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Cities where you can save the most by having a roommate

Renters could save up to $33,000 a year by choosing to live with roommates instead of living alone.

We compared average monthly roommate rents with the average monthly rent for a 1 bedroom apartment in the top 25 US cities*. The results showed that renters could save thousands of dollars a year by choosing to live with roommates over living alone.

These were the top 5 cities where you could save the most per year:

  1. New York = $33,048
  2. Boston = $25,476
  3. San Francisco Bay Area = $22,656
  4. San Diego = $20,928
  5. Los Angeles = $17,880

See below for how much on average you could save per year for each of the top 25 US cities:

  1. New York = $33,048
  2. Boston = $25,476
  3. San Francisco Bay Area = $22,656
  4. San Diego = $20,928
  5. Los Angeles = $17,880
  6. Miami = $16,776
  7. Seattle = $16,080
  8. Washington D.C. = $15,000
  9. Chicago = $13,464
  10. Tampa = $12,780
  11. Sacramento = $12,744
  12. Atlanta = $12,276
  13. Philadelphia = $12,036
  14. Portland = $11,988
  15. Denver = $11,616
  16. Baltimore = $10,308
  17. Orlando = $9,864
  18. Charlotte = $9,132
  19. Virginia Beach = $8,856
  20. Austin = $7,992
  21. Dallas = $7,920
  22. Las Vegas = $7,332
  23. Phoenix = $7,164
  24. Houston = $6,600
  25. San Antonio = $5,604

Matt Hutchinson, spokesperson for SpareRoom comments: “Cities are some of the most vibrant and exciting places to live, yet city living can be incredibly expensive. Sharing costs with roommates is a great way to make things more affordable, plus you get to meet new people and explore the city together. After the holiday season, many people look for ways to make financial cutbacks. Making the switch to living with roommates can save you a staggering amount over the course of a year.”

Notes to editors
*SpareRoom data was used for the average monthly roommate rent (Q3 2023) for each of the top 25 metro areas. Data from Apartment List was used for the average monthly rent for a 1 bedroom apartment in each city (data recorded on 30.11.23)