Coliving in New York City
Your guide to living and renting coliving in greater New York City
Welcome to New York City
Coliving in New York City
Seven miles long by seven miles wide is one of the west coast’s most economically thriving cities. Known for being HQ to some of the most valuable companies in the world, the Bay Area is also one of the most expensive places to live. A one-bedroom apartment goes for a hefty $3,468 a month on average (Source: RentJungle) whereas you can rent a private bedroom in a coliving space for much cheaper. If you’re looking for coliving in San Francisco, you’ve come to the right place.
Price of Coliving in New York City
As with most things, the price of coliving in New York depends on a couple factors. Coliving can be placed in, essentially, two buckets. The first is a private bedroom in an upscale unit. The second is more like a hostile where there are multiple people in a bedroom and less private space.Average cost of Coliving per month in a private bedroom: $1,600Average cost of Coliving per month in a shared bedroom: $967Consider also that most coliving spaces come equipped with things like one inclusive bill for wifi, utilities, water etc,. making that number the bottom line. Most apartments don't come standards with those things so you can almost always add on $150-$200 more a month, equating to more than $2K a year. Adds up fast!
Average Lease Length of Coliving in New York City
One of the biggest factors most renters consider is lease length. Getting trapped into a long lease is never fun, especially if you have to break it and find a sublet. One popular use case is If your boss has you assigned to San Francisco for a few months. Coliving may be a better option than staying in a hotel. In tech where there is a lot of consulting jobs - whether it be in design, software engineering or strategy, a 3-month lease is perfect. It gives you flexibility, affordability, convenience and a comfortable short-term stay.From our data, shared coliving spaces offer lease lengths starting at one week to one month while renting a private bedroom varies much more greatly. Some companies offer a stay as little as a day (Outsite) while others are offering 9-month leases (Starcity).Average lease length of Coliving for a private bedroom: 3-4 monthsAverage lease length of Coliving for a shared bedroom: 1 week-1 month
Find Your ColivingCircle in New York City
Coliving is as much about community as it is renting. Many spaces are designed around a specific interest or passion.The draw of Hollywood brings some of the most talented people in the world to Los Angeles. Coliving empowers you to collaborate with an eclectic group of creatives. There are facilities equipped with recording studios, photo studios, art spaces, dance spaces, office space, rooftop lounges and more.There are also spaces perfect for business professionals; remote workers who rely on hot coffee, high speed wifi and co-working space. Either way, you're bound to meet incredible people.
What Neighborhoods in New York City Is Coliving In?
Coliving is spreading throughout the New York City area making it available or close to most neighborhoods. There are coliving spaces in Upper Manhattan, Manhattan, Harlem, Ridgewood, Hamilton Heights, Clinton Hill, Long Island, Kips Bay, Morningside Heights, Greenpoint, West Harlem and Mildwood.
Coliving Spaces in New York City
Origin Coliving
Top City Living
Aleph Living
Quarters
Ollie
WeLive
SharedEasy
Common
Roomrs
Dwell
June Homes
The Assemblage
The Collective
Settle Living
What is Coliving?
Coliving (or co-living) is a form of housing where renters share living space and a set of interests or values. If it sounds new or familiar, it's because it's both. Coliving takes old ideas about co-housing and communal living and sets it to today's background for the modern renter.
Flexible Lease Lengths
No more getting trapped into long leases, coliving offers short lease lengths perfect for people traveling for work or just wanting to enjoy a new city.
Fully Furnished
Units
Enjoy beautifully crafted spaces with furniture you won't have to worry about moving or paying for. Most units come equipped with a bed, dresser, bathroom essentials and more.
All-Inclusive
Pricing
Pay one inclusive rate for your stay. Setting up the utilities, water, G&S and then cancelling it is a hassle. Most coliving spaces bundle those costs into one flat monthly payment.
*Also Rents by Day
Coliving is More Affordable than a 1-BR Apartment
You'd think with all the benefits of coliving it would be more expensive than traditional renting, but that's not the case. You can save as much as 47% a month in New York City and 43% in San Francisco.
Based on data from RentJungle, RentCafe and our own internal records.
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