The 10 Best Cheap Apartments in Munich for 2023 | Trip.com (2023)

FAQs

How much does an apartment in Munich cost? ›

As a rule, you can expect to spend 1,000 Euros a month. Most of this will be for rent. If you are moving to Munich with your family, the costs will increase accordingly. Rent for a two-bedroom apartment ranges from 800 to 1200 euros a month.

Finding accommodation in Munich isn't easy, but it's usually worth the effort. Most apartments and houses are comfortable and almost always close to amenities and public transport.

Summary of cost of living in Munich, Germany: A family of four estimated monthly costs are 4,001.9$ (3,659.9€) without rent. A single person estimated monthly costs are 1,164.2$ (1,064.7€) without rent.

The average cost of living in Germany in 2023

As a basic estimate, you can expect your total costs to be between €1200 – €3000 per month as an individual living in Germany. At the cheaper end of this range, you would likely be living in a flatshare outside of the city centre.

In many cases, it is entirely possible to get by without doing so, especially if your first language is English. But there's no denying that life becomes infinitely easier once you have even a basic grasp of the local language, as is undoubtedly the case in Germany.

You'll need the following required documents for renting in Germany as a foreigner: Your ID or passport. A Mietschuldenfreiheitsbescheinigung—a document to prove you don't owe previous landlords money. Your potential landlord might not ask for this but it's best to have it if possible.

In short: yes, there are English-speaking jobs in Germany.

Foreigners who look for jobs in tech startups or digital departments have a higher chance of finding work in Germany without speaking German.

From high-quality life and a strong economy to excellent public transportation and endless outdoor recreation, Munich is a perfect place to live as an expat. If you're considering calling Munich your new home, whether for work or studies, it's only natural to wonder what to expect from living there.

Is it cheap to live in Munich? ›

Munich is one of the most expensive cities in Germany.

In fact, the cost of living in Munich is even higher than what you'd pay in a wealthy financial hub like Frankfurt. So if you plan to move here, better come prepared! But no worries, we'll help you out here.

It goes without saying that Berlin represents currently THE PLACE to buy a property in Germany, either for investment or for self-use. The city enjoys not only an outstanding economic dynamism backed by its digital sector, but the capital of Germany is by far the most popular and international city of Germany.

The average rental price for a private room in Munich in 2020 is €686 (including utilities). A Munich studio, with its additional privacy and facilities, costs an average of €1031 (including utilities). A one bedroom apartment in Munich can be yours for the average price of €1523 (including utilities) a month.

The median forecast for peak-to-trough fall was 10.0%, slightly lower than the 11.5% predicted in a February poll, with the steepest forecast at 12.5%. Over three-quarters of respondents, seven of nine, said a significant downturn was more likely than a rebound in home prices for the rest of 2023.

Prices are currently coming down in some markets, and the national median price was ever-so-slightly lower in February 2023 than it was in 2022, but experts do not expect dramatic drops. In many areas where prices are falling, the declines have not significantly improved affordability.

Neuperlach. Situated to the south of Munich, Neuperlach is a pleasant area popular with expat families looking to save money during their stay. The houses are large and comfortable, although some of the architecture is a bit dated. The community is well served by supermarkets, small shops and a few restaurants and bars ...

Yes, you can definitely survive in Munich without speaking German, but it won't be fun. The English Garden, a large public park in the center of Munich.

A car is unnecessary in Munich

Public transport is comprehensive and excellent, most of central Munich is walkable and bike lanes (and rentals) are everywhere and widely used.

How long can a foreigner live in Germany? ›

A residence visa is required if you intend to stay in Germany for more than 90 days for work or study or if you intend to move to Germany permanently.

You can Get a Work visa without a Job offer. No language skills are required for the visa application. You do not need a sponsorship or Job offer to apply for a Job Seeker Visa. You can stay in Germany without doing any Job for up to six months.

There is no restriction on foreigners buying property in Germany, no matter whether they live in Germany or elsewhere. You can, therefore, buy property as a non-resident with the expressed purpose of renting it out, or you can choose to rent out your own home if you move away from Germany.

In general, the average monthly expenses in Germany can add up to €1,698 for a single person or €3,561 for a family of 4. However, these averages can vary depending on where you live, as rental prices are higher in cities popular among expats. For instance, the average rent in Germany is €800 per month.

All persons who wish to seek gainful employment in Germany are required to obtain a residence permit in the form of a visa. Where needed, a work permit will be included in the visa issued for this purpose.

German is rated as a category 2 language and considered to be similar to English. The FSI estimates that German takes approximately 30 weeks, or 750 classroom hours to learn. This study was conducted on a group of language students who spent 25 hours per week in class, and three hours daily on individual practice.

Depending on the German federal state, level B1 or B2 of the Common European Framework of Reference for Languages (CEFR) is required. German for your spouse: Are you entering Germany with your spouse, who will work in Germany?

Over 25,000 Americans live in Bavaria. About 6,600 of these in Munich alone.

Pennsylvania, with 3.5 million people of German ancestry, has the largest population of German-Americans in the U.S. and is home to one of the group's original settlements, Germantown (Philadelphia), founded in 1683 and the birthplace of the American antislavery movement in 1688, as well as the revolutionary Battle of ...

What food is Munich known for? ›

But let's get down to the crux of the matter: Bavarian cuisine: Schweinebraten (roast pork), Schweinshaxe (pork knuckle), Weisswurst sausages and, of course, dumplings, dumplings and more dumplings. To top it off you need a litre of beer and a good serving of Bavarian hospitality.

Plan to tip around 10-15% in Munich restaurants. However, the exact tip amount when eating out in Munich depends on the place, occasion, and order size. It's customary to give your waiter or waitress a slightly higher tip than you would a bartender, as they are likely sharing their tip with the kitchen staff.

You will need around 934 euros a month to cover your living expenses in Germany as of 2022. On average, to cover your living expenses in Germany you will need around 934 euros per month (around $906 US dollars) or 11,208 euros per year (around $10,876 US dollars).

Munich. The average cost of living is 15.8% higher in Munich than in Berlin. Almost everything, except for a few things such as fresh groceries, is more expensive in Munich than in Berlin. To buy an apartment in Munich, you will need 43% more than in Berlin.

The study points to the city's strong local economy and growing population as reasons for the growth in demand for housing, which has in turn increased inadequately. As a result, real prices in Munich have more than doubled over the past 10 years. Rents have risen by an average of 40 percent.

As the safest city in Germany (according to German crime statistics), solo travelers should feel safe walking and exploring the city. But it goes without saying that you should remain vigilant at all times, especially if you're alone at night or on busy public transport.

But, generally speaking, there is no reason to be scared of walking home alone in the dark – there are just no crime statistics to support it. The only area that is a bit more difficult is the area around the central station. This is, sadly, a common theme in most European cities.

The best area to stay in Munich for first-timers is Altstadt-Lehel, also known as the historic center of the city. This is where you'll find all the most important landmarks of Munich, including Marienplatz (the central square of the city) and tons of great restaurants and pubs.

It's a tranquil place of idyllic courtyards and walls adorned with overgrown vines built on a 500-year-old agreement: Inhabitants of the Fuggerei neighbourhood pay no more than € 0,88 in rent each year – that's about US$1. Yes, you read that correctly. Did you know – Culture Trip now does bookable, small-group trips?

Is it cheaper to rent or buy in Germany? ›

Renting is far from cheap in Germany - but buying a house is even more expensive! Despite the coronavirus pandemic, the prices of apartments and houses continue to rise, so much so that, according to a new study, renting actually works out cheaper in most German cities.

As one of the top financial hubs in the world and the wealthiest city in main Europe, Frankfurt is home to more than 117,000 millionaires, including 14 billionaires. Frankfurt stands out from other big German cities (Berlin, Hamburg) in terms of wealthy populations despite contributing less to the country's GDP.

Summary of cost of living in Munich, Germany: A family of four estimated monthly costs are 3,996.9$ (3,659.6€) without rent. A single person estimated monthly costs are 1,162.8$ (1,064.6€) without rent.

Munich is one of the most expensive cities in Germany.

In fact, the cost of living in Munich is even higher than what you'd pay in a wealthy financial hub like Frankfurt. So if you plan to move here, better come prepared! But no worries, we'll help you out here.

If the 75k is your gross salary, then yes you can have a decent live, but don't expect that you will save a lot of money for later on … and if you ever get kids you will have to cut costs wherever you can. If the 75k is your net salary, then yes this is a very good salary for a family of 2 in Munich.

A good salary in Germany is the one that will allow you to afford the lifestyle that you want. Anything above 47.700 euros a year (gross) will place you in Germany's above-average range of income.

What is the minimum wage in Munich? ›

Germany's minimum wage is €12 per hour, pre-tax since 1 October 2022.

Of the 10 most populous German cities, the highest starting salaries are claimed in Stuttgart, where graduates begin their careers on an average annual salary of 49.400 euros. In second place is Munich (48.400 euros) and in third place Frankfurt am Main (47.600 euros).

According to Stepstone, the city you can earn the most in Germany is Stuttgart, where the average annual gross salary is €54,008. Stuttgart is followed by Frankfurt, Munich, Wiesbaden and Düsseldorf.

When taking into consideration the cost of living in Germany vs. the U.S., Germany really comes out on top. And not just in comparison to the US. Germany's cost of living remains lower than many other countries at a similar development level.

Living costs

Germany is generally cheaper than the USA. However, living in big cities, such as Munich and Hamburg, can be expensive. In general, you'll need around €850 per month to cover your expenses in Germany. This amount includes groceries, health insurance, rent, and other related costs.