With 1.5 million inhabitants, Munich is the third largest city in Germany. As the second highest economic power in the Federal Republic, Munich is a magnet for large, globally operating companies.
Strongly represented sectors include the automotive, mechanical engineering and electrical engineering industries. Future-oriented sectors such as software and IT technology also have a presence in Munich. This has given the city its new nickname, “Isar Valley,” a play on Silicon Valley. Munich is Germany’s largest insurance hub and the second largest financial centre after Frankfurt. Six DAX companies are headquartered in Munich, including international players such as Allianz SE, BMW, Siemens and Infineon.
This is also the reason why Munich is ranked 8th in the global ranking of the Global 500 companies. Because of the balanced and strong economy, business travelers frequently come to the city.
The average rent per month for an apartment in Munich can range from 750 Euros to 4000 Euros depending on the size and location of the apartment.
Family-friendly neighbourhoods in Munich include Starnburg, Scwabing and Ramersdorf
Affordable neighborhoods in Munich include Hasenbergl and Perlach
Yes, of course. You can find affordable furnished apartments in Munich through the Homelike website for both short and long-term use. Our apartments come with Utilities and WiFi (view our Homelike Apartment Standards). No need to worry about setting anything up.
It’s easy to find great apartments in Munich online. If you fail to find a place that fulfills your needs through our online platform, feel free to reach out to the Homelike Customer Support Team. We’d be more than happy to help you.