5 Most Expensive Cities Around the World to Rent an Apartment

3. Hamilton, Bermuda

Cost of Rent Index Score: 92.2

Hamilton is the capital city of Bermuda, a British overseas territory. Bermuda has one of the most favorable tax systems in the world, which encourages financial firms such as hedge funds to set up shop there. It was also one of the premier offshore tax havens for big companies seeking to avoid paying income taxes on their global earnings through complex schemes. Apart from finance and insurance companies, Bermuda also houses other firms such as Bacardi.