4. Belgrade, Serbia
Cost of living index: 41.61
The capital of Serbia that ranks 4th on our list of most affordable places to live in Europe in 2017 is recently named as the New Berlin, mostly because of its nightlife. This city is in constant change and renovation; however, some things remain the same – hospitality and chilled atmosphere. After all, cafes are full even on working days. According to Numbeo, the rent for one bedroom apartment in the city center is around $340.