Gen Y renters hoping to stay on a budget in some of the hotter rental markets around the country face an uphill battle.
Last month, Forbes reported the average rent for a one bedroom in New York City is now $1789, and in Boston, $1814. Still, there are innovative ways to appeal to renters on a budget. And that’s the basis for my new weekly blog,featuring creative rentals in different cities around the country, starting with $1500 and pricing up or down, depending on the market.
Beginning this week in the Pacific Northwest, and making my way around the country, I’ll scour Zillow and Trulia for rentals that would appease even the pickiest occupants. Here’s a look at what’s renting this week in Seattle and Portland for around $1500:
An 871 square foot, one-bedroom condo on Portland’s McCormick Pier is renting for $1500/month. Located close to downtown Portland and featuring waterfront views, the condo has a modern look with an updated kitchen. The complex it’s in was built in 1982 and offers a pool and hot tub, sundeck, marina and onsite cafe.
A one bedroom loft is renting for between $1465 and $1500/month in the Crane Lofts, a historic property built in 1909, listed on the National Registry of Historical Place and recently restored. The location is in Portland’s Pearl District. The unit is 634 square feet and has historic features including maple flooring and original sash windows that were restored. The appliances, however, are modern, including an in-unit washer/dryer.
A 29th floor, 722 sq. foot condo is renting on Virginia Street in Seattle for $1500/month. The unit looks ultra modern, but views from the living room space appear to be obstructed. The Zillow listing says it’s a one bedroom with a walk-in closet and “spa like” bath. There’s also a bonus nook for an office.
A 626 square foot condo is renting in the Queen Anne neighborhood for $1500/month. The listing says it’s one of the largest one bedrooms in a very trendy looking complex. It features a tiled patio area and the rent includes one parking space. The unit was recently upgraded.