SAN DIEGO — These days, it's hard to stretch a dollar, especially when it comes to living expenses like rent.
So how many square feet can you get with a $1500 budget? Spoiler alert, it's not a lot.
Space in San Diego County
A study by Rent Cafe takes a look at how much space a renter can get here in San Diego County for $1500.
- In the city of San Diego, renters are looking at 442 square feet
- 497 square feet in Oceanside
- 510 square feet in Chula Vista
- 543 square feet in Escondido
"The cost to maintain buildings continues to go up, the interest rates as everyone knows can be expensive. how do I ensure the lease is profitable, and optimize the configuration of my 1,2,3,4 bedroom," said Doug Ressler, manager of business intelligence at Yardi Matrix.
Just two years ago, $1500 could get you 623 square feet in Escondido and 598 square feet in Chula Vista, almost a 100 square foot difference compared to current rates.
Ressler says for people looking to move to San Diego, a report like this one can be helpful.
"Don't just look for 12 months, look for 24, and look at the social amenitization of where you choose to live," said Ressler.
Many people don't mind paying the price to live in a small space if it means they get to live in paradise.
"San Diego kind of borders on a lifestyle market, we see people spending less time in apartments and going outside. the housing for especially these renters, is less that i go and live there 24/7, it's just a place to keep my bike," said Ressler.
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