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That means the co-living solution offered by California-based company PodShare is $2,400 cheaper per month than the median rent for a one-bedroom apartment in the city. The only thing renters have to give up is their privacy.

According to CNN Business reporter Anna Bahney, tenants have access to a bed, locker, and WiFi. Currently, there are seven PodShare locations: six in Los Angeles and one in San Francisco.

Image: PodShare's bunk-bed style co-living solution costs $1,200 a month in San Francisco. PodShare