How Much Does it Cost to Build a 1-3 Story Apartment?
The following analysis estimates the cost to build an apartment, 1-3 story using US National Average costs from 2019 RSMeans cost data. If you would like to localize costs to your specific zip code, RSMeans Data Online allows you to easily localize the cost of your entire estimate to zip codes across the United States and Canada. Costs are derived from a building model that assumes basic components, using union and open shop labor for a 22,500 square foot building.
Scope differences and market conditions can cause costs to vary significantly. To see an estimate of the costs to build an apartment, 1-3 story in a specific city or metropolitan area, go to our index of apartment, 1-3 story models by state.
NOTE: This cost estimate uses 2019 RSMeans data. A more accurate estimate using current RSMeans cost data is available in RSMeans Data Online.
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Apartment, 1-3 Story Construction Cost Assumptions |
| Location: |
US National Average
|
| Story Count: |
3
|
| Story Height (L.F.): |
10
|
| Floor Area (S.F.): |
22,500
|
| Basement Included: |
No
|
| Data Release: |
Year 2019
|
|
Apartment, 1-3 Story with Brick Veneer / Reinforced Concrete
| Cost Estimate (Standard Union Labor) |
% of Total |
Cost Per SF |
Cost |
| SubTotal |
100% |
$146.52 |
$3,296,614.26 |
| Contractor Fees (General Conditions,Overhead,Profit) |
25% |
$36.63 |
$824,153.57 |
| Architectural Fees |
7% |
$12.82 |
$288,453.75 |
| Total Building Cost |
$195.97 |
$4,409,221.50 |
| Cost Estimate (Open Shop) |
% of Total |
Cost Per SF |
Cost |
| SubTotal |
100% |
$131.58 |
$2,960,615.06 |
| Contractor Fees (General Conditions,Overhead,Profit) |
25% |
$32.90 |
$740,153.77 |
| Architectural Fees |
7% |
$11.51 |
$259,053.82 |
| Total Building Cost |
$175.99 |
$3,959,822.60 |
Other Square Foot Model Building Type Options:
Apartment, 1-3 Story Square Foot Cost Assuming Brick Veneer with Rigid Steel Joists
Apartment, 1-3 Story Square Foot Cost Assuming Exterior Insulation and Finish System (EIFS) and Metal Studs with Rigid Steel Joists
Apartment, 1-3 Story Square Foot Cost Assuming Fiber Cement with Wood Frame
Apartment, 1-3 Story Square Foot Cost Assuming Stone Veneer with Wood Frame
Apartment, 1-3 Story Square Foot Cost Assuming Stucco & Concrete Block with Reinforced Concrete
