It’s well known that sharing an apartment with a roommate can save money, but just how much?
The folks at Lovely, the rental home search website, have been sifting through their data to find out exactly how much money DC area residents can save by living with a roommate.
After analyzing 200,000 listings in the area, they determined that renters in DC can save 30 percent by going from a one-bedroom to a two-bedroom rental. The average cost of a one-bedroom apartment in DC, according to Lovely, is $1,883 a month, while the average cost for a single room in a two-bedroom apartment is $1,309 per month.
Naturally, the savings increase if you are willing to move up to a three- or four-bedroom roommate situation. One bedroom in a three-bedroom home rents for an average of $776 per month in DC, and a bedroom in a four-bedroom group house situation costs, on average, $736. While more economically feasible, those situations are more difficult to find: 85 percent of the listings in the DC area — including the near suburbs — are one- or two-bedroom units.
The savings trend continues in the near suburbs. Below are statistics for rentals in Alexandria, Arlington, Bethesda and Silver Spring.
Courtesy of Lovely.
This article originally published at http://dc.urbanturf.com/articles/blog/lovely_living_with_a_roommate_can_save_you_500_per_month/7215
Most Popular... This Week • Last 30 Days • Ever
The planned 8-unit development would be located on K Street right along the Potomac R... read »
Landmark Theatres is in the final stages of negotiations that would have it operating... read »
The housing market last month was not as hot as September 2020, but that is probably ... read »
The next phase on the Center Block would deliver 166 apartments and 221 hotel rooms.... read »
DC's crane count still ranks as one of the highest among U.S. cities despite a declin... read »
UrbanTurf has compiled virtual looks at large new developments around the DC region.... read »
The preferred mortgage product among most home buyers is the fixed-rate mortgage. How... read »
STAY DC provides rental aid and utility payment grants to at-risk District residents ... read »
The yet-to-be-built home may set a new bar for luxury in the residential real estate ... read »
Federal Realty plans to eventually file a planned unit development application for th... read »
With this weekend's DC houseboat tour a day away, UrbanTurf thought it only fitting t... read »
President Obama travels to Denver this morning to sign the stimulus bill that has bee... read »
In this week's installment of Ask An Agent, a reader wonders if there is a rule for h... read »
As The Wharf prepares to begin construction, DC's houseboat community heads to its ne... read »
In this week's installment of Ask An Agent, a reader asks a fairly common question th... read »
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!
Intro guides for first-time home buyers
Awesome and unusual real estate from across the DC Metro