NO SPACE TO WASTE
This is how big an apartment renters get for $1,500 in Fort Worth
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.
For renters who have a budget of $1,500 a month, the average apartment size they can get in Fort Worth spans about 909 square feet. The good news: That's almost 100 square feet more than they get in Dallas (805).
That’s according to a new study by apartment rental marketplace RentCafe.
In Arlington, renters get even more bang for their buck, at 928 square feet for the same budget.
Residents of the Dallas suburb of Mesquite, by far, get the most space in DFW, at 999 square feet for $1,500. Those in neighboring Garland come close, with 937 square feet.
The DFW cities that offer 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.