443 to 585 Square Feet: How Much Space $1,500 Rents For in the DC Area
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A new report illustrates how much space one can rent for the elusive price of $1,500 a month in the DC region.
The DC area is one of the stingiest metropolitan areas when it comes to the amount of space one can get for that budget, per a new report from RentCafe. The average square footage varies throughout the area at that budget, with as much as 585 square feet in Alexandria and as little as 443 square feet in DC proper.
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All three locations in the DC region area fall below the national average of 715 square feet that could be rented for $1,500.
Want to get the most space for your money? Head out to Wichita where you can get a nearly 1,400 square-foot rental for your $1,500 budget.
The analysis uses Yardi Matrix data for properties with 50 or more units in the Census-defined metros of the 100 most-populated cities nationwide. The data was used to calculate price per square foot based on the average rents and average size of apartments in each location.
This article originally published at https://dc.urbanturf.com/articles/blog/443_to_585_square_feet_how_much_space_1500_rents_for_in_the_dc_area/23746.
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