Business Insider: A San Francisco startup charges renters almost $1,300 a month to live in converted living rooms — and it’s so popular it’s expanding to 5 major cities around the US

In San Francisco, a bedroom at one of the city’s luxury apartment dwellings for $1,290 a month is, all things considered, a steal. A startup called HomeShare offers just that. But there’s a catch: Your bedroom might be located in the living room. Founded in 2016, HomeShare leases apartments in expensive new buildings and splices them into additional units, so more tenants can split the rent for less per person. A two-bedroom becomes fit for three after HomeShares installs an upholstered partition in the den, with rents in San Francisco starting at $1,290 per month. The company announced on Monday that it’s expanding to five markets — San Francisco, Silicon Valley, New York, Seattle, and Los Angeles — thanks to new partnerships with major real-estate developers. The launch comes on the heels of a $5.7 million seed funding round, led by Lightspeed Venture Partners, in January.