Studio and convertible apartments work fine for 20-somethings who spend most of their free time out and about. But when you’re working from home, hosting dinner parties or moving in with a significant other, sizing up is a virtual necessity.
To upgrade from a studio apartment, the report shows renters in the U.S. can expect monthly costs to increase anywhere between 7 percentage points and 43 percentage points. Meanwhile, moving from a one-bedroom to a two-bedroom boosts housing dues by 6 percentage points to 43 percentage points, on average.
In dollar amounts, sizing up from a studio costs between $51 and $1,169 more per month across the 25 largest U.S. cities by population, accoridng to the report. To expand from a one-bedroom to a two-bedroom unit, renters face an additional $43 to $1,710 per month, depending on location.
Where does sizing up cost the most?
In Chicago, the cost disparity between studios and one-bedrooms is an average 43 percentage points. The largest percentage increase among the top cities, it costs an average $532 more per month for around 253 additional square feet, the report shows. Two-bedrooms in the Windy City deliver 333 extra square feet at $689 more per month.
New York City holds the second largest jump in rent (41 percent) to transition from a studio to one-bedroom unit, adding a steep $1,169 extra per month for just 190 square feet, according to the report. Upgrading to a two-bedroom from a one-bedroom in the Big Apple costs an additional $1,710 per month for 421 extra square feet, the report shows.
One-bedrooms in San Francisco offer 243 extra square feet compared to studios, but cost $778 more — a 33 percentage point price jump between apartment types. To expand to a two-bedroom in the City by the Bay, RentCafé says renters shell out $1,092 extra for 311 additional square feet.
Los Angeles studio renters should prepare to budget 31 percent more for a one-bedroom unit, according to the report, which brings 202 additional square feet on average for around $456 extra. Two-bedrooms in L.A. run $787 higher than one-bedrooms, with an average size increase of 314 square feet.
For Washington D.C. renters sizing up from a studio, the report shows transitioning into a one-bedroom adds an average $360 per month — 22 percentage points higher than the average studio. One-bedrooms provide an additional 237 square feet compared to studios in the nation’s capital, while renters expanding to two-bedroom units gain an average 275 square feet for $497 more per month.
Houston renters face an average 23 percentage point price increase to upgrade to a one-bedroom apartment from a studio, or a moderate $176 extra per month; these higher dues add 229 square feet on average. To move to a two-bedroom, renters in Houston spend $222 more for a bonus 310 square feet, according to the report.