Dream of Renting a Luxury Apartment? You Can Afford To in These 20 Cities

After spending much of the past year at home, many of us have dreamt of upgrading our spaces. And now with many jobs becoming location-independent, you may be less tied down to your current residence.

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If you’re looking to rent a luxury apartment — think, 1,000 square feet or more with top-of-the-line finishes and amenities, too — but you’re on a budget, you might consider moving to a smaller city.

RENTCafé rounded up 20 cities where living in a high-end apartment will cost you less than $1,250 a month.

Last updated: May 19, 2021

• Average rent: $1,107
• Average square feet: 1,022
• Share of apartments that are high-end: 52%

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• Average rent: $1,225
• Average square feet: 1,126
• Share of apartments that are high-end: 22%

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• Average rent: $1,216
• Average square feet: 1,113
• Share of apartments that are high-end: 37%

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• Average rent: $1,033
• Average square feet: 1,034
• Share of apartments that are high-end: 36%

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• Average rent: $1,179
• Average square feet: 1,060
• Share of apartments that are high-end: 48%

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• Average rent: $1,168
• Average square feet: 1,050
• Share of apartments that are high-end: 70%

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• Average rent: $1,245
• Average square feet: 1,149
• Share of apartments that are high-end: 57%

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• Average rent: $1,143
• Average square feet: 1,063
• Share of apartments that are high-end: 75%

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• Average rent: $1,102
• Average square feet: 1,059
• Share of apartments that are high-end: 27%

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• Average rent: $1,230
• Average square feet: 1,114
• Share of apartments that are high-end: 63%

• Average rent: $1,152
• Average square feet: 1,094
• Share of apartments that are high-end: 43%

• Average rent: $1,161
• Average square feet: 1,104
• Share of apartments that are high-end: 65%

• Average rent: $1,128
• Average square feet: 1,068
• Share of apartments that are high-end: 89%

• Average rent: $1,176
• Average square feet: 1,165
• Share of apartments that are high-end: 55%

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• Average rent: $1,106
• Average square feet: 1,112
• Share of apartments that are high-end: 41%

• Average rent: $1,162
• Average square feet: 1,276
• Share of apartments that are high-end: 42%

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• Average rent: $1,129
• Average square feet: 1,229
• Share of apartments that are high-end: 45%

• Average rent: $1,173
• Average square feet: 1,231
• Share of apartments that are high-end: 28%

• Average rent: $1,005
• Average square feet: 1,164
• Share of apartments that are high-end: 43%

• Average rent: $1,097
• Average square feet: 1,147
• Share of apartments that are high-end: 54%

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Photo Disclaimer: Please note photo is for representational purposes only.

Methodology: Data is sourced from RENTCafé, which analyzed cities with a population of minimum 10,000 (per U.S. Census American Community Survey 5-year estimates), at least 1,000 units and 4 properties (completed and classified as high-end) and excluded fully affordable properties. The final rankings that determine “great value” are based on weights attributed to the main metrics: average rent as of February 2021 (35%), average square footage (35%), share of high-end units within a city (15%) and share of high-end units within top locations as defined by Yardi Matrix (15%).