The price of real estate in Moscow continues to rise. Today, one could expect to pay $4,000 on average per square meter (11 sq ft) on the outskirts of the city or US$6,500–$8,000 per square meter in a prestigious district. The price sometimes may exceed US$40,000 per square meter in a flat. It costs about US$1,200 per month to rent a one-bedroom apartment and about US$1,000 per month for a studio in the center of Moscow.