Closet-sized bedroom in East Austin listed for $700 online


    It may be Austin's tiniest rental space, but the price tag per month is pretty big and grabbing a lot of attention online. (CBS Austin)

    It may be Austin's tiniest rental space, but the price tag per month is pretty big and grabbing a lot of attention online.

    For $700 a month, you can rent a tiny space tucked beneath a staircase in East Austin's Rosewood neighborhood.

    You'd only get about 50-square feet of private space, but the price includes a shared living area, kitchen, backyard, bathroom, and utilities with no contract.

    "Oh my gosh, that is tiny," said Lydia Smith after she first saw the ad. "You can't even breathe in that space."

    The micro-room listed on Craigslist only fits a twin bed and has a few feet of storage space.

    Austin realtor and CEO of Urban Squared Reality, James Hill, says he's seeing more people sacrifice square footage to be closer to downtown.

    "The venues, the coffee houses, the art galleries, the boutique shops. . . I think some of those things are what's creating this submarket that's new to everyone in the real estate industry," he said. "Things like this have become the easy button in real estate for a lot of people, because we have telecommuters and they don't need to stay in a place and, you know, put a deposit down."

    According to RENTcafe.com, the average cost of rent in Austin for a one bedroom apartment is listed at about $1,300 per month and $1,700 in Rosewood.

    Savannah Bethke says the price tag for this kind of micro living is a bit high for her, but she can see its perks.

    "I could see if it's a reasonable price how it's be efficient for someone staying there just short term," she said.

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