how much is rent in hanoi, Is the rent expensive in Hanoi, Vietnam?

Title: "What is the Cost of Rent in Hanoi?

Therefore, the rents in Hanoi, Vietnam, are quite affordable. Compared with many cities in Asia, rent in Hanoi is low; for instance, the monthly average rent of a one-bedroom apartment is estimated at US$688, making it the second-cheapest of 10 cities surveyed, after Mumbai, India.

Rental affordability does not apply to one-bedroom apartments in Hanoi. Rather, larger residences like luxury apartments with three bedrooms, one living room and two baths may bear different pricing when it comes to short-term rentals. Thus, the monthly rent might rise as high as RMB 9,000 in downtown luxury apartment buildings; a rental fee like this usually includes top-notch property management services, amenities such as sky swimming pools and gyms that further enhance everyday life.

It should also be noted that a certain imbalance between supply and demand is also reflected in Hanoi's rental market; in particular, prices have begun to push the rental levels upward due to the limited availability of affordable and moderately-priced homes in certain neighborhoods. The government and developers are doing everything they can to increase the housing supply along the process of Vietnam's economic development and urbanization to respond to the market's demand at various levels.

Apart from that, some geographical locations, housing quality, and supported facilities highly impact the rents in Hanoi. Normally, rents in the center are very exorbitant as compared with those in the surrounding areas or developing residential areas where rents are often pocket-friendly. Meanwhile, the standards of decoration and furnishings further weigh in on the rents. So the tenant has to consider all these aspects in conjunction with his/her real needs and financial capabilities when choosing a rental house.