Living with a roommate can save you thousands of dollars while renting an apartment in Los Angeles. You can sublease from an existing tenant and enjoy a lower rent, which is one of the most obvious ways to save money on rent.
According to SmartAsset, roommates in Los Angeles can save up to $800 per month on rent, which equates to nearly $10,000 per year. However, there are other ways to save money on rent, too.
Co-living with roommates
The question is how to rent apartment and save money? Many people choose co-living over traditional apartments for rent in Los Angeles because it allows them to share their apartment expenses with roommates. This option is great for those who are on a tight budget but don’t want to live alone.
Besides saving money, co-living lets tenants avoid the common pitfalls of renting with roommates. Regardless of whether the roommate moves out or doesn’t return, rent stays the same. Plus, tenants don’t have to worry about searching online ads to find a new roommate.
Besides saving money on rent, co-living allows residents to live light. Because co-living involves individual room leases, co-living removes many of the financial worries that come with living with others.
Rather than worrying about whether a roommate will pay rent on time or move out early, co-living lets people share the responsibility for cleaning and utilities. Moreover, co-living also removes the hassle of roommates having to find and pay rent, as both rent and utilities are included in one monthly payment.
Although many economists agree that rent control in Los Angeles has negative effects, it can actually be advantageous. It can reduce rent increases while deterring the development of new apartment buildings.
Because of these problems, many economists advocate using market forces to control rents. But the reality is a little different. Los Angeles’ rent stabilization ordinance only applies to apartments built after 1978. So how does it work?
Most rent control laws in California are similar, but Los Angeles’s Rent Stabilization Ordinance has the most impact on tenants. To learn more about the different laws affecting renters in Los Angeles, visit our Legal Research page. Keep in mind that the information contained here is aimed at Los Angeles renters, and may not be accurate. This article will outline the most important laws that apply to renters in Los Angeles.
Finding a place near the center of Los Angeles
The city center of Los Angeles is a great choice for most people, but if you are a student or a young professional, an affordable alternative is an apartment in a suburb. Public transportation is plentiful and fares are low compared to those in downtown Los Angeles.
In addition to convenient transportation, apartments in these areas offer great value for money. To find the perfect apartment for you, fill out an Apartment List quiz. Then, input your workplace’s address and commute time.
Once you’ve settled on a neighborhood, talk to the neighbors and see if they would recommend the neighborhood. Take some time to walk around the area and come back at night to get a feel for the neighborhood.
Ask neighbors questions about the neighborhood and the apartment. Do they have any questions regarding maintenance? Is the area secure? Is there public transportation nearby? Are there other amenities nearby?
Finding a place with top-notch amenities
Amenities are one of the most important factors to consider when choosing an apartment. Quality amenities are necessary to make apartment living comfortable and enjoyable. There are various perks available in some apartments that you may not find in other places.
Private patios and balconies are two of the most desirable perks of an apartment. In-unit laundry is another essential perk. If you have a dog, consider finding a place that has a dog daycare. A designated parking space is another great convenience to avoid circling the block.
While most people would like to live in an apartment with top amenities, finding one with these amenities is not always possible or affordable. You may want to consider downsizing to save money on rent.
Certain features and apartment sizes correlate with high monthly rent. Below are some of the features to look for when choosing a place to rent in Los Angeles. There are a variety of ways to save money on housing in Los Angeles.