Malta consists of two islands in the Mediterranean Sea between Sicily and North Africa. They are small, the largest taking only 30 minutes to drive across, but they’re famous as a sea-and-sun destination for many European tourists. Malta boasts an ancient history stretching back 7,000 years and, because of its size, the magnificent historical sites are densely packed. The cities are old, made of beautiful yellow stone, and the weather dips to only 15 degrees Celsius (59 Fahrenheit) in January. International Living says you can rent a two-bedroom apartment for US $800/month in Sliema, Malta’s liveliest city, or even less in the countryside. Two people can live comfortably for $2,700/month.