In the event you’ve seemed for a rental recently, or in case you learn the information, you doubtless know that dwelling rents are rising in each state, reaching a median of $1,326 this year–and a median asking value of $1,900 for renters seeking to transfer to a brand new place. That is likely to be worrisome information in case you’re an entrepreneur making an attempt to maintain your residing prices down whilst you begin your business–or in case you’re involved about inexpensive housing on your firm’s staff.
To make issues a bit simpler, the condo rental website RentCafe has compiled an inventory of cities the place condo renters can get greater than 1,100 sq. ft of area for $1,500 a month or much less. The location mixed these with its listing of finest cities for renters (based mostly on the whole lot from accessible jobs to air high quality, in addition to affordability) to rank the 20 finest choices.
In the event you or your staff are renters (or in case you’re deciding the place to find your startup) it is value trying out the entire listing. Listed here are the highest 5, the place $1,500 will get you 1,300 sq. ft or extra. That is roughly the scale of a small home. Evaluate that to an costly California metropolis like San Diego, the place $1,500 will get you lower than 500 sq. ft.
1. Amarillo, Texas
Common lease: $879Average area for $1,500: 1,411 sq. ft
Amarillo (“yellow” in Spanish) is the most important metropolis within the Texas Panhandle, with a inhabitants of simply over 200,000. As soon as thought of the helium capital of the world, Amarillo’s economic system is now pushed by the meat-packing business, with a few quarter of the nation’s beef processed there, in addition to oil extraction. Walmart, Bell Helicopter Textron, and Owens-Corning are main employers. So is Pantex, the one nuclear weapon meeting and disassembly plant within the U.S.–Amarillo is usually referred to as “Bomb Metropolis” in consequence. It is quantity 23 on RentCafe’s rating of finest cities for renters.
2. Little Rock, Arkansas
Common lease: $946Average area for $1,500: 1,395 sq. ft
Little Rock is the capital of Arkansas and the state’s largest metropolis, with a inhabitants of about 203,000. Dillard’s Division Shops and Windstream Communications are headquartered there, and town additionally has a department of the Federal Reserve Financial institution of St. Louis. Dassault Falcon Jet, Siemens, Kroger, L’Oreal, and Timex are main employers. And, in fact, it is the headquarters of the Clinton Basis. Little Rock is quantity 37 on RentCafe’s rating of finest cities for renters.
3. Oklahoma Metropolis
Common lease: $917Average area for $1,500: 1,390 sq. ft
In the event you wished to be redundant, you possibly can name it by its official identify: Metropolis of Oklahoma Metropolis, Oklahoma–but many residents simply name it “OKC.” It is the state’s capital and largest metropolis, and with a inhabitants of about 688,000, it is also the twentieth most populous metropolis within the nation.
Chesapeake Vitality and Devon Vitality have headquarters there, as do Paycom and Interest Foyer. Oklahoma Metropolis ranked forty fourth in RentCafe’s listing of high cities for renters.
4. Cellular, Alabama
Common lease: $1,042Average area for $1500:
Named for the previous Cellular tribe, Cellular is Alabama’s solely coastal port, with transport, ship constructing, and metal vital native industries. Airbus additionally has a plant there. The town’s inhabitants is about 187,000, and Cellular ranked quantity 45 on RentCafe’s finest cities for renters.
5. Memphis, Tennessee
Common lease: $1,032Average area for $1,500: 1,323
Memphis is the biggest metropolis on the Mississippi River and naturally, it is the house of Elvis Presley’s mansion Graceland. It is also the house of the Nationwide Civil Rights Museum, and Memphis has the biggest Black inhabitants within the state. Total, the inhabitants of Memphis is 633,000.
The town’s location makes it a transportation middle. FedEx is headquartered in Memphis and has its main hub there, making Memphis Worldwide the world’s busiest cargo airport. A shocking variety of films had been shot in Memphis, together with The Agency, Hustle and Circulate, and Nice Balls of Hearth! And Memphis gained seventh place on RentCafe’s listing of finest cities for renters. That is likely to be an excellent purpose to test it out.