Hello Hornster- This is a tough question. The average may have not much to do with the place you have in mind. If the avg. is $1.20/ sf for the whole city, then you could have an apartment in Chelsea renting at 60 cents/ SF and others at $2.00/ sf.... Just keep that in mind for whatever you're analyzing.
If you need more help, feel free to contact me sometime. Thanks, and good luck,
Ken L.
For a 2 bed/2 bath condo/apt. you'll probably find something around $1.20/sq/ft or approximately $1400/mo for about 1100 sq.ft.
Hope this helps.
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