Sharing the Rent Nightmare

Moscow housing is quickly slipping out of reach of people earning average salaries. Alexei Kudryavtsev of Mian.ru real estate agency said apartment rental prices in Moscow had increased by 95 percent since 2000. The biggest price increases were in 2004 (20 percent) and 2007 (30 percent). According to the real estate analytical web site IRN.Ru, it is getting hard to find any apartment in Moscow below $1,000 a month. Such apartments make up less than 15 percent of the rental market. To rent a place for a sum below $700, you would have to go to the Moscow region.