Here’s Where Apartment Renters Get the Most Bang for Their Buck
Southern cities nabbed 38 out of the 50 spots.
Renters will get the most bang for their buck on a budget in Amarillo, Little Rock, and Oklahoma City, where you can get as much as 1,400 square feet of space for $1,500 a month.
According to a new survey from RentCafe, these cities stand out due to their “larger-than-average apartment sizes and lower rent prices,” while San Diego apartments offer the least space on their list: just 463 square feet for $1,500. Denver, Austin, Nashville and Dallas are also in the lower half of RentCafe’s rankings, with under 850 sq. ft. for that amount.
Southern cities nabbed 38 out of the 50 spots, as do smaller locations. Mobile is #4 in the RentCafe ranking, followed by Memphis; Lafayette, La.; Omaha; Huntsville; Lubbock; and Augusta.
Sun Belt cities have faced threatened affordability as of late, thanks to continuously strengthening in-migration patterns and explosive population and rent growth. Average rents ticked up 16.8% across all property sizes in the region year-over-year in January, according to a Chandan Economics analysis of properties, while rents increased just 5.1% on average in other regions.