Paying for your food, transportation, health insurance, utilities, property taxes, insurance (assuming you have no mortgage here), kid expenses, fun stuff etc on a little over $6k per month isn't going to leave you with much left over.

Within walking distance to public transportation, retail; close to medical and education facilities.  

Public transportation is not available in area.  

They want to use public transportation and thereby need to be close3. 

@Jon R.While the student housing angle looks to be viable, check to see if there is transportation.  

I am a fan of Sub 2 ( didn't make any deals yet), but gaining all the possible info for last 8 month while operating my transportation company.

People are paying for a safe walkable neighborhood with coffee shops, bars, restaurants, farmers markets, parks, public transportation, etc.

Thanks to Jones ACT (1920) while US regulated transporting goods during the First World War, we are still paying the cost of watching vessels come through PR, non-stopping directly to Florida or Texas, then back to PR. 

Properties on tap for delivery in 2017 are primarily located in and around Central Cleveland, refl ecting growing needs for apartments near transportation, workplaces, retail and entertainment.

In general, more renters are attracted to newer construction with more amenities, with good transportation, but it all really comes down to affordability.