Resource for estimating and comparing rents

Apartment List recently crunched the numbers to compare the average size apartment available in each city for $1,500. The interactive graphic in the article allows for searches by city.

Indianapolis is one of the most affordable metro areas, with a cost of $0.85 per square foot, while San Francisco is one of the most expensive with a cost of $4.40 per square foot.

The article also includes a table to search by the average cost per square foot at the city, county and state level.

Apartment List also provides a rent report for a number of cities, which may be helpful when drafting an operating pro forma and financial projections or when conducting rent reasonableness surveys.