What do you pay for rent? - Business, Finances and Investing Forum

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What do you pay for rent?

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01-16-2012 , 06:30 PM

Typesh05

grinder

Join Date: Mar 2008 Posts: 402

I think it would be interesting to see what kind of $$ people around the country (USA) pay for rent. A quick description of the kind of area you live in would help.

2 bedroom apt in NYC: $1350/month + utilities, electric, etc.

I don't think you can find a smaller space for more money anywhere else in the world...

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01-16-2012 , 07:26 PM

Decon50

journeyman

Join Date: Dec 2008 Posts: 320

Quote:

Originally Posted by Typesh05

2 bedroom apt in NYC: $1350/month + utilities, electric, etc.

thats pretty f'ing cheap for NYC.

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01-16-2012 , 07:35 PM

Henry17

Carpal \'Tunnel

Join Date: Aug 2007 Posts: 27,710

That is pretty cheap for most desirable cities. Even if you assume it is a tiny two bedroom that isn't much at all.

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01-16-2012 , 08:30 PM

Picasso

adept

Join Date: Aug 2010 Posts: 829

i didnt know you could get a 1 bedroom for that price in nyc

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01-16-2012 , 09:48 PM

ahnuld

Carpal \'Tunnel

Join Date: May 2005 Posts: 17,592

typesh do you mean your share of the rent is 1350 or the entire rent for the 2 bedroom is 1350?

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01-16-2012 , 09:54 PM

PFUNK

banned

Join Date: Jul 2008 Posts: 1,283

Fortunately free right now, but here in Austin, TX rents are the highest they have ever been, averaging about $850 for a 1-bedroom I believe.

Pricing downtown (highest costing area obv.) is about $2.50-$3.00 per sq. ft., so your small (650 sq.ft) 1 bedroom in a high rise downtown will be in the $1,600-$2,000 range.

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01-16-2012 , 10:02 PM

twofingerted

banned

Join Date: Aug 2011 Posts: 673

Like 3.50k a month in Chicago

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01-16-2012 , 10:07 PM

Typesh05

grinder

Join Date: Mar 2008 Posts: 402

Quote:

Originally Posted by ahnuld

typesh do you mean your share of the rent is 1350 or the entire rent for the 2 bedroom is 1350?

I probably should have mentioned that is my share of the rent. $2700/month total.

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01-16-2012 , 10:09 PM

Blyleventhedude

stranger

Join Date: Jan 2012 Posts: 3

2195 per month, alcove studio w/ doorman on upper west side NYC

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01-16-2012 , 10:14 PM

#10

DOOM@ALL_CAPS

old hand

Join Date: Feb 2010 Posts: 1,326

Quote:

Originally Posted by twofingerted

Like 3.50k a month in Chicago

I was just talking to someone who said rent is cheap in chicago. Is that not the case?

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01-16-2012 , 10:31 PM

#11

dalerobk

veteran

Join Date: Jul 2005 Posts: 2,933

Quote:

Originally Posted by DOOM@ALL_CAPS

I was just talking to someone who said rent is cheap in chicago. Is that not the case?

Chicago is a big place, afaik.

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01-17-2012 , 04:00 AM

#12

feedmykids

Carpal \'Tunnel

Join Date: Feb 2007 Posts: 7,689

Paid 1500/mo + utilities in NYC (Murray hill) but lived with 7 other people in a 5 story brownstone.

Paid 750/mo + utilities in Henderson (basically vegas) lived alone.

About to rent a 3 bedroom house in Vegas for 1140/mo total (lol) and live with someone else.

God bless vegas

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01-17-2012 , 09:15 AM

#13

Doug Funnie II

Carpal \'Tunnel

Join Date: May 2006 Posts: 7,442

I live in a relatively nice suburb 10 minutes north of Boston. A decent equation for rent for a unit in my area is:

Total Rent = $700 + $500*number of bedrooms

Utilities not included.

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01-17-2012 , 09:43 AM

#14

ChicagoPoker

old hand

Join Date: Aug 2005 Posts: 1,643

Quote:

Originally Posted by DOOM@ALL_CAPS

I was just talking to someone who said rent is cheap in chicago. Is that not the case?

I lived all over the north side for six years. Wrigleyville, Lakeview, Lincoln Park, etc.

I paid between $900-$1200 for a 1 bedroom in that time.

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01-17-2012 , 10:57 AM

#15

grizy

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Join Date: Dec 2006 Posts: 20,796

Quote:

Originally Posted by Decon50

thats pretty f'ing cheap for NYC.

Its only slightly below market for small ones past 150th street or so. You can find even cheaper ones in older buildings. Apartments on the fifth floor without elevator access can be great bargains if you like walking.

.... But a lot of people wouldn't even consider 150th street nyc.

2500 to 3000 minimum if you want to stay near the shopping and nightlife centres

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01-17-2012 , 11:30 AM

#16

solucky

veteran

Join Date: Jul 2004 Posts: 2,480

WOW seems for me still like a RE bubble.

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01-17-2012 , 11:35 AM

#17

cwar

Carpal \'Tunnel

Join Date: Dec 2005 Posts: 11,127

Quote:

Originally Posted by grizy

I've definitely seen $2700/month in the upper east side it also depends on the month as well.

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01-17-2012 , 11:49 AM

#18

Jzo19

Carpal \'Tunnel

Join Date: Feb 2007 Posts: 11,333

miami , 1 bedrooms go for 900-1200 , about double that if you want to live downtown or at the beach

i share a 3 bedroom house with a roomate for 2200 w/o utilities between us , have a ton of space , nice backyard , pool and live about 10 min from beach / downtown

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01-17-2012 , 12:05 PM

#19

dalerobk

veteran

Join Date: Jul 2005 Posts: 2,933

I pay $670 (internet and cable included) for a two bedroom in a college town in the South. The cost of living in the college town is significantly higher than the rest of the state...

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01-17-2012 , 12:16 PM

#20

Stormwolf

old hand

Join Date: Oct 2004 Posts: 1,301

I pay $466 with energy, water and wifi included. 1 bedroom + bathroom in Sao Paulo, Brazil. Really tiny apartment, more like a cell but its cheap

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01-17-2012 , 12:21 PM

#21

CrazCo

centurion

Join Date: Sep 2009 Posts: 106

i pay ~450 a month + utilities in Halifax (city in Canada). I live really close to the University Campus (~5 min walk) and it's actually pretty sizeable. I live with 3 other people.

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01-17-2012 , 01:02 PM

#22

Decon50

journeyman

Join Date: Dec 2008 Posts: 320

Quote:

Originally Posted by Typesh05

I probably should have mentioned that is my share of the rent. $2700/month total.

that makes a lot more sense. my experience in NYC: i paid $2500 for a tiny 2br in the east village (4 yrs ago), then $2000 for a big 2br in Astoria (queens), then $1400 for a studio in Jersey City.

Currently paying $1400 for a 2br in downtown San Diego, which is below market rate.

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01-17-2012 , 01:05 PM

#23

JoeeDB

journeyman

Join Date: Oct 2009 Posts: 372

My mortgage payment is 270 a month =). Glad i don't live in a big city lol

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01-17-2012 , 01:08 PM

#24

grizy

Carpal \'Tunnel

Join Date: Dec 2006 Posts: 20,796

Quote:

Originally Posted by cwar

I've definitely seen $2700/month in the upper east side it also depends on the month as well.

Me too. I was talking about the smallest ones in older buildings. Some 2bedroom listings are more like 1 bed + a den.

I currently live in Jersey City (Newport) and I am paying a legacy rate of ~2200 for a 2 bedroom (it's like 3000 for new tenants)