Luxury Living at Affordable Prices

Luxury Living at Affordable Prices
Luxury Living at Affordable Prices

### High-End Living at Lower Rents

Mention the words “high-end apartments,” and what might come to mind next is “high-end rents.” However, a recent RentCafe report challenges this assumption. Their study, *Luxury for Less: Best Zip Codes for Upscale Living at Lower Rents*, analyzed different regions and zip codes to identify areas where renters can find luxury apartments without paying premium prices.

To determine these zip codes, RentCafe’s research team examined approximately 10,000 zip codes before narrowing the data down to locations with a high concentration of quality apartments in desirable neighborhoods. The study focused on locations where the average rent was:

– Below the city-wide norm for luxury apartments
– Taking up less than one-third of the typical local income

### Key Findings

– **Texas** leads with 44 zip codes offering luxury renting at lower costs. **Colorado** follows with 22 zip codes providing high-end apartments for less.
– **Austin, TX**, topped the list of cities with the most zip codes for affordable luxury apartments.
– **Seattle** offers the largest rent savings for upscale apartments.
– The top 100 zip codes for premium living with lower rents have rates between **$120 and $880 below their respective city averages**. Almost half of these zip codes are in Western and Southwestern cities.

### Notable Locations

The research also highlighted that **Seattle, Scottsdale (AZ), and Madison (WI)** provide significant savings on upscale apartments. Specifically, **Seattle’s 98116 zip code** ranked highest for upscale living at a more affordable rental rate.

RentCafe’s report concluded that in these identified zip codes, “renters can find great deals because most rentals are high-end, yet typical rents remain below the city average for this unit type.”

About the Publisher:
Steve Griffin is based in sunny Palm Harbor, Florida. He’s an accountant by profession and the owner of GRIFFIN Tax and REVVED Up Accounting. In addition, Steve founded Madison Avenue Technology. With a strong passion for commercial real estate, he’s also dedicated to keeping you up to date with the latest industry news.

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