New Rental Study Reveals What a Grand Will Get You in Top U.S. Cities


Apartments.com Rental Study Image

Have dreams of moving to New York or Boston or Los Angeles? Surprise – it ain’t going to be cheap. There are, however, several big cities that offer smallish rents for individuals looking for the most bang under a thousand bucks.

According to a recent study by Apartments.com, one of the leading national apartment listing subscription services, there are many great spots across the country offering the perfect space to call home for less than $1,000 each month. Although many popular locations – Chicago, L.A., Boston, New York, San Francisco, Philadelphia, and D.C. – don’t even have studio apartments available for an average rent of $1,000 per month, several big cities led by Atlanta ($966), Portland ($955), Austin ($948), and Dallas ($914), did make the list. Additionally, Apartments.com also recognized several cities that offer the most space for your money. In both Las Vegas and Cincinnati, Ohio, the average monthly rate for a three-bedroom rental was less than $1,000. The same can also be said for two-bedroom units in San Antonio, Richmond (VA), Kansas City, and Phoenix.

Thinking of sharing your space with someone else? For less than a $1,000 per month per roommate, you can shack up in one-bedroom apartment in Chicago, L.A., or D.C. Don’t mind living in close quarters? You could also share a studio apartment in the Big Apple for just over $995 apiece.

Finally, Apartments.com also identified those major cities where rent is on the rise. Leading the way was Miami followed by Denver, Milwaukee, Orlando, Tampa, Charlotte, Columbus, and St. Louis.

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