Latest news with #RentCafe
Yahoo
11 hours ago
- Business
- Yahoo
California renters: Do you know what $1,500 gets you in apartment size?
In some California cities, $1,500 in monthly rent might only get you a space under 500 square feet—the same amount that could rent a three- or four-bedroom apartment in other parts of the U.S. To picture what 500 square feet looks like, think of a standard high school classroom—that's about the same size, according to Apartment Another good comparison is a two-car garage, which typically ranges from 400 to 600 square feet, depending on the layout. A recent analysis by Rentcafe looked at how much space $1,500 a month can rent in 200 cities across the U.S., including both large and small markets in California. In Sunnyvale, that's an apartment size of 385 square feet. In the Inland Empire, that's an apartment anywhere from about 500 square feet to less than 700 square feet. Further south, that's a 487-square-foot apartment in Oceanside. But placing these figures next to what you can get outside of California — ignoring factors like differences in the cost of living, housing availability, and what each city has to offer — and renters who prioritize space may find the differences quite jarring. 'Overall, across the nation, renters can get 715 square feet of apartment space for a monthly rent of $1,500,' RentCafe said. 'Still, in 63% of the 200 largest U.S. cities, apartment seekers can get more than the national norm.' Only a handful of cities in the state analyzed in this study can get renters more than 715 square feet for that price. Yet dozens of cities nationwide, including in neighboring states Nevada, Arizona and Oregon, boast more space for the same price. For example, $1,500 gets you over 850 square feet in cities outside of Phoenix like Peoria and Surprise, and over 900 square feet in Las Vegas and other nearby cities like Paradise. Here are the top 10 cities in California with the most space for $1,500 How much square footage can you get for $1,500 in other cities? See list Anaheim: $1,500 a month will get you an apartment that is 516 square feet. The city ranked No. 80 out of the list of 100 large U.S. cities. Fontana: $1,500 a month will get you an apartment that is 599 square feet. The city ranked No. 75 out of the list of 100 smaller U.S. cities. Fremont: $1,500 a month will get you an apartment that is 457 square feet. The city ranked No. 88 out of the list of 100 large U.S. cities. Fullerton: $1,500 a month will get you an apartment that is 488 square feet. The city ranked No. 93 out of the list of 100 smaller U.S. cities. Huntington Beach: $1,500 a month will get you an apartment that is 471 square feet. The city ranked No. 96 out of the list of 100 smaller U.S. cities. Los Angeles: $1,500 a month will get you an apartment that is 426 square feet. The city ranked No. 94 out of the list of 100 large U.S. cities. Oxnard: $1,500 a month will get you an apartment that is 509 square feet. The city ranked No. 88 out of the list of 100 smaller U.S. cities. Riverside: $1,500 a month will get you an apartment that is 572 square feet. The city ranked No. 78 out of the list of 100 large U.S. cities. Salinas: $1,500 a month will get you an apartment that is 503 square feet. The city ranked No. 91 out of the list of 100 smaller U.S. cities. San Francisco: $1,500 a month will get you an apartment that is 325 square feet. The city ranked No. 97 out of the list of 100 large U.S. cities. Here are the top U.S. cities with the most space for $1,500 Top 5 large U.S. cities Top 5 smaller U.S. cities Wichita: 1,329 square feet McAllen, Texas: 1,393 square feet Toledo, Ohio: 1,268 square feet Columbus, Georgia: 1,332 square feet Oklahoma City: 1,247 square feet Macon, Georgia: 1,330 square feet Tulsa: 1,231 square feet Jackson, Mississippi: 1,317 square feet Lubbock, Texas: 1,230 square feet Brownsville, Texas: 1,268 square feet How did RentCafe determine these figures? RentCafe said it calculated how much apartment space you can get for $1,500 a month by using the price per square foot sourced from the average rents and apartment sizes in multifamily properties of 50 or more units by city, using the real estate data source Yardi Matrix. Paris Barraza is a trending reporter covering California news at The Desert Sun. Reach her at pbarraza@ This article originally appeared on Palm Springs Desert Sun: See how much space $1,500 a month gets you across California Solve the daily Crossword
New York Post
17 hours ago
- Business
- New York Post
See how much $1,500/month can rent in NYC — and how tiny it is compared to Tulsa and other cities
In Tulsa, Oklahoma, $1,500 per month in rent can score you a large three-bedroom home with a patio. In Manhattan, you're lucky if you can fit a full-size bed for that sum. Fresh data has revealed just how far a New York dollar can stretch when it comes to renting mere square footage. The annual report by RentCafe analyzed average rents and apartment sizes in 200 large US cities in order to determine the best price-per-square foot bargain. New York City's poor showing in the report should come as no surprise to its residents, who have long lived crammed in like sardines. Manhattan renters with just $1,500 to burn can expect only 216 square feet of living space, according to RentCafe. That's just a fraction of the city's typical studio apartment. 5 Manhattan apartments are the least charitable in the country when it comes to finding cheap space. demerzel21 – 5 A Manhattan one-bedroom looks pitiful compared to what $1,500 can get you in Wichita. RentCafe 5 The rest of the New York City boroughs didn't perform much better in the annual rankings. Tierney – The good news is that Manhattan's shoebox apartments actually gained square footage over the last 10 years — but only by a measly 4 square feet. Brooklyn also enjoyed a 6-square-foot uptick across its rental stock, but Brooklynites on a $1,500 budget should only expect 297 square feet, according to the report. Feeling claustrophobic yet? Consider Queens. The Big Apple's largest borough can offer a relatively cozy one-bedroom for your shoestring budget, with an average offering 345 square feet for $1,500. Yonkers, in Westchester, can provide even roomier accommodations at 471 square feet — larger than what you can get in any of the five boroughs. Renters in need of wide open spaces would have better luck pretty much anywhere else — the national average afforded by $1,500 in 2025 is a comfortable 715 square feet. That amount can stretch even further in 63% of the cities surveyed, according to RentCafe, with some Southern and Midwestern metros offering nearly double the national average. 5 Space is a precious commodity in NYC, but other regions of the country offer plenty of room to grow. fizkes – 5 A $1,500 monthly sum in Wichita, Kansas can afford you a practically palatial rental. Matt Gush – If you have little to spend, and a whole lot of furniture, head to McAllen, Texas or Wichita, Kansas. These cities, as well as Tulsa, offer square footage nearing 1,400 square feet for peanuts. Cramped New Yorkers who want to stay in-state should look to Rochester, which ranked first place in the Northeast rankings. The city can offer a comfortable, 903-square-foot two-bedroom for $1,500, as can runner-up Buffalo, at 835 square feet.
Yahoo
24-07-2025
- Business
- Yahoo
Here's How Much It Costs To Live In the 10 Cities Renters Love Most in 2025
Summer is by far the busiest moving season of the year, with nearly 60% of U.S. moves taking place May through August. Renters face steep competition and rent prices hit their peak nationwide. Where do these renters want to live? New research from RentCafe determined the cities that are getting the most online engagement on its website during the full first quarter of 2025. Find Out: Read Next: Below are the top 10 cities found to have the highest engagement scores, according to RentCafe. GOBankingRates found the cost of living in each city as compared to the national average using data from RentCafe and found the average monthly rent using Zillow. See where renters are looking to move. 10. St. Paul, Minnesota Renter engagement score: 80.68 Cost of living, as compared to the national average: 6% lower Average monthly rent: $1,400 Explore More: 9. Cleveland Renter engagement score: 82.4 Cost of living, as compared to the national average: 9% lower Average monthly rent: $1,200 8. Los Angeles Renter engagement score: 82.69 Cost of living, as compared to the national average: 49% higher Average monthly rent: $2,775 7. Columbus Renter engagement score: 83.12 Cost of living, as compared to the national average: 5% lower Average monthly rent: $1,495 6. Minneapolis Renter engagement score: 83.73 Cost of living, as compared to the national average: 6% lower Average monthly rent: $1,600 5. Chicago Renter engagement score: 87.33 Cost of living, as compared to the national average: 15% higher Average monthly rent: $2,000 4. Atlanta Renter engagement score: 87.67 Cost of living, as compared to the national average: 4% lower Average monthly rent: $2,095 3. Kansas City, Missouri Renter engagement score: 88.33 Cost of living, as compared to the national average: 9% lower Average monthly rent: $1,395 2. Cincinnati Renter engagement score: 95.44 Cost of living, as compared to the national average: 4% lower Average monthly rent: $1,420 1. Washington, D.C. Renter engagement score: 100 Cost of living, as compared to the national average: 42% higher Average monthly rent: $2,548 More From GOBankingRates 3 Reasons Retired Boomers Shouldn't Give Their Kids a Living Inheritance (And 2 Reasons They Should) This article originally appeared on Here's How Much It Costs To Live In the 10 Cities Renters Love Most in 2025
New York Post
14-07-2025
- Business
- New York Post
Here's how many renters compete for 1 NYC apartment — but it's worse elsewhere in the nation
Surprise, surprise: Manhattan currently ranks among the top five most competitive rental markets in the country. The Big Apple rose the ranks of RentCafe's most recent report on rental competitiveness nationwide. Manhattan is currently the fifth most competitive rental market in the country, according to the data. Demand is high, turnover is low and vacancies are brief. It's the rental market that never sleeps. Advertisement 4 Supply can't keep up with ever-growing demand from New York City renters. Christopher Sadowski 4 Summer marks the busy season for the Manhattan's already-tight rental market. Bloomberg via Getty Images Manhattan's median rent reached another record high in June, according to a report by appraiser Miller Samuel and Douglas Elliman, marking the fourth broken record in five months. Advertisement Not only was the median rent on a new Manhattan lease a whopping $4,625 last month, but the competition for these units is fiercer than ever. In Manhattan, 25% of rentals incurred bidding wars in June — a fraught process typically reserved for homeowners. More than half of Manhattan renters understandably chose to stay put in the first quarter of 2025, according to RentCafe's analysis of Yardi data. Lease renewals reached 70% in that period. Fewer vacant apartments meant crowded open houses — 11 renters were competing for each open apartment, the report found. That's an increase from just seven renters pet unit during the same period last year. The high-pressure environment is resulting in vacant apartments leaving the market five days faster than the same period last year, resulting in the typical rental unit spending an average of 45 days for rent. Advertisement 4 Median rents are repeatedly reaching record highs this year. Christopher Sadowski 4 Manhattan is a notoriously expensive place to live, but that's not stopping eager renters from competing for spots. Getty Images Manhattan certainly isn't the only city where renters are feeling the heat. Miami renters are facing far greater competition for housing, according to RentCafe. The Sunshine State's largest city boasts an occupancy rate of 96.6% in the first quarter of 2025, with 21 prospective renters per unit and average vacancies of just over a month. Suburban Chicago and Broward County, Florida took second and third places, followed by Eastern Los Angeles and suburban Philadelphia. Advertisement Fierce competition for rentals in Florida locales like Miami and Broward County contrast sharply with reports of stalling home sales across the state. Broward County saw an 18% year-over-year decline in home sales and a 24% drop in condo closings in May, according to recent data from the Miami Association of Realtors. Homebuyer hesitancy extends from the Floridian coast to the Big Apple. 'With high mortgage rates and economic uncertainty, renting is looking more attractive than buying for many people right now,' said Doug Ressler, manager of business intelligence at Yardi Matrix, which provides data to RentCafe.
CBS News
10-07-2025
- Business
- CBS News
Southern cities offer U.S. renters the best value in 2025, analysis finds
Affordability gap: Most Americans not making enough to cover basic costs of living As record-high home prices squeeze more Americans out of the housing market, rising rents across the country are proving equally daunting. Yet some cities offer decided advantages for renters when it comes to affordability and other benefits, a recent analysis finds. Drawing on Census and other data, looked at 20 key metrics — from apartment quality and economic strength to traffic, air quality and access to natural amenities — across 150 U.S. cities. Metro areas were ranked based on their cost of living and housing prices, local economic growth and quality of life. Southern cities top the rankings, with McKinney, Texas; Sarasota, Florida; Atlanta; Austin, Texas; and Huntsville, Alabama, occupying the top five slots of best places for renters to live. With high scores in cost of living and strong local economies, cities in the South account for more than a third of the 150 metro areas. Historic downtown district in Sarasota, Florida. Getty Images In the No. 1 spot is McKinney, Texas, which ranks fourth nationwide in overall affordability and ninth in quality of life, according to RentCafe. The suburb of northern Dallas boasts a lower-than-average cost of living, an ample stock of high-end apartments and steady job growth. Such attributes make McKinney, which has a population of 224,000 and median annual household income just of roughly $120,000, "an ideal choice for renters seeking a small-town atmosphere without sacrificing the perks of a larger urban center," according to the report. Renters less conerned with affordability may be drawn to cities like Boston and Albany, New York, where standards of living are high and apartments are "top-tier," according to the report. Commonwealth Avenue in Back Bay, Boston. Getty Images The Northeast's top-ranking city, Stamford, Connecticut, is No. 53 on the list but ranks 10th nationwide in quality of life, making it "an ideal choice for young professionals." Among Western cities, where work/life balance reigns supreme, Gilbert, Arizona, is the country's No. 12 best city for renters, ranking 10th nationwide in cost of living and housing. The fourth-largest city in Arizona, Gilbert was listed as the No. 8 best place to raise a family in the U.S. by WalletHub in 2025. Aerial shot of houses built around an artificial lake in Gilbert, Arizona. Getty Images/iStockphoto The Midwest makes its first appearance on list at No. 18, with Sioux Falls, South Dakota. Known for its parks and namesake cascades, Sioux Falls ranks 19th nationwide in cost of living and housing and 18th in local economy. See here for RentCafe's complete list of best cities for renters.
