New York, London and Moscow lead the Knight Frank index for commanding the highest luxury rents in the world.

According to the estate agent's Prime Global Rental Index, a typical two bedroom apartment in New York's Manhattan comes in around $8,000-$8,500 per month.

Meanwhile, the wealthy would be expected to stump up around $6,500-$8,000 on average per month in central London and between $6,000 and $7,000 in Moscow.

Knight Frank PRIME GLOBAL RENTAL INDEX 1
Knight Frank

However, Dubai holds the top spot for the biggest rise in luxury rental prices for the second consecutive quarter after recording a 12.4% increase year-on-year.

Tokyo has seen the price of rent rise by 9.8%, while New York experienced increases of 7.9%.

Knight Frank PRIME GLOBAL RENTAL INDEX 2
Knight Frank