at the same time

An insurance policy is a guarantee of your safety and peaceful stay outside of Ukraine
An insurance policy is a guarantee of your safety and peaceful stay outside of Ukraine
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Europe is commonly considered a place for a luxurious lifestyle with high prices, but not all European cities require huge amounts of money for comfortable living and recreation. We'll tell you about the most budget-friendly cities in Europe where you can avoid overpaying and spend money frugally with reference to RBK-Ukraine.


The cheapest cities in Europe to live in


Tallinn, Estonia


The small but smart city of Tallinn is an ideal place for those who want to live in a cozy European atmosphere without overpaying for housing, transportation and food. Renting an apartment in Tallinn is cheap compared to other cities. Thus, depending on the square of the apartment and the number of rooms, the rent will cost you from 200 to 750 euros per month. The cost of public transportation is also very affordable, due to the size of the city. At the same time, travel is generally free for local residents.

Tallinn has an unusual, fairy-tale atmosphere, and most of the sights and beautiful places are within walking distance of each other, making it an ideal choice for families with children.


Riga, Latvia


Riga has been and remains one of the most budget-friendly tourist destinations, but the cost of living in this city is also very affordable. Renting an apartment will cost you, on average, from 300 to 700 euros per month, and, for example, a hotel or hostel room will cost you from 15 euros per night. The cost of food here will also save your budget, even if you eat out. After all, the city has a large selection of various budget establishments: from street food to inexpensive restaurants.

It's worth mentioning that Riga is a cozy Baltic city with a warm, homely atmosphere.


Bucharest, Romania


Thanks to the economic growth that has taken place over the past few years, the cost of living in Bucharest has dropped significantly, while its quality has reached a new level. Renting a one-bedroom apartment in the city center will cost you less than 550 euros per month, and if you choose housing in more remote areas, you can save a lot of money on living expenses. After all, the price of rent in the tourist areas of the city starts from 350 euros per month.

At the same time, Bucharest has a rich history and culture, so there will be no issues with leisure activities. The city has many interesting and sometimes stunning places that you can visit for free.



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Krakow, Poland


It's probably no secret that Poland is one of the most budget-friendly countries in Europe. And despite the fact that this country has become the main destination for Ukrainian refugees, the cost of living, in particular in Krakow, remains at a budget level compared to other European cities. Housing here will cost, on average, about 680 euros per month, and food about 10 euros per day.

It should also be borne in mind that Krakow combines not only affordable prices for accommodation, but also a well-developed infrastructure, a large selection of various dining options and many interesting places to visit. Moreover, a significant part of your leisure time in the city can be absolutely free, because Krakow has a rich history and beautiful architecture, and free events that are regularly organized in the city can be attended by everyone.


Prague, Czech Republic


For those who are looking for a city that is not only budget-friendly but also rich in history, culture, and architecture, Prague is an ideal option. In addition, the Czech capital has a large selection of restaurants where a full meal will cost you less than 10 euros. And if you buy food in supermarkets and cook on your own, you can save a lot of money on food.

Rent in Prague is slightly higher than in Riga or Tallinn, but a good apartment in the center will cost you up to 700 euros per month.


Lisbon, Portugal


The cost of living in Lisbon outside the tourist areas is affordable. This applies to both renting a home and spending on basic necessities, food, and transportation. However, living in Lisbon is more expensive than in other cities in Portugal. For example, a one-bedroom apartment in a small town will cost from 350 euros per month, and a two-bedroom apartment from 600 euros, while in Lisbon the cost of renting a home starts at 700 euros per month.

As for leisure, this city will not leave anyone indifferent, as Lisbon has not only many interesting museums, galleries, cultural and architectural monuments, but also picturesque nature that captures its beauty.


We remind you that Eurostat recently published data on consumer price indices in the EU. In our previous article, we told you which countries are the most profitable to live in, taking into account the prices of food, alcohol, clothing, restaurants, and transportation.


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