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College Grad Lessons » Blog Archive » Four Housing Options for College Grads: Pros and Cons

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Erin graduated from college in May 2008 and was surprised at the lack of resources for college students about what the transition into the "real world" is really like. In an effort to share her experience as a recent college graduate and create a resource for college students and recent grads, she created College Grad Lessons.

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Four Housing Options for College Grads: Pros and Cons

Choosing what type of housing to look for can be a difficult decision for someone starting their first job or finding their first place to live. Here are some pros and cons to consider:

Live With Your Parents

  • Pros:
    • Free or inexpensive
    • Easy to spend time with your family
    • Might not have to pay for food or utilities
    • No lease (you can leave whenever you want)
  • Cons:
    • May lack independence or privacy
    • Might not learn about taking care of your own place and paying bills

Rent a Room

  • Pros:
    • Inexpensive compared to most other housing options
    • Independence without being alone
    • Might become friends with your housemates
    • Might be able to learn about the area from your housemates
    • Utilities may be included or inexpensive
    • May not have a lease or the lease might only be month-to-month
  • Cons:
    • May lack privacy
    • Will have to share common spaces
    • May not like your housemates
    • May still have to sign a multi-month lease
    • Landlord might not get to repairs quickly

Rent an Apartment

  • Pros:
    • Independence and Privacy
    • Can still choose to share the apartment to save money/not live alone
    • Apartment complexes provide maintenance and other amentities
  • Cons:
    • May be more expensive than renting a room
    • Likely to have a lease
    • Will have to pay utility bills
    • Could be expensive

Rent a House

  • Pros:
    • More space than in an apartment
    • Might be quieter than an apartment complex
    • Can choose how many housemates you have and who you want to live with
  • Cons:
    • Will have to pay utilities
    • Might have to manage rent and utilities for other housemates
    • Could be expensive
    • Likely to have a lease
    • Landlord may take longer to get to repairs than at an apartment

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