2020 Guide to Co-Living in New York

‘If I can make it there, I’m gonna make it anywhere.’

Even though Frank Sinatra sang that phrase more than 40 years ago, the saying rings true today. People come from all over to make a name for themselves in ‘the city that never sleeps.’

New York is a melting pot of culture, fashion, technology, finance, the arts and food.

As people flock to Manhattan and Brooklyn, rents have flown higher as well making affordable housing an issue.

Coliving (or co-living depending on how down you get with hyphens) has emerged at the right time, providing people affordable and flexible housing options in a city that is lacking that right now.

While a 1-bedroom may typically go for around $2,892 in New York City, the average price of a private room in a coliving space is $1,600.

Over the course of an entire year you save more than $14,400 renting a coliving space rather than a 1-bedroom apartment in New York.

Clearly, coliving is an attractive option

Before we get too far, let’s dive into what exactly coliving is if you’re unfamiliar with the term.

What is Co-Living?