Report: DC Area Renters Save 34% By Living With Significant Other

by Lark Turner

image
A Columbia Heights rowhouse offering two-bedroom rentals.

Valentine’s Day is just around the corner, so here’s a topic of conversation to deploy over flowers: How much rent could you save by moving in with your significant other?

Trulia ran the numbers for metropolitan areas across the country, and concluded that in some places, couples could save as much as 40 percent a month by dumping their one-bedroom apartment for a two-bedroom rental. Even moving up to a three-bedroom could still glean a couple as much as 20 percent in monthly savings.

The study, conducted by chief economist Jed Kolko, compared rentals in the same building to control for outside factors like amenities and location. The DC area ranked 18th among cost-saving move-ins around the country. Here are how the numbers shook out in the region:

  • Ditching the one-bedrooms for a two-bedroom rental would result in 34 percent in monthly savings for a couple.
  • If the couple decided to skip a two-bedroom for a three-bedroom apartment, they would still save 15 percent a month.

Here’s how the numbers looked in different metros across the country:

image

The Sacramento area led the way with 40 percent in savings, while New York and Dallas came out at the bottom of the list. Still in both of the latter regions, a couple would save 30 percent a month by moving in together.

See other articles related to: trulia trends, trulia insights, renting in dc, renting

This article originally published at http://dc.urbanturf.com/articles/blog/just_in_time_for_valentines_heres_how_much_you_can_save_by_moving_in/8108

1 Comment

  1. Caroline said at 3:16 pm on Monday February 10, 2014:

    For sure. My boyfriend and I had one-bedrooms that we rented for about $2,200 each. Our rent at the place (a two-bedroom) we moved in together at the beginning of the year is $2,800 a month.

Join the discussion



* required fields

Thomas C. Williams

McEnearney Associates, Inc

202.255.3650

Serving:

Bethesda

Chevy Chase

Chevy Chase

NEW!

DC Real Estate Guides

Short guides to navigating the DC-area real estate market

We’ve collected all our helpful guides for buying, selling and renting in and around Washington, DC in one place. Visit guides.urbanturf.com or start browsing below!