Vienna was recently named the "world's most livable city" for the second year running by The Economist Intelligence Unit.

Its favorable renting conditions play a big part in this.

On a recent visit to the city, we met three renters, looked around their homes, and found out what they pay.

Compared to cities like London and New York, the prices are incredibly low, especially considering the sizes of the properties.

Gerda, for example, lives on her own and pays €360 ($400) a month for a 45-square-meter apartment.

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In September 2019, Vienna was named the world's most livable city for the second year running.

The Austrian capital topped the chart compiled by The Economist Intelligence Unit, beating Australia's Melbourne and Sydney which claimed second and third places respectively.

One of the reasons Vienna is hailed as such a great place to live is its favorable renting conditions — to find out just why it's so great to be a tenant in the Austrian capital, Insider looked around the homes of three Viennese renters and asked them all about their apartments.

From tiny price hikes to ginormous rooms, it was immediately clear why Vienna is a great place to rent.

Have a snoop around Gerda, Zahra, and Juliet's lovely homes below.