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 a city like Austin, 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 Austin spans about 714 square feet. That’s according to a new study by apartment rental marketplace RentCafe. The 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.
Austin is at the bottom of the list in the overall analysis of Texas cities with the smallest space for the price. In Killeen, which is only 70 miles north, renters can find apartments that span a whopping 1,095 square feet. San Antonio renters can similarly find apartments that are nearly 300 square feet larger for the same budget.
If you head to the Houston area, Pasadena residents get an average of 1,180 square feet of space for $1,500 a month, whereas renters searching for apartments in Houston proper will only get about 997 square feet.
Renters looking to live in Fort Worth or Dallas will notice a nearly 100 square foot difference between apartments, at 909 and 805 square feet, respectively. Residents can get the most bang for their buck in the suburbs 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 Garland and Arlington get an average of 937 and 928 square feet for the same budget.
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.
Here’s how much space you can rent for $1,500 a month in other Texas cities:
- Amarillo – 1,318 square feet
- El Paso – 1,222 square feet
- Lubbock – 1,218 square feet
- Corpus Christi – 1,126 square feet
- Grand Prairie – 873 square feet
- Denton – 868 square feet
- Irving – 848 square feet
- McKinney – 809 square feet
- Plano – 766 square feet
- Frisco – 740 square feet
The full report can be found on rentcafe.com.