The cost of the most expensive apartments in Moscow's "Golden Mile" has been revealed.

The most expensive district for renting apartments in Moscow has become the so-called Golden Mile. The average rental rate in the location is 594 thousand rubles per month per object, with the maximum rate reaching 3.15 million rubles. This is evidenced by materials from analysts at Savills (available to "Doma" publication).

20 percent of the rental apartment offerings in Ostozhenka and adjacent areas are apartments with an area of 220 square meters or more, as noted in the company's materials. Two-thirds of the offerings are lots with three or more bedrooms. More than a third of the apartments available for rent in the location are located in club houses.

The most expensive apartment offered for rent on the Golden Mile is located in the Grand-Prix House residential complex (Butikovsky Pereulok). The 358-square-meter unit is offered at a rate of 3.15 million rubles per month. An equally priced rental of 541 square meters is available in the Dom Chaikovskogo residential complex on Barykovsky Pereulok.

The next most expensive rental lot in the location is a 500 square meter apartment in the "Pamyati Muravyovikh" residential complex on 1st Zachatyevsky Lane. The property is available for rent for 2.52 million rubles per month. Another lot, measuring 415.5 square meters, is offered for 2 million rubles per month in the Grand-Prix House residential complex. The top five most expensive rental offers in the "Golden Mile" location is completed by a property on 1 Molochy Lane. The 530 square meter apartment is available for rent for 1.89 million rubles.

According to a previously published study by the Kalinka Group agency, approximately 68 percent of luxury apartments in the secondary market of the "Golden Mile" area remain vacant. Over half of the apartment owners do not reside in their properties, are not willing to rent them out, and are resistant to selling at market price due to it being lower than the purchase price. According to Kalinka Group's statistics, in most cases, the owners' price expectations are nearly twice as high as the market value.