Renters can expect to pay a premium when searching for an apartment. Prices vary by thousands of dollars depending on the location. A budget of $4,000, which is 5% below the average rent, can secure a range of options.

The average rent is $4,196 per month, and more than half of the most-searched neighborhoods are possibilities with a $4,000 budget. However, some areas may be out of reach.

Further details on what $4,000 can get in terms of space and location are available, including a breakdown from Apartments.com.