Depending on where you choose to live, $1,500 a month can get you a 1,378-square-foot, three-bedroom apartment in McAllen, Texas, or 210 square feet in Manhattan—smaller than a typical studio.
A June report from RentCafe indicates that in 64.5 percent of 200 major U.S. cities, $1,500 a month covers an average of 703 square feet of space—enough for at least a one-bedroom rental.
With the national average apartment rental at $1,740 as of March, ap…