AUSTIN (KXAN) — The cost of housing typically takes up most of the monthly budget, but sharing the costs can help relieve some of the burden.
SmartAsset, a financial technology company, looked at apartment rents in Texas and found what a person could save if they split the rent of a two-bedroom apartment with a roommate versus renting a one-bedroom apartment.
2024: What a roommate can save you
Here’s how much you can save in these five Texas cities:
Austin
In Texas, the most drastic savings – $510 per month – is in Austin. Rather than pay the median $1,460 for a one-bedroom apartment, renters can split a $1,900 two-bedroom apartment with a roommate.
Plano
Rent for a one-bedroom averages $1,490 in Plano. For a two-bedroom, it’s $2,040 per month. With current prices, a roommate can save an individual $470 monthly.
Houston
A person opting for a two-bedroom apartment with a roommate can save $450 per month in Houston by splitting a $1,580 monthly cost instead of paying $1,240 on their own.
Irving
In Irving, having a roommate can save you $435 per month. This is with a one-bedroom apartment costing a median of $1,260 and a two-bedroom costing $1,650.
Fort Worth
A roommate can save you an average of $430 per month with Fort Worth’s current prices. A one-bedroom currently goes for $1,210, while two-bedrooms are at $1,560.
Check out the other four Texas cities SmartAsset examined:…