Splitting the rent can save a Washington, D.C., tenant $713 a month, according to a new report from money-management portal SmartAsset.
The report looked at the average one- and two-bedroom rents in 50 big cities nationwide, and, from that, extrapolated how much splitting such rents—with a roommate or somebody else—can save a tenant.
Not surprisingly, the $713 in savings monthly—or $8,556 yearly—underscores just how expensive D.C. apartments are compared with other major U.S. cities. In fact, only in seven other major cities can tenants save more on rent through sharing the rent.
Data from late September from real estate listings site Zumper, which tracks vacant and available apartments, pegged the median D.C. studio at $1,790 a month, the median one-bedroom at $2,164, and the median two-bedroom at $2,700.
What’re you seeing out there? Do you share an apartment in the district to make the rent?
- What a roommate saves you in 50 U.S. cities [SmartAsset]