Your monthly rental budget is $1,500. How much apartment space can you get in the Dallas-Fort Worth area with that kind of dough?
RENTCafé answered that question and offered an even more national perspective in a recent analysis of apartment costs.
The nationwide apartment listing service calculated the costs using price per square foot derived from the average rents and average size of apartments by city using Yardi Matrix data.
Here are the highlights for D-FW:
- Living is smaller in the big city: In Dallas proper, renters can spend $1,500 and score an apartment as large as 881 square feet, which is slightly larger than the average one-bedroom. In Fort Worth, renters can live larger, getting 988 square feet for $1,500. Nationally, those totals rank Fort Worth 38th and Dallas 50th.
- Living is larger in the suburbs: If you count Greenville, you can get 1,300 square feet for $1,500. In Balch Springs, $1,500 will get you 1,271 square feet. In Lancaster, 15 c-notes will get you 1,240 square feet.
- On the opposite end: $1,500 will get you 702 square feet in Flower Mound, 797 in Frisco, and 811 in The Colony.
In Texas, three cities rank in RENTCafé’s top 20 cities with the most space: Lubbock (1,361 square feet), El Paso (1,305), and Corpus Christi (1,153).
It’s interesting to see what $1,500 will get you in other markets. In Wichita, Kan., renters can get 1,597 square feet. In New York City, $1,500 will get 262 square feet — slightly smaller than the ad or deuce courts (the ones where your serve must land) on a tennis court. For more perspective, you could fit six Manhattan apartments in one Wichita apartment for $1,500.
Report review: RENTCafé’s study is an enlightening look at apartment costs and a worthy rabbit hole to dive into. 🐇
