Renting with Sharers: How to Save on Costs & Live Comfortably

Renting with housemates is a popular choice for young professionals, students, and even couples looking to reduce living expenses and enjoy a more sociable lifestyle. As rent prices in the UK continue to increase, living in cities like London can be expensive. Sharing a rental property can help reduce these costs.

In this guide, we look at the benefits and drawbacks of renting with others. We also discuss how to share costs fairly and give tips for making a happy home. Plus, we’ve included a handy to help you interactive house sharer cost calculator budget.

Why Rent with Sharers?

1. Lower Monthly Costs

Splitting rent, utilities, and even subscriptions means significant savings. Rather than stretching to afford a studio or one-bed flat solo, you can enjoy a larger property at a fraction of the cost.

2. Bigger and Better Spaces

When renting as a group, you're likely to get more space for your money. This could mean a garden, a large kitchen, or even a second bathroom. These features are often not available to solo renters with the same budget.

3. Built-in Social Life

Living with others offers a ready-made social environment. For many, it’s a lifestyle perk that enhances mental well-being, particularly for those new to a city.

Common Challenges of House Sharing

• Privacy: Shared spaces can reduce personal privacy.

• Cleaning Responsibilities: Disagreements may arise over tidiness.

• Different Lifestyles: Conflicting schedules or habits can cause tension.

With clear communication and mutual respect, these issues are usually manageable.

Budgeting Fairly with Sharers

Use our house sharer cost calculator to estimate your share of household costs. Input your rent, utility bills, council tax, and other expenses, and divide them accurately among housemates.

This tool is ideal for:

• First-time renters unsure of typical costs

• Group renters planning a shared move

• Existing sharers looking to rebalance contributions

Top Tips for Successful Shared Living

1. Set House Rules Early

Agree on cleaning rotas, bill payments, and quiet hours from the outset.

2. Communicate Openly

Honesty about habits and concerns helps avoid simmering issues.

3. Use Shared Apps

Apps like Splitwise or Monzo can streamline shared expenses.

4. Choose Compatible Housemates

Lifestyle alignment often matters more than friendship. Consider routines, cleanliness, and expectations before committing.

Renting Options with Essential Living

At Essential Living, our rental properties in London are perfectly suited to sharers. Our apartments are spacious and have on-site gyms and co-working areas. We offer flexible leases. Our homes are made for modern renters who want quality and comfort.

Learn more about our developments and how we support sharers with smart layouts and shared amenities.

Frequently asked questions about Sharing in London

Is it cheaper to rent with sharers in London?

Yes. Renting with sharers significantly reduces the cost per person. You can split not only rent but also bills like energy, broadband, and council tax.

What should I include in a house share budget?

Include rent, council tax, energy bills, broadband, water, and optional extras like TV licenses or cleaning services. Our interactive calculator can help you break this down.

Can I rent with friends in a build-to-rent property?

Yes. Many build-to-rent properties, including those by Essential Living, welcome sharers. Some even offer sharer-friendly layouts with equal-sized bedrooms and en suite options.

How do I find good housemates?

Use platforms like SpareRoom or trusted social circles. Always meet in person, discuss expectations, and consider trial periods before signing a lease together.

For more insights into co-living and renting tips, check out our blog on Student's Guide to Renting in London in 2025 or 5 Things to Look Out for before Renting an Apartment.