See Jane Get Rich

A Personal Finance Blog
  • scissors
    November 5th, 2009seejanegetrichBudget, Housing, Law School

    A lot of my friends have rent envy. 

    rent-sign-main_FullWhen my friends and I compare our rents I come in on the lowest of the low spectrum with $750.  DC is one very expensive place to live if you want to live without a bunch of roommates/housemates.  AfterCollege.com put the average rent for a one bedroom apartment at $1,469 and Rent.com put that figure at an unheard of $1,100.  Most students and professionals who wants to live in a decent area that is close to the metro pays that much for a studio. 

     My Cali Friend’s rent is $1,250 for a studio while my New Mexico friend’s rent is $1,350 for a studio.  They both rent directly from condo owners which makes their rent lower than the typical apartment rates.  My Richmond study buddy pays $1,450 for a studio and she lives in an apartment.  They all live in a very nice area that is very close to the metro with a stone’s throw from a gym, grocery store, banks, restaurants and other convenience. 

     I pay $750 for a Junior 1 Bedroom.  I live in (ahem) a less-than desirable area of Washington, DC.  It’s the kind of place that I never would have lived in the first time I got to DC.  But, let’s just say my standards have changed and I have toughened up.  
    Read the rest of this entry »

    Tags: , , ,