Live in an Apartment? Get Ready to Pay More
When it comes to living situations many people are living the apartment life.
Think about it, you pay rent every month, something breaks they come fix it (hopefully), and you don't have to worry about yard work. That's the great thing about apartment living. Plus, you don't have to worry about property taxes and all the other fun things about living in or owning a house.
However, when property taxes or other costs go up for owners they will pass that cost on to the tenants.
If you live the apartment life you can expect your rent to go up. According to Rent.com, rental prices are up 26-31%.
The average rent in Amarillo for a studio apartment is $626, 1 bedroom $924, 2 bedrooms $1,104, and 3 bedrooms $1275. Studio apartments were the only spaces that haven't seen a rise in prices in a year. A 2 bedroom apartment prices have increased 31% in the last year.
The most affordable neighborhoods in Amarillo for apartment rental are San Jacinto, Sixth Street district, and Lawrence Park. According to Rent.com, you can find great deals in Glenwood or Hillside Terrace.
The most expensive neighborhoods to rent an apartment in are The Colonies, Puckett Place, and Hillside Terrace. Glenwood is also a premium area to rent.
The most popular neighborhoods to rent an apartment in are Lawrence Park, Glenwood, and San Jacinto Heights. Other popular areas include the Sixth Street District and Puckett Place.
When searching for an apartment, you have to find something within your budget and in a neighborhood, you'll feel comfortable and safe. Amarillo is a growing city and has many apartment complexes to choose from for a place to live. Many older complexes are being remodeled and new complexes are popping up all the time.
Just keep in mind, that prices are up for apartment rentals. If property taxes and other costs continue to increase for property owners, renters will start feeling the crunch as well in their rental prices.
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