Renting furnished vs unfurnished apartments: what's the better value?

Renting furnished vs unfurnished apartments: what's the better value?

Posted 09.14.2009 in Articles by SMonteith

The majority of rental apartments can be broken down into two categories: the main category of unfurnished apartments, and less common category of furnished apartments. There are plenty of differences that separate the two types of apartments and plenty of differences between the types of tenants that rent them. To figure out which type of apartment best suits your needs and budget, we've listed and analyzed all the differences between the two below.

When deciding about renting furnished vs unfurnished apartments, it’s important to understand what furnished means. Usually, furniture and appliances are already in the apartment, and the cost of their use is included in the rent. The furnishings may include a television, sound system, media players and game consoles. Some apartments with furnishings even have bedding and linens included.

The price of a furnished vs an unfurnished space is more expensive. Prices vary according to location and amenities, but those looking at renting furnished vs unfurnished spaces are likely to pay at least $400-$500 more each month.

With the increased price comes convenience. The renter of a furnished apartment does not have to purchase furniture, nor do they have to hire movers or rent a truck. They have less packing and unpacking and, accordingly, lower stress levels. It’s easier for the renter to settle in to the apartment, and they may find that some of their utilities are covered in the price.

Conversely, choosing furnished rooms may mean living with impersonal furnishings that the renter does not particularly like. They will also be financially responsible for any damage the furniture sustains while it is in their use.

Unfurnished apartments are empty, and the renter will be required to supply everything except for appliances like a stove, refrigerator and dishwasher. Some unfurnished apartments are supplied with a washer and dryer, or a microwave as well.

Although an unfurnished apartment is empty, it wins the price war between furnished and unfurnished rentals. At an average cost of about $500 less per month than a furnished rental, this unfurnished home represents a significant cost savings.

Aside from offering lower rent, these apartments allow the renter to lay out the floor plan of their furniture any way they wish. People who own furniture will be able to use it rather than putting it in storage. The renter’s own furnishings make the apartment more homelike and comfortable, and they don’t have to worry about losing deposits because of furniture damage.

Those who choose unfurnished when deciding between renting furnished vs unfurnished will have a more difficult move as they have more to pack and unpack. They are likely to have to rent a truck and perhaps hire movers. This means that moving costs more and takes more time. They may even need to buy appliances, like a microwave, or furniture.

The question of furnished vs unfurnished apartments is often settled by the duration of the move. An apartment with furnishings makes sense for a short term move that is a long distance from the renter’s home base. It also makes economical sense when the renter does not already own furniture. Renters with large budgets who simply want an easy move may also decide on a fully equipped apartment.

Deciding between renting furnished vs unfurnished homes may also be easier when the renter already owns furniture. This renter desires more control over the appearance of their apartment, and might even have a smaller budget. Consequently, the smaller rent typically associated with an unfurnished apartment may be attractive.

When it comes to deciding whether to rent furnished vs unfurnished apartments, the renter needs to think about the duration of their rental term and their budget. Unfurnished apartments feature cheaper rent, but the tenant must supply the furnishings. An apartment that comes with furnishings means the tenant does not need to buy supplies, but it also means higher rent and a less personalized space. Knowing the advantages of each type of rental is important when deciding on a new apartment home, and making the best personal choice.

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