Rent prices in Munich were listed far above any other city in Munich by a market research firm. Munich was listed at 11.15 euro per sq. meter - a full 2 euros higher than the second place city, Frankfurt, and 3 euros higher than the third place city, Stuttgart. Cologne, and Hamburg rounded out the top 5. Berlin actually was listed in 11th place at 5.66 per euro. A global economic crisis, and a building boom over the past few years that added more than 20,000 apartments in Munich have done little to lower prices in the area.