for a two bedroom apartment in your area?
2007-07-18 09:30:11 · 15 answers · asked by Anonymous in Business & Finance ➔ Renting & Real Estate
1200 w/ utilities included is what you will get in some cities from MD..Depends where in MD
2007-07-18 09:42:46 · answer #1 · answered by Latina4life 3 · 0⤊ 0⤋
No idea where you are but as a rule:
If you can find a house for X amount of dollars you like and figure the mortgage payments for a 30 year loan. Figure in taxes about 1000 a year and insurance at 700 year.+/- At a 7% interest rate. If this number you come up with is less than you 1200 rent. Then yes it is too much. Go buy the house if you can. It will be cheaper and yours when all is said in done or at least you can get some of that "rent"(principle) money back out when you sell.
730 mentioned below is for 3 bedroom 2 bath part of duplex with Basement 1/2 was 2 car garage. Too many kids in neighborhood.
2007-07-18 16:52:05 · answer #2 · answered by SneakersPeepers 3 · 0⤊ 0⤋
It really depends on the area. When I was living in MD, that would be an ungodly amount for a 2 bedroom about 4 years ago. In Boston that's about what you would expect to pay for a studio.
2007-07-18 16:43:03 · answer #3 · answered by Ari 3 · 0⤊ 0⤋
Not in Central Coast CA, though inland rents for 2 bdrs run closer to 700-1000, depending on what city you're in. I think if you're in any city that's not coastal or metropolitan, it may be a little too high, unless it comes with a bunch of amenities like utilities paid, furnished, pool, etc.
2007-07-18 17:31:07 · answer #4 · answered by J k 3 · 0⤊ 0⤋
in southern california, $1200 for a 2-bedroom is dirt cheap! typically, 2-bedroom apartments go for $1600-$2500, depending on the amenities...
2007-07-18 18:20:58 · answer #5 · answered by socalteacher 2 · 0⤊ 0⤋
move to st. louis and pay about 600-1200 for a two bedroom, depending on amenities and location location location!
2007-07-22 00:35:19 · answer #6 · answered by n2cheyenne 1 · 0⤊ 0⤋
the best way to determine this is to find what similar houses are renting for in the area. If it's 10% more, I would bother with it.
http://www.investyourcents.com
2007-07-18 16:51:28 · answer #7 · answered by michael w 2 · 0⤊ 0⤋
For my area, it's a bit on the high side unless it's a rather well appointed property with amenities.
In Manhattan, it would barely get you a closet.
2007-07-18 17:37:35 · answer #8 · answered by acermill 7 · 0⤊ 0⤋
I pay 1100 for three bedroom your is alot
2007-07-18 16:33:48 · answer #9 · answered by wardah 1 · 0⤊ 0⤋
Tacoma, Seattle WA area, thats probably about right.
2007-07-18 16:38:03 · answer #10 · answered by Anonymous · 0⤊ 0⤋