Top 3 Coliving Companies in New York

You can choose one of these options to better suit your needs.

Okay, so you have finally made the decision to live in NYC. While you’re checking around the internet to rent a place, you notice that prices are particularly high.

However, you start seeing lower prices if you decide to live with someone else. Coliving has always been a good option to share rent in New York but has only gathered attention lately.

Now, let’s look at the top three options for coliving spaces in New York.

SharedEasy

SharedEasy offers friendly common housing for you. The company was founded two years ago and so far it owns 210 beds in more than 14 co-living spaces all around New York. 

Their locations range from Manhattan to Queens and Brooklyn and the company is expecting to own more than 500 beds over the next 12 months. 

Cost 

The average price for a private room with SharedEasy is around $1,300. They also offer shared rooms where you live up to three people for a price of $500 per month. In the rent price, you get furniture, internet, utilities, cleaning, and bedding.

Personal space 

If you get a private room you’ll also get a studying/working desk and lamp. However, living space is shared as are the bathrooms and kitchen.

Minimum stay

 They have a minimum of 30 days’ stay. 

Type of Community 

Up-and-coming entrepreneurs, founders, digital nomads, freelancers, millennials, students, interns, and people looking for a bigger place to live.

Co shared spaces

The shared spaces that you get from SharedEasy are:

  • the basement that you get in certain homes. 
  • the lounge areas
  • gyms (SharedEasy patterns with local gyms that are near the facilities)
  • co-working spaces around NYC

How do you apply

It’s relatively simple to apply with SharedEasy and get a room. 

They don’t require proof of income or credit score history. However, they might run a background check on your past rental history and the process also involves an interview which can happen in person or online. 

You can learn more about this on the SharedEasy official website.

Common

Common is famous for offering rooms for today’s renter. The company was founded in 2015. They now own more than 25 co-living spaces that range in locations from New York City, to Williamsburg, Crown Heights, Boerum Hill, Bedford-Stuyvesant, Park Slope, Ridgewood, Prospect Lefferts Gardens, and Hamilton Heights in Manhattan

Cost

Let’s start from the lowest rate. You can get a bedroom for $875 in the Albany building, which is found in Crown Heights. 

As with SharedEasy, the price includes rent, utilities, common space cleaning, internet, cable, cooking pots and pans, and bathroom and shower essentials.

Personal space

The price of the room you get includes a bed, a lamp, nightstand, a closet/dresser, and a wall hook to hang the kind of art you like.

Minimum stay

Common offers a three months minimum stay, but this is relative to the building. Most of the people that stay here have a nine-month up to a year-long lease but neither of them is mandatory. 

Another good thing about this company is that they allow you to move from building to building and they have flexible dates. Their system is based on a first-come, first-served business model. 

Type of Community

The most usual kind of people you will find here are post-graduates, couples, and young professionals with an average age of 30 years olds.

How do you apply

Common does run a financial and background check on you and the application is filed online. After your submission, they will most likely call you for a brief phone interview.

Roomrs

Roomrs offers spaces that make you feel at home. The company was founded in 2017. The CEO of the company doesn’t think millennials and Generation Z are used to the traditional renting process. That is why created an alternative that offers easier ways to rent a place for newcomers to the city and a process that is less confusing.

Roomrs apartments are located in different parts of New York from Greenpoint, to Williamsburg, Bed-Stuy, Crown Heights, the Upper East Side, and East Harlem.

For the moment, the company is planning to have more than 1,000 rooms in New York. However, due to the pandemic, this vision seems a bit hard since the space they had in Queens pre-pandemic was closed. 

Cost

The average rent with Roomrs can range somewhere between $1,000 up to $4,000 per month. 

Within the price, you are also paying for the furnishings, the internet, utilities, towels and bedding, kitchen utensils, common areas cleaning, and washers and dryers.

Almost all the buildings have smart entry with technology such as a card with no need for a key and even the mattresses are smart, collecting data while you sleep to give you a quality result later. 

Personal space

As a resident with Roomrs, you can expect to get a fully furnished room in a two-bedroom apartment. If you don’t mind bigger crowds then, three-, or four-bedroom apartments are also an option.

If you are more of a loner then studios are also available.

Minimum stay

As Common, Roomrs also has a policy of three months minimum stay.

Type of Community

The type of people you’re most likely to meet here are young people from the ages of 18 up to 35 from all over the world. 

The majority of them are students and young professionals, however, freelancers and interns also prefer Roomrs as a staying option. 

Co shared Spaces

The shared spaces of Roomrs are:

  • shared kitchens
  • bathrooms
  • living spaces
  • communal spaces, (some houses offer spaces such as rooftop decks and basements)

How do you apply

The application process will require both a financial check where they see your credit score and a deep background check to see the kind of renter that you are. 

After you have applied and have been approved, you don’t need to go through an interview process and can move into your new home within 24 hours. 

Differently from SharedEasy and Common, Roomrs charges an application fee and enrollment fee which allow you to transfer rooms at the end of your lease. 

Final Thoughts

Coliving in New York can be a fun experience if it is done right. There are many companies offering co-living spaces in New York but here we have mentioned the top three companies that do this job right.

The final choice is yours, just make sure you go with a company that doesn’t have a tedious process and high rental prices. After all, you want to live with others only temporarily until you can find a place of your own.

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