Capitol A wrote:JonSanchez2009 wrote:For a studio apartment, what is market rate? I'm trying to decide between trying to sublet and getting my own apartment. Any thoughts on this?
Depends ENTIRELY on location, and I don't just mean tempe v. phoenix. v. scottsdale. I mean there are neighborhoods in the phoenix area where you can cross the street and have home values triple. Also depends on the apartment complex itself. How new is it? How nice? are there any amenities like a gym, concierge service, etc? I believe in Tempe/Scottsdale you could pay anywhere from $300/month for a place with holes in the carpets and 45 people living in the adjacent unit up to $1200/month for a beautiful place on the "lake." (more like an irrigation canal, but they call it tempe town lake).
I realize this isn't helpful, but I guess the point is that it all depends on how much you can afford, and what are your priorities in looking for a place.
I agree. It does depend on what type you want and location. The studio I will be renting is 945 a month, but it is close to campus and brand new. So it is, as Capitol A said, just how much you can afford and what you want.