If you live in a big city like New York, Washington D.C. or Los Angeles, you are probably looking at a smaller apartments – either to be close to your workplace or to save on the cost of living. Is a studio apartment cheaper than a one-bedroom? Yes, a studio is almost always cheaper than a one bedroom apartment in terms of a total dollar amount, but keep in mind that a studio is usually more expensive on a price per square foot basis.
Though studios and one bedrooms have a lot in common, there are also some major differences.
Definition of Studios and One-Bedroom Apartments
A studio apartment basically merges the dining area, kitchen, bedroom and living room into a single room. There are usually not separation walls, except for the bathroom.
On the other hand, a one-bedroom apartment usually includes a separate bedroom and a defined living area. The kitchen may also be separate depending on the layout of the apartment.
As a rule of thumb, one-bedroom apartments are typically larger in size than studio apartments and offer distinct living areas.
Differences Between Studios and One-Bedrooms
Apart from the layout and size, there are some other differences that you will need to consider if you are choosing between studios and one-bedroom apartments –
A studio apartment will almost always cost less to rent than a one-bedroom apartment in the same area. But it is important to keep in mind that the lower rent directly corresponds to a smaller space and usually you are paying more per square foot for a studio apartment. If your biggest priority is the total dollar cost of rent, a studio may be a better choice.
Utilities will depend on the way you use the apartment and how utilities are billed, so this is a difficult prediction. For example, if you are prudent in a one-bedroom with your electricity consumption but have your heaters and air conditioners on all day in a studio, then you will pay more for utilities in the studio (all else being equal). There are a lot of factors that go into utility cost so this is a difficult assumption to make.
This depends on whether you are living alone or intend to share with a roommate. If you are planning to share with someone else, then a one-bedroom apartment may be a better choice to help maintain your privacy.
This depends on the number of people you want to entertain at once. But a studio apartment will likely be more cramped for space compared to a one-bedroom.
Working from Home
If you intend to work from home, then you may prefer the separation of a one-bedroom apartment. That being said, you could also create a segregated workspace within your studio too.
The Choice is Yours
Ultimately, the decision is entirely yours based on your lifestyle needs. Think about what makes sense to you and start your apartment hunt accordingly.
One Bedroom Apartment Housing
The one bedroom apartment has been the standard housing unit for many renters. However, due to availability and cost, the studio is quickly becoming an alternative choice for people looking to live in a metropolitan area. The average price of renting a studio in New York City is $2,000 per month which includes utilities and cable TV. This is cheaper than renting a one bedroom at $3,500 per month with similar amenities.
The benefits of choosing this type of living arrangement are numerous. For starters there are no roommates or pets to worry about! There are also less things you have to purchase when moving into your new studio space such as furniture because they come fully furnished so all you need to do is unpack and enjoy your new place!
• Save money on rent by going with a studio
• Pay less for comparable New York City amenities
• Enjoy the perks of living in a city without being confined to a one bedroom apartment
• You will save $250 per month
• A studio offers more space than a traditional one bedroom apartment
• Renting is faster and easier as there are no mandatory credit checks
• Leases last less time with an average of 9-12 months
Renting a studio can be cheaper than renting an apartment in many metropolitan areas. The average price of renting a studio in New York City is $2,000 per month which includes utilities and cable TV. This is cheaper than renting a one bedroom at $3,500 per month with similar amenities. With the availability of these studios limited for now, there are still plenty of opportunities to make your property stand out by implementing digital marketing strategies that attract renters who may not have considered living in smaller spaces before. Want help? Contact our team today!