While there seems to have been a craze in the past several decades to upgrade and upsize homes and apartments, many millennials and even members of the older generations are starting to realize that bigger is not always better.

If you are looking for a place to stay, opting for a shared apartment and renting a private room may be the way to go. In this article, we will detail some of the advantages and next week will discuss the disadvantages.

  1. Cost Effective

If you are just starting out in life and your career and are looking for a way to live in a nice part of town inexpensively, then renting out a private room may be the way to go. You will end up saving loads of money when you opt for a private room over a full apartment, and while you will not have the same amount of privacy you would have had, you will be able to afford a higher standard of living in a nicer area than you would have with a full apartment.

  1. You Can Live in Nicer Areas

If you have a living budget of $700/month, an apartment at that rate in most cities will likely be in a nice area of town but may lack some of the pizazz and convenience that you would find in nicer areas. However, a private room at that same price can buy you a room in the downtown of many amazing cities and allow you to experience more on the weekends and have a closer proximity to many amazing activities and venues.