DataMarkets & Economy

How much rental square footage can you get for $1,500 each month?

Want an easy rental budget? Head to the Midwest
  • Rent Café broke down Yardi Matrix data to determine where $1,500 takes renters the farthest.
  • The average $1,500 apartment in Manhattan is just 271 square feet, or $5.54 per square foot.
  • Houston is one of the best big cities for a $1,500 rental budget, which buys around 1,271 square feet.

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Manhattan / Ryan DeBerardinis / Shutterstock.com A modest budget, based on national standards, might not rent much in San Francisco in terms of square footage. But head toward Middle America, and you could find yourself with an entire single-family home for the next year. To demonstrate how much square footage on a standard budget differentiates across the U.S., Rent Café -- the nationwide apartment search website -- used Yardi Matrix data to illustrate just how much space $1,500 allows in an apartment or home rental. Little room in the big city The average $1,500 apartment in Manhattan is just 271 square feet, or $5.54 per square foot, the report says. That’s the tightest square footage for the budget, supporting the common belief that New Yorkers are unbelievably cramped. The average Manhattan apartment is 727 square feet yet costs a staggering $4,031 per month. In San Francisco, you get a bit more breathing room, at an average 342 square feet ($4.38 per square...