Are studio apartments actually more expensive than one-bedrooms in the DC area?
A recent analysis by HotPads show that the typical studio apartment in the DC area rents for $255 more per month than the typical one-bedroom apartment. The median rent for studios is $2,055 compared to a median rent of $1,800 for one-bedrooms. Meanwhile, the median studio is 241 square feet smaller than the median one-bedroom.
Nationwide, the dynamic is similar, with studios renting for roughly $125 more monthly than the typical one-bedroom -- $1,385 per month compared to $1,260 per month. Studios are pricier than one-bedrooms in 45 of the nation's largest metro areas. In Los Angeles, the rent differential is a whopping $1,650, while in San Francisco, the rent differential is $1,400.
Much of this price difference is due to studios usually being concentrated in more centralized locations in the city. The study notes that studios tend to be a third of a mile closer to job centers than one-bedrooms, while one-bedrooms are more plentiful throughout the metro area housing supply.
This article originally published at http://dc.urbanturf.com/articles/blog/are-studio-apartments-in-the-dc-area-a-pricier-option/14933
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