How much does it cost to live in a Coliving?

Unlike traditional housing, coliving focuses on building a community and fostering collaboration, making it an ideal option for young professionals, digital nomads, and those seeking a more connected and flexible way of life.

Factors influencing the cost of Coliving 

Geographical location: Cities, areas, and neighbourhoods 

One of the most significant factors affecting the cost of living in a coliving space is its geographical location. Large, high-demand cities like Barcelona tend to have higher prices compared to less popular areas. Even within the same city, the area or neighbourhood also impacts the cost: central areas or those with better services and transport links are generally more expensive. Conversely, choosing a coliving space in a more peripheral area can be more affordable, though it may come with fewer amenities or longer commutes.

Length of stay: Monthly rates vs. Short stays 

The duration of your stay in a coliving space will also affect the total cost. Generally, monthly rates tend to be more economical in proportion when compared to shorter stays. Some coliving spaces offer discounts for those who commit to staying for several months or even a year. On the other hand, if you only need a place for a few weeks, the nightly rate may be higher, although the flexibility of this type of accommodation can justify the additional cost.

Included services: From wi-Fi to cleaning 

The cost of coliving is also determined by the services included in the rate. Many coliving spaces offer basic services like Wi-Fi, water, electricity, and cleaning as part of the package, which can represent a significant saving compared to traditional rentals where these services are paid for separately. Additionally, some coliving spaces include extras like gyms, cinema rooms, community events, and coworking spaces, which can increase the price but also add value to the community living experience.

Coliving prices in Europe 

In Europe, coliving prices vary considerably depending on the country and city. In cities like Barcelona, Berlin, or Amsterdam, the monthly cost of coliving can range from €800 to €1,500, depending on the location and services offered. Smaller or less popular cities may offer coliving spaces at more affordable prices, around €500-800 per month. However, these locations often come with fewer amenities or are situated in less central areas.

Examples of Coliving rates 

Economical Colivings: What to expect for less than €800 per month 

Economical colivings, which offer monthly rates below €800, are usually located in more accessible cities or neighbourhoods and may include basic but functional shared spaces. This type of coliving is ideal for those looking for a balance between cost and comfort, offering essential services like Wi-Fi, shared kitchens, and weekly cleaning. Although personal space may be limited, these colivings provide a vibrant community experience and often attract digital nomads and young professionals.

Mid-range Colivings: Costs and benefits 

In the mid-range category, with rates between €800 and €1,500 per month, you’ll find colivings that offer a balance between quality and price. These spaces generally feature private rooms, additional services like coworking spaces, gyms, and regular community events. The location is usually more central, making it easier to access services and public transport. Mid-range colivings are popular among those who value comfort without sacrificing the community experience.

Luxury Colivings Exclusive experiences and prices 

Luxury colivings, with rates exceeding €1,500 per month, offer an exclusive experience with premium services. These spaces may include suite-like rooms, access to high-end facilities such as swimming pools, private terraces, concierge services, and select social events. The location is typically in prime areas of the city, and residents are often high-level professionals or entrepreneurs seeking a sophisticated and connected lifestyle. Although they come with the highest cost, these colivings provide a level of comfort and exclusivity that many find justifies the price.

Economic benefits of Coliving 

Included services: cost savings 

One of the main economic benefits of living in a coliving space is that many utilities and services are included in the price. This can represent considerable savings compared to traditional renting, where tenants must pay separately for services like electricity, water, internet, and cleaning. Additionally, many coliving spaces offer access to shared spaces like gyms, lounges, and coworking areas at no additional cost, which can significantly reduce monthly expenses.

Flexibility in contracts 

Contract flexibility is another attractive economic aspect of coliving. Unlike traditional rentals, which usually require long-term contracts and penalties for early cancellation, coliving spaces allow for short-term stays with the option to renew or cancel at short notice. This flexibility is particularly valuable for digital nomads and people with mobile lifestyles, as it allows them to adapt to new circumstances without incurring additional costs.

Community and networking: Added value without extra cost 

Living in a coliving space not only provides a place to sleep and work but also the opportunity to be part of an active community. The ability to connect with other professionals and entrepreneurs often leads to networking and collaboration opportunities that can be valuable both professionally and personally. This added value, which has no direct cost, is one of the reasons many consider coliving a smart investment beyond just a housing expense.

Financial challenges of Coliving hidden costs 

What to consider before choosing 

Although coliving spaces offer numerous economic benefits, it’s important to be aware of potential hidden costs. Some coliving spaces may charge additional fees for services such as extra cleaning, use of premium facilities, or even participation in community events. Some contracts may also include clauses about additional payments in case of damage or changes to the stay. Therefore, it’s crucial to carefully review all terms and conditions before making a decision.

Avoiding financial surprises

Budget Planning To avoid financial surprises while living in a coliving space, it’s advisable to plan a detailed budget that includes not only the cost of accommodation but also possible additional expenses. Researching and comparing different coliving spaces, reading reviews from other users, and consulting directly with the management can help anticipate any unexpected costs. Additionally, setting up an emergency fund can be useful for covering unforeseen expenses during your stay.

Coliving vs. Shared housing

Which Is More Cost-Effective? When deciding between coliving and traditional shared housing, it’s important to assess which option is more cost-effective based on your needs and lifestyle. While coliving may be more expensive than sharing a traditional flat, the services and flexibility it offers can justify the additional cost. On the other hand, if saving money is the primary goal, shared housing with long-term contracts may be the more economical option. The choice will depend on what you value most: savings or comfort and community.

Conclusion: Is coliving a worthwhile investment? 

Living in a coliving space can be a worthwhile investment if you consider all the factors involved. From location to included services, contract flexibility, and the community that forms, each of these aspects influences whether coliving is the best option for you. Although it may have a higher cost than other accommodation alternatives, the added benefits, such as networking opportunities and the simplification of expenses, can make it worth the investment.

The value of Coliving beyond price 

Beyond price, coliving offers a unique lifestyle that combines community, flexibility, and convenience. For many, the opportunity to live and work in an environment designed to foster connections and collaboration justifies any additional costs. Additionally, the included services and the ability to avoid the bureaucracy of traditional rental contracts make coliving an attractive option for digital nomads and young professionals.

Coliving is an excellent option for those who value flexibility, community, and convenience. If you are a digital nomad, a young professional on the move, or simply someone looking for a more connected and collaborative way of life, coliving could be the perfect investment for you. At VIU, we offer various pricing options that include all the services you need to live in Barcelona.