Nationally, a 2-bedroom apartment rents for 30% more, on average, than a 1-bedroom in the same building.
That makes sense: Renting a 2-bedroom should be less than renting two 1-bedrooms since the total number of bedrooms stays the same but you merge into one kitchen and maybe even one bathroom.
Are studio apartments cheaper than one bedroom?
Generally, it’s cheaper to rent a studio apartment than it is to rent a 1-bedroom apartment. However, it’s important to keep the price difference in mind. Studios tend to run a few hundred dollars cheaper than 1-bedrooms, depending on square footage and luxury.
Why are studios more expensive than 1 bedrooms?
A studio apartment typically has one main room and one bathroom. The main room will likely be your living area, bedroom, and kitchen all in one open space. Rent and utilities will be less expensive, allowing you to save more money. Many studios have unique features, such as a brick wall or exposed ceilings.
Should I get a one or two bedroom apartment?
A one-bedroom apartment in a location like this is quite likely to outperform a two-bedroom apartment in a less desirable area. The ideal apartment of any size has lots of natural light and pleasant views. If buying off the plan, best to opt for one where the main windows, or balcony with glass doors, face north.
Are studio apartments more expensive?
Renting a typical studio apartment costs more each month than renting a typical one-bedroom home or apartment, according to a new HotPads analysis in a release. Across the United States, the median rent for a studio apartment is $1,385 per month.