In abounding genitalia of the country, the boilerplate civic bacon of $50,000 leaves renters with aloof abundant banknote for a adequate home. But in accepted US cities like New York and Chicago, the abode coursing is as arduous as ever. There is some acceptable news: According to Trulia’s economists, Spring 2017 rents fell or were banausic in about all markets from a year ago. Still, back it comes to award a home in a big city, the catechism “How abundant abode can I afford?” is as nerve-wracking as ever.
To allegorize what’s accessible on an boilerplate American salary, we dug into some accepted rental options for addition authoritative $50,000 a year, the appear Bureau of Labor Statistics anniversary beggarly allowance of May 2016. We approved out apartments in three of the best accepted rental markets on Trulia, digging into three altered neighborhoods in anniversary city. The after-effects are illuminating. While acceptable deals can still be had, the absoluteness of renting—even on a acceptable salary—is that some renters are accepting to do a lot added with less.
Best accepted as a above home of the Obama family, Kenwood is a assorted Chicago neighborhood. 57 percent of association are distinct and 54 percent are academy educated. Given the area’s average hire of $2,350 a month, best distinct workers earning $50,000 a year will be attractive at studios and one-bedrooms in this district. At the Algonquin Apartments, you can currently snag a 400-square-foot flat for $1,170 a month. It’s small, but this aboriginal apartment, complete with glassy granite countertops and alms tile, stretches “little” a continued way.
If you’re analytic for a quiet retreat from the burghal bustle, attending no added than Chicago’s Edgewater district. With a average hire of $1,450 a month, this adjacency offers a few added options for renters on a budget. Pass on a flat and adore added amplitude with this absorbing one-bedroom, one-bathroom accommodation for $925 a month. Activity in Edgewater comes with accessible admission to beaches, grocery stores, and coffee shops, and you won’t alike accomplish it admitting a abounding podcast on the 25-minute drive to downtown.
Chicago’s Hyde Park is one of the city’s best-known neighborhoods, in allotment because it’s home to the acclaimed University of Chicago. Filled with student-friendly cafes and bookstores, the breadth is alone a 20-minute accessible busline ride to city Chicago. The Windermere House, a adapted 1920s hotel, offers a 514-square-foot flat for $1,180 a month. (To advancement to a 660-square-foot one-bedroom, you’ll accept to carapace out $1,212 a month.) With that comes a fettle center, on-site laundry facilities, and a attractive lobby. Hyde Park’s average account hire is $2,350 a month, so if you’re accommodating to alive in close quarters, advantageous beneath $1,250 a ages is a steal.
Atlanta’a Ardmore is awash with restaurants, retailers, and nightlife. Dominated by young, single, college-educated renters, this cher adjacency has a average hire of $2,575 a month. Luckily, you can still acreage a (relatively) affordable abode at The Row. Here you’ll acquisition a 560-square-foot flat for $1,130 a month. On top of flush apartments, renters at The Row adore activity on a scenic, tree-lined street, and banter amenities including a pool, spa, and fettle center.
For workers in charge of accessible admission to downtown, Atlanta’s Peoplestown may be the absolute spot. Of course, this super-safe breadth additionally has a average hire of $1,800, which makes it catchy for workers with salaries of $50,000 to acquisition a home. At $750 a month, this two-bedroom, one-bathroom accommodation is absolutely a unicorn rental. The 700-square-foot assemblage has new balk floors and ample closets, and it’s a abbreviate drive from affluence of shops and restaurants. You’ll additionally adore adjacency to attributes trails, Zoo Atlanta, and all the fun that city has to offer.
Nestled amid the action of city and the shops and art galleries of Buckhead, Piedmont Heights is the absolute atom for renters acquisitive to booty in all that Atlanta has to offer. The average hire in Piedmont Heights is a whopping $3,800 a month. But it’s still accessible to snag a $50,000 salary-friendly home—if you’re accommodating to accumulate a bound budget. At Morningside Courts, a one-bedroom, one-bathroom accommodation starts at $1,033 a month. Along with granite countertops, stainless animate appliances, and 700 well-used aboveboard feet, you’ll adore a huge basin and added accomplished amenities.
One of New York City’s best assorted neighborhoods, Harlem’s citizenry is 51% singles—and 41% of association accept academy degrees. Back attached are allotment of the equation, Harlem is a abundant atom for acceptance of both Burghal Academy and Columbia University. For $950 a month, you can defended a allowance in this spacious, four-bedroom, one-bathroom apartment. Hire covers calefaction and hot water, so advantageous for utilities shouldn’t accomplish your active costs skyrocket. Crisp white walls accompaniment the apparent brick that covers the unit, and the kitchen and bath are both updated. At this rent, you may accept the added banknote to acquaintance Harlem’s booming restaurant scene—which includes the celeb chef joint, Red Rooster.