If you're planning to rent an apartment alone, you may be trying to decide whether you want to live in a studio or a one-bedroom apartment. Both types of apartments are very popular for single renters and each one has its own advantages.
Here's how to decide whether a studio or a one-bedroom apartment is the best solution for you.
Why Rent a Studio?
People who rent a studio apartment enjoy paying less rent each month, which translates to significant savings year after year.
The simple floor plan of a studio makes it comparatively easy to decorate, and it doesn't require as much furniture to achieve the feeling of being "settled in." Studios are ideal for renters who don't have many belongings that they need to display or keep handy in their apartment.
Why Rent a One-Bedroom Apartment?
One-bedroom apartments attract renters who desire more space and multiple rooms in their apartment. Having a separate bedroom is good for renters who like to do much entertaining (your bed and related effects are out of the way and out of sight) or who have guests spend the night (they can sleep with greater privacy on the sofa in the other room). Also, if you telecommute, you may prefer to spend the workday in a different room than the one in which you sleep each night, for a change of scenery.
Decide if You Need the Upgrade
Deciding between renting a one-bedroom apartment or a studio apartment boils down to thinking of a one-bedroom apartment as an upgrade (since it costs more) and deciding whether the upgrade is worth it to you.
As you read above, one-bedroom apartments offer certain benefits in return for the higher rent, but these benefits aren't valuable to every renter.
Also, some renters who can afford a one-bedroom apartment decide they would prefer, or at least wouldn't mind, living in a studio. If this is your situation, consider hunting for a studio but budgeting more for your rental.
For example, look for a studio that offers excellent views of your city or a nearby park or lake, or in a building that offers more amenities.