Most undergraduate students opt for the individual lease option, as it allows you to be the only person on your lease, and you are responsible only for your portion of rent and utilities, if they’re included in your monthly payments. Most apartments offering this lease have an overabundance of 3 or 4 bedroom units and a wide range of amenities.
Note: These types of apartments are usually advertised at a rent cost of “per person” or “per bathroom.” For example, rent for a 4 bedroom, 4 bathroom unit might be $480 per person.
Graduate and professional students typically prefer this type of housing option, as it requires everyone who will be living in the space to sign one lease. In this instance, all parties are liable for rent and utilities, even in the event that one roommate cannot pay their portion of the bills.
Note: These types of leases are advertises at a rent cost “per unit.” For example, a 3 bedroom duplex might cost $900 per unit and would break down to $300 per person for 3 people or $450 for 2 people.