One-bedroom apartments are expensive. The final price you’ll pay for a monthly rent plus utilities can easily top $1000. Add in taxes, insurance, maintenance, and other fees—and the cost can easily reach $1200 or more per month. That’s a lot of money for a place of just one room. The solution? Look for apartments that offer more than one bedroom. They can be as cheap as they come — but only if you know what to look for. Let’s take a look at why this is, and how you can find an affordable apartment near you.
Why Are One-Bedroom Apartments So Expensive?
One-bedroom apartments can be expensive for a variety of reasons. First, the cost of rent is often determined by demand and location. In areas where there is high demand, the rents will tend to be higher than in areas with lower demand due to landlords increasing their prices so they can take advantage of more renters willing to pay a premium price. Renters should look into these factors when looking at one-bedroom apartment prices.
Reasons Why Is One Bedroom Housing So Expensive?
High demand and high prices
One of the main factors that affects one bedroom apartment prices is the demand for the housing. When there is a high demand for one bedroom apartments, landlords can charge a higher price because they know that more people are willing to pay.
Another reason why one bedroom apartments can be expensive is because of location. The closer you are to larger cities, the higher the prices will be. However, if you live in a smaller town or suburb, the prices may be lower because there aren’t as many people looking for one bedroom apartments.
One last reason why one bedroom apartments can be expensive is because of size. If you’re looking for an affordable place to live, it may not be a good idea to look for an apartment that only has one bedroom and no other rooms. Instead, look for an apartment that has at least one other room. This will lower the price of the apartment.
It’s not just about the bedroom
One bedroom apartments can be expensive for a lot of reasons, but the bedroom isn’t always the main factor. For example, if you live in an area that is expensive, the rent for an apartment with one bedroom may be higher than an apartment with two bedrooms.
It’s important to compare apples to apples
When looking for an apartment, it’s important to compare the price of one bedroom apartments with the price of other types of apartments. For example, if you’re looking for an apartment that has two bedrooms and one bathroom, the price for an apartment with one bedroom may be lower than the price for an apartment with two bedrooms and a bathroom.
How To Find An Affordable One-Bedroom Apartment
Get to Know the Site You’re Looking At
Before you start looking, get to know the site you’re interested in. Go to the apartment and talk to the management on the site—see what they see, hear, and do. You’ll learn a lot about the rental process, the maintenance, the local real estate market, and more.
Don’t Be afraid to Haggle
While some landlords may try to play it cool when it comes to negotiations, most will still welcome a challenge. So, don’t be afraid to haggle! You can usually haggle in a number of different areas of the rental process, including the price of utilities (water,Electric, Sewer, and Trash), cleaning, and the final agreed-upon rent.
Set Your Limits
The first thing to understand is your budget. New York City has a high cost of living, and while you can find a place that fits your budget, some areas of the city are more expensive than others. When you set your budget, try to stick to the budget you’d set for a two-bedroom apartment in the same area. If you want more space, look in other areas of the city.
Ask Yourself Key Questions
When you’re looking at a place to rent, you’ll likely be asking yourself a number of questions. Here are some of the questions you might want to keep in mind as you address the place: How much space does the place have? Is it close to where I want to be? Is it close to where I need to be to get my job accommodated? Is it close to where I’d like to go out after work? Is it near where I’d like to walk with the dog? Is it close to public transportation? What are the building features? How much does the place charge for monthly rent?
Find a One- or Two-bedroom Apartment
Now that you know how to find an affordable one-bedroom apartment, it’s time to look for one. The best way to find a one- or two-bedroom apartment is to do your research and look for the perfect place. You don’t have to settle for anything—not even an affordable option. If you see something that looks promising, walk around the building, asks the residents how their experience with the landlord has been, and take notes. You want to make sure that you fully understand the rental process before moving in.
Get a Friend or Family Helping Hand
One of the best ways to find an affordable one-bedroom apartment is to get help from friends or family. If you have a large family, consider adding another person to your list. If you have a lot of friends in common, you might be able to ask them to look for you a one-bedroom apartment. If you’re interested in a specific building or neighborhood, make sure you let your friends and family know. Let them know what you’re looking for and what you’ve already considered.
Invest in your Interviewing Skills
One of the best ways to find an affordable one-bedroom apartment is to invest in your interview skills. Ask a ton of questions. Get to know the process inside and out. Take notes. You want to make sure you fully understand the rental process before moving in.
The Pros Of A Two-Bedroom Apartment
- One of the biggest advantages of a two-bedroom apartment is the amount of privacy it offers. Whether you are living with family members, friends, or roommates, having separate rooms means everyone will have their own private space. This can help to reduce arguments and ensure that even when someone has guests over, they can still enjoy some level of privacy.
- Another great benefit to having a two-bedroom apartment is the additional storage space. With two bedrooms, you can create more closet and shelf space to store items like clothing, bedding, books, decorations, and other household items. This can be especially useful if you have many possessions or if you are living with someone who has a lot of their own belongings.
- A two-bedroom apartment can also provide more space to entertain guests. With the extra bedroom, you can easily set up a home office, den, or living room area that is separate from the main living space and away from any sleeping quarters. This will make it easier to host friends and family without worrying about disturbing others or having too much noise.
- Finally, a two-bedroom apartment can be more affordable in the long run. While rent may be higher than that of a one-bedroom apartment, you’ll be able to split the cost with another person and save money on utilities since you’ll have fewer square feet to heat or cool. This can make living in a two-bedroom apartment more cost-effective than living in a one-bedroom or studio.
The Cons Of One-Bedroom Apartments
Lack of Storage Space
One-bedroom apartments, especially those in the city or in an urban area, typically have far less storage space than two-bedroom or larger units. This can be a real challenge if you are someone who likes to fill their home with furniture and accessories. Moreover, it may not be enough space to store seasonal items such as winter coats, skis, or beach gear.
Limited Floor Plans
In a one bedroom apartment, you usually only have very limited floor plans to choose from. This means that you may not be able to find one that perfectly fits your needs since most of them come with the same layout and size regardless of the building they are located in.
Limitations to Entertaining Guests
It can be difficult to entertain more than a few guests in a one bedroom apartment. With the lack of additional rooms, it can be hard to find places for people to congregate or mingle and this could be an issue if you enjoy hosting parties or gatherings.
Elevated Noise Levels
Since most one bedroom apartments are located in a densely populated area, there can be increased noise levels that come with the territory. This can be especially challenging if you are someone who is sensitive to sound or enjoys peace and quiet while at home.
One bedroom apartments are perfect for young people who are studying, going to work, or training to be a better person. They allow you to save money on rent, and have more space than a two- or three-bedroom unit would have. However, one bedroom apartments are often very expensive, especially if they are in a high-rise. Another downside to one-bedroom apartments is that they are usually the least flexible in terms of room size. In this article, we looked at why one bedroom apartments are so expensive, and how you can find an affordable one-bedroom apartment near you.