Choosing whether to buy or rent a home is a highly personal decision, dependent on your financial standing, how long you plan on staying put in your town or city and whether or not you're willing to be your own super.

If renting is the right decision for you, you may want to consider the world's best cities for renters, which apartment search site RENTCafé recently determined in a 2017 report.

The site started by looking at the 30 best cities around the world to work and live in. Next, it checked out the average rental prices and the median household income in each place in order to calculate the rent-to-income ratio.