The Average Cost of One Bedroom Apartments in 50 Major U.S. Cities
Before planning a big move, it's important to have a clear picture of what your new city will cost you. TIME Money recently shared the results of a study conducted by GoBankingRates that reveals what the average person pays in rent for a one-bedroom apartment in 50 cities across the country.
To create its thorough overview of the current national rental market, GoBankingRates used information from Zillow's rental index for March 2016, including median rent prices and square footage. It also used the cost of living database Numbeo to find the average cost of utilities and WalkScore.com and Apartmentguide.com to help calculate walkability and the percentage of apartments with such desirable amenities as dishwashers, washer-dryers, fitness center access, and parking.
The data reveals what many renters and apartment hunters may already know: There is often a sizable difference in apartment prices within the same state. Renters who live in one bedroom apartments in San Francisco, for example, pay $3600 each month, more than three times what residents of Sacramento pay. Similarly, renters in Newark, New Jersey pay $850 for 650 square feet, while nearby New Yorkers pay $2200 (and get an additional 100 square feet).
Check out the average rent prices in our chart below, and head over to GoBankingRates for a more detailed breakdown of its findings.
|San Francisco, California||$3600|
|San Jose, California||$2536|
|New York, New York||$2200|
|Los Angeles, California||$2014|
|San Diego, California||$1760|
|New Orleans, Louisiana||$1298|
|Charlotte, North Carolina||$1265|
|Virginia Beach, Virginia||$975|
|Las Vegas, Nevada||$875|
|Newark, New Jersey||$850|
|San Antonio, Texas||$830|
|Kansas City, Missouri||$795|
|Colorado Springs, Colorado||$750|
|Albuquerque, New Mexico||$715|
|St. Louis, Missouri||$700|
|Oklahoma City, Oklahoma||$650|
|El Paso, Texas||$600|