Monthly bills are unavoidable if you intend to maintain a home, and housing expenses are definitely on the rise. Many individuals aim to cut these costs by opting to live with a roommate and share expenses.
According to a recent analysis by SmartAsset, which reviewed apartment rental prices in 100 U.S. cities, there are significant savings to be had by splitting the rent of a two-bedroom unit with a roommate instead of renting a one-bedroom apartment on your own.
The study highlighted seven cities in Florida as prime locations where substantial savings can be realized by cohabitating with a roommate.
The city where you could save the most money in Florida by finding a roommate is Miami, where the average person could save roughly $875 a month. In fact, Miami ranked No. 7 in the entire country, just ahead of No. 12 Tampa, where residents can save about $735 a month by finding a roommate instead of living alone.
Further down the list at No. 30 sits Orlando, where a one-bedroom apartment costs $1,520 a month on average and a two-bedroom costs $1,830. If you split that with a roommate, that ends up costing you $915 a month, a $605 savings from living alone.
Here’s the full rankings on how all of the Florida cities in the report from SmartAsset fared:
| Rank | City | Monthly Rent Savings with a Roommate | Percent Savings with a Roommate | One-Bedroom Rent | Two-Bedroom Rent |
|---|---|---|---|---|---|
| 7 | Miami, FL | $875 | 34.3% | $2,550 | $3,350 |
| 12 | Tampa, FL | $735 | 44.5% | $1,650 | $1,830 |
| 30 | Orlando, FL | $605 | 39.8% | $1,520 | $1,830 |
| 36 | Fort Lauderdale, FL | $565 | 29.7% | $1,900 | $2,670 |
| 51 | Jacksonville, FL | $500 | 41.7% | $1,200 | $1,400 |
| 52 | St Petersburg, FL | $490 | 31.6% | $1,550 | $2,120 |
| 66 | Tallahassee, FL | $450 | 40.9% | $1,100 | $1,300 |
To see how the rest of the country rounded out, check out SmartAsset’s full rankings right here.
