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SpareRoom is an excellent platform to turn your spare room into a source of passive income. Considering that you can list your room on the platform for free and make about $9,400 per year, joining SpareRoom is worth it.
Pros
- Post Ads for free
- Find housemates easily
- Earn extra money
- Find people to live with
Cons
- Have to pay a fee to upgrade
- No guarantee of finding housemates
Jump to: Full Review
Compare to Other Sites to Rent Stuff
Neighbor
Rent garage, driveway, parking lot, basement, bedroom, shed or carport
No listing fees + guaranteed payment monthly even if a renter doesn’t pay
Free coverage for everyone— $1,000,000 for host and $25,000 for renters
FriendWithA
Earn money by renting out your gear with relatively low rental fees – 10%
Average monthly pay – $95 for bike, $145 for camera, $150 for guitar
Personal liability guarantee up to $100,000 and $125,000 property coverage
What is SpareRoom?
SpareRoom was founded in 2004 by Rupert Hunt in the United Kingdom. It’s a flatshare website connecting people looking for housemates with those looking for a place to live.
SpareRoom is the UK’s number 1 flat-sharing website, receiving over 2 million visitors every month.
The company’s mission is to help bring like-minded people together to live together and make lifelong friends. The website works to make flat sharing a lifestyle that people aspire to.
How Does SpareRoom Work?
With SpareRoom, you can post an offered ad or a wanted ad to explain what you’re in search of. You can let people on the platform know you’ve got room to fill or are looking for one to live in. When you post an ad on SpareRoom, you let potential flatmates find you.Â
Who is SpareRoom Best for?
SpareRoom is best for those who have room to fill and are in search of housemates. This way, they can rent out a spare room in their home and can make a side income with SpareRoom.
What Can You Rent With SpareRoom?
With SpareRoom, you can rent a room in a house with others who live there as well. You will have the room to yourself and live with the other housemates.Â
By renting out a room on SpareRoom, you will make monthly rent payments to the landlord and live in the home as a renter.
How Much Can You Earn With SpareRoom?
With SpareRoom, you can decide how much you want to charge a lodger for the room per month. On average, you can earn $9,400 a year before taxes.Â
You can choose whether you include bills or not in your listed price.
SpareRoom Benefits: What Does SpareRoom Offer?
With SpareRoom, you can make extra income by renting out a room in your home while finding like-minded people to live with you. SpareRoom is a great way to make money from renting out a free room in your home.
Housemates To Live With
For those who don’t enjoy living alone or prefer to have company in their house, SpareRoom offers just that. You can find housemates with similar interests who also want to live with fellow housemates.
Lower Bill Costs
When you find a lodger on SpareRoom, you not only make extra income by renting out your room, but you also lower the cost of your bills by splitting the cost with your housemates.
Your bills will be split with the other housemates, which will help you save money and spend less on bills.
SpareRoom Fees: How Much Does it Cost to Use SpareRoom?
SpareRoom is completely free to use and doesn’t charge any fees. Anyone can post an Ad for free on the website and contact all Bolds Ads and other free Ads that are more than 7 days old.
If you’d like to contact free Ads that are less than 7 days old, you’ll have to upgrade to get Early Bird Access.
| Subscription | Price |
|---|---|
| Free Account | Free |
| Early Bird 1 | $14 |
| Early Bird 2 | $25 |
| Early Bird 3 | $31 |
SpareRoom Requirements?
To get started with SpareRoom, you can register through your Facebook account or sign up for an account using your email address.
Once your account is created, you can post an ad on SpareRoom.
SpareRoom Payout Terms and Options
Once you have found a suitable lodger on the SpareRoom app and they have signed the rental agreement, you will set up a method of payment that works for both you and the renter. The payment method you decide to use is up to you and the renter.
SpareRoom Reviews: is SpareRoom Legit?
SpareRoom has a 4.1-star rating on Google Play Store, a 4.7-star rating on Apple App Store, and a 4.5-star rating on Trustpilot.Â
Customers have praised SpareRoom for being easy to navigate, having many beneficial features, and having an organized interface.
SpareRoom has received complaints from customers for some of its filters being glitchy, customers not receiving responses, and scammers on the app.
What Are the SpareRoom Pros & Cons?
SpareRoom Pros
- Post Ads for free
- Find housemates easily
- Earn extra money
- Find people to live with
SpareRoom Cons
- Have to pay a fee to upgrade
- No guarantee of finding suitable housemates
How Good is SpareRoom Support?
SpareRoom has an extensive FAQ page that answers the most commonly asked questions and a glossary to define terms that may be used on the platform.Â
If you don’t find the answers you’re looking for, you can fill out a contact form on the website, and a member of SpareRoom’s support team will get back to you.
Other ways to contact SpareRoom customer support:
- Email: customerservices@spareroom.com
- Phone USA: 1 877 257 4944
- Phone UK: 0161 768 1162
SpareRoom Review Verdict: is SpareRoom Worth It?
SpareRoom is an excellent platform to turn your spare room into a source of passive income. Considering that you can list your room on the platform for free and make about $9,400 per year, joining SpareRoom is worth it.
How to Sign Up With SpareRoom?
To sign up with SpareRoom, you can either sign up using your Facebook account or email. Once you register your account, you can create your profile and start posting ads.
Sites Like SpareRoom
| Comparison | SpareRoom | Neighbor | FriendWithA | Airbnb |
|---|---|---|---|---|
| Earning potential | $9,400 per year | $100 – $600 per month | $1,000 per month | $2,500 per month |
| Service fees | 0% | 4.9% + $0.30 | 10% | 0.03 |
| Best for | Renting extra room | Renting storage space | Renting items | Vacation rentals |
SpareRoom vs. Neighbor
Neighbor Summary
- Earn up to $600 per month renting a garage
- 48 hours to screen potential renters
- Get 1 payment at the end of each month
- $1 million free coverage for hosts
SpareRoom is an app that allows you to rent out the free rooms in your home, while on Neighbor, you can rent out storage space to those who need it. With both of these apps, you can list your space and earn money from the renters.Â
SpareRoom vs. FriendWithA
Friendwitha Summary
- Outstanding 24/7 customer service
- $10,000 damage protection insurance
- Relatively low fees of 10% per rental
- Earn up to $1000 per month from rentals
With SpareRoom, you can rent out any free rooms you have to lodgers looking for a house to live in. On FriendWithA, you can list your gear for rent by the hour. You earn money by putting your room or gear up for rent with both of these apps.Â
SpareRoom vs. Airbnb
AirBnb Summary
- Over 150 million users worldwide
- Earn an average of $924 per month
- Rent out your property whenever you want
- Quick turnaround time for payouts
SpareRoom is an app that allows you to rent out the free rooms in your home to potential renters, while Airbnb is an app that allows property owners to rent out their space to travelers who need a place to stay.Â
With SpareRoom, you find a renter to live in the room, and they pay their monthly rent, while on Airbnb, various travelers can book their stay for their chosen dates and pay a nightly fee.
SpareRoom FAQs
Is SpareRoom free?
SpareRoom is an app that’s free to use. Anyone can post a free ad and contact all bold and free ads that are more than 7 days old. To contact ads less than 7 days old, you can pay to upgrade to the Early Bird access.
Why does nobody respond on SpareRoom?
If the potential landlord decides that you are unsuitable for the room, they might choose not to respond for fear of offending you.
Do you have to pay to contact people on SpareRoom?
Anyone can use SpareRoom completely for free. Users can choose to upgrade to respond to messages that are less than 7 days old.
Should I get verified on SpareRoom?
Verification on SpareRoom helps protect you against the fake landlord and tenant scams that you can find on most other websites.
Can you trust SpareRoom?
SpareRoom has both manual and automated systems in place that pick up the majority of attempted scams. Most of the flatshares create on SpareRoom are completely legitimate.
