If you're a student or a young professional living in New York City then you are already aware of the high price of rentals right? 

We all want to live in a good environment but don't want to pay that much. That's why many are considering co-living in New York City instead of renting a house or an apartment.

In this blog post, we'll explore what is co-living, the pros and cons of co-living, and how to find the best co-living option for you.

Let's get started.

What is Co-living?

Co-living is a type of housing arrangement in which residents share common living spaces, such as kitchens, living rooms, and bathrooms. 

In some cases, co-living arrangements also include shared bedrooms. Co-living typically refers to intentional communities of people who live together by choice, rather than by necessity.

There are many reasons why people choose to co-live. For some, it is a way to save money on rent and utilities. Others enjoy the social aspects of living with roommates or members of an intentional community. 

And for some people, co-living is simply a preference for living in close quarters with other people. Like any housing arrangement, there are both pros and cons to co-living. 

Below, we will explore some of the key advantages and disadvantages of this type of housing arrangement.

Co-living in New York City: Pros and Cons

Pros of Co-living

One of the biggest advantages of co-living is that it can be more affordable than traditional apartments or houses. This is because residents typically share common spaces like kitchens and living rooms, which reduces the overall cost of rent and utilities. 

In addition, many co-living arrangements include amenities like furniture and housewares that would otherwise need to be purchased separately.

Another big advantage of co-living is that it fosters a sense of community among residents. This can be beneficial for those who live alone or who prefer not to live in traditional apartments with anonymous neighbors. 

In addition, many co-living arrangements offer social activities and events that help residents get to know one another better. Finally, co-living can be a great option for those who travel frequently or who do not want the hassle of maintaining their own home (e.g., paying bills, cleaning). 

Many co-living arrangements offer flexible leases and the option to sublet when residents are away for extended periods; this can make life much easier for students, busy professionals, or frequent travelers.

Cons of Co-living

Of course, there are also some disadvantages to consider before moving into a co-living arrangement. One potential downside is that you may have less privacy than you would in a traditional apartment or house (especially if you are sharing a bedroom). 

If you value your privacy highly, you may want to consider whether or not you would be comfortable sharing common spaces with other people daily.

Another potential drawback of co-living is that it can sometimes be noisy – especially if your roommates/community members are party animals! 

If you’re looking for peace at home after a long day at work, you may want to think twice about moving into a co-living situation (or at least make sure to find one with quiet hours!).

Finally, it’s important to remember that not all co-living arrangements are created equal. While many are well-run and organized, others may be less so. 

Before moving into a co-living arrangement, be sure to do your research and make sure it is a good fit for you.

How to Find the Best Co-living Option for You in New York City.

Consider your budget

When looking for a co-living option in New York City, the first thing you should consider is your budget. There are many different options available, from luxury apartments to more affordable options, so it is important to find something that fits within your budget. 

If you are working with a limited budget, there are still plenty of great options available. For example, Harrington Housing offers affordable co-living options starting at just $1,500 per month.

Consider your living situation

Another important factor to consider when choosing a co-living option is your living situation. Do you have roommates? Are you looking for a private room or an apartment? 

There are many different types of co-living arrangements available, so it is important to find one that best suits your needs. 

Consider your lifestyle

When choosing a co-living option in New York City, it is also important to consider your lifestyle. Do you prefer to live in a quiet neighborhood or a more vibrant area? 

Do you need access to amenities like a gym or laundry facilities? There are many different factors to consider when it comes to finding the right lifestyle fit. 

For example, if you want to live in a more vibrant area with easy access to nightlife and restaurants, Downtown Manhattan and Midtown Manhattan may be a good fit for you. 

Consider your commute

Finally, when choosing a co-living option in New York City, it is important to consider your commute. Depending on where you work and where you want to live, your commute could range from minutes to hours each day. 

If you have a long commute, it may be worth paying slightly more for an apartment that is closer to your school or your workplace.

Conclusion

In conclusion, co-living can be a great option for people looking for an affordable place to live in New York City. 

There are many different co-living options available, so it is important to consider your budget, living situation, lifestyle, and commute when choosing the best option for you. 

If you like to check some of the best co-living options in New York City then visit our website and see all available units.

At Harrington Housing we are offering affordable furnished housing for those moving to New York City. Take the hassle out of finding studio apartments, roommates, and moving furniture with our help.