NO SPACE TO WASTE
We all know what renters dream about when they’re not thinking about the logistics of owning a home: low rent prices with the perfect amount of space. In cities across Dallas-Fort Worth, that’s getting harder and harder to come by.
In fact, for renters who have a budget of $1,500 a month, the average apartment size they can get in Dallas spans about 805 square feet. That’s according to a new study by apartment rental marketplace RentCafe.
If you head to a suburb like Mesquite, Garland, or Arlington, residents can get the most bang for their buck with an average apartment size well into the 900-square-foot range.
Mesquite residents, by far, get the most space, at 999 square feet, whereas renters in the latter two cities get an average of 937 and 928 square feet for the same budget.
Renters might consider looking to Fort Worth as well, where they can get an apartment that’s an average of 909 square feet (almost 100 more than Dallas) with $1,500 a month.
The worst offenders that have the smallest space for the price are Plano and Frisco. Plano renters have to make do with an average apartment size of 766 square feet, while Frisco renters get even less space, at 740 square feet. That’s more than 200 square feet less than an apartment in Mesquite.
RentCafe’s study looked at data from their sister site, Yardi Matrix, to determine the average size and price per square foot for a $1,500 monthly budget in 200 of the largest American cities.
Here’s how much space you can rent for $1,500 in other Dallas-Fort Worth-area cities:
- Grand Prairie – 873 square feet
- Denton – 868 square feet
- Irving – 848 square feet
- McKinney – 809 square feet
Elsewhere in Texas, apartments in the Rio Grande Valley have the best price per square foot in the state. McAllen residents get the most space out of any other Texas city with an average apartment size of 1,471 square feet. Renters in Brownsville, which is 60 miles east on the border, can get a similarly sized apartment that’s 1,307 square feet for the same $1,500 a month budget.
Much like Mesquite, Houston residents can find apartments that are just under 1,000 square feet for the same budget. But that doesn’t go nearly as far in Austin, where renters can find apartments that are an average of 714 square feet.
The full report can be found on rentcafe.com.