|By PR Newswire||
|March 11, 2014 05:00 AM EDT||
CHICAGO, March 11, 2014 /PRNewswire/ -- Apartments.com recently analyzed data from the top 100 most searched markets on its website to compare the vast variety of apartments available for around $1,000 a month in cities across the country. The research results indicate that "location, location, location" is still the factor that matters most of all in determining how much money renters pay each month for the place they call home. Even in some of the largest and most expensive cities, renters can end up paying around $1,000 a month if they explore creative solutions, such as looking for apartments in nearby neighborhoods or suburbs, splitting rental costs with a roommate, or committing to a longer- term lease in exchange for lower rent.
"There are still many rental properties available in top U.S. markets that have an average monthly rent of $1,000 or less," said Dick Burke, president of Apartments.com. "Despite the fact that we're experiencing one of the lowest apartment vacancy rates in more than a decade, apartment seekers who remain flexible by looking at a variety of neighborhoods, apartment sizes and living arrangements often end up securing the best deals."
Small Rents in Big Cities
Many popular locations, including New York, Los Angeles, Chicago, Philadelphia, Boston, San Francisco and Washington DC, do not even have studio apartments available for an average rent of less than $1,000/month. However, there are still many great cities that offer one bedroom apartments for under $1,000:
- Atlanta, GA - $966
- Portland, OR - $955
- Austin, TX - $948
- Dallas, TX - $914
- Houston, TX - $913
- Tampa, FL - $845
- Cleveland, OH - $791
- San Antonio, TX - $758
- Phoenix, AZ - $715
- Las Vegas, NV - $693
Enormous Deals: More Space for Your Money
Space to spread out is often one of the most important factors when choosing where to call home, especially for families with kids and renters with pets. These "best value" cities offer large (some would say huge) apartments with average monthly rents under $1,000:
- Las Vegas, NV - $993 (3 BR)
- Cincinnati, OH - $938 (3 BR)
- San Antonio, TX - $993 (2 BR)
- Richmond, VA - $975 (2 BR)
- Kansas City, MO - $904 (2 BR) and $1,004 (3 BR)
- Phoenix, AZ - $875 (2 BR)
Split the Cost: Significant Others & Roommates
For one reason or another, many renters find themselves doubling up, sharing space with either a significant other or roommate. By sharing love (and rental costs) with a significant other, many more options open up in sought-after areas that may not be attainable if going about it alone. By splitting the costs, love birds can nest in popular major cities, for around $1,000 each. Options include:
- Chicago: $1,487 (1 BR) = $743.50 each
- Los Angeles: $1,705 (1 BR) = $852.50 each
- Washington DC: $1,796 (1 BR) = $898 each
- New York: $1,991 (Studio) = $995.50 each
- Boston: $2,060 (Studio) = $1030 each
- San Francisco: $2,088 (Studio) = $1044 each
For renters who may not be romantically involved but don't mind sharing space with friends (as long as they have their own separate bedrooms), The Windy City and The City of Brotherly Love are ideal locations for going halvsies, with each roommate paying around $1,000 for a 2 bedroom apartment:
- Chicago: $2,161 (2 BR) = $1080.50 each
- Philadelphia: $1,636 (2 BR) = $818 each
Affordable Neighborhoods: Not Quite the Boondocks
Living right in the heart of a major metropolis requires paying a premium for rent. There are many hidden gems tucked away in cool neighborhoods and nearby suburbs of even the most expensive cities, that are often more affordable. Locations worth considering include:
Lowell, MA - $801 (Studio)
Taunton, MA - $950 (1 BR)
Skokie, IL - $725 (Studio)
Oak Park, IL - $996 (1 BR)
Van Nuys - $910 (Studio)
Riverside, CA - $936 (1 BR)
Staten Island - $875 (Studio)
Bronx - $906 (Studio)
Wayne, PA - $960 (1 BR)
Camden, NJ - $966 (1 BR)
Alameda, CA - $903 (Studio)
Vallejo, CA - $927 (1 BR)
Fredericksburg, VA - $862 (Studio)
Laurel, MD - $971 (Studio)
Rents on the Rise
A few cities that offered average monthly rental costs of under $1,000 are now more expensive. In most cases, if renters are willing to downsize they can still find options in these cities for less than $1,000. Unfortunately, in some instances that is not possible, making the case for locking into longer-term leases at current rents.
- Miami: $900 (Studio, 2012), $1105 (Studio, 2013), no options currently under $1,000
- Denver: $912 (Studio, 2012), $1010 (Studio, 2013), no options currently under $1,000
- Milwaukee: $981 (1 BR, 2012), $1004 (1 BR, 2013), $823 (Studio, 2013)
- Orlando, FL: $942 (2 BR, 2012), $1001 (2 BR, 2013), $839 (1 BR, 2013), $789 (Studio, 2013)
- Tampa, FL: $962 (2 BR, 2012), $1051 (2 BR, 2013), $845 (1 BR, 2013), $779 (Studio, 2013)
- Charlotte, NC: $973 (2 BR, 2012), $1049 (2 BR, 2013), $847 (1 BR, 2013)
- Columbus, OH: $981 (3 BR, 2012), $1031 (3 BR, 2013), $852 (2 BR, 2013), $672 (1 BR, 2013)
- Saint Louis, MO: $921 (3 BR, 2012), $1201 (3 BR, 2013), $775 (1 BR, 2013), $577 (Studio, 2013)
Apartments.com compiled this data based on average rent prices for the top 100 most searched rental markets on Apartments.com from October, November, December 2013 (Q4 2013). Year over year comparisons are based on annual average rent prices on Apartments.com for the months indicated. For more in-depth information about specific cities, please contact Matt Miller at [email protected].
Apartments.com (http://www.apartments.com) is a leading national apartment Internet listing subscription service with more than 50,000 unique addresses representing millions of rental units from managed properties, newspaper classifieds and for-rent-by-owner properties. By incorporating the most relevant products to reach renters including personalized searches and highly visual ads featuring live chat, real-time rent, online video walk-through demonstrations, professional photography, a responsive website and iPhone and Android apps, Apartments.com creates easy access to its listings. Providing unmatched exposure to its advertisers through an intuitive name, strategic search engine placements and featured partnerships and more than 120 newspaper websites and innovative emerging media, Apartments.com reaches millions of renters nationwide, driving both qualified traffic and highly-engaged renters to leasing offices nationwide. Apartments.com is a division of Chicago-based Classified Ventures, LLC. The Apartments.com network of apartment rental websites includes Apartment Home Living (http://www.apartmenthomeliving.com), a leading social media apartment website distinguished by a "live for fun" community experience, proprietary lifestyle matching and local living guides to help renters find their perfect place to live and Rental Homes Plus (http://www.rentalhomesplus.com), an online destination where house hunters who prefer to rent can choose from a robust inventory of houses, condos, town houses, duplexes and apartments from around the country.
With SaaS use rampant across organizations, how can IT departments track company data and maintain security? More and more departments are commissioning their own solutions and bypassing IT. A cloud environment is amorphous and powerful, allowing you to set up solutions for all of your user needs: document sharing and collaboration, mobile access, e-mail, even industry-specific applications. In his session at 16th Cloud Expo, Shawn Mills, President and a founder of Green House Data, discussed h...
Jul. 31, 2015 04:30 PM EDT Reads: 423
The Software Defined Data Center (SDDC), which enables organizations to seamlessly run in a hybrid cloud model (public + private cloud), is here to stay. IDC estimates that the software-defined networking market will be valued at $3.7 billion by 2016. Security is a key component and benefit of the SDDC, and offers an opportunity to build security 'from the ground up' and weave it into the environment from day one. In his session at 16th Cloud Expo, Reuven Harrison, CTO and Co-Founder of Tufin,...
Jul. 31, 2015 03:00 PM EDT Reads: 493
There are many considerations when moving applications from on-premise to cloud. It is critical to understand the benefits and also challenges of this migration. A successful migration will result in lower Total Cost of Ownership, yet offer the same or higher level of robustness. In his session at 15th Cloud Expo, Michael Meiner, an Engineering Director at Oracle, Corporation, analyzed a range of cloud offerings (IaaS, PaaS, SaaS) and discussed the benefits/challenges of migrating to each offe...
Jul. 31, 2015 02:30 PM EDT
SYS-CON Events announced today that MobiDev, a software development company, will exhibit at the 17th International Cloud Expo®, which will take place November 3–5, 2015, at the Santa Clara Convention Center in Santa Clara, CA. MobiDev is a software development company with representative offices in Atlanta (US), Sheffield (UK) and Würzburg (Germany); and development centers in Ukraine. Since 2009 it has grown from a small group of passionate engineers and business managers to a full-scale mobi...
Jul. 31, 2015 02:30 PM EDT Reads: 274
Chuck Piluso presented a study of cloud adoption trends and the power and flexibility of IBM Power and Pureflex cloud solutions. Prior to Secure Infrastructure and Services, Mr. Piluso founded North American Telecommunication Corporation, a facilities-based Competitive Local Exchange Carrier licensed by the Public Service Commission in 10 states, serving as the company's chairman and president from 1997 to 2000. Between 1990 and 1997, Mr. Piluso served as chairman & founder of International Te...
Jul. 31, 2015 02:00 PM EDT Reads: 365
Mobile, social, Big Data, and cloud have fundamentally changed the way we live. “Anytime, anywhere” access to data and information is no longer a luxury; it’s a requirement, in both our personal and professional lives. For IT organizations, this means pressure has never been greater to deliver meaningful services to the business and customers.
Jul. 31, 2015 01:45 PM EDT
In their session at 17th Cloud Expo, Hal Schwartz, CEO of Secure Infrastructure & Services (SIAS), and Chuck Paolillo, CTO of Secure Infrastructure & Services (SIAS), provide a study of cloud adoption trends and the power and flexibility of IBM Power and Pureflex cloud solutions. In his role as CEO of Secure Infrastructure & Services (SIAS), Hal Schwartz provides leadership and direction for the company.
Jul. 31, 2015 11:45 AM EDT Reads: 130
In a recent research, analyst firm IDC found that the average cost of a critical application failure is $500,000 to $1 million per hour and the average total cost of unplanned application downtime is $1.25 billion to $2.5 billion per year for Fortune 1000 companies. In addition to the findings on the cost of the downtime, the research also highlighted best practices for development, testing, application support, infrastructure, and operations teams.
Jul. 31, 2015 11:45 AM EDT Reads: 119
Puppet Labs has announced the next major update to its flagship product: Puppet Enterprise 2015.2. This release includes new features providing DevOps teams with clarity, simplicity and additional management capabilities, including an all-new user interface, an interactive graph for visualizing infrastructure code, a new unified agent and broader infrastructure support.
Jul. 31, 2015 10:00 AM EDT Reads: 146
For IoT to grow as quickly as analyst firms’ project, a lot is going to fall on developers to quickly bring applications to market. But the lack of a standard development platform threatens to slow growth and make application development more time consuming and costly, much like we’ve seen in the mobile space. In his session at @ThingsExpo, Mike Weiner, Product Manager of the Omega DevCloud with KORE Telematics Inc., discussed the evolving requirements for developers as IoT matures and conducte...
Jul. 31, 2015 08:45 AM EDT Reads: 302
Container technology is sending shock waves through the world of cloud computing. Heralded as the 'next big thing,' containers provide software owners a consistent way to package their software and dependencies while infrastructure operators benefit from a standard way to deploy and run them. Containers present new challenges for tracking usage due to their dynamic nature. They can also be deployed to bare metal, virtual machines and various cloud platforms. How do software owners track the usag...
Jul. 31, 2015 08:00 AM EDT Reads: 160
Explosive growth in connected devices. Enormous amounts of data for collection and analysis. Critical use of data for split-second decision making and actionable information. All three are factors in making the Internet of Things a reality. Yet, any one factor would have an IT organization pondering its infrastructure strategy. How should your organization enhance its IT framework to enable an Internet of Things implementation? In his session at @ThingsExpo, James Kirkland, Red Hat's Chief Arch...
Jul. 30, 2015 07:30 PM EDT Reads: 1,401
Providing the needed data for application development and testing is a huge headache for most organizations. The problems are often the same across companies - speed, quality, cost, and control. Provisioning data can take days or weeks, every time a refresh is required. Using dummy data leads to quality problems. Creating physical copies of large data sets and sending them to distributed teams of developers eats up expensive storage and bandwidth resources. And, all of these copies proliferating...
Jul. 30, 2015 06:30 PM EDT Reads: 893
Malicious agents are moving faster than the speed of business. Even more worrisome, most companies are relying on legacy approaches to security that are no longer capable of meeting current threats. In the modern cloud, threat diversity is rapidly expanding, necessitating more sophisticated security protocols than those used in the past or in desktop environments. Yet companies are falling for cloud security myths that were truths at one time but have evolved out of existence.
Jul. 30, 2015 06:00 PM EDT Reads: 1,806
Digital Transformation is the ultimate goal of cloud computing and related initiatives. The phrase is certainly not a precise one, and as subject to hand-waving and distortion as any high-falutin' terminology in the world of information technology. Yet it is an excellent choice of words to describe what enterprise IT—and by extension, organizations in general—should be working to achieve. Digital Transformation means: handling all the data types being found and created in the organizat...
Jul. 30, 2015 05:00 PM EDT Reads: 1,091