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Home / Apartments / How To Save Up to 49% on Seattle Rent? Find a Roommate(s)

How To Save Up to 49% on Seattle Rent? Find a Roommate(s)

By May 27, 2013

Apartments

It makes sense that if you live together with a few friends or strangers, you could save on living costs by spreading out the rent, even for a larger home. A new survey has put a percentage on the potential savings in Seattle and the results show you can cut your rent by almost half if you live with others.

Here are the average savings for Seattle renters…

  • Save 47% by living with four roommates
  • Save 36% by living with three roommates
  • Save 37% by living with two roommates
  • Save 30% by living with one roommate
These findings are from Lovely, a new rental listings website that looks like Redfin for apartments. The company analyzed historical rental data of more than 85,000 rental listings in Seattle and foundĀ  the median rents per bedroom are:
  • $1,020 for a 1-bedroom unit
  • $717 in a 2-bedroom unit
  • $640 in a 3-bedroom unit
  • $550 in a 4-bedroom unit
  • $537 in a 5-bedroom unit
The survey also broke down the results for some of the most popular neighborhoods.
  • In Fremont, for example, the results show you can save 49% by living with three roommates as the median price per bedroom in Fremont drops to $656 in four-bedroom homes, 49% less than a one bedroom (median price: $1,283).
  • On Capitol Hill, you can save 40% by living with three roommates as the median price per bedroom on Capitol Hill drops to $843 in four-bedrooms homes, 40% less than a one bedroom (median price: $1,399).
  • In Belltown, you can save 31% by living with one roommate as the median price per bedroom in Belltown drops to $1,185 in two-bedroom homes, 31% less than a one bedroom (median price: $1,708).
  • In the Phinney Ridge/Greenwood area, you would save 37% by living with two roommates as the median price per bedroom drops to $704 in three-bedroom homes in Phinney Ridge and $607 in Greenwood, 37% less than a one bedroom in each neighborhood (median price: $1,123 in Phinney Ridge; $965 in Greenwood).
Interesting data but I’m not sure this convinces me to go out and find a few roommates. It is a nice marketing ploy by the new site, which is worth a search or two for renters and landlords looking to get a sense of rents in a particular neighborhoods or a specific street.