As the old saying goes, the first rule of real estate is always location, location, location. But if your dream location involves anything other than living in closet with a communal bathroom, then you can most certainly cross these major metros off your list.
According to a report from Apartment Guide, which first calculated the national median price of a rental, and then determined how many square feet that amount would afford a renter, these places certainly giving you a bang for your buck when compared to areas like Springfield, Missouri and Macon, Georgia.
So if you're not ready to ditch the traditional rules of real estate and blaze a new -- much roomier -- path, then check out the places below, pack your bags and consider heading to California.
Apartment Guide discovered that the nationwide median rental price of an entry-level studio or one bedroom apartment is $769. This means that half of these properties rent for more, half for less. How many square feet might that $769 rent you around the nation? They then determined the median entry-level apartment price per square foot in CBSAs (metros) with at least 30 properties listed on the site in April 2014. These are the most expensive.
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