How much space does $1,500 get you in Miami?

by Emily Mack

Like the housing market, apartment rental prospects have transformed in recent years. Our expectations and desires have shifted, with renters searching for more space. And, according to a new study from RentCafe, Miami is on the pricier side.

Of the 100 largest cities in the U.S., Miami ranked at No. 79 when it came to affordable space. A monthly budget of $1,500, on average, affords you just 647 square feet of space in the South Florida hotspot. And, on average, Miami residents pay a bit more than that: $2,056 for an 887-square-foot apartment.

Other areas within the Miami metro also offer less expensive alternatives. In the Miami-Dade suburb of Homestead, $,1500 will get you 1,021 square feet of space. And in the Broward suburbs of Lauderhill and Lauderdale Lakes, the same budget can afford 979- and 879-square-foot apartments, respectively.

via RentCafe

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