Dividing rent among roommates: Consumer Website of the Week

March 30, 2011|By Liz F. Kay

Despite the forecasts of snow, spring is here, and that means it's apartment hunting time for college students and graduates who have landed internships or employment --- or simply need a space outside of a dorm.

In some of those situations, the fiscally responsible housing arrangement is a shared one.

But how do you share the burden of rent fairly when the house or apartment can't be divided equally? For example, one roommate might get a larger master bedroom with a private bathroom, while others have smaller rooms and have to coordinate their showering schedules.

That's where the site splittherent.org, which I found via Consumerist and have selected as our Consumer Website of the Week.

The rent calculator lets prospective roommates account for unequally sized rooms, private bathrooms as well as rooms shared by a couple.

This seems like an objective way to settle differences and forestall some of the potential disagreements roommates could face. It doesn't account for utilities, but they're working on a separate bill-sharing app.

If you've got tips to manage finances with roommates, please share them in the comments below.

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