From market-to-market a renter’s dollar stretches to different lengths. That’s not a novel concept, but the degree to which analysts at RENTCafé examined the concept is.
RENTCafé, an apartment search website, explored the apartment value a renter would get for $1,500, depending on where he or she goes in the U.S. For the sake of simplicity, RENTCafé substituted value with square footage—based on the average price per square foot data in each city, courtesy of its sister company Yardi Matrix.
Below is an infographic in which the 100 most populous cities in the country are featured. Cities like New York City, San Francisco, Boston, and Jersey City don’t provide much bang for the buck, unsurprisingly, but Middle America does. Wichita, Kan. offers the most space for $1,500, followed immediately by Memphis, Tenn.
Hover over the tiles and see how much space $1,500 gets a renter in each of the country's 100 most populous cities:
Also, RENTCafé came up with a calculator to see how much space one’s monthly rent would get him or her in other large U.S. cities: