Multifamily professionals understand the impact location has on the cost of rent. For example, a studio apartment in NYC is going to skew much higher in rent compared to the same sized apartment in Grand Rapids, MI. Knowing the significance location plays during the apartment search, the team at Apartments.com took a deeper look into how much rental prices varied from around the country, based on our website data. Looking, specifically, at what apartment shoppers could rent for $1,000 or less in various cities, we learned that not only does rent vary greatly across state and city lines, but also from neighborhood to neighborhood.
Check out the infographic below to see what $1,000 can rent when pitting popular cities, neighborhoods, state capitals and college towns against one another as well as where the best rental deals can be found.
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For more information on this analysis, please read our press release.
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