As apartments start to hit the market for 2013 several trends in pricing are starting to appear. If you're looking to save money, FIND A ROOMMATE...or two, or suck it up and split a room with your significant other.
The savings from splitting a 2 bed compared to getting your own studio or 1-bed apartment is huge. Not only are you at the highest price per square foot mark, you're also paying all the utilities on your own. The same can be said if you're willing to get a 3-bed apartment. At around $750-850 a bed ($2,250-2,550) you can get a very nice, updated apartment. Anything larger then a 3-bed and you're really only saving on utilities (heat, hot water, electricity, cable/internet).
As a fellow Boston renter and a serial apartment mover... I will be looking for a 3-bed apartment this year. It's pretty simple, you get the most for your money, you can split utility costs and you don't have to feel like you live in a frat/sorority.
Below are the average costs you'll see in 2013 for Boston apartments:
Studios range from $975 to $1,600 per month
1 Beds range from $1,250 to $2,300 per month
2 Beds range from $1,600 to $2,800 per month
3 Beds range from $1,800 to $3,600 per month
4 Beds range from $2,400 to $5,000 per month
5 Beds range from $3,000 and up
If you're new to Boston and don't have any roommate options Craigslist can be a great outlet. Posting an advertisement on Craigslist with the description; "I need a roommate" or "Looking to share an apartment" can be a great way to find someone to live with. Believe it or not there's a lot of people in this same predicament.