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What $1,000 gets you in San Antonio's (and other Texas cities') apartment marketsWhat $1,000 gets you in San Antonio's (and other Texas cities') apartment marketshttps://www.recenter.tamu.edu/news/newstalk-texas/?Item=140982016-08-16T05:00:00Z

​SAN ANTONIO - Rents across San Antonio have reached a pitch level, but despite the continued increases, the city is still far behind prices seen in other large Texas markets.

Dallas has long been the Lone Star's frontrunner, the hormonal price swings in Austin have blown through another ceiling, and Houston is still figuring out how much of an impact the oil and gas industries will have on its multifamily market.

So how does San Antonio stack up?

When searching for apartments in four Texas metros that are less than $1,000 a month here’s what turned up for San Antonio Business Journal reporter, Katie Burke.

San Antonio

She found a 456-sf studio available at 1221 Broadway marketed for $912 a month, which would come with multiple pools and gyms, walk-in closets and polished concrete floors.

Dallas

Finding a unit in downtown Dallas was surprisingly easy for her. She came across a 494-sf studio for $975 a month. 

The unit comes with access to a fitness center, resort-style swimming pool and ground-floor retail, but extras such as wood floors, soaking tub, granite countertops and balconies come extra.

Austin

Austin was tough, less than 1 percent of the units in the ZIP code she was after were less than $1,000 a month. 

Eventually she found a 580-sf one-bedroom unit going for $985 per month. Let's just say that when a complex advertises features such as "retro ceramic tile" and a refrigerator, you won't be moving into anything that comes close to Class A.

Houston

Houston was simple, and with a $981 per month average for apartment units across the city, its closest to San Antonio's average of $933 a month. 

There were plenty of options, but she ultimately settled on a 682-sf one-bedroom unit.​

San Antonio Business Journal
San Antonio-New Braunfels
Multifamily
http://www.bizjournals.com/sanantonio/news/2016/08/03/what-1-000-gets-you-in-san-antonios-and-other.html

​​See multifamily reports from Austin, San Antonio, Dallas​, Houston and more cities like ​​Corpus Christi​ and College Station.

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