The national median rent for a one-bedroom apartment rose +12% over this past year to $1,400/month, according to Zumper.
Renters Facing Financial Squeeze
With rents climbing +12% last year to a median of $1.400/month, according to Zumper, renters are having a tougher time paying their rent, let alone saving for a down payment.
Since some cities have higher rents than others per square footage, renters who want more space for working remotely may consider moving to a less expensive real estate market in order to get that space.
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RentCafe studied how many square feet a renter could get in the 100 largest US metros for $1,500/month. Here’s what RentCafe discovered:
Most Space for $1,500/month in Rent
- Wichita KS – 1,597 square feet
- Toledo OH – 1,482
- Tulsa OK – 1,447
- Oklahoma City OK – 1,431
- Fort Wayne IN – 1,386
- Memphis TN – 1,375
- Omaha NB – 1,334
- Lubbock TX – 1,316
- El Paso TX – 1,305
- Lincoln NB – 1,304
- Louisville KY 1,285
- Indianapolis IN – 1,273
- Baton Rouge LS – 1,259
- Lexington KY – 1,257
- Winston-Salem NC – 1,251
Least Space for $1,500/month in Rent
- Manhattan NY – 262 square feet
- Boston MA – 340
- San Francisco CA – 345
- Brooklyn NY – 357
- Queens NY – 399
- Oakland CA – 404
- Jersey City NJ – 410
- Los Angeles CA – 454
- Irvine CA -468
- Seattle WA – 475
- San Jose CA – 483
- Long Beach CA -486
- San Diego CA – 493
- Fremont CA – 498
- Washington DC – 500
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Thanks to RentCafe and Zumper.
