{"id":208,"date":"2017-09-19T12:00:59","date_gmt":"2017-09-19T12:00:59","guid":{"rendered":"https:\/\/www.renthop.com\/content-manager\/?post_type=studies&#038;p=6875"},"modified":"2017-09-19T16:29:09","modified_gmt":"2017-09-19T16:29:09","slug":"save-money-get-a-roommate","status":"publish","type":"post","link":"https:\/\/www.renthop.com\/research\/save-money-get-a-roommate\/","title":{"rendered":"Looking To Save Money On Rent? (Get a Roommate)"},"content":{"rendered":"<h2>Would You Get a Roommate to Save 40% Off Your Rent?<\/h2>\n<p>One of the most common, although not necessarily the easiest, ways to lower your rent is to move out of that one-bedroom apartment, get a roommate, and move in to a two-bedroom apartment. It\u2019s probably best if it\u2019s not that boyfriend or girlfriend you\u2019ve been dating for a few weeks nor that friend that\u2019s just crashing on your couch \u201cuntil he figures some stuff out\u201d.<\/p>\n<p>RentHop isn\u2019t here to make life choices for you though, we just want to show you where you can save money and how much. A quick look at the monthly median rent differences in 9 major metro areas showed <strong>savings varied from 30.8% in Los Angeles all the way to 42.6% in DC.<\/strong><\/p>\n<h3><strong>Here Are Our Key Findings:<\/strong><\/h3>\n<ul>\n<li>On average, across the US, one can expect to <strong>save around 40% off their monthly rent<\/strong> by sharing a two-bedroom versus having a one-bedroom alone<\/li>\n<li>The most expensive and oldest neighborhoods generally <strong>had the lowest savings (~30%)<\/strong>.\u00a0Some such areas are <strong>Upper East Side(NYC), Beverly Hills(LA), South Pointe(Miami), and North Beach(SF)<\/strong><\/li>\n<li>Neighborhoods outside the city center or that were less expensive generally <strong>had greater savings (&gt;40%)<\/strong> due to the lower incremental cost of an additional bedroom. Ocean Hill(NYC), West Roxbury(Boston), and Leesburg(DC) all had savings of over 45%<\/li>\n<li>The most consistent determinant of savings was the presence of a second bathroom in a two-bedroom apartment. A 2-bedroom\/2-bath can cost anywhere from 16% to 62% more than a 2-bedroom\/1-bath<\/li>\n<li><strong>Dallas and Los Angeles bucked some of these trends<\/strong>, with a wider price gap between one &amp; two-bedroom apartments, translating to less savings for those looking to get a roommate<\/li>\n<\/ul>\n<h3><b><i>The Map Below<\/i> shows roommate savings in each city &#8211; <i>Scroll Down<\/i>\u00a0for a table of savings by neighborhood<\/b><\/h3>\n<div style=\"width: 95%; position: relative; margin-left: auto; margin-right: auto;\"><a href=\"https:\/\/www.renthop.com\/content-manager\/wp-content\/uploads\/2017\/09\/one_bedroom_two_map-1.png\"><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter size-large wp-image-6900\" src=\"https:\/\/www.renthop.com\/content-manager\/wp-content\/uploads\/2017\/09\/one_bedroom_two_map-1-1024x540.png\" alt=\"\" width=\"1024\" height=\"540\" \/><\/a><\/div>\n<p>Variability drastically increased at the neighborhood level. <strong>Neigh<\/strong><strong>borhoods such as South Pointe, Miami Beach and Carnegie Hill \/ Upper East Side, New York showed little or no savings<\/strong> on the move to a two bedroom (the rent approximately doubles). In high-luxury areas like these there\u2019s a higher occurrence of coveted two-bedroom two-bathroom apartments and less of those pesky two-bedroom \u201cflex\u201d apartments.<\/p>\n<p>Other neighborhoods were at the other end of the spectrum: <strong>North Oakland (Bay Area) and West Side (Chicago) have median one &amp; two-bedroom median rents that are very similar. <\/strong>This is often correlated with a rarity of one-bedroom apartments or where one-bedroom apartments are very similar in size to two-bedroom apartments. Flex bedroom apartments were filtered out of the data, with only \u201ctrue\u201d one &amp; two-bedroom apartments being used to calculate median rent.<\/p>\n<p><strong>Flex rooms<\/strong> are made when a wall is put up to split a spacious one-bedroom into a two-bedroom. They are common especially in New York and San Francisco where new construction doesn&#8217;t meet the demand for housing and the desire for location outweighs the desire for space. An often-annoying occurrence for prospective renters is finding out an apartment advertised as a two-bedroom is \u201cflex-able\u201d, but actually doesn\u2019t have the wall put in place yet. <i>RentHop works to ensure these types of listings are properly classified; these apartments won\u2019t be the reason one &amp; two-bedroom apartment prices converge in some regions.<\/i><\/p>\n<h2>Bathrooms As a Determiner of Savings<\/h2>\n<p>Of all the compromises one must make when getting a roommate, sharing a bathroom puts people off the most. For good reason, as it&#8217;s usually the dirtiest room in a house. This can easily become a point of tension when shared by people with different hygiene standards. It should be no surprise then that one will need to pony up for a private porcelain throne.<\/p>\n<h3><strong>So how much does a second bathroom affect rent?<\/strong><\/h3>\n<p>In NYC the &#8220;get-a-roommate&#8221; savings drops to 16.1% for a two-bedroom apartment with at least 1.5 baths. In DC, Houston, and Miami the second bathroom had a less significant effect on the rent, likely due, in part, to the prevalence of additional bathrooms in a two-bedroom apartment.<\/p>\n<h3><strong>The table below shows how an additional bathroom affects rents in different cities<\/strong><\/h3>\n<div style=\"width: 90%; position: relative; margin-left: auto; margin-right: auto;\"><a href=\"https:\/\/www.renthop.com\/content-manager\/wp-content\/uploads\/2017\/09\/bathroom_differential1.png\"><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter size-large wp-image-6916\" src=\"https:\/\/www.renthop.com\/content-manager\/wp-content\/uploads\/2017\/09\/bathroom_differential1-1024x304.png\" alt=\"\" width=\"1024\" height=\"304\" \/><\/a><\/div>\n<p>&nbsp;<\/p>\n<h2>We\u2019ve Compiled A Table of Savings For All Neighborhoods In Nine Major Metros<\/h2>\n<p>Sort\/re-sort by any parameter by clicking that column. Change cities by clicking the city&#8217;s tab and search for your neighborhood by typing it into the box.<\/p>\n<div style=\"width: 95%; position: relative; margin-left: auto; margin-right: auto;\"><iframe loading=\"lazy\" src=\"https:\/\/www.renthop.com\/study\/assets\/national-one-two-br-savings\/national-rent-savings-table.html\" width=\"100%\" height=\"775px\" frameborder=\"0\" allowfullscreen=\"allowfullscreen\"><\/iframe><\/div>\n<p>A forthcoming apology from the RentHop data scientists: we&#8217;re sorry to have left out many neighborhoods and regions due to unavailability of accurate data. Luckily, many of the neighborhoods we call home are sub-neighborhoods of a larger region. If you don&#8217;t see your neighborhood, consider the name of the larger region and search for that.<\/p>\n<h2><strong>Below are some Standout Nabes to get a Roommate in Each City (Most Savings)<\/strong><\/h2>\n<p><strong><a href=\"https:\/\/www.renthop.com\/boston-ma\/apartments-for-rent\">Boston<\/a>:<\/strong><strong>\u00a0<\/strong>Jamaica Hills &#8211; Pond <strong>(46.6%)<\/strong>, West Roxbury <strong>(45.6%)<\/strong>, Everett <strong>(45.5%)<\/strong><\/p>\n<p><strong><a href=\"https:\/\/www.renthop.com\/chicago-il\/apartments-for-rent\">Chicago<\/a>:<\/strong>\u00a0South Shore (<strong>49.7%)<\/strong>, West Side <strong>(48.7%)<\/strong>, South Side <strong>(47.1%)<\/strong><\/p>\n<p><strong><a href=\"https:\/\/www.renthop.com\/dallas-fort-worth-tx\/apartments-for-rent\">Dallas<\/a>: <\/strong>Arlington<strong>\u00a0(40.1%)<\/strong>, Glencoe Park <strong>(38.7%)<\/strong>, Fort Worth <strong>(36.2%)<\/strong><\/p>\n<p><strong><a href=\"https:\/\/www.renthop.com\/washington-dc\/apartments-for-rent\">District of Columbia<\/a>:\u00a0<\/strong>Leesburg\u00a0<strong>(46.2%),\u00a0<\/strong>Huntington\u00a0<strong>(43.4%)<\/strong>, Old Town North\u00a0<strong>(42.1%)<\/strong><\/p>\n<p><strong><a href=\"https:\/\/www.renthop.com\/houston-tx\/apartments-for-rent\">Houston<\/a>:\u00a0<\/strong>Brazoria County\u00a0<strong>(48%)<\/strong>, Conroe\u00a0<strong>(44%)<\/strong>, Pearland\u00a0<strong>(43.7%)<\/strong><\/p>\n<p><strong><a href=\"https:\/\/www.renthop.com\/los-angeles-ca\/apartments-for-rent\">Los Angeles<\/a>:\u00a0<\/strong>The Colony\u00a0<strong>(46%)<\/strong>, Laguna Woods\u00a0<strong>(45.8%)<\/strong>, Chino Hills\u00a0<strong>(45.8%)<\/strong><\/p>\n<p><strong><a href=\"https:\/\/www.renthop.com\/miami-fl\/apartments-for-rent\">Miami<\/a>:\u00a0<\/strong>New Hampton\u00a0<strong>(45.5%)<\/strong>, Little Haiti\u00a0<strong>(45%)<\/strong>, San Matera at The Gardens\u00a0<strong>(45%)<\/strong><\/p>\n<p><strong><a href=\"https:\/\/www.renthop.com\/nyc\/apartments-for-rent\">New York City<\/a>:\u00a0<\/strong>Ocean Hill\u00a0<strong>(48.7%)<\/strong>, Gramercy Park\u00a0<strong>(46.4%)<\/strong>, East Shore\u00a0<strong>(46.1%)<\/strong><\/p>\n<p><strong><a href=\"https:\/\/www.renthop.com\/san-francisco-bay-area-ca\/apartments-for-rent\">San Francisco Bay Area<\/a>:\u00a0<\/strong>North Oakland\u00a0<strong>(47.5%)<\/strong>, Lower Hills District\u00a0<strong>(45.6%)<\/strong>, The Old Quad\u00a0<strong>(45.4%)<\/strong><\/p>\n<h2><strong>These are the Nabes NOT to get a Roommate in Each City (Least Savings)<\/strong><\/h2>\n<p><strong>Boston:<\/strong>\u00a0Oak Grove <strong>(20.5%)<\/strong>, Back Bay East <strong>(24.8%)<\/strong>, Lowell <strong>(26.3%)<\/strong><\/p>\n<p><strong>Chicago:\u00a0<\/strong>Kilbourn Park\u00a0<strong>(-5.3%)<\/strong>, \u00a0Addison\u00a0<strong>(7.8%)<\/strong>, Berwyn\u00a0<strong>(14.9%)<\/strong><\/p>\n<p><strong>Dallas:\u00a0<\/strong>City Center District\u00a0<strong>(7.1%)<\/strong>, Henderson\u00a0<strong>(7.5%)<\/strong>, North Oaklawn\u00a0<strong>(10%)<\/strong><\/p>\n<p><strong>District of Columbia:\u00a0<\/strong>Downtown Alexandria\u00a0<strong>(5.4%)<\/strong>, Prince William County (<strong>10%)<\/strong>, North Rosslyn\u00a0<strong>(11.8%)<\/strong><\/p>\n<p><strong>Houston:\u00a0<\/strong>Washington Ave &#8211; Memorial Park\u00a0<strong>(13.8%)<\/strong>, Greater Heights <strong>(14.1%)<\/strong>, Memorial\u00a0<strong>(16.7%)<\/strong><\/p>\n<p><strong>Los Angeles:\u00a0<\/strong>City Center\u00a0<strong>(-3.1%)<\/strong>, Silver Lake\u00a0<strong>(1.7%)<\/strong>, Downtown Huntington\u00a0Beach\u00a0<strong>(7.2%)<\/strong><\/p>\n<p><strong>Miami:\u00a0<\/strong>South Pointe\u00a0<strong>(0%)<\/strong>, Barrier Island\u00a0<strong>(7.3%)<\/strong>, Fleetwood\u00a0<strong>(8.4%)<\/strong><\/p>\n<p><strong>New York City:\u00a0<\/strong>Carnegie Hill\u00a0<strong>(8.3%)<\/strong>, West New York\u00a0<strong>(13.9%)<\/strong>, Battery Park City\u00a0<strong>(16.3%)<\/strong><\/p>\n<p><strong>San Francisco Bay Area:\u00a0<\/strong>Downtown\u00a0Berkeley\u00a0<strong>(15.8%)<\/strong>, North Beach <strong>(21.5%)<\/strong>, Telegraph Hill <strong>(21.5%)<\/strong><\/p>\n<hr \/>\n<p>&nbsp;<\/p>\n<p>RentHop knows there are many things you consider before getting an apartment. Cost and location are undeniably among the top considerations for most people, but we&#8217;re all different. Make\u00a0<strong>your\u00a0<\/strong>choices based on what&#8217;s right for\u00a0<strong>you.<\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Would You Get a Roommate to Save 40% Off Your Rent? One of the most common, although not necessarily the easiest, ways to lower your rent is to move out of that one-bedroom apartment, get a roommate, and move in to a two-bedroom apartment. It\u2019s probably best if it\u2019s not that boyfriend or girlfriend you\u2019ve [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":209,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_lmt_disableupdate":"yes","_lmt_disable":"","footnotes":""},"categories":[4],"tags":[8],"class_list":{"0":"post-208","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-market-insights","8":"tag-national"},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v22.4 (Yoast SEO v23.9) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Looking To Save Money On Rent? (Get a Roommate) - Real Estate Data &amp; Research<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.renthop.com\/research\/save-money-get-a-roommate\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Looking To Save Money On Rent? (Get a Roommate)\" \/>\n<meta property=\"og:description\" content=\"Would You Get a Roommate to Save 40% Off Your Rent? One of the most common, although not necessarily the easiest, ways to lower your rent is to move out of that one-bedroom apartment, get a roommate, and move in to a two-bedroom apartment. It\u2019s probably best if it\u2019s not that boyfriend or girlfriend you\u2019ve [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.renthop.com\/research\/save-money-get-a-roommate\/\" \/>\n<meta property=\"og:site_name\" content=\"Real Estate Data &amp; Research\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/renthopapartments\" \/>\n<meta property=\"article:published_time\" content=\"2017-09-19T12:00:59+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2017-09-19T16:29:09+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.renthop.com\/research\/wp-content\/uploads\/sites\/2\/2017\/09\/one_bedroom_two_map.png\" \/>\n\t<meta property=\"og:image:width\" content=\"1600\" \/>\n\t<meta property=\"og:image:height\" content=\"844\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/png\" \/>\n<meta name=\"author\" content=\"lawrence\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@renthop\" \/>\n<meta name=\"twitter:site\" content=\"@renthop\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"lawrence\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"5 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.renthop.com\/research\/save-money-get-a-roommate\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.renthop.com\/research\/save-money-get-a-roommate\/\"},\"author\":{\"name\":\"lawrence\",\"@id\":\"https:\/\/www.renthop.com\/research\/#\/schema\/person\/bfb1e305460412627d529695d248df79\"},\"headline\":\"Looking To Save Money On Rent? 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