10 Cities Where Having a Roommate Will Save You the Most Money

The average cost of rent in the U.S. is $1,755 for a 903-square-foot apartment, according to RentCafe. In some places, rental apartments go for $2,000, $3,000 or even more a month. That’s a hefty chunk out of anyone’s wallet, which is why having a roommate is so popular — and in some cases, essential to afford your cost of living.

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The good news is having a roommate can save you quite a bit of money. SmartAsset ranked 100 of the largest cities in the country to determine in which cities having a roommate will save you the most money. The study compared the typical savings of someone sharing a two-bedroom apartment vs. renting a one-bedroom apartment on their own. Results are based on the idea of splitting the rent 50-50.

Here are the 10 cities where you could save the most money each month by having a roommate.

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Chicago, Illinois

• Average one-bedroom rent: $2,020

• Average two-bedroom rent: $2,500

• Typical monthly savings with a roommate: $770

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Santa Ana, California

• Average one-bedroom rent: $2,200

• Average two-bedroom rent: $2,840

• Typical monthly savings with a roommate: $780

Arlington, Virginia

• Average one-bedroom rent: $2,510

• Average two-bedroom rent: $3,400

• Typical monthly savings with a roommate: $810

Miami, Florida

• Average one-bedroom rent: $2,550

• Average two-bedroom rent: $3,350

• Typical monthly savings with a roommate: $875

New Haven, Connecticut

• Average one-bedroom rent: $2,200

• Average two-bedroom rent: $2,590

• Typical monthly savings with a roommate: $905

San Francisco, California

• Average one-bedroom rent: $3,200

• Average two-bedroom rent: $4,300

• Typical monthly savings with a roommate: $1,050

San Jose, California

• Average one-bedroom rent: $2,760

• Average two-bedroom rent: $3,390

• Typical monthly savings with a roommate: $1,065

Boston, Massachusetts

• Average one-bedroom rent: $2,850

• Average two-bedroom rent: $3,500

• Typical monthly savings with a roommate: $1,100

Jersey City, New Jersey

• Average one-bedroom rent: $3,190

• Average two-bedroom rent: $3,450

• Typical monthly savings with a roommate: $1,465

New York, New York

• Average one-bedroom rent: $4,470

• Average two-bedroom rent: $5,600

• Typical monthly savings with a roommate: $1,670

Living alone is more expensive than living with a roommate in many ways: The “singles tax” can be a real drain on your wallet. In these cities, living with just one other person can save you a significant amount of money — potentially making the lack of privacy worth it.

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Sources

• RentCafe, “Average Rent in the U.S.“

• SmartAsset, “What a Roommate Can Save You in 100 U.S. Cities – 2025 Study.”

This article originally appeared on GOBankingRates.com: 10 Cities Where Having a Roommate Will Save You the Most Money