Buenos Aires, Argentina
Although Buenos Aires is pricier than most parts of South America, it is still a bargain compared with most U.S. cities. A one-bedroom apartment in a good neighborhood can be rented for less than $400 per month or bought for less than $70,000. Internet, cable and electricity combined rarely costs more than $100 per month. The city's comprehensive bus and subway system makes transportation cheap. One ride on the subway costs 2.50 Argentine pesos (around 55 cents).