How Much Does It Cost?
A frequent question at Off-Campus Living is, “What does it cost to rent an apartment near the University?” We have put together representative cost comparisons for a single person living alone and two roommates sharing a two-bedroom.
Average Apartment Cost for a Single Person
Prices vary widely based on amenities provided, condition of the facility, and neighborhood. Costs shown are representative of a single student in a studio or one-bedroom unit in a medium-quality apartment building. For a single-bedroom apartment at $590 per month, estimate:
| Start-up Expense | Monthly Expense | |
|---|---|---|
| Security deposit | $590 (one month) | |
| Credit check | $30 (per tenant) | |
| Monthly rent | $545 | |
| Utilities | ||
| Gas (new account fee) | $25+ | $40 to $150 |
| Electric | $40 to $100 | |
| Telephone service | ||
| Installation | $40+ | |
| Monthly charge (budget) | $21 | |
| Cable Television (Comcast) | ||
| Installation | $25 | |
| Fee (standard service) | $48 | |
| Renter's insurance (strongly advised) | $100 per year | |
*these prices are purely estimates
Average Cost for Two Roommates
Sharing a Standard Two-Bedroom
Prices vary widely based on amenities provided, condition of the facility, and neighborhood. Costs shown are representative for two students sharing a two-bedroom unit in a medium-quality apartment building. Having a roommate will enable costs to be shared, but some expenses, such as utilities, may increase. For a two-bedroom apartment at $800 per month, estimate:
| Start-up Expense | Monthly Expense | |
|---|---|---|
| Security deposit | $800 (one month) | |
| Credit check | $60 ($30 per tenant) | |
| One month's rent | $800 | $800 |
| Utilities | ||
| Gas (new account fee) | $25+ | $55 to $150 |
| Electric | $55 to $150 | |
| Telephone Service | ||
| Installation | $40 | |
| Monthly charge (budget plan) | $21 | |
| Cable Television (Comcast) | ||
| Installation | $25+ | |
| Fee (standard basic service) | $48 | |
| Renter's insurance (strongly advised) | $100 per year | |
*these prices are purely estimates