What's Hot: The 4 Projects in the Works Near DC's Starburst Intersection | A 153-Room Aloft Hotel Pitched For Mt. Vernon Triangle
A $1,500 Rental Budget in DC Gets You 510 Square Feet, Per Report
A recent analysis reveals that, out of the largest 20 cities in the U.S., DC is the fifth most-expensive for renters. With an average price per square foot of $2.95, a renter with a $1,500 budget can expect to get a 510 square-foot unit in the city, according to ApartmentList.
"In the Washington metro overall, the average price per square foot is $1.63, meaning that $1,500 will get you 920 square feet," the report stated.
story continues below
loading...story continues above
The price per square foot is higher in Boston and in cities in New York and California. If you want the most bang for your buck, head to the Midwest. The lowest rental rate per square foot is in Waynesville, Missouri, where rents average $0.51 per square foot, affording a 2,920 square-foot apartment for those with a $1,500 a month budget.
The data for this report is based on the average price per square foot of units listed on Apartment List over the past six months.
This article originally published at https://dc.urbanturf.com/articles/blog/what-1500-a-month-rents-in-the-dc-area-510-square-feet/13604.
Most Popular... This Week • Last 30 Days • Ever
In this article, UrbanTurf looks at the estimated annual maintenance costs associated... read »
Another concept has been unveiled for one of DC's most contentious development sites,... read »
Renter demand has continued to push Class A apartment rents in the DC region up this ... read »
The big news in the development pipeline east of DC's H Street Corridor is the resur... read »
A new hotel has been pitched for a development site in Mount Vernon Triangle that has... read »
DC Real Estate Guides
Short guides to navigating the DC-area real estate market
We've collected all our helpful guides for buying, selling and renting in and around Washington, DC in one place. Start browsing below!
First-Timer Primers
Intro guides for first-time home buyers
Unique Spaces
Awesome and unusual real estate from across the DC Metro