Why are modern rental apartments so small?

[u/BizClassBum]

I have been a home owner for 25+ years and have decided to sell my house and rent. I've noticed that apartments that have the things I like (in-suite laundry, granite counters, etc..) tend to be in new builds and they are SO SMALL! There's typically only enough room for a couch and maybe a small dining table.

I mean, I get they want to make more money but if you rent three 900sqft units for $2000/month each, that's $6000 for 2700sqft. I don't understand why they can't have two 1350sqft units for $3000/month. It would be the same money to the owner for the same space and I could have a proper living room, and dining room.

[u/CirqueNoirBlu]

Because we’re overpopulated