The Cheapest Rent in the World

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Located in Augsburg, Germany, is renowned as the oldest social housing complex in the world, an enclave called Fuggerei established in 1521 by a wealthy merchant. What makes Fuggerei truly unique is its rent, which has remained unchanged for over 500 years. Residents pay an annual rent of just 0.88 euros (about $1), making it the cheapest rent in the world.

The complex consists of 67 houses with 140 apartments, all charmingly preserved in their original Renaissance style. Each apartment has modern amenities, maintaining a balance between historical significance and contemporary living standards. Fuggerei isn't just a place to live; it's a living testament to enduring social welfare and the idea that affordable housing can be sustainable over centuries. This combination of historical preservation and social responsibility makes Fuggerei a fascinating example of long-term charitable housing.