Where Renters Get the Most & Least

by Martin Armstrong (Statista)

This chart shows the average size of residential property available for a monthly rent of $1,500 in popular global cities.

Analysis of Yardi Matrix data by RENTCafé has revealed the cities where renters get the best and worst deal when it comes to space.

If you're looking to rent a place in Istanbul and have a monthly budget of $1,500 at your disposal, you're going to be able to stretch your legs out with an average of 176 square meters.

In Manhattan though, the story is quite different. With such a budget, renters can only expect to have 26 square meters to live in.

Our chart shows the average space you would get in 25 popular cities around the world.

The cost of renting varies widely depending on the location. Here are some of the places where renters pay the most and least:

Most expensive cities for renters:

    San Francisco, CA

    The average rent for a one-bedroom apartment is around $3,000 per month.

    New York, NY

    The average rent for a one-bedroom apartment is around $2,800 per month.

    Boston, MA

    The average rent for a one-bedroom apartment is around $2,500 per month.

    Los Angeles, CA

    The average rent for a one-bedroom apartment is around $2,300 per month.

    Washington, DC

    The average rent for a one-bedroom apartment is around $2,200 per month.

Least expensive cities for renters:

    Wichita, KS

    The average rent for a one-bedroom apartment is around $600 per month.

    Toledo, OH

    The average rent for a one-bedroom apartment is around $650 per month.

    Memphis, TN

    The average rent for a one-bedroom apartment is around $700 per month.

    Tucson, AZ

    The average rent for a one-bedroom apartment is around $750 per month.

    Oklahoma City, OK

    The average rent for a one-bedroom apartment is around $800 per month.

Keep in mind that these are averages, and the cost of renting can vary depending on the neighborhood, the size and type of apartment, and other factors.

 

Real Estate - "Where Renters Get the Most & Least"