hmmm, interesting question. I think the the answer to your question is subjective and it is really up to you, the "renter". If all you need is a room in the city then $17 / day plus utilities doesn't sound all too bad, especially if the house/apartment is in a very nice neighborhood. However, if you want more than a room with a bed then no I guess $500/month isn't worth it. Hope that helps, good luck.