Great Finds: 2-Bedroom Apartments Under $1500 | Houses For Sale In Bend Oregon

If you’re in the market for a two-bedroom apartment, you’re in luck: More and more communities are offering this type of floorplan. They don’t always come cheap, though. We’ve scoured to find you two-bedroom apartments under $1500 in 10 different cities.

1. Dallas, Texas
River Park at the Galleria offers two bedrooms between $1,100–$1,500. Each has a modern design, as well as walk-in closets and in-unit washer/dryers. But the best feature is for your four-legged friends: a “bark park” with an agility course. You’re also close to the upscale shopping at the Galleria Dallas, and right off the Dallas North Tollway, for an easy commute to the city center.

2. Louisville, Kentucky
Monsarrat Apartment Homes offer two bedrooms from $1,100–$1,200. The building has plenty of character: It dates back to 1854 and is listed on the National Register of Historic Places. The units (only 18 in total, so it’s not too busy/loud) feature arched windows and spiral staircases. The community is located in the Old Louisville neighborhood, which has a fitting historic feel. Specifically, it’s near S. 4th street, where you’ll find two gorgeous old theaters and a smattering of hip eateries.

3. Wichita, Kansas
If you’ve longed to live in a building that looks as if it belongs in Italy, you’ve come to the right place. Portofino Apartments feature an exterior design that has old world flair, complete with a terra cotta tile roof on the main building. The look extends to the interior common area, where you’ll find beams and wrought iron chandeliers. Here, a two-bedroom comes in a range of floorplans that run from $884 (for a standard two-bedroom/two-bath) to $1,351 (for a two-bedroom/two-bath with an attached garage). The community is in a quiet corner of Wichita that’s near your standard suburban shopping options, but you’re close to the Kansas Turnpike, which takes you to the city center.

4. State College, Pennsylvania
Toftrees Apartments is a combination of a resort and a private apartment community. It’s all because of the community’s location, which is right on the Toftrees 18-hole championship golf course. Yes, it’s great if you like golf, but the added bonus is that it gives you a peaceful buffer from a bustling college town that’s pretty much its own city. A two-bedroom, 1.5-bathroom will run you $1,205, which also gives you access to a clubhouse with pool, gym and lounge. You can still bike (or drive) into State Park, which is — of course — situated around Penn State. There’s the standard mix of bars/restaurants on and around E. College Ave, but don’t miss the hidden gems on campus: the Penn State Berkey Creamery (a circa-1889 creamery that offers up fresh ice cream), The Palmer Museum of Art and The Arboretum at Penn State.

5. Chicago, Illinois:
Can you get a two-bedroom in a major city for $1,500? Yes. But you’re going to have to expand beyond the usual downtown areas. This high-rise apartment is near the Buena Park neighborhood, and boasts water and golf course views. (It’s also close to Wrigley Field.) You’ll find the requisite urban must-haves like boutique fitness studios and Whole Foods a few blocks over on N. Halstead, along with the Red Line train (which takes you to the center of the city). Though your rent is $1,500, just be warned: You do have to pay for all utilities.

6. Salt Lake City, Utah
Midcentury cool meets mountain views at The Argyle Rentals, where you can get a two-bedroom/1-bath for $975–$1,050. The exterior features a fun argyle motif, while the building itself is inspired by vintage motels (meaning the units are off open-air hallways rather than enclosed halls). The U-shaped building is situated around the pool and also offers an on-site restaurant, Penny Ann’s Cafe, which comes in handy when you don’t feel up for cooking breakfast or lunch. Though Salt Lake City isn’t exactly known for its nightlife, you’ll be surprised to find that you’re a block away from a famous dive bar (Willie’s Lounge, a standby since 1948). Be sure to head over to State Street for an array of exotic restaurants with cuisines from around the world.

7. Las Vegas, Nevada
You’re never too far from a casino in Vegas. However, if you’re into more of a suburban vibe, you’ll find it at Morningstar. This luxury community is located in master-planned Summerlin, near Gardens Park, where you can shop at a farmer’s market or take in a performance at the Gardens Community Center. (You’re also close to coffee shops, pizza places and casual restaurants that have a relaxed vibe.) The complex has a colorful stucco exterior that fits in nicely with the desert landscape, while interiors have an easy-to-customize floorplan with plenty of windows. The biggest bonus in the community is the resort-like pool, a definite must-have for the arid climate. A two-bedroom/one bath starts at $1,285.

8. Scottsdale, Arizona
The price to live in downtown Phoenix has increased for two-bedroom units, but next-city-over Scottsdale offers slightly more affordable rents. A two-bedroom/two-bath unit (at a very roomy 1,000 square feet) at The Cortesian Apartments starts at $1,016 per month (depending on the length of your lease and the floorplan), compared to $1,500+ a month in a similar building in downtown Phoenix. This leaves you a little more room in your budget to enjoy the local nightlife, especially in the Indian Plaza area, just a few blocks down the street on E Camelback Rd. You can hang at the W Scottsdale, or head out to The Mint, a club /Asian eatery in an old bank. Want something a bit more low key? Go to Bottled Blonde, a pizza place with a beer garden that’s smack between the two aforementioned hotspots.

9. Hartford, Connecticut
Though it’s not as busy as other Northeastern cities, Hartford offers a lot of job options — and it’s right at the crossroads of a few highways that take you to New Haven and New York City to the south, New York State to the east, and Western Massachusetts and Boston to the north. 210 Farmington Avenue is just outside of downtown, where you’re basically a minute’s drive from the Xfinity Center and XL Center venues, and nearby eateries. A modern two-bedroom/two-bath ranges from $1,165–$1,325.

10. Portland, Maine
Princeton on Back Cove is a colonial-style complex featuring classic apartments. You’ll find vintage-inspired tiled bathrooms, roomy kitchens and windows on three sides of each unit. A two-bedroom, one-bath apartment ranges from $1,299–$1,500, which includes heat and hot water. The complex also offers a bike rental program, a handy amenity during milder weather. From the complex, it’s a quick ride to the University of Southern Maine and downtown Portland. Oh, and Trader Joe’s is super close, too.
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How Much Rent Can I Really Afford? | Houses For Sale Gig Harbor

Is anything more exciting than the prospect of renting your own place? Getting excited is one thing—making it a financial reality is another. Before browsing listings, ask yourself, “How much rent can I really afford?” Don’t know the answer? Here’s a great place to start: When it comes to finding the right home, separating dreams from reality will make all the difference.
Five Tips to Determine How Much Rent You Can AffordDo a little budgeting.
This is a tricky tip because everyone’s budget is different, and there are many different budgeting methods. To simplify, Kelley Long of Financial Finesse suggests you try what’s known as the 50/30/20 Rule. In a nutshell, according to Long, “Fifty percent of your income should go towards fixed costs and needs like rent, transportation, utilities, groceries, etc., 30 percent toward wants like dining out, entertainment, shopping, Netflix/SoulCycle/Uber/Spotify/Instacart fees, etc, and 20 percent should go toward your goals, like paying down debt and saving for the future.”
Keep the number 30 at the top of your mind.
Why does this help you answer the question, “How much rent can I afford?” Great question! The common recommendation is that housing expenses should not exceed 30 percent of your gross income. So, for example, if you make $60,000 per year, your rent and insurance shouldn’t go higher than $18,000 or $1,500 per month.
According to Ryan Coons, CEO of Rentulations, it’s possible to incorporate the 40 Percent Rule. Under this approach, “the asking rent should be no more than 40 percent of the tenant’s monthly income, minus all other monthly bills such as utility payments, renters insurance, and loans.”
That said, there is one other factor to consider: the market norm where you live. For instance, if you are in a high-demand market such as New York, Los Angeles, or anywhere near Google headquarters, you might find the rent far exceeds both the rules of 30 and 40. This means your potential landlord will probably expect their tenants to prove their income (single or combined) is 40 to 50 times the monthly rent.
Keep backup resources out of the equation.
You might have a few accounts that could serve as your ticket to ride, or in this case, rent your dream place—but don’t take the bait. It’s a no-brainer that you shouldn’t dip into your retirement fund, but some people might be tempted to grab some cash from savings and emergency accounts. Resist it. Once you start draining these funds to cover rent, you’ll be without a safety net in no time.
You should also avoid using credit cards or taking out personal loans in order to cover your expenses. Similarly, if you find yourself charging groceries in order to pay your rent on time, it might be time to rethink your living space.
Stay realistic about your expenses.
It’s easy to be dazzled by a beautiful space with the latest amenities and think that if you stretch yourself financially just a little, you can make ends meet. When asking “How much rent can I afford?” don’t fall for the trap! One mistake Long made was justifying a place she couldn’t afford because eventually, she would have her car paid off and could put that money toward the rent. “What I should have done was rented a less expensive place and then started saving my car payment toward a down payment on a house,” she said. “I would have been able to afford to buy a LOT sooner in life if I’d just sacrificed a couple years in a cheaper place.”
Remember: A living space will probably require furnishing.
Nothing is sadder than a beautiful apartment furnished with an air mattress and a coffee table made of milk crates. What good is a spacious view if there’s nowhere to sit and enjoy it, right?
It might seem easy to solve a furnishing dilemma by plunking down plastic and charging the costs to defer the price tags. But this can get you into a lot of hot water if trying to pay off those expenses makes covering your rent difficult. Instead of buying things you can’t afford, check your local message boards to see if other people might be selling or giving away items you can snag and repurpose.
Know what your landlord expects.
It’s amazing what asking a few questions can do. Don’t be afraid to pepper the landlord, leasing agent, or broker about what the expectations are in terms of your income-to-rent ratio, if someone can cosign along with you, and if you’re allowed to have roommates to defray rental costs. If their expectations are different than the market norms or standard rules, you’ll save a lot of time applying to places your budget isn’t a good fit for anyway.
Want to learn more about how much rent you should be paying each month? Check out our Rent or Buy and Affordability Calculator tools.
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Are Tiny Rentals Worth the Price? | Houses For Sale In Breckenridge Co

It’s no secret that life is full of compromises. But what about when it comes to your living space? Are you willing to trade size for location if the price and location are right? Maybe being in a desirable neighborhood wins out over having a closet. Or maybe proximity to work or school are more key than having an actual kitchen. We spoke with four young professionals who made compromises for their living spaces and learned about their living conditions at the time. We wanted to know if a tiny house for rent is something to jump for or avoid. Here’s what we learned.Meet the rentersChristen, 28, marketing manager
The rental:A studio apartment that was turned into a two-bedroom on 2nd Ave in Murray Hill, NYC. Christen rented a room that measured about eight by seven feet.Pros:A short walk to the subway and a new supermarket—and the best buffalo chicken slice in all of Manhattan.Cons:No windows in the bedroom, which got extremely hot at night, making it impossible for Christen to sleep with the door closed, and strange glass walls in the bathroom that faced the living room. Because of the close quarters, Christen’s experience was hampered by a grumpy roommate whose boyfriend was in the apartment a lot—and equally grumpy.The price: $1,250/monthWas it worth it: While the neighborhood was wonderful, the tense roommate situation left a lot to be desired. After all, one’s home should be a haven. That doesn’t include walking on eggshells 24/7.Ryan, 37, teacher/musician, and Wayne, 38, insurance auditor/supervisor
The rental: A “furnished,” 450-square-foot studio in a basement apartment with a co-op living above.Pros: Free tofu tacos upstairs with the co-op folks anytime (they went once), a four-block proximity to the university Ryan was attending at the time (Wayne had graduated a year prior), three blocks to the downtown area, right across from the public library.The cons: The “furnished” bit meant the apartment came with furnishings that were left behind by prior tenants, including a twin bed the duo had to share. The apartment got hot in the summers, making it impossible for them to sleep in the same bed, so one person had to sleep on the floor or a tiny couch in the main room of the already-tiny apartment.The price: Under $750/month for two yearsWas it worth it: The duo agrees that one of the best things to come from having to get creative with the sleeping arrangement was the deepening of their relationship. Ryan also gets a big kick out of telling people their survival stories of the tight living quarters. Another bonus: there was nowhere to go but up.Michelle Olin, 34, lawyer
The rental: An efficiency about the size of three parking spaces above the laundry building for a student apartment complex.The pros: Proximity to her law school, her job at a nearby country club, and a beautiful place to go running.The cons: Temperature control—the heat only came on when it was extremely cold, forcing her to sleep under piles of blankets and with a coat, no stove for cooking, only having a mini fridge, plus plenty of shaking, given the laundry room activity below. Also: vermin.The price: $385/month for three yearsWas it worth it: During the time she spent living above the laundry, Michelle learned just how little she needed to get by. Moreover, she reports now knowing she can be happy under any circumstance.Should You Seek Out a Tiny House For Rent?This is a solid question. While the answer will vary for everyone, the determination often breaks down to this: Will you be spending more time in your apartment, or in the great location it affords you? A student who expects to spend more time studying than entertaining is probably more likely to overlook the fact that there is a bathtub in their kitchen. But a professional looking to relax after work or host dinner parties might be less inclined to appreciate a cramped home.In any case, if the mere idea of small closets, mini fridges and spooning on a twin mattress makes you break out in hives, you might want to skip the small space experience. But if you’ll be living most of your life in the restaurants, shops, work environments, and open spaces available in your favorite neighborhood, you’ll never miss luxe apartment amenities anyway.We can help with your home search.Receive weekly news, advice, listings, and neighborhood info by email. Sign Me Up * A valid email address is required.* That email address is already in use. Please log in to update your email preferences.* Something went wrong. Sign up with a valid email address to continue.

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