May 19, 2023 - Real Estate
Here's how much space $1,500 in rent will get you in North Carolina
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A budget of $1,500 will get you an under 900-square-foot apartment in Raleigh and Durham.
- That's better than the national average of 782 square feet for $1,500 but among the least amount of space in North Carolina, according to a new report from RentCafe.
Why it matters: Rents have been surging in the Triangle area since the pandemic — meaning renters are often getting much less space than they used to for the same price.
Zoom in: Only in Charlotte would a renter get less space for $1,500 a month, according to RentCafe.
- Renters in the Triad or Fayetteville, on the other hand, are getting more than 1,100 square feet for the same price.
Yes, but: While Triangle prices are quickly catching up to those in larger cities, transplants could see rent relief when relocating here.
- $1,500 a month would get you 243 square feet in Manhattan, 320 square feet in Boston, 336 square feet in San Francisco and 484 square feet in D.C.
Go deeper: As the Triangle grows denser, developers are building more micro apartments