Breaking it down: what are San Antonio renters willing to pay?

​​​​​​SAN ANTONIO – Even though monthly mortgage payments for a
home in San Antonio are comparable to what some renters pay every 30 days, the
city’s multifamily market continues to strengthen as an increasing pool of
residents choose the apartment lifestyle over owning a small piece of what used
to be considered the American dream.

With an estimated 5,000 new apartment units completed in
2015, and another 5,700 scheduled to wrap up this year, San Antonio provides no
shortage of options when it comes to prospective tenants choosing where to
live.

With Marcus & Millichap expecting average rents to jump
this year from $907 a month to $945, tenants are proving that when it comes to
additional amenities, they’re more than willing to pay for them.

The National Multifamily Housing Council’s Vice President of
Industry Technology Initiatives, Rick Haughey, said that based on the findings
in the council’s 2015 Renter Preferences Survey, walkability and home
automation will likely be the biggest factors in apartment living over the next
12 months.

How much are renters willing to pay for the apartment
lifestyle? Here’s a breakdown:

•     Washer and dryer
  in unit: additional $63.43 per month

•     High-speed internet
  access: $35.84 per month

•     Smart thermostats:
  $35.75 per month

•     Hardwood floors:
  $58.75 per month

•     Fitness classes:
  $44.83 per month​

•     Community vegetable
  garden: $40.29 per month​

•     Laundry lockers:
  $29.04 per month

•     Recycling: $27.49
  per month