For stays of a day, a week, a month or a year, serviced apartments (also known in the sector as Aparthotels, corporate housing or extended stay housing) offer a spacious, flexible and cost effective alternative to restrictive hotel rooms, with an average saving of 15 - 30% on an equivalent standard hotel.

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Rates Analysis

by Bard Vos & Maggy Sainsbury

Key City Rates (Q3 2008)

One month + (monthly rate)
 StudioOne BedroomTwo Bedroom
 LocalUS$EuroLocalUS$EuroLocalUS$Euro
AmsterdamEUR 3,064$ 4,607.00 EUR 3,971$ 5,971.00EUR 4,540$ 6,827.00 
BangaloreINR 50,000$ 1,188.00€ 790.00INR 64,025$ 1,521.00€ 1,011.00INR 86,000$ 2,043.00€ 1,359.00
Buenos AiresARS 6,100$ 2,000.00€ 1,329.00ARS 7,015$ 2,300.00€ 1,529.00ARS 8,235$ 2,700.00€ 1,795.00
Cape TownZAR 12,000$ 1,565.00€ 1,041.00ZAR 14,356$ 1,872.00€ 1,245.00ZAR 18,000$ 2,348.00€ 1,561.00
DubaiAED 12,000$ 3,267.00€ 2,172.00AED 19,240$ 5,238.00€ 3,483.00AED 25,250$ 6,874.00€ 4,571.00
FrankfurtEUR 2,722$ 4,093.00 EUR 3,629$ 5,457.00 EUR 4,763$ 7,163.00 
Hong KongHKD 33,000$ 4,223.00€ 2,808.00HKD40,000$ 5,119.00€ 3,404.00HKD 46,000$ 5,887.00€ 3,914.00
LondonGBP 3,632$ 6,974.00€ 4,637.00GBP 5,105$ 9,803.00€ 6,518.00GBP 7,031 $ 13,501.00€ 8,977.00
MadridEUR 1,930$ 2,902.00 EUR 3,176$ 4,776.00 EUR 4,310$ 6,481.00 
MoscowRUB 113,732$ 4,763.00€ 3,167.00RUB 173,308$ 7,258.00€ 4,826.00RUB 278,945$ 11,682.00€ 7,767.00
MumbaiINR 100,000$ 2,376.00€ 1,580.00INR 115,000$ 2,732.00€ 1,817.00INR 128,000$ 3,041.00€ 2,022.00
NairobiKES 118,246$ 1,757.00€ 1,168.00KES 188,776$ 2,805.00€ 1,865.00KES 204255$ 3,035.00€ 2,018.00
New YorkUSD 3,000  € 1,994.00USD 4,000  € 2,659.00USD 5,000 € 3,324.00
ParisEUR 2,876$ 4,325.00 EUR 4,990$ 7,504.00 EUR 7,192$ 10,816.00 
Rio de JaneiroBRL 2,507$ 1,560.00€ 1,037.00BRL 3,697$ 2,300.00€ 1,529.00BRL 5,465$ 3,400.00€ 2,260.00
ShanghaiCNY 42,095$ 6,137.00€ 4,080.00CNY 56,124$ 8,182.00€ 5,440.00CNY 80,559$ 11,744.00€ 7,809.00
SingaporeSGD 7,938$ 5,646.00€ 3,754.00SGD 9,299$ 6,614.00€ 4,398.00SGD 11,340$ 8,065.00€ 5,363.00
SydneyAUD 2,500$ 2,231.00€ 1,483.00AUD 2,700$ 2,410.00€ 1,602.00AUD 3,300 $ 2,945.00€ 1,958.00
TokyoJPY 197,000$ 1,794.00€ 1,193.00JPY 214,000$ 1,948.00€ 1,295.00JPY 249,000$ 2,267.00€ 1,507.00
TorontoCAD 2,000$ 1,878.00€ 1,249.00CAD 2,500$ 2,348.00€ 1,561.00CAD 3,200 $ 3,006.00€ 1,998.00


3 month + (rate per month)
 StudioOne BedroomTwo Bedroom
 LocalUS$EuroLocalUS$EuroLocalUS$Euro
AmsterdamEUR 2,911$ 4,377.00 EUR 3,773$ 5,674.00 EUR 4,313$ 6,486.00 
BangaloreINR 45,000$ 1,069.00€ 711.00INR 57,622$ 1,369.00€ 910.00INR 77,400$ 1,839.00€ 1,223.00
Buenos AiresARS 5,490$ 1,800.00€ 1,196.00ARS 6,313$ 2,070.00€ 1,376.00ARS 7,411$ 2,430.00€ 1,615.00
Cape TownZAR 10,800$ 1,409.00€ 936.00ZAR 12,920$ 1,685.00€ 1,120.00ZAR 16,200$ 2,113.00€ 1,405.00
DubaiAED 10,800$ 2,940.00€ 1,955.00AED 17,316$ 4,714.00€ 3,134.00AED 22,725$ 6,187.00€ 4,114.00
FrankfurtEUR 2,586$ 3,889.00  EUR 3,448$ 5,185.00 EUR 4,525$ 6,805.00 
Hong KongHKD31,350$ 4,013.00€ 2,668.00HKD38,000$ 4,865.00€ 3,235.00HKD43,700$ 5,594.00€ 3,720.00
LondonGBP 3,450$ 6,633.00€ 4,410.00GBP 4,850$ 9,325.00€ 6,200.00GBP 6,346 $ 12,201.00€ 8,113.00
MadridEUR 1,834$ 2,758.00 EUR 3,018$ 4,538.00 EUR 4,095$ 6,158.00 
MoscowRUB108,046$ 5,755.00€ 2,942.00RUB164,643$ 6,744.00€ 4,484.00RUB264,998$ 10,854.00€ 7,217.00
MumbaiINR 90,000$ 2,138.00€ 1,422.00INR 103,500$ 2,459.00€ 1,635.00INR 115,200$ 2,737.00€ 1,820.00
NairobiKES 112,334$ 1,670.00€ 1,110.00KES 179,338$ 2,666.00€ 1,773.00KES194,043$ 2,885.00€ 1,918.00
New YorkUSD 2,700 € 1,795.00USD 3,600 € 2,393.00USD 4,500 € 2,992.00
ParisEUR 2,733$ 4,110.00  EUR 4,741$ 7,129.00  EUR 6,833$ 10,275.00 
Rio de JaneiroBRL 2,256$ 933.00€ 933.00BRL 3,327$ 1,376.00€ 1,376.00BRL 4,918$ 2,034.00€ 2,034.00
ShanghaiCNY 39,991$ 5,830.00€ 5,830.00CNY 53,318$ 7,773.00€ 5,169.00CNY 76,532$ 11,158.00€ 7,419.00
SingaporeSGD 7,542$ 5,371.00€ 5,371.00SGD 8,835$ 6,292.00€ 4,184.00SGD10,773$ 7,673.00€ 5,102.00
SydneyAUD 2,250$ 2,008.00€ 1,335.00AUD 2,430$ 2,169.00€ 1,442.00AUD 2,970 $ 2,651.00€ 1,762.00
TokyoJPY 177,300$ 1,614.00€ 1,073.00JPY 192,600$ 1,754.00€ 1,166.00JPY 224,100$ 2,040.00€ 1,357.00
TorontoCAD 1800$ 1,690.00€ 1,124.00CAD 2,250$ 2,113.00€ 1,405.00CAD 2,880 $ 2,705.00€ 1,799.00

Disclaimer: These rates are average rates for each city and will vary depending on the type of property, time of year and individual promotions

Rates quoted are based on average 4 star extended stay properties and exclude taxes
Exchange rates used 12 August 2008

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Serviced aparmtnet picture
Apartment hotel picture
Corporate housing picture