Splitting the rent can save a Boston tenant $989 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 $989 in savings monthly—or $11,868 yearly—underscores just how expensive Boston apartments are compared with other major U.S. cities. In fact, only in New York and San Francisco can tenants save more on rent through sharing the rent.
A recent report from listings site Zumper, for instance, which tracked vacant and available apartments as of September 1, found that Boston-area apartment rents had dipped in August—but that they still remained among the priciest in the nation.
What’re you seeing out there? Do you share an apartment to make the rent?
- Boston apartment rents down slightly heading into September: Report [Curbed Boston]
- Boston apartment rents: Why they’re so high [Curbed Boston]